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 quarterly earnings results on Thursday, May, 10th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.22 by $0.03. The firm had revenue of $89.10 million for the quarter, compared to analysts' expectations of $88.50 million. View Casa Systems' Earnings History.

Casa Systems issued an update on its FY18 earnings guidance on Thursday, May, 10th. The company provided earnings per share guidance of $1.08-1.19 for the period, compared to the Thomson Reuters consensus EPS 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 1-year price targets for Casa Systems' shares. 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 60.3% 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 (IPO) on Friday, December 15th 2017. The company issued 6,000,000 shares at $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 expired on Wednesday, June 13th. Casa Systems had issued 6,000,000 shares in its IPO on December 15th. The total size of the offering was $78,000,000 based on an initial share price of $13.00. Since the expiration of the company's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company have been lifted.

News coverage about CASA stock has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Casa Systems earned a news sentiment score of 0.05 on Accern's scale. They also assigned news coverage about the company an impact score of 46.26 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Casa Systems' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Summit Partners L P (41.38%), Steward Partners Investment Advisory LLC (0.02%) 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 purchased by a variety of institutional investors in the last quarter, including Steward Partners Investment Advisory LLC and 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 $15.70.

Casa Systems has a market capitalization of $1.30 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]