NASDAQ:CASACasa Systems Stock Price, Forecast & News

Casa Systems' stock was trading at $2.23 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CASA stock has increased by 104.5% and is now trading at $4.56. 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 earnings results on Thursday, April, 30th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by $0.02. The firm had revenue of $83.62 million for the quarter, compared to the consensus estimate 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 analysts have issued 1-year target prices for Casa Systems' stock. Their forecasts range from $4.00 to $7.00. On average, they expect Casa Systems' share price to reach $5.33 in the next year. This suggests a possible upside of 17.0% from the stock's current price. View analysts' price targets for Casa Systems.

News stories about CASA stock have trended extremely negative recently, InfoTrie reports. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Casa Systems earned a daily sentiment score of -5.0 on InfoTrie's scale. They also gave news articles 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 company's share price in the near term. View the latest news aboutCasa Systems.

Casa Systems saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 2,210,000 shares, a decline of 14.3% from the April 30th total of 2,580,000 shares. Based on an average daily trading volume, of 541,500 shares, the days-to-cover ratio is presently 4.1 days. Currently, 7.8% of the shares of the company are short sold. View Casa Systems' Current Options Chain.

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

Casa Systems' stock is owned by a number of institutional and retail investors. Top institutional investors include Alliancebernstein L.P. (5.83%), BlackRock Inc. (2.54%), Peregrine Capital Management LLC (1.52%), State Street Corp (0.83%), Disciplined Growth Investors Inc. MN (0.79%) and Geode Capital Management LLC (0.56%). View institutional ownership trends for Casa Systems.

CASA stock was sold by a variety of institutional investors in the last quarter, including VIEX Capital Advisors LLC, Morgan Stanley, Two Sigma Investments LP, Assenagon Asset Management S.A., Deutsche Bank AG, Engineers Gate Manager LP, JPMorgan Chase & Co., and UBS Group AG. View insider buying and selling activity for Casa Systems.

CASA stock was bought by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Peregrine Capital Management LLC, GSA Capital Partners LLP, Disciplined Growth Investors Inc. MN, Nuveen Asset Management LLC, RMB Capital Management LLC, Los Angeles Capital Management & Equity Research Inc., and IndexIQ Advisors LLC. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of CASA stock can currently be purchased for approximately $4.56.

Casa Systems has a market capitalization of $378.66 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]