Casa Systems Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Casa Systems in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Casa Systems stock.
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Wall Street analysts have given Casa Systems a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Casa Systems wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Casa Systems is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for Casa Systems.

Casa Systems, Inc. (NASDAQ:CASA) issued its quarterly earnings data on Wednesday, February, 17th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.16. The business earned $120.53 million during the quarter, compared to analysts' expectations of $108.21 million. Casa Systems had a negative net margin of 6.24% and a positive trailing twelve-month return on equity of 11.73%.
View Casa Systems' earnings history.

Casa Systems' stock was trading at $2.23 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CASA shares have increased by 342.6% and is now trading at $9.87.
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Casa Systems issued an update on its FY 2021 After-Hours earnings guidance on Thursday, February, 18th. The company provided earnings per share (EPS) guidance of 0.23-0.32 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.31. The company issued revenue guidance of $425-445 million, compared to the consensus revenue estimate of $420.95 million.

4 brokerages have issued 1 year price objectives for Casa Systems' shares. Their forecasts range from $8.00 to $12.00. On average, they expect Casa Systems' stock price to reach $9.75 in the next year. This suggests that the stock has a possible downside of 1.2%.
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34 employees have rated Casa Systems CEO Jerry Guo on Glassdoor.com. Jerry Guo has an approval rating of 54% among Casa Systems' employees. This puts Jerry Guo in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Casa Systems include Viasat (VSAT), Maxar Technologies (MAXR), EchoStar (SATS), Cambium Networks (CMBM), Vuzix (VUZI), Harmonic (HLIT), Loral Space & Communications Inc. (LORL), Comtech Telecommunications (CMTL), Gilat Satellite Networks (GILT), Sierra Wireless (SWIR), CalAmp (CAMP), Aviat Networks (AVNW), Ceragon Networks (CRNT), KVH Industries (KVHI) and Energous (WATT).
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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), Corus Entertainment (CJREF), Lam Research (LRCX), Advanced Energy Industries (AEIS), KLA (KLAC), SP Plus (SP), Square (SQ) and Thor Industries (THO).

(CASA) raised $78 million in an IPO on Friday, December 15th 2017. The company issued 6,000,000 shares at $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 trades on the NASDAQ under the ticker symbol "CASA."

Shares of CASA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CASA stock can currently be purchased for approximately $9.87.

Casa Systems has a market capitalization of $836.65 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 993 workers across the globe.

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

Casa Systems is headquartered at 100 OLD RIVER ROAD, ANDOVER MA, 01810.

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]