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NASDAQ:CASA

Casa Systems Stock Forecast, Price & News

$5.24
-0.25 (-4.55 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$5.16
Now: $5.24
$5.54
50-Day Range
$4.17
MA: $4.62
$5.49
52-Week Range
$1.85
Now: $5.24
$6.10
Volume156,355 shs
Average Volume224,441 shs
Market Capitalization$437.64 million
P/E RatioN/A
Dividend YieldN/A
Beta0.98
Casa Systems, Inc., a communications technology company, provides solutions for next-generation centralized, distributed, and virtualized 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, and security and wireless gateways, as well as small cell solutions and fixed wireless access devices; and optical access solutions, virtualized broadband network gateway router and multiservice routers, fiber-to-the-distribution-point devices, and residential broadband gateways; and machine-to-machine and industrial internet of things routers. The company was founded in 2003 and is headquartered in Andover, Massachusetts.
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Casa Systems logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.49 out of 5 stars


Industry, Sector and Symbol

Industry Radio & t.v. communications equipment
Sub-IndustryN/A
Current SymbolNASDAQ:CASA
CUSIPN/A
Phone978-688-6706
Employees997

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$282.30 million
Cash Flow$0.12 per share
Book Value$0.57 per share

Profitability

Net Income$-48,210,000.00

Miscellaneous

Market Cap$437.64 million
Next Earnings Date2/18/2021 (Estimated)
OptionableOptionable
$5.24
-0.25 (-4.55 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Casa Systems (NASDAQ:CASA) Frequently Asked Questions

How has Casa Systems' stock price been impacted by COVID-19?

Casa Systems' stock was trading at $2.23 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CASA stock has increased by 135.0% and is now trading at $5.24.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Casa Systems?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Casa Systems in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Casa Systems
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Casa Systems?

Wall Street analysts have given Casa Systems a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Casa Systems wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Casa Systems' next earnings date?

Casa Systems is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for Casa Systems
.

How were Casa Systems' earnings last quarter?

Casa Systems, Inc. (NASDAQ:CASA) announced its earnings results on Wednesday, October, 28th. The company reported $0.07 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.01 by $0.06. The firm had revenue of $105.75 million for the quarter, compared to analysts' expectations of $92.30 million. Casa Systems had a negative net margin of 6.24% and a positive return on equity of 11.73%.
View Casa Systems' earnings history
.

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

Casa Systems issued an update on its FY 2020 After-Hours earnings guidance on Wednesday, October, 28th. The company provided EPS guidance of 0.09-0.14 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.06. The company issued revenue guidance of $370-380 million, compared to the consensus revenue estimate of $357.09 million.

What price target have analysts set for CASA?

4 Wall Street analysts have issued twelve-month price objectives for Casa Systems' stock. Their forecasts range from $5.00 to $8.00. On average, they expect Casa Systems' share price to reach $6.00 in the next twelve months. This suggests a possible upside of 14.5% from the stock's current price.
View analysts' price targets for Casa Systems
.

Who are some of Casa Systems' key competitors?

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), Square (SQ) and Thor Industries (THO).

Who are Casa Systems' key executives?

Casa Systems' management team includes the following people:
  • Mr. Jerry Guo, Founder, Chairman, Pres, CEO & Sec. (Age 57, Pay $1.43M)
  • Ms. Lucy Xie, Sr. VP of Operations & Director (Age 54, Pay $758.97k)
  • Mr. Weidong Chen, Chief Technology Officer (Age 53, Pay $693.02k)
  • Mr. Scott Bruckner, Chief Financial Officer (Age 61)
  • Mr. Matthew Slepian, Corp. Controller & Principal Accounting Officer (Age 55)
  • Ms. Monica Gould, Head of Investor Relations
  • Ms. Cheryl George, VP of HR
  • Mr. Abraham Pucheril, Sr. VP of Product Strategy & Management (Age 54)
  • Mr. Alfredo T. de Cardenas, Chief Customer Officer (Age 55)
  • Mr. Steve Collins, Sr. VP of Access Devices

When did Casa Systems IPO?

(CASA) raised $78 million in an initial public offering on Friday, December 15th 2017. The company issued 6,000,000 shares at a price of $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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (2.93%), Peregrine Capital Management LLC (1.84%), Assenagon Asset Management S.A. (0.93%), State Street Corp (0.81%), Arrowstreet Capital Limited Partnership (0.53%) and Globeflex Capital L P (0.31%).
View institutional ownership trends for Casa Systems
.

Which institutional investors are selling Casa Systems stock?

CASA stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Group One Trading L.P., State Street Corp, Jane Street Group LLC, Morgan Stanley, Wells Fargo & Company MN, and Sei Investments Co..
View insider buying and selling activity for Casa Systems
.

Which institutional investors are buying Casa Systems stock?

CASA stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., BlackRock Inc., Globeflex Capital L P, Peregrine Capital Management LLC, First Trust Advisors LP, Squarepoint Ops LLC, Arrowstreet Capital Limited Partnership, and Boothbay Fund Management LLC.
View insider buying and selling activity for Casa Systems
.

How do I buy shares of 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.

What is Casa Systems' stock price today?

One share of CASA stock can currently be purchased for approximately $5.24.

How big of a company is Casa Systems?

Casa Systems has a market capitalization of $437.64 million and generates $282.30 million in revenue each year. The company earns $-48,210,000.00 in net income (profit) each year or ($0.05) on an earnings per share basis. Casa Systems employs 997 workers across the globe.

What is Casa Systems' official website?

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

How can I contact Casa Systems?

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]

This page was last updated on 11/29/2020 by MarketBeat.com Staff

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