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

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

Casa Systems Inc (NASDAQ:CASA) released its earnings results on Thursday, May, 10th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.22 by $0.03. The company had revenue of $89.10 million for the quarter, compared to analyst estimates of $88.50 million. View Casa Systems' Earnings History.

Casa Systems updated its FY18 earnings guidance on Thursday, May, 10th. 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 $1.17. The company issued revenue guidance of $380-395 million, compared to the consensus revenue estimate of $393.84 million.

7 equities research analysts have issued 12-month price objectives for Casa Systems' stock. Their forecasts range from $23.00 to $31.00. On average, they expect Casa Systems' share price to reach $25.1667 in the next year. This suggests a possible upside of 59.9% from the stock's current price. View Analyst Ratings 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 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Casa Systems include ARRIS International (ARRS), Echostar (SATS), ViaSat (VSAT), Maxar Technologies (MAXR), Mitel Networks (MITL), Loral Space & Communications Ltd. (LORL), CalAmp (CAMP), Comtech Telecomm. (CMTL), Sierra Wireless (SWIR), Gilat Satellite Networks (GILT), Energous (WATT), Harmonic (HLIT), Ceragon Networks (CRNT), KVH Industries (KVHI) and Vuzix (VUZI).

(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.

Casa Systems' lock-up period expired on Wednesday, June 13th. Casa Systems had issued 6,000,000 shares in its initial 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 are now eligible to be traded as a result of the expiration of the lock-up period.

News coverage about CASA stock has trended somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Casa Systems earned a news impact score of 0.11 on Accern's scale. They also assigned media headlines about the company an impact score of 44.97 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Casa Systems' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Summit Partners L P (41.38%) and Columbia Partners L L C Investment Management (0.01%). 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 Summit Partners L P. Company insiders that have sold Casa Systems company stock in the last year include 2012 Irrevocable Tru Dragonfly, Gary D Hall, Jerry Guo, Lucy Xie, Peter Y Chung and Weidong Chen. View Insider Buying and Selling for Casa Systems.

CASA stock was bought by a variety of institutional investors in the last quarter, including Columbia Partners L L C Investment Management. 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 $15.74.

Casa Systems has a market capitalization of $1.29 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]