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

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

Casa Systems Inc (NASDAQ:CASA) posted its quarterly earnings data on Thursday, October, 31st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.13. The firm had revenue of $81.80 million for the quarter, compared to analyst estimates of $108.08 million. Casa Systems had a negative return on equity of 6.17% and a negative net margin of 17.08%. The firm's quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 EPS. View Casa Systems' Earnings History.

Casa Systems is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Casa Systems.

Casa Systems updated its FY20 earnings guidance on Thursday, February, 20th. The company provided 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.

6 brokerages have issued 12 month price targets for Casa Systems' stock. Their forecasts range from $6.00 to $12.00. On average, they expect Casa Systems' share price to reach $8.00 in the next twelve months. This suggests a possible upside of 90.5% from the stock's current price. View Analyst Price Targets for Casa Systems.

6 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Casa Systems.

Headlines about CASA stock have trended neutral recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Casa Systems earned a news sentiment score of 0.4 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 9.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Casa Systems.

Casa Systems saw a increase in short interest in January. As of January 31st, there was short interest totalling 2,270,000 shares, an increase of 53.4% from the January 15th total of 1,480,000 shares. Based on an average trading volume of 762,200 shares, the days-to-cover ratio is currently 3.0 days. Currently, 8.0% of the shares of the company are short sold. View Casa Systems' Current Options Chain.

Some companies that are related to Casa Systems include Loral Space & Communications Ltd. (LORL), Maxar Technologies (MAXR), Comtech Telecomm. (CMTL), Harmonic (HLIT), Gilat Satellite Networks (GILT), CalAmp (CAMP), Sierra Wireless (SWIR), KVH Industries (KVHI), Cambium Networks (CMBM), PC Tel (PCTI), SeaChange International (SEAC), Ceragon Networks (CRNT), Pointer Telocation (PNTR), Airgain (AIRG) 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 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 served as the underwriters for the IPO and Raymond James, Stifel, Macquarie Capital, Northland Capital Markets and William Blair were co-managers.

Casa Systems' stock is owned by a number of of retail and institutional investors. Top institutional shareholders 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 and Citigroup Inc.. View Insider Buying and Selling for Casa Systems.

CASA stock was purchased 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 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 $4.20.

Casa Systems has a market capitalization of $352.09 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]