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

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

Casa Systems (NASDAQ:CASA) released its quarterly earnings data on Tuesday, March, 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.22. The company earned $117.96 million during the quarter, compared to analyst estimates of $101.43 million. View Casa Systems' Earnings History.

Casa Systems issued an update on its FY18 earnings guidance on Tuesday, March, 6th. The company provided earnings per share guidance of $1.08-$1.19 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.04. The company issued revenue guidance of $380-$395 million, compared to the consensus revenue estimate of $386.66 million.

7 brokers have issued 1 year target prices for Casa Systems' stock. Their forecasts range from $23.00 to $27.00. On average, they expect Casa Systems' share price to reach $24.50 in the next year. View Analyst Ratings for Casa Systems.

Casa Systems saw a increase in short interest during the month of March. As of March 29th, there was short interest totalling 1,794,920 shares, an increase of 199.2% from the March 15th total of 599,995 shares. Based on an average daily trading volume, of 1,102,880 shares, the short-interest ratio is presently 1.6 days. Currently, 10.2% of the shares of the stock are sold short.

Some companies that are related to Casa Systems include CommScope (COMM), Ubiquiti Networks (UBNT), Echostar (SATS), ARRIS Group (ARRS), Viasat (VSAT), Maxar Technologies (MAXR), Loral Space & Communications (LORL), Mitel Networks (MITL), CalAmp (CAMP), Comtech Telecommunications (CMTL), Sierra Wireless (SWIR), Energous (WATT), Gilat Satellite Networks (GILT), Harmonic (HLIT) and Ceragon (CRNT).

(CASA) raised $78 million in an initial public offering (IPO) on Friday, December 15th 2017. The company issued 6,000,000 shares at $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.

Casa Systems' lock-up period expires on Wednesday, June 13th. Casa Systems had issued 6,000,000 shares in its public offering 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 major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Headlines about CASA stock have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Casa Systems earned a coverage optimism score of 0.09 on Accern's scale. They also assigned headlines about the company an impact score of 45.38 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.

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.

One share of CASA stock can currently be purchased for approximately $29.80.

Casa Systems has a market capitalization of $2.46 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.

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]