Casa Systems Stock Price, News & Analysis (NASDAQ:CASA)

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

Casa Systems Inc (NASDAQ:CASA) announced its earnings results on Wednesday, July, 31st. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.15. The business had revenue of $52.10 million for the quarter, compared to analysts' expectations of $49.59 million. Casa Systems had a return on equity of 32.65% and a net margin of 8.71%. The business's revenue for the quarter was down 24.2% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share. View Casa Systems' Earnings History.

Casa Systems is scheduled to release their next quarterly earnings announcement on Thursday, October 31st 2019. View Earnings Estimates for Casa Systems.

Casa Systems will be holding an earnings conference call on Thursday, October 31st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Casa Systems updated its FY 2019 earnings guidance on Wednesday, July, 31st. The company provided earnings per share guidance of $0.20-0.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.22. The company issued revenue guidance of $320-350 million, compared to the consensus revenue estimate of $245.55 million.

7 Wall Street analysts have issued 1 year price objectives for Casa Systems' stock. Their predictions range from $7.00 to $14.00. On average, they expect Casa Systems' stock price to reach $11.00 in the next twelve months. This suggests a possible upside of 49.9% from the stock's current price. View Analyst Price Targets for Casa Systems.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Casa Systems in the last year. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Casa Systems.

Media coverage about CASA stock has been trending extremely negative on Tuesday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Casa Systems earned a coverage optimism score of -4.3 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Casa Systems.

Casa Systems saw a drop in short interest in September. As of September 30th, there was short interest totalling 1,200,000 shares, a drop of 11.1% from the August 30th total of 1,350,000 shares. Based on an average daily volume of 299,200 shares, the days-to-cover ratio is presently 4.0 days. Currently, 4.2% of the company's stock are sold short. View Casa Systems' Current Options Chain.

Some companies that are related to Casa Systems include Commscope (COMM), Loral Space & Communications Ltd. (LORL), Comtech Telecomm. (CMTL), Harmonic (HLIT), Maxar Technologies (MAXR), Gilat Satellite Networks (GILT), Sierra Wireless (SWIR), CalAmp (CAMP), Ceragon Networks (CRNT), Cambium Networks (CMBM), KVH Industries (KVHI), PC Tel (PCTI), Pointer Telocation (PNTR), SeaChange International (SEAC) and Airgain (AIRG).

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

(CASA) raised $78 million in an initial public offering 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.

Casa Systems' stock is owned by many different of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.94%) and Denali Advisors LLC (0.02%). Company insiders that own Casa Systems stock include 2012 Irrevocable Tru Dragonfly, Bruce R Evans, Gary D Hall, Jerry Guo, Lucy Xie, Michael T Hayashi, Peter Y Chung and Weidong Chen. View Institutional Ownership Trends for Casa Systems.

CASA stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC. View Insider Buying and Selling for Casa Systems.

CASA stock was purchased by a variety of institutional investors in the last quarter, including Denali Advisors LLC. Company insiders that have bought Casa Systems stock in the last two years include Bruce R Evans, Jerry Guo and Michael T Hayashi. View Insider Buying and Selling for Casa Systems.

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

One share of CASA stock can currently be purchased for approximately $7.34.

Casa Systems has a market capitalization of $615.09 million and generates $297.13 million in revenue each year. The company earns $73.01 million in net income (profit) each year or $0.80 on an earnings per share basis. Casa Systems employs 777 workers across the globe.View Additional Information About Casa Systems.

The official website for Casa Systems is http://www.casa-systems.com/.

Casa Systems' mailing address is 100 OLD RIVER ROAD, ANDOVER MA, 01810. The company can be reached via phone at 978-688-6706 or via email at [email protected]