NASDAQ:CASA Casa Systems Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Casa Systems Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $3.71 -0.09 (-2.37 %) (As of 09/25/2020 11:19 AM ET) Add Compare Share Today's Range$3.67Now: $3.71▼$3.7950-Day Range$3.94MA: $4.80▼$6.0352-Week Range$1.85Now: $3.71▼$8.03Volume3,495 shsAverage Volume463,707 shsMarket Capitalization$308.43 millionP/E RatioN/ADividend YieldN/ABeta0.99 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Casa Systems, Inc. provides software-centric broadband products in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers solutions that allow cable service providers to deliver voice, video, and data services over a single platform at multi-gigabit speeds. It also provides solutions for next-generation centralized, distributed, and virtualized architectures for cable broadband, fixed-line broadband, and wireless networks. Casa Systems, Inc. was founded in 2003 and is headquartered in Andover, Massachusetts.Read More Beat the Market (BTM) Rank™ 3.0 Analyst's Opinion Consensus RatingCasa Systems has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 3 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $6.00, Casa Systems has a forecasted upside of 57.9% from its current price of $3.80.Amount of Analyst CoverageCasa Systems has only been the subject of 2 research reports in the past 90 days. Previous Next 2.3 Community Rank Outperform VotesCasa Systems has received 346 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCasa Systems has received 414 “underperform” votes. (Add your “underperform” vote.)Community SentimentCasa Systems has received 54.47% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Casa Systems and other stocks. Vote “Outperform” if you believe CASA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CASA will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 0.0 Dividend Strength Dividend YieldCasa Systems does not currently pay a dividend.Dividend GrowthCasa Systems does not have a long track record of dividend growth. Previous Next 2.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Casa Systems insiders have not sold or bought any company stock.Percentage Held by Insiders63.90% of the stock of Casa Systems is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions71.51% of the stock of Casa Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Casa Systems are expected to grow in the coming year, from ($0.08) to $0.13 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Casa Systems is -8.64, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Casa Systems is -8.64, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioCasa Systems has a P/B Ratio of 8.26. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.0Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 2.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.59 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Radio & t.v. communications equipment Sub-IndustryN/A SectorConsumer Discretionary Current SymbolNASDAQ:CASA Previous Symbol CUSIPN/A CIK1333835 Webwww.casa-systems.com Phone978-688-6706Debt Debt-to-Equity Ratio7.15 Current Ratio3.59 Quick Ratio2.58Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$282.30 million Price / Sales1.09 Cash Flow$0.11 per share Price / Cash Flow33.88 Book Value$0.46 per share Price / Book8.07Profitability EPS (Most Recent Fiscal Year)($0.05) Net Income$-48,210,000.00 Net Margins-9.96% Return on Equity-7.87% Return on Assets-0.81%Miscellaneous Employees777 Outstanding Shares83,135,000Market Cap$308.43 million Next Earnings Date10/29/2020 (Estimated) OptionableOptionable $3.71 -0.09 (-2.37 %) (As of 09/25/2020 11:19 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive CASA News and Ratings via Email Sign-up to receive the latest news and ratings for CASA and its competitors with MarketBeat's FREE daily newsletter. Casa Systems (NASDAQ:CASA) Frequently Asked Questions How has Casa Systems' stock price been impacted by Coronavirus? 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 66.4% and is now trading at $3.71. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Casa Systems? 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. When is Casa Systems' next earnings date? Casa Systems is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020. View our earnings forecast for Casa Systems. How were Casa Systems' earnings last quarter? Casa Systems Inc (NASDAQ:CASA) posted its earnings results on Thursday, July, 30th. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.03) by $0.04. The company had revenue of $83.35 million for the quarter, compared to analyst estimates of $79.50 million. Casa Systems had a negative net margin of 9.96% and a negative return on equity of 7.87%. View Casa Systems' earnings history. What guidance has Casa Systems issued on next quarter's earnings? Casa Systems updated its FY 2020 After-Hours earnings guidance on Thursday, July, 30th. The company provided earnings per share (EPS) guidance of 0.00-0.12 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.03. The company issued revenue guidance of $340-360 million, compared to the consensus revenue estimate of $352.94 million. What price target have analysts set for CASA? 5 equities research analysts have issued twelve-month price targets for Casa Systems' shares. Their forecasts range from $5.00 to $8.00. On average, they expect Casa Systems' stock price to reach $6.00 in the next year. This suggests a possible upside of 61.7% from the stock's current price. View analysts' price targets for Casa Systems. Are investors shorting Casa Systems? Casa Systems saw a increase in short interest in August. As of August 14th, there was short interest totaling 2,030,000 shares, an increase of 44.0% from the July 30th total of 1,410,000 shares. Based on an average trading volume of 313,200 shares, the short-interest ratio is presently 6.5 days. Approximately 6.8% of the company's shares are short sold. View Casa Systems' Short Interest. Who are some of Casa Systems' key competitors? Some companies that are related to Casa Systems include Harmonic (HLIT), Cambium Networks (CMBM), Loral Space & Communications Ltd. (LORL), Sierra Wireless (SWIR), Comtech Telecomm. (CMTL), Gilat Satellite Networks (GILT), CalAmp (CAMP), Ceragon Networks (CRNT), KVH Industries (KVHI), Vuzix (VUZI), Airgain (AIRG), Energous (WATT), Aviat Networks (AVNW), PC Tel (PCTI) and SGOCO Group (SGOC). View all competitors. What other stocks do shareholders of Casa Systems own? 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), Advanced Energy Industries (AEIS), Corus Entertainment (CJREF), KLA (KLAC), Square (SQ), Thor Industries (THO) and SP Plus (SP). Who are Casa Systems' key executives? Casa Systems' management team includes the following people: Mr. Jerry Guo, Founder, Chairman, Pres, CEO & Sec. (Age 56)Ms. Lucy Xie, Sr. VP of Operations & Director (Age 53)Mr. Weidong Chen, CTO & Director (Age 52)Mr. Maurizio Nicolelli, Chief Financial Officer (Age 51)Ms. Monica Gould, Head of Investor Relations When did Casa Systems IPO? (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 served as the underwriters for the IPO and Raymond James, Stifel, Macquarie Capital, Northland Capital Markets and William Blair were co-managers. What is Casa Systems' stock symbol? Casa Systems trades on the NASDAQ under the ticker symbol "CASA." Who are Casa Systems' major shareholders? Casa Systems' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (1.56%), Formula Growth Ltd. (1.44%), Jacobs Levy Equity Management Inc. (0.43%), Two Sigma Advisers LP (0.35%), Assenagon Asset Management S.A. (0.27%) and Goldman Sachs Group Inc. (0.26%). View institutional ownership trends for Casa Systems. Which institutional investors are selling Casa Systems stock? CASA stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, and Two Sigma Advisers LP. View insider buying and selling activity for Casa Systems. Which institutional investors are buying Casa Systems stock? CASA stock was purchased by a variety of institutional investors in the last quarter, including Jacobs Levy Equity Management Inc., Formula Growth Ltd., Goldman Sachs Group Inc., Jane Street Group LLC, FMR LLC, FMR LLC, Assenagon Asset Management S.A., and Russell Investments Group Ltd.. View insider buying and selling activity for Casa Systems. How do I buy shares of 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. What is Casa Systems' stock price today? One share of CASA stock can currently be purchased for approximately $3.71. How big of a company is Casa Systems? Casa Systems has a market capitalization of $308.43 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. What is Casa Systems' official website? The official website for Casa Systems is www.casa-systems.com. How can I contact Casa Systems? 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] This page was last updated on 9/25/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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