NASDAQ:CASA - Casa Systems Stock Price, Price Target & More

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

Casa Systems (NASDAQ:CASA) issued its quarterly earnings results on Tuesday, March, 6th. The company reported $0.54 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.32 by $0.22. The business earned $117.96 million during the quarter, compared to analyst estimates of $101.43 million. View Casa Systems' Earnings History.

Casa Systems updated its FY18 earnings guidance on Tuesday, March, 6th. The company provided earnings per share (EPS) guidance of $1.08-$1.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.04. The company issued revenue guidance of $380-$395 million, compared to the consensus revenue estimate of $386.66 million.

7 brokers have issued 1 year price targets for Casa Systems' stock. Their forecasts range from $23.00 to $27.00. On average, they anticipate Casa Systems' share price to reach $24.50 in the next twelve months. View Analyst Ratings for Casa Systems.

Casa Systems saw a increase in short interest during the month of March. As of March 29th, there was short interest totalling 1,794,920 shares, an increase of 199.2% from the March 15th total of 599,995 shares. Based on an average daily trading volume, of 1,102,880 shares, the short-interest ratio is currently 1.6 days. Approximately 10.2% of the shares of the stock are sold short.

Some companies that are related to Casa Systems include CommScope (COMM), Ubiquiti Networks (UBNT), Echostar (SATS), ARRIS Group (ARRS), Viasat (VSAT), Maxar Technologies (MAXR), Loral Space & Communications (LORL), Mitel Networks (MITL), CalAmp (CAMP), Comtech Telecommunications (CMTL), Sierra Wireless (SWIR), Energous (WATT), Gilat Satellite Networks (GILT), Harmonic (HLIT) and Ceragon (CRNT).

(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 served as the underwriters for the IPO and Raymond James, Stifel, Macquarie Capital, Northland Capital Markets and William Blair were co-managers.

Casa Systems' lock-up period expires on Wednesday, June 13th. Casa Systems had issued 6,000,000 shares in its public offering on December 15th. The total size of the offering was $78,000,000 based on an initial share price of $13.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Media coverage about CASA stock has been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Casa Systems earned a coverage optimism score of 0.09 on Accern's scale. They also assigned news coverage about the company an impact score of 44.63 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

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, Scottrade, Fidelity and Charles Schwab.

One share of CASA stock can currently be purchased for approximately $25.75.

Casa Systems has a market capitalization of $2.43 billion and generates $351.58 million in revenue each year. The company earns $88.50 million in net income (profit) each year or $0.79 on an earnings per share basis. Casa Systems employs 680 workers across the globe.

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]