NASDAQ:CASA - Casa Systems Stock Price, News, & Analysis

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

Casa Systems Inc (NASDAQ:CASA) posted its earnings results on Wednesday, May, 1st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by $0.18. The company earned $35.50 million during the quarter, compared to the consensus estimate of $55.83 million. Casa Systems had a net margin of 16.38% and a return on equity of 51.33%. The business's quarterly revenue was down 60.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 earnings per share. View Casa Systems' Earnings History.

Casa Systems is scheduled to release their next quarterly earnings announcement on Tuesday, August 13th 2019. View Earnings Estimates for Casa Systems.

Casa Systems updated its FY19 earnings guidance on Wednesday, May, 1st. The company provided earnings per share guidance of $0.30-0.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.35. The company issued revenue guidance of $250-300 million, compared to the consensus revenue estimate of $274.74 million.

9 brokers have issued 12 month target prices for Casa Systems' stock. Their predictions range from $11.00 to $24.00. On average, they expect Casa Systems' share price to reach $15.4286 in the next twelve months. This suggests a possible upside of 146.1% from the stock's current price. View Analyst Price Targets for Casa Systems.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Casa Systems in the last year. There are currently 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Casa Systems.

News stories about CASA stock have been trending somewhat positive on Tuesday, according to InfoTrie. The research firm identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Casa Systems earned a news impact score of 1.4 on InfoTrie's scale. They also gave headlines about the company a news buzz of 7.0 out of 10, meaning that recent media coverage is likely to have an impact on the company's share price in the immediate future. View News Stories for Casa Systems.

Casa Systems saw a increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,333,700 shares, an increase of 12.3% from the April 15th total of 1,187,700 shares. Based on an average trading volume of 481,800 shares, the short-interest ratio is presently 2.8 days. Currently, 4.7% of the company's stock are short sold. View Casa Systems' Current Options Chain.

Some companies that are related to Casa Systems include Loral Space & Communications Ltd. (LORL), Comtech Telecomm. (CMTL), Harmonic (HLIT), Gilat Satellite Networks (GILT), Maxar Technologies (MAXR), Sierra Wireless (SWIR), CalAmp (CAMP), Ceragon Networks (CRNT), KVH Industries (KVHI), Airgain (AIRG), Energous (WATT), Pointer Telocation (PNTR), Vuzix (VUZI), PC Tel (PCTI) and SGOCO Group (SGOC).

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 IPO 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.

Casa Systems' stock is owned by many different of retail and institutional investors. Top institutional investors include Elk Creek Partners LLC (2.12%), Thornburg Investment Management Inc. (1.81%), Peregrine Capital Management LLC (0.68%), FMR LLC (0.31%), Clearbridge Investments LLC (0.25%) and Spark Investment Management LLC (0.23%). Company insiders that own Casa Systems stock include 2012 Irrevocable Tru Dragonfly, Bruce R Evans, Gary D Hall, Jerry Guo, Lucy Xie, 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 Clearbridge Investments LLC, FMR LLC, Peregrine Capital Management LLC and Metropolitan Life Insurance Co NY. View Insider Buying and Selling for Casa Systems.

CASA stock was acquired by a variety of institutional investors in the last quarter, including Elk Creek Partners LLC, Thornburg Investment Management Inc., First Trust Advisors LP, Dynamic Technology Lab Private Ltd, Becker Capital Management Inc., Martingale Asset Management L P, Weil Company Inc. and AlphaCrest Capital Management LLC. Company insiders that have bought Casa Systems stock in the last two years include Bruce R Evans and Jerry Guo. 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, Scottrade, Fidelity and Charles Schwab.

One share of CASA stock can currently be purchased for approximately $6.27.

Casa Systems has a market capitalization of $525.61 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]