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NASDAQ:CASA

Casa Systems Stock Forecast, Price & News

$4.18
-0.11 (-2.56 %)
(As of 09/18/2020 12:50 PM ET)
Add
Compare
Today's Range
$4.11
Now: $4.18
$4.30
50-Day Range
$4.24
MA: $4.99
$6.03
52-Week Range
$1.85
Now: $4.18
$8.03
Volume13,095 shs
Average Volume465,805 shs
Market Capitalization$347.50 million
P/E RatioN/A
Dividend YieldN/A
Beta0.99
Casa Systems, Inc. provides software-centric broadband products in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers solutions that allow cable service providers to deliver voice, video, and data services over a single platform at multi-gigabit speeds. It also provides solutions for next-generation centralized, distributed, and virtualized architectures for cable broadband, fixed-line broadband, and wireless networks. Casa Systems, Inc. was founded in 2003 and is headquartered in Andover, Massachusetts.
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Casa Systems logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 2.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.59 out of 5 stars


Industry, Sector and Symbol

Industry Radio & t.v. communications equipment
Sub-IndustryN/A
Current SymbolNASDAQ:CASA
CUSIPN/A
Phone978-688-6706

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$282.30 million
Cash Flow$0.11 per share
Book Value$0.46 per share

Profitability

Net Income$-48,210,000.00

Miscellaneous

Employees777
Market Cap$347.50 million
Next Earnings Date10/29/2020 (Estimated)
OptionableOptionable
$4.18
-0.11 (-2.56 %)
(As of 09/18/2020 12:50 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Casa Systems (NASDAQ:CASA) Frequently Asked Questions

How has Casa Systems' stock price been impacted by Coronavirus?

Casa Systems' stock was trading at $2.23 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CASA stock has increased by 87.0% and is now trading at $4.17.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Casa Systems?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Casa Systems in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Casa Systems
.

When is Casa Systems' next earnings date?

Casa Systems is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Casa Systems
.

How were Casa Systems' earnings last quarter?

Casa Systems Inc (NASDAQ:CASA) issued its quarterly earnings results on Thursday, July, 30th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.03) by $0.04. The firm had revenue of $83.35 million for the quarter, compared to analysts' expectations of $79.50 million. Casa Systems had a negative net margin of 9.96% and a negative return on equity of 7.87%.
View Casa Systems' earnings history
.

What guidance has Casa Systems issued on next quarter's earnings?

Casa Systems updated its FY 2020 After-Hours earnings guidance on Thursday, July, 30th. The company provided EPS guidance of 0.00-0.12 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.03. The company issued revenue guidance of $340-360 million, compared to the consensus revenue estimate of $352.94 million.

What price target have analysts set for CASA?

5 analysts have issued twelve-month target prices for Casa Systems' stock. Their forecasts range from $5.00 to $8.00. On average, they anticipate Casa Systems' stock price to reach $6.00 in the next year. This suggests a possible upside of 43.9% from the stock's current price.
View analysts' price targets for Casa Systems
.

Are investors shorting Casa Systems?

Casa Systems saw a increase in short interest in the month of August. As of August 14th, there was short interest totaling 2,030,000 shares, an increase of 44.0% from the July 30th total of 1,410,000 shares. Based on an average daily volume of 313,200 shares, the short-interest ratio is currently 6.5 days. Approximately 6.8% of the company's shares are sold short.
View Casa Systems' Short Interest
.

Who are some of Casa Systems' key competitors?

What other stocks do shareholders of Casa Systems own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Casa Systems investors own include Applied Materials (AMAT), FTS International (FTSI), Nektar Therapeutics (NKTR), Lam Research (LRCX), Advanced Energy Industries (AEIS), Corus Entertainment (CJREF), KLA (KLAC), Square (SQ), Thor Industries (THO) and SP Plus (SP).

Who are Casa Systems' key executives?

Casa Systems' management team includes the following people:
  • Mr. Jerry Guo, Founder, Chairman, Pres, CEO & Sec. (Age 56)
  • Ms. Lucy Xie, Sr. VP of Operations & Director (Age 53)
  • Mr. Weidong Chen, CTO & Director (Age 52)
  • Mr. Maurizio Nicolelli, Chief Financial Officer (Age 51)
  • Ms. Monica Gould, Head of Investor Relations

When did Casa Systems IPO?

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

What is Casa Systems' stock symbol?

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

Who are Casa Systems' major shareholders?

Casa Systems' stock is owned by a variety of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (1.56%), Formula Growth Ltd. (1.44%), Jacobs Levy Equity Management Inc. (0.43%), Two Sigma Advisers LP (0.35%), Assenagon Asset Management S.A. (0.27%) and Goldman Sachs Group Inc. (0.26%).
View institutional ownership trends for Casa Systems
.

Which major investors are selling Casa Systems stock?

CASA stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, and Two Sigma Advisers LP.
View insider buying and selling activity for Casa Systems
.

Which major investors are buying Casa Systems stock?

CASA stock was bought by a variety of institutional investors in the last quarter, including Jacobs Levy Equity Management Inc., Formula Growth Ltd., Goldman Sachs Group Inc., Jane Street Group LLC, FMR LLC, FMR LLC, Assenagon Asset Management S.A., and Russell Investments Group Ltd..
View insider buying and selling activity for Casa Systems
.

How do I buy shares of 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.

What is Casa Systems' stock price today?

One share of CASA stock can currently be purchased for approximately $4.17.

How big of a company is Casa Systems?

Casa Systems has a market capitalization of $346.67 million and generates $282.30 million in revenue each year. The company earns $-48,210,000.00 in net income (profit) each year or ($0.05) on an earnings per share basis. Casa Systems employs 777 workers across the globe.

What is Casa Systems' official website?

The official website for Casa Systems is www.casa-systems.com.

How can I contact Casa Systems?

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]

This page was last updated on 9/18/2020 by MarketBeat.com Staff

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