NASDAQ:CASACasa Systems Stock Price, Forecast & News

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.

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.

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

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.

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.

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.

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.

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.

Some companies that are related to Casa Systems include Maxar Technologies (MAXR), Harmonic (HLIT), Loral Space & Communications Ltd. (LORL), Comtech Telecomm. (CMTL), Gilat Satellite Networks (GILT), Sierra Wireless (SWIR), CalAmp (CAMP), Cambium Networks (CMBM), Ceragon Networks (CRNT), KVH Industries (KVHI), PC Tel (PCTI), Energous (WATT), SGOCO Group (SGOC), Airgain (AIRG) and Aviat Networks (AVNW). View all competitors.

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).

(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.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CASA stock can currently be purchased for approximately $4.29.

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.

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

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]