NASDAQ:CASA - Casa Systems Stock Price, Forecast & News

Casa Systems' stock was trading at $2.23 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CASA shares have increased by 53.4% and is now trading at $3.42. View which stocks have been mosted impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Casa Systems in the last year. There are currently 1 sell rating, 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, May 6th 2020. View our earnings forecast for Casa Systems.

Casa Systems Inc (NASDAQ:CASA) posted its quarterly earnings results on Thursday, February, 20th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.02) by $0.14. The firm had revenue of $112.89 million for the quarter, compared to analysts' expectations of $108.77 million. Casa Systems had a negative return on equity of 6.88% and a negative net margin of 17.08%. View Casa Systems' earnings history.

Casa Systems issued an update on its FY20 earnings guidance on Thursday, February, 20th. The company provided earnings per share (EPS) guidance of $0.00-0.12 for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.03). The company issued revenue guidance of $340-360 million, compared to the consensus revenue estimate of $380.57 million.

5 equities research analysts have issued 12-month target prices for Casa Systems' shares. Their forecasts range from $2.70 to $7.00. On average, they expect Casa Systems' share price to reach $5.23 in the next twelve months. This suggests a possible upside of 53.0% from the stock's current price. View analysts' price targets for Casa Systems.

News articles about CASA stock have been trending negative recently, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Casa Systems earned a news impact score of -2.1 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutCasa Systems.

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), KVH Industries (KVHI), CalAmp (CAMP), Cambium Networks (CMBM), SeaChange International (SEAC), PC Tel (PCTI), Ceragon Networks (CRNT), Airgain (AIRG), SGOCO Group (SGOC) and Aviat Networks (AVNW).

Based on aggregate information from My MarketBeat watchlists, some companies that other Casa Systems investors own include Applied Materials (AMAT), FTS International (FTSI), Lam Research (LRCX), Nektar Therapeutics (NKTR), Corus Entertainment (CJREF), Advanced Energy Industries (AEIS), KLA (KLAC), SP Plus (SP), Argan (AGX) and Micron Technology (MU).

(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 trades on the NASDAQ under the ticker symbol "CASA."

Casa Systems' stock is owned by many different institutional and retail investors. Top institutional investors include Alliancebernstein L.P. (4.10%), Hotchkis & Wiley Capital Management LLC (1.31%), State Street Corp (0.80%), Cooper Creek Partners Management LLC (0.70%), Geode Capital Management LLC (0.53%) and Jacobs Levy Equity Management Inc. (0.46%). Company insiders that own Casa Systems stock include 2012 Irrevocable Tru Dragonfly, Gary D Hall, Jerry Guo, Lucy Xie, Michael T Hayashi, 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 Renaissance Technologies LLC, Bank of New York Mellon Corp, Sei Investments Co., Bank of America Corp DE, Penserra Capital Management LLC, Geode Capital Management LLC, Citigroup Inc., and Nuveen Asset Management LLC. View insider buying and selling activity for Casa Systems.

CASA stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Assenagon Asset Management S.A., California Public Employees Retirement System, Jacobs Levy Equity Management Inc., Cooper Creek Partners Management LLC, FMR LLC, Goldman Sachs Group Inc., and Hotchkis & Wiley Capital Management 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 $3.42.

Casa Systems has a market capitalization of $286.70 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. View additional information about Casa Systems.

The official website for Casa Systems is http://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]