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S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Will Nvidia Be the Lifeline Intel Desperately Needs?
The Graphite Shortage Story You're Not Being Told (Ad)
Stock market today: Asian stocks follow Wall St up after strong US jobs report
Is Li Auto Head and Shoulders Above Its Chinese Counterparts?
The Graphite Shortage Story You're Not Being Told (Ad)
Analysts are Giving ChargePoint a Boost, but is it a Buy?
VirTra is an Overlooked Profitable National Defense Play
AI is Unstoppable. Now Is The Time! (Ad)
US Navy says Iran Revolutionary Guard fast-attack boats 'harassed' ship in Strait of Hormuz
Greek authorities rescue 91 migrants from river islet on border with Turkey
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Will Nvidia Be the Lifeline Intel Desperately Needs?
The Graphite Shortage Story You're Not Being Told (Ad)
Stock market today: Asian stocks follow Wall St up after strong US jobs report
Is Li Auto Head and Shoulders Above Its Chinese Counterparts?
The Graphite Shortage Story You're Not Being Told (Ad)
Analysts are Giving ChargePoint a Boost, but is it a Buy?
VirTra is an Overlooked Profitable National Defense Play
AI is Unstoppable. Now Is The Time! (Ad)
US Navy says Iran Revolutionary Guard fast-attack boats 'harassed' ship in Strait of Hormuz
Greek authorities rescue 91 migrants from river islet on border with Turkey
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Will Nvidia Be the Lifeline Intel Desperately Needs?
The Graphite Shortage Story You're Not Being Told (Ad)
Stock market today: Asian stocks follow Wall St up after strong US jobs report
Is Li Auto Head and Shoulders Above Its Chinese Counterparts?
The Graphite Shortage Story You're Not Being Told (Ad)
Analysts are Giving ChargePoint a Boost, but is it a Buy?
VirTra is an Overlooked Profitable National Defense Play
AI is Unstoppable. Now Is The Time! (Ad)
US Navy says Iran Revolutionary Guard fast-attack boats 'harassed' ship in Strait of Hormuz
Greek authorities rescue 91 migrants from river islet on border with Turkey
NASDAQ:CASA

Casa Systems (CASA) Stock Forecast, Price & News

$1.13
+0.11 (+10.78%)
(As of 06/2/2023 08:48 PM ET)
Compare
Today's Range
$1.04
$1.14
50-Day Range
$1.02
$1.27
52-Week Range
$1.02
$4.88
Volume
304,600 shs
Average Volume
365,553 shs
Market Capitalization
$109.29 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.00

Casa Systems MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
254.0% Upside
$4.00 Price Target
Short Interest
Healthy
4.70% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.07
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

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

2.15 out of 5 stars

Consumer Discretionary Sector

143rd out of 268 stocks

Radio & T.V. Communications Equipment Industry

13th out of 24 stocks


CASA stock logo

About Casa Systems (NASDAQ:CASA) Stock

Casa Systems, Inc. engages in the provision and development of digital cable video and broadband services. Its products include cable, fixed, mobile, optical, Wi-Fi networks, and Casa access devices. The company was founded by Jerry Guo in 2003 and is headquartered in Andover, MA.

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CASA Stock News Headlines

New "Mined in America" Lithium Opportunities?
The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.
New "Mined in America" Lithium Opportunities?
The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.
Casa Systems: Q1 Earnings Insights
CASA swears in new advocates
Here's what Wall Street expects from Casa Systems's earnings
Casa Systems (CASA) Scheduled to Post Earnings on Tuesday
CMTS (QAM) Sales Market Demand by 2031
See More Headlines

CASA Price History

CASA Company Calendar

Last Earnings
3/14/2023
Today
6/05/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:CASA
Employees
1,043
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$4.00
High Stock Price Forecast
$5.00
Low Stock Price Forecast
$3.00
Forecasted Upside/Downside
+254.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-79,210,000.00
Pretax Margin
-32.86%

Debt

Sales & Book Value

Annual Sales
$267.44 million
Book Value
$0.20 per share

Miscellaneous

Free Float
33,754,000
Market Cap
$109.29 million
Optionable
Optionable
Beta
1.08

Key Executives

  • Edward Durkin
    Chief Executive & Financial Officer
  • Weidong ChenWeidong Chen
    Chief Technology Officer
  • Gibson Ang
    Vice President-Technology
  • Alfredo T. de Cárdenas
    Chief Customer Officer
  • Rod Gilbert
    Vice President-Global Business Development













CASA Stock - Frequently Asked Questions

Should I buy or sell Casa Systems stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Casa Systems in the last year. There are currently 1 hold rating and 1 buy rating 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 2023?

2 analysts have issued twelve-month price objectives for Casa Systems' stock. Their CASA share price forecasts range from $3.00 to $5.00. On average, they predict the company's stock price to reach $4.00 in the next year. This suggests a possible upside of 254.0% 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 2023?

Casa Systems' stock was trading at $2.73 at the beginning of 2023. Since then, CASA stock has decreased by 58.6% and is now trading at $1.13.
View the best growth stocks for 2023 here
.

When is Casa Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our CASA earnings forecast
.

How were Casa Systems' earnings last quarter?

Casa Systems, Inc. (NASDAQ:CASA) released its quarterly earnings data on Tuesday, March, 14th. The company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.14. The business had revenue of $84.40 million for the quarter, compared to analysts' expectations of $83.05 million. Casa Systems had a negative net margin of 29.27% and a negative trailing twelve-month return on equity of 154.43%.

What ETF holds Casa Systems' stock ?

Defiance Next Gen Connectivity ETF holds 678,801 shares of CASA stock, representing 0.11% of its portfolio.

What guidance has Casa Systems issued on next quarter's earnings?

Casa Systems updated its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $300.00 million-$325.00 million, compared to the consensus revenue estimate of $317.75 million.

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 $13.00 per share. Morgan Stanley and Barclays acted 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 a number of institutional and retail investors. Top institutional shareholders include Benefit Street Partners LLC (1.14%), Penserra Capital Management LLC (0.70%), State Street Corp (0.69%), Geode Capital Management LLC (0.69%), Intrinsic Edge Capital Management LLC (0.62%) and Royce & Associates LP (0.37%). Insiders that own company stock include Lucy Xie, 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 $1.13.

How much money does Casa Systems make?

Casa Systems (NASDAQ:CASA) has a market capitalization of $109.29 million and generates $267.44 million in revenue each year. The company earns $-79,210,000.00 in net income (profit) each year or ($0.83) on an earnings per share basis.

How many employees does Casa Systems have?

The company employs 1,043 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 6/5/2023 by MarketBeat.com Staff

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