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

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

Casa Systems Inc (NASDAQ:CASA) posted its earnings results on Thursday, October, 31st. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by $0.13. The business earned $81.80 million during the quarter, compared to the consensus estimate of $108.08 million. Casa Systems had a positive return on equity of 0.01% and a negative net margin of 3.22%. The business's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 earnings per share. View Casa Systems' Earnings History.

Casa Systems is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for Casa Systems.

Casa Systems will be holding an earnings conference call on Thursday, February 20th 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 issued an update on its FY 2019 Pre-Market earnings guidance on Friday, January, 24th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $275-280 million, compared to the consensus revenue estimate of $261.01 million.

7 brokerages have issued 1 year price targets for Casa Systems' shares. Their forecasts range from $7.00 to $12.00. On average, they expect Casa Systems' stock price to reach $8.25 in the next twelve months. This suggests a possible upside of 95.0% 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.

News coverage about CASA stock has trended very positive this week, InfoTrie reports. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Casa Systems earned a media sentiment score of 3.3 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the stock's share price in the near future. View News Stories for Casa Systems.

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

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), Nektar Therapeutics (NKTR), Corus Entertainment (CJREF), Advanced Energy Industries (AEIS), KLA (KLAC), SP Plus (SP), Argan (AGX) and Micron Technology (MU).

(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 a number of of retail and institutional investors. Top institutional shareholders include California Public Employees Retirement System (0.37%) and Assenagon Asset Management S.A. (0.37%). Company insiders that own Casa Systems stock include 2012 Irrevocable Tru Dragonfly, 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 acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A. and California Public Employees Retirement System. 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 $4.23.

Casa Systems has a market capitalization of $354.60 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]