NASDAQ:CASA - Casa Systems Stock Price, Price Target & More

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$19.51 -0.59 (-2.94 %)
(As of 05/25/2018 06:00 AM ET)
Previous Close$19.51
Today's Range$18.96 - $20.0853
52-Week Range$13.25 - $34.21
Volume698,336 shs
Average Volume1.23 million shs
Market Capitalization$1.64 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A

About Casa Systems (NASDAQ:CASA)

Casa Systems logoCasa Systems, Inc. provides software-centric broadband products in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers software-centric infrastructure 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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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio4.11
Current Ratio5.29
Quick Ratio4.93

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual Sales$351.58 million
Price / Sales4.54
Cash Flow$0.5245 per share
Price / Cash37.20
Book Value$0.88 per share
Price / Book22.17

Profitability

EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A

Miscellaneous

Employees680
Outstanding Shares81,800,000

Casa Systems (NASDAQ:CASA) Frequently Asked Questions

What is Casa Systems' stock symbol?

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

How were Casa Systems' earnings last quarter?

Casa Systems Inc (NASDAQ:CASA) issued its earnings results on Thursday, May, 10th. The company reported $0.19 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.22 by $0.03. The business earned $89.10 million during the quarter, compared to analyst estimates of $88.50 million. View Casa Systems' Earnings History.

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

Casa Systems updated its FY18 earnings guidance on Thursday, May, 10th. The company provided earnings per share (EPS) guidance of $1.08-1.19 for the period, compared to the Thomson Reuters consensus estimate of $1.17. The company issued revenue guidance of $380-395 million, compared to the consensus revenue estimate of $393.84 million.

What price target have analysts set for CASA?

7 Wall Street analysts have issued 12 month price targets for Casa Systems' shares. Their forecasts range from $23.00 to $31.00. On average, they expect Casa Systems' stock price to reach $25.1667 in the next twelve months. View Analyst Ratings for Casa Systems.

Who are some of Casa Systems' key competitors?

Who are Casa Systems' key executives?

Casa Systems' management team includes the folowing people:
  • Mr. Jerry Guo, Founder, Pres, CEO & Chairman (Age 55)
  • Ms. Lucy Xie, Sr. VP of Operations & Director (Age 52)
  • Mr. Weidong Chen, CTO & Director (Age 51)
  • Mr. Gary Hall, Chief Financial Officer (Age 57)
  • Mr. Paul Hanna, VP of Marketing

When did Casa Systems IPO?

(CASA) raised $78 million in an initial public offering 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.

When does Casa Systems' lock-up period expire?

Casa Systems' lock-up period expires 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. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Has Casa Systems been receiving favorable news coverage?

Headlines about CASA stock have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Casa Systems earned a news sentiment score of 0.14 on Accern's scale. They also gave press coverage about the company an impact score of 47.52 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Who are Casa Systems' major shareholders?

Casa Systems' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (1.77%), Penserra Capital Management LLC (0.42%), Schwab Charles Investment Management Inc. (0.28%), Northern Trust Corp (0.26%), Overbrook Management Corp (0.17%) and Thornburg Investment Management Inc. (0.11%). 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.

Which institutional investors are selling Casa Systems stock?

CASA stock was sold by a variety of institutional investors in the last quarter, including Thornburg Investment Management Inc. and Neuberger Berman Group LLC. 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.

Which institutional investors are buying Casa Systems stock?

CASA stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Penserra Capital Management LLC, Schwab Charles Investment Management Inc., Northern Trust Corp, Overbrook Management Corp, Prudential Financial Inc., Legal & General Group Plc and Chatham Capital Group Inc.. 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.

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, Scottrade, Fidelity and Charles Schwab.

What is Casa Systems' stock price today?

One share of CASA stock can currently be purchased for approximately $19.51.

How big of a company is Casa Systems?

Casa Systems has a market capitalization of $1.64 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.

How can I contact Casa Systems?

Casa Systems' mailing address is 100 OLD RIVER ROAD SUITE 100, ANDOVER MA, 01810. The company can be reached via phone at 978-688-6706 or via email at [email protected]


MarketBeat Community Rating for Casa Systems (CASA)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  54 (Vote Outperform)
Underperform Votes:  57 (Vote Underperform)
Total Votes:  111
MarketBeat's community ratings are surveys of what our community members think about Casa Systems and other stocks. Vote "Outperform" if you believe CASA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CASA will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Casa Systems (NASDAQ:CASA) Price Target and Consensus Rating

  (How are Consensus Ratings Calculated?)
7 Wall Street analysts have issued ratings and price targets for Casa Systems in the last 12 months. Their average twelve-month price target is $25.1667, suggesting that the stock has a possible upside of 28.99%. The high price target for CASA is $31.00 and the low price target for CASA is $23.00. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Buy."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: BuyBuyBuyN/A
Consensus Rating Score: 2.712.712.71N/A
Ratings Breakdown: 0 Sell Rating(s)
2 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
2 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
2 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $25.1667$24.50$22.1667N/A
Price Target Upside: 28.99% upside1.83% upside19.95% upsideN/A

Casa Systems (NASDAQ:CASA) Consensus Price Target History

Price Target History for Casa Systems (NASDAQ:CASA)

Casa Systems (NASDAQ:CASA) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/27/2018Stifel NicolausBoost Price TargetBuy ➝ Buy$27.00 ➝ $31.00HighView Rating Details
3/7/2018BarclaysReiterated RatingEqual Weight ➝ Equal Weight$21.00 ➝ $25.00LowView Rating Details
3/7/2018Morgan StanleyReiterated RatingEqual Weight ➝ Equal Weight$21.00 ➝ $23.00HighView Rating Details
1/10/2018MacquarieInitiated CoverageOutperform ➝ Outperform$24.00MediumView Rating Details
1/9/2018Raymond JamesInitiated CoverageOutperform ➝ Outperform$23.00MediumView Rating Details
1/9/2018Northland SecuritiesInitiated CoverageOutperform ➝ Outperform$25.00MediumView Rating Details
1/9/2018William BlairInitiated CoverageOutperform ➝ OutperformHighView Rating Details
(Data available from 5/25/2016 forward)

Earnings

Casa Systems (NASDAQ:CASA) Earnings History and Estimates Chart

Earnings by Quarter for Casa Systems (NASDAQ:CASA)

Casa Systems (NASDAQ:CASA) Earnings Estimates

2018 EPS Consensus Estimate: $1.03
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20181$0.20$0.20$0.20
Q2 20181$0.23$0.23$0.23
Q3 20181$0.24$0.24$0.24
Q4 20181$0.36$0.36$0.36

Casa Systems (NASDAQ CASA) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/10/2018Q1 2018$0.22$0.19$88.50 million$89.10 millionViewN/AView Earnings Details
3/6/2018Q4 2017$0.32$0.54$101.43 million$117.96 millionViewN/AView Earnings Details
(Earnings results data provided by Zacks Investment Research)

Dividends

Casa Systems (NASDAQ:CASA) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Casa Systems (NASDAQ CASA) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 64.39%
Institutional Ownership Percentage: 54.80%
Insider Trading History for Casa Systems (NASDAQ:CASA)
Institutional Ownership by Quarter for Casa Systems (NASDAQ:CASA)

Casa Systems (NASDAQ CASA) Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
4/30/20182012 Irrevocable Tru DragonflyMajor ShareholderSell415,343$23.89$9,922,544.27View SEC Filing  
4/30/2018Gary D HallCFOSell62,301$23.89$1,488,370.89View SEC Filing  
4/30/2018Jerry GuoCEOSell1,402,905$23.89$33,515,400.45View SEC Filing  
4/30/2018Lucy XieSVPSell266,381$23.89$6,363,842.09View SEC Filing  
4/30/2018Peter Y ChungDirectorSell4,717,520$25.00$117,938,000.00View SEC Filing  
4/30/2018Weidong ChenInsiderSell360,948$23.89$8,623,047.72View SEC Filing  
12/19/2017Bruce R EvansDirectorBuy250,000$13.00$3,250,000.00View SEC Filing  
12/19/2017Jerry GuoCEOBuy100,000$13.00$1,300,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Casa Systems (NASDAQ CASA) News Headlines

Source:
DateHeadline
Zacks Investment Research Downgrades Casa Systems (CASA) to SellZacks Investment Research Downgrades Casa Systems (CASA) to Sell
www.americanbankingnews.com - May 17 at 6:37 PM
Greylock has a female general partner again with promotion of Sarah GuoGreylock has a female general partner again with promotion of Sarah Guo
finance.yahoo.com - May 15 at 4:29 PM
Casa Systems (CASA) Receives Consensus Recommendation of "Hold" from BrokeragesCasa Systems (CASA) Receives Consensus Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - May 14 at 8:28 AM
Why Casa Systems Shares Plunged TodayWhy Casa Systems Shares Plunged Today
finance.yahoo.com - May 12 at 10:30 AM
Casa Systems (CASA) Posts Quarterly  Earnings Results, Misses Expectations By $0.03 EPSCasa Systems (CASA) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS
www.americanbankingnews.com - May 11 at 1:53 PM
Casa Systems beats by $0.01, beats on revenueCasa Systems beats by $0.01, beats on revenue
seekingalpha.com - May 11 at 10:49 AM
Casa Systems (CASA) CEO Jerry Guo on Q1 2018 Results - Earnings Call TranscriptCasa Systems' (CASA) CEO Jerry Guo on Q1 2018 Results - Earnings Call Transcript
seekingalpha.com - May 11 at 10:49 AM
Casa Systems: 1Q Earnings SnapshotCasa Systems: 1Q Earnings Snapshot
finance.yahoo.com - May 11 at 10:49 AM
Casa Systems (CASA) Issues FY18 Earnings GuidanceCasa Systems (CASA) Issues FY18 Earnings Guidance
www.americanbankingnews.com - May 10 at 5:30 PM
Casa Systems Becomes Oversold (CASA)Casa Systems Becomes Oversold (CASA)
www.nasdaq.com - May 10 at 4:18 PM
Casa Systems Introduces New Apex™ PicoStrand Radio Access Network (RAN) SolutionCasa Systems Introduces New Apex™ PicoStrand Radio Access Network (RAN) Solution
finance.yahoo.com - May 10 at 4:18 PM
Casa Systems Announces First Quarter 2018 Financial ResultsCasa Systems Announces First Quarter 2018 Financial Results
finance.yahoo.com - May 10 at 4:18 PM
Casa Systems to Present at the J.P. Morgan Global Technology, Media, and Communications ConferenceCasa Systems to Present at the J.P. Morgan Global Technology, Media, and Communications Conference
finance.yahoo.com - May 10 at 10:00 AM
Zacks: Analysts Anticipate Casa Systems (CASA) Will Announce Quarterly Sales of $86.45 MillionZacks: Analysts Anticipate Casa Systems (CASA) Will Announce Quarterly Sales of $86.45 Million
www.americanbankingnews.com - May 10 at 3:50 AM
Casa Systems (CASA) Cut to "Hold" at Zacks Investment ResearchCasa Systems (CASA) Cut to "Hold" at Zacks Investment Research
www.americanbankingnews.com - May 8 at 8:04 PM
Zacks: Analysts Expect Casa Systems (CASA) to Announce $0.23 Earnings Per ShareZacks: Analysts Expect Casa Systems (CASA) to Announce $0.23 Earnings Per Share
www.americanbankingnews.com - May 8 at 3:19 PM
Casa Systems To Release First Quarter 2018 Results on Thursday, May 10th, 2018Casa Systems To Release First Quarter 2018 Results on Thursday, May 10th, 2018
finance.yahoo.com - May 3 at 9:38 AM
Casa Systems (CASA) SVP Lucy Xie Sells 266,381 SharesCasa Systems (CASA) SVP Lucy Xie Sells 266,381 Shares
www.americanbankingnews.com - May 2 at 7:22 PM
2012 Irrevocable Tru Dragonfly Sells 415,343 Shares of Casa Systems (CASA) Stock2012 Irrevocable Tru Dragonfly Sells 415,343 Shares of Casa Systems (CASA) Stock
www.americanbankingnews.com - May 2 at 7:22 PM
Casa Systems (CASA) Insider Sells $8,623,047.72 in StockCasa Systems (CASA) Insider Sells $8,623,047.72 in Stock
www.americanbankingnews.com - May 2 at 7:22 PM
Insider Selling: Casa Systems (CASA) CEO Sells 1,402,905 Shares of StockInsider Selling: Casa Systems (CASA) CEO Sells 1,402,905 Shares of Stock
www.americanbankingnews.com - May 2 at 7:22 PM
Insider Selling: Casa Systems (CASA) CFO Sells 62,301 Shares of StockInsider Selling: Casa Systems (CASA) CFO Sells 62,301 Shares of Stock
www.americanbankingnews.com - May 2 at 7:21 PM
Casa Systems (CASA) Director Sells $117,938,000.00 in StockCasa Systems (CASA) Director Sells $117,938,000.00 in Stock
www.americanbankingnews.com - April 30 at 7:26 PM
Casa Systems (CASA) PT Raised to $31.00 at Stifel NicolausCasa Systems (CASA) PT Raised to $31.00 at Stifel Nicolaus
www.americanbankingnews.com - April 27 at 11:21 AM
Casa Systems, Inc. (CASA) Sees Hammer Chart Pattern: Time to Buy?Casa Systems, Inc. (CASA) Sees Hammer Chart Pattern: Time to Buy?
finance.yahoo.com - April 25 at 9:57 AM
BRIEF-Casa Systems Announces Launch Of Proposed Public OfferingBRIEF-Casa Systems Announces Launch Of Proposed Public Offering
www.reuters.com - April 24 at 4:24 PM
Casa Systems (CASA) Launches 7.35M Share Proposed Public Offering of Common Stock by HoldersCasa Systems (CASA) Launches 7.35M Share Proposed Public Offering of Common Stock by Holders
www.streetinsider.com - April 24 at 9:44 AM
BRIEF-Casa Systems Inc Sees Q1 Revenue $88 Mln - $89 MlnBRIEF-Casa Systems Inc Sees Q1 Revenue $88 Mln - $89 Mln
www.reuters.com - April 24 at 9:44 AM
BRIEF-Casa Systems Files For Offering Of 7.35 Mln Shares Of Common Stock By Selling StockholdersBRIEF-Casa Systems Files For Offering Of 7.35 Mln Shares Of Common Stock By Selling Stockholders
www.reuters.com - April 24 at 9:44 AM
$83.90 Million in Sales Expected for Casa Systems (CASA) This Quarter$83.90 Million in Sales Expected for Casa Systems (CASA) This Quarter
www.americanbankingnews.com - April 23 at 4:19 AM
Ericsson (ERIC) & Casa Systems (CASA) Critical ContrastEricsson (ERIC) & Casa Systems (CASA) Critical Contrast
www.americanbankingnews.com - April 22 at 7:26 AM
$0.21 EPS Expected for Casa Systems (CASA) This Quarter$0.21 EPS Expected for Casa Systems (CASA) This Quarter
www.americanbankingnews.com - April 21 at 9:14 AM
Casa Systems (CASA) & KVH Industries (KVHI) Financial ReviewCasa Systems (CASA) & KVH Industries (KVHI) Financial Review
www.americanbankingnews.com - April 19 at 11:21 AM
Casa Systems (CASA) Receives Average Rating of "Buy" from BrokeragesCasa Systems (CASA) Receives Average Rating of "Buy" from Brokerages
www.americanbankingnews.com - April 19 at 7:36 AM
BRIEF-Casa Systems Appoints Dan Mead And Joe Tibbetts To Board Of DirectorsBRIEF-Casa Systems Appoints Dan Mead And Joe Tibbetts To Board Of Directors
www.reuters.com - April 18 at 9:48 AM
Casa Systems Appoints Dan Mead and Joe Tibbetts to Board of DirectorsCasa Systems Appoints Dan Mead and Joe Tibbetts to Board of Directors
finance.yahoo.com - April 18 at 9:48 AM
Casa Systems (CASA) Sees Significant Increase in Short InterestCasa Systems (CASA) Sees Significant Increase in Short Interest
www.americanbankingnews.com - April 14 at 1:40 AM
Jeff Reevess Strength in Numbers: These five under-the-radar technology stocks are leaving Big Tech in the dustJeff Reeves's Strength in Numbers: These five under-the-radar technology stocks are leaving Big Tech in the dust
www.marketwatch.com - April 13 at 3:15 AM
These five under-the-radar technology stocks are leaving Big Tech in the dustThese five under-the-radar technology stocks are leaving Big Tech in the dust
finance.yahoo.com - April 12 at 4:11 PM
Casa Systems Launches New Axyom™ Virtual Broadband Network Gateway Router for the Carrier EdgeCasa Systems Launches New Axyom™ Virtual Broadband Network Gateway Router for the Carrier Edge
finance.yahoo.com - April 9 at 10:03 AM
Casa Systems (CASA) and Its Rivals Critical SurveyCasa Systems (CASA) and Its Rivals Critical Survey
www.americanbankingnews.com - April 6 at 10:11 AM
Zacks: Analysts Anticipate Casa Systems (CASA) Will Announce Quarterly Sales of $83.90 MillionZacks: Analysts Anticipate Casa Systems (CASA) Will Announce Quarterly Sales of $83.90 Million
www.americanbankingnews.com - April 6 at 3:44 AM
Casa Systems (CASA) Expected to Announce Earnings of $0.21 Per ShareCasa Systems (CASA) Expected to Announce Earnings of $0.21 Per Share
www.americanbankingnews.com - April 4 at 11:38 AM
Reviewing Casa Systems (CASA) & Its RivalsReviewing Casa Systems (CASA) & Its Rivals
www.americanbankingnews.com - April 2 at 7:12 PM
Head to Head Comparison: Casa Systems (CASA) versus The CompetitionHead to Head Comparison: Casa Systems (CASA) versus The Competition
www.americanbankingnews.com - April 2 at 1:16 PM
Casa Systems (CASA) Research Coverage Started at Stifel NicolausCasa Systems (CASA) Research Coverage Started at Stifel Nicolaus
www.americanbankingnews.com - March 30 at 1:46 PM
Casa Systems (CASA) Receives New Coverage from Analysts at BarclaysCasa Systems (CASA) Receives New Coverage from Analysts at Barclays
www.americanbankingnews.com - March 30 at 12:13 PM
Casa Systems (CASA) Coverage Initiated by Analysts at Morgan StanleyCasa Systems (CASA) Coverage Initiated by Analysts at Morgan Stanley
www.americanbankingnews.com - March 30 at 12:23 AM
William Blair Initiates Coverage on Casa Systems (CASA)William Blair Initiates Coverage on Casa Systems (CASA)
www.americanbankingnews.com - March 29 at 11:52 PM
Casa Systems (CASA) Research Coverage Started at MacquarieCasa Systems (CASA) Research Coverage Started at Macquarie
www.americanbankingnews.com - March 29 at 4:44 PM

SEC Filings

Casa Systems (NASDAQ:CASA) SEC Filings

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Financials

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Chart

Casa Systems (NASDAQ CASA) Stock Chart for Friday, May, 25, 2018

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This page was last updated on 5/25/2018 by MarketBeat.com Staff

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