Casa Systems - CASA Stock Forecast, Price & News

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.