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NASDAQ:CASACasa Systems Stock Price, Forecast & News

$4.29
+0.02 (+0.47 %)
(As of 07/3/2020 04:00 PM ET)
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Today's Range
$4.26
Now: $4.29
$4.44
50-Day Range
$3.79
MA: $4.29
$4.92
52-Week Range
$1.85
Now: $4.29
$8.03
Volume135,299 shs
Average Volume524,234 shs
Market Capitalization$356.24 million
P/E RatioN/A
Dividend YieldN/A
Beta0.98
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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Beat the Market (BTM) Rank

Analyst Opinion: 1.9Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 2.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.37 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$0.12 per share
Book Value$0.46 per share

Profitability

Net Income$-48,210,000.00

Miscellaneous

Employees777
Market Cap$356.24 million
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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Casa Systems (NASDAQ:CASA) Frequently Asked Questions

How has Casa Systems' stock been impacted by COVID-19 (Coronavirus)?

Casa Systems' stock was trading at $2.23 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CASA shares have increased by 92.4% and is now trading at $4.29. View which stocks have been most impacted by Coronavirus.

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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Casa Systems in the last year. There are currently 2 sell ratings, 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 Wednesday, July 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 data on Thursday, April, 30th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by $0.02. The company had revenue of $83.62 million for the quarter, compared to analyst estimates of $70.95 million. Casa Systems had a positive return on equity of 3.56% and a negative net margin of 9.60%. View Casa Systems' earnings history.

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

Casa Systems issued an update on its FY 2020 After-Hours earnings guidance on Thursday, April, 30th. The company provided earnings per share guidance of 0.00-0.12 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.05. The company issued revenue guidance of $340-360 million, compared to the consensus revenue estimate of $341.7 million.

What price target have analysts set for CASA?

6 brokers have issued 12 month price objectives for Casa Systems' shares. Their forecasts range from $4.00 to $7.00. On average, they expect Casa Systems' share price to reach $5.33 in the next twelve months. This suggests a possible upside of 24.3% from the stock's current price. View analysts' price targets for Casa Systems.

Has Casa Systems been receiving favorable news coverage?

Media headlines about CASA stock have been trending somewhat negative recently, according to InfoTrie. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Casa Systems earned a news impact score of -1.3 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news about Casa Systems.

Are investors shorting Casa Systems?

Casa Systems saw a decrease in short interest in the month of June. As of June 15th, there was short interest totaling 2,050,000 shares, a decrease of 18.7% from the May 31st total of 2,520,000 shares. Based on an average trading volume of 451,600 shares, the days-to-cover ratio is presently 4.5 days. Currently, 7.5% of the company's shares are sold short. View Casa Systems' Current Options Chain.

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), Corus Entertainment (CJREF), Advanced Energy Industries (AEIS), KLA (KLAC), Square (SQ), SP Plus (SP) and Argan (AGX).

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 initial public offering (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.

What is Casa Systems' stock symbol?

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

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 $4.29.

How big of a company is Casa Systems?

Casa Systems has a market capitalization of $356.24 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 7/3/2020 by MarketBeat.com Staff

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