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

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

Casa Systems (NASDAQ:CASA) issued its quarterly earnings data on Thursday, May, 10th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.22 by $0.03. The business earned $89.10 million during the quarter, compared to analysts' expectations of $88.50 million. View Casa Systems' Earnings History.

Casa Systems updated its FY18 earnings guidance on Thursday, May, 10th. The company provided 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.

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

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

(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.

Casa Systems' lock-up period expires on Wednesday, June 13th. Casa Systems had issued 6,000,000 shares in its initial public offering on December 15th. The total size of the offering was $78,000,000 based on an initial share price of $13.00. After the expiration of the company's lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

News headlines about CASA stock have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Casa Systems earned a media sentiment score of 0.07 on Accern's scale. They also assigned headlines about the company an impact score of 47.59 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

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.

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.

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.

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 $20.76.

Casa Systems has a market capitalization of $1.70 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 SUITE 100, ANDOVER MA, 01810. The company can be reached via phone at 978-688-6706 or via email at [email protected]