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US Dollar Replaced By "Biden Bucks"? (Ad)
Can You Guess Which EV Stock Is Beating Tesla ?
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Wall Street builds on gains, heads for 4-week winning streak
Pipeline break spills 45,000 gallons of diesel in Wyoming
Judge revives Obama-era ban on coal sales from federal lands
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
S&P 500   4,280.15
DOW   33,761.05
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What Is WallStreetBets and What Stocks Are They Targeting?
US Dollar Replaced By "Biden Bucks"? (Ad)
Can You Guess Which EV Stock Is Beating Tesla ?
Closing prices for crude oil, gold and other commodities
Three Chinese corporate giants leaving NY stock exchange
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Wall Street builds on gains, heads for 4-week winning streak
Pipeline break spills 45,000 gallons of diesel in Wyoming
Judge revives Obama-era ban on coal sales from federal lands
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
What Is WallStreetBets and What Stocks Are They Targeting?
US Dollar Replaced By "Biden Bucks"? (Ad)
Can You Guess Which EV Stock Is Beating Tesla ?
Closing prices for crude oil, gold and other commodities
Three Chinese corporate giants leaving NY stock exchange
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Wall Street builds on gains, heads for 4-week winning streak
Pipeline break spills 45,000 gallons of diesel in Wyoming
Judge revives Obama-era ban on coal sales from federal lands
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
NASDAQ:CASA

Casa Systems - CASA Stock Forecast, Price & News

$4.37
+0.15 (+3.55%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$4.20
$4.38
50-Day Range
$3.56
$4.74
52-Week Range
$3.39
$7.53
Volume
213,839 shs
Average Volume
1.86 million shs
Market Capitalization
$411.57 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.38

Casa Systems MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
45.9% Upside
$6.38 Price Target
Short Interest
Bearish
7.67% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.07
Upright™ Environmental Score
News Sentiment
0.49mentions of Casa Systems in the last 14 days
Based on 11 Articles This Week
Insider Trading
Acquiring Shares
$576,333 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.48) to $0.22 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.37 out of 5 stars

Consumer Discretionary Sector

144th out of 289 stocks

Radio & T.V. Communications Equipment Industry

12th out of 25 stocks

CASA stock logo

About Casa Systems (NASDAQ:CASA) Stock

Casa Systems, Inc., a communications technology company, provides solutions for next-generation physical, virtualized, and cloud native architectures for cable broadband, fixed-line broadband, and wireless networks in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. It offers converged cable access platforms; wireless network core products, such as virtual evolved packet and 5G core products, as well as small cell solutions, axyom element management system, and fixed wireless access devices; and virtual, centralized, and distributed deployment, and bandwidth capacity expansion systems. The company also provides optical access solutions, virtualized broadband network gateway router and multiservice router, fiber extension, and residential broadband gateways; and machine-to-machine and industrial internet of things routers. The company was incorporated in 2003 and is headquartered in Andover, Massachusetts.

Casa Systems Stock Down 4.1 %

CASA opened at $4.22 on Friday. The company has a debt-to-equity ratio of 3.73, a current ratio of 3.78 and a quick ratio of 2.93. The firm has a 50 day simple moving average of $4.15 and a 200 day simple moving average of $4.32. Casa Systems has a fifty-two week low of $3.39 and a fifty-two week high of $7.53.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Barclays decreased their price target on shares of Casa Systems from $8.00 to $7.00 and set an "overweight" rating on the stock in a report on Monday. Northland Securities cut shares of Casa Systems from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $6.00 to $4.00 in a research report on Monday. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $6.38.

Insider Activity at Casa Systems

In other Casa Systems news, Director William C. Styslinger III purchased 44,000 shares of the stock in a transaction that occurred on Thursday, May 19th. The shares were acquired at an average cost of $4.38 per share, with a total value of $192,720.00. Following the completion of the transaction, the director now owns 569,213 shares in the company, valued at $2,493,152.94. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director William C. Styslinger III bought 44,000 shares of the company's stock in a transaction that occurred on Thursday, May 19th. The shares were acquired at an average price of $4.38 per share, for a total transaction of $192,720.00. Following the completion of the acquisition, the director now directly owns 569,213 shares in the company, valued at $2,493,152.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William C. Styslinger III acquired 83,923 shares of the stock in a transaction on Wednesday, May 25th. The shares were acquired at an average price of $4.01 per share, for a total transaction of $336,531.23. Following the acquisition, the director now owns 653,136 shares of the company's stock, valued at approximately $2,619,075.36. The disclosure for this purchase can be found here. 65.10% of the stock is owned by insiders.

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CASA Stock News Headlines

Barclays Trims Casa Systems (NASDAQ:CASA) Target Price to $7.00
Casa Systems Q2 2022 Earnings Preview
Casa Systems (CASA) Scheduled to Post Earnings on Thursday
See More Headlines
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CASA Company Calendar

Last Earnings
11/01/2021
Today
8/12/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:CASA
Employees
1,004
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$6.38
High Stock Price Forecast
$8.00
Low Stock Price Forecast
$4.00
Forecasted Upside/Downside
+45.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$3.21 million
Pretax Margin
-13.99%

Debt

Sales & Book Value

Annual Sales
$401.33 million
Cash Flow
$0.22 per share
Book Value
$0.78 per share

Miscellaneous

Free Float
32,869,000
Market Cap
$411.57 million
Optionable
Optionable
Beta
1.03

Key Executives














CASA Stock - Frequently Asked Questions

Should I buy or sell Casa Systems stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Casa Systems in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CASA shares.
View CASA analyst ratings
or view top-rated stocks.

What is Casa Systems' stock price forecast for 2022?

4 analysts have issued twelve-month price targets for Casa Systems' shares. Their CASA share price forecasts range from $4.00 to $8.00. On average, they expect the company's stock price to reach $6.38 in the next year. This suggests a possible upside of 45.9% from the stock's current price.
View analysts price targets for CASA
or view top-rated stocks among Wall Street analysts.

How have CASA shares performed in 2022?

Casa Systems' stock was trading at $5.67 at the start of the year. Since then, CASA stock has decreased by 22.9% and is now trading at $4.37.
View the best growth stocks for 2022 here
.

When is Casa Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our CASA earnings forecast
.

How were Casa Systems' earnings last quarter?

Casa Systems, Inc. (NASDAQ:CASA) announced its earnings results on Monday, November, 1st. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.05 by $0.10. The company had revenue of $99.22 million for the quarter, compared to the consensus estimate of $106.45 million. Casa Systems had a negative trailing twelve-month return on equity of 69.55% and a negative net margin of 14.32%. During the same quarter last year, the business posted $0.04 earnings per share.

What is Jerry Guo's approval rating as Casa Systems' CEO?

34 employees have rated Casa Systems Chief Executive Officer Jerry Guo on Glassdoor.com. Jerry Guo has an approval rating of 54% among the company's employees. This puts Jerry Guo in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Casa Systems own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Casa Systems investors own include Applied Materials (AMAT), FTS International (FTSI), Nektar Therapeutics (NKTR), Corus Entertainment (CJREF), Lam Research (LRCX), Advanced Energy Industries (AEIS), KLA (KLAC), SP Plus (SP), Block (SQ) and Thor Industries (THO).

When did Casa Systems IPO?

(CASA) raised $78 million in an IPO on Friday, December 15th 2017. The company issued 6,000,000 shares at a price of $13.00 per share. Morgan Stanley and Barclays served as the underwriters for the IPO and Raymond James, Stifel, Macquarie Capital, Northland Capital Markets and William Blair were co-managers.

What is Casa Systems' stock symbol?

Casa Systems trades on the NASDAQ under the ticker symbol "CASA."

Who are Casa Systems' major shareholders?

Casa Systems' stock is owned by many different institutional and retail investors. Top institutional investors include Benefit Street Partners LLC (2.33%), Peregrine Capital Management LLC (1.93%), FMR LLC (0.66%), Renaissance Technologies LLC (0.43%), Northern Trust Corp (0.35%) and JPMorgan Chase & Co. (0.18%). Insiders that own company stock include Lucy Xie, Michael T Hayashi, Michael T Hayashi, Weidong Chen and William C Styslinger III.
View institutional ownership trends
.

How do I buy shares of Casa Systems?

Shares of CASA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Casa Systems' stock price today?

One share of CASA stock can currently be purchased for approximately $4.37.

How much money does Casa Systems make?

Casa Systems (NASDAQ:CASA) has a market capitalization of $411.57 million and generates $401.33 million in revenue each year. The company earns $3.21 million in net income (profit) each year or ($0.56) on an earnings per share basis.

How many employees does Casa Systems have?

The company employs 1,004 workers across the globe.

How can I contact Casa Systems?

Casa Systems' mailing address is 100 OLD RIVER ROAD, ANDOVER MA, 01810. The official website for the company is www.casa-systems.com. The company can be reached via phone at (978) 688-6706, via email at investorrelations@casa-systems.com, or via fax at 978-688-6584.

This page (NASDAQ:CASA) was last updated on 8/13/2022 by MarketBeat.com Staff

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