NASDAQ:CASA

Casa Systems - CASA Stock Forecast, Price & News

$3.13

-0.07 (-2.19%)

(As of 09/30/2022 05:19 PM ET)

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Today's Range: $3.13
▼
$3.32
50-Day Range: $3.18
▼
$4.74
52-Week Range: $3.12
▼
$7.18

Volume: 110,844 shs
Average Volume: 1.56 million shs
Market Capitalization: $294.78 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $6.38

Casa Systems MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 103.7% Upside
$6.38 Price Target
Short Interest: Bearish
7.39% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.07
Upright™ Environmental Score
News Sentiment: 0.35
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.69) to $0.16 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.09 out of 5 stars

Consumer Discretionary Sector

191st out of 282 stocks

Radio & T.V. Communications Equipment Industry

15th out of 26 stocks

3.3

Analyst's Opinion

Consensus Rating
Casa Systems has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $6.38, Casa Systems has a forecasted upside of 103.7% from its current price of $3.13.
Amount of Analyst Coverage
Casa Systems has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
7.39% of the float of Casa Systems has been sold short.
Short Interest Ratio / Days to Cover
Casa Systems has a short interest ratio ("days to cover") of 9.6.
Change versus previous month
Short interest in Casa Systems has recently increased by 4.07%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Casa Systems does not currently pay a dividend.
Dividend Growth
Casa Systems does not have a long track record of dividend growth.

3.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Casa Systems has received a 47.63% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Corporate internet network provision", "Fixed consumer internet provision", "Telecommunications network installation for 5G networks", "Mobile consumer internet provision", and "Wireless access points" products. See details.
Environmental Sustainability
The Environmental Impact score for Casa Systems is -1.07.

1.9

News and Social Media Coverage

News Sentiment
Casa Systems has a news sentiment score of 0.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Casa Systems this week, compared to 2 articles on an average week.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Casa Systems insiders have not sold or bought any company stock.
Percentage Held by Insiders
65.10% 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 Institutions
74.50% of the stock of Casa Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Casa Systems are expected to grow in the coming year, from ($0.69) to $0.16 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Casa Systems is -5.59, 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. Sector
The P/E ratio of Casa Systems is -5.59, 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 Ratio
Casa Systems has a P/B Ratio of 3.29. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Casa Systems (NASDAQ:CASA) Stock

Casa Systems, Inc., a communications technology company, provides solutions for next-generation physical, virtualized, and cloud native architectures for cable broadband, fixed-line broadband, and wireless networks in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. It offers converged cable access platforms; wireless network core products, such as virtual evolved packet and 5G core products, as well as small cell solutions, axyom element management system, and fixed wireless access devices; and virtual, centralized, and distributed deployment, and bandwidth capacity expansion systems. The company also provides optical access solutions, virtualized broadband network gateway router and multiservice router, fiber extension, and residential broadband gateways; and machine-to-machine and industrial internet of things routers. The company was incorporated in 2003 and is headquartered in Andover, Massachusetts.

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CASA Stock News Headlines

September 30, 2022 | msn.com

Reno Food Systems granted gift to support their mission

September 30, 2022 | forbes.com

Casa Systems

September 29, 2022 | msn.com

4 young CSU Pueblo alumni to be recognized as part of homecoming week festivities

September 26, 2022 | ca.finance.yahoo.com

THE NEW ABNORMAL: NEW STUDY FINDS POST-SECONDARY STUDENTS STRUGGLING TO MANAGE MENTAL HEALTH

September 26, 2022 | americanbankingnews.com

BlackSky Technology (NYSE:BKSY) and Casa Systems (NASDAQ:CASA) Head-To-Head Survey

September 20, 2022 | time.com

How Solar Power Is Helping Some Puerto Rico Homes Avoid Hurricane Fiona Blackouts

September 19, 2022 | it.tmcnet.com

USD 1.92 Bn Growth in Multefire Market, Majority of Market Growth to Originate from North America - Technavio

September 17, 2022 | msn.com

Meet our Mid-Valley: Local foster child advocate takes on national role

September 8, 2022 | msn.com

Best Cenotes near Tulum

September 6, 2022 | nasdaq.com

We Think Casa Systems (NASDAQ:CASA) Has A Fair Chunk Of Debt

August 23, 2022 | msn.com

California’s water from Colorado River could be crippled by a big earthquake. Drought makes fixes vital

August 23, 2022 | finance.yahoo.com

Casa Systems and Google Cloud to Advance Cloud-Native Software and Service Offerings

August 18, 2022 | msn.com

Casa Systems Return On Capital Employed Insights

August 11, 2022 | msn.com

Casa Bonita’s $12 million renovation: Photos and documents reveal costly plans

August 7, 2022 | seekingalpha.com

Casa Systems, Inc. (CASA) CEO Jerry Guo on Q2 2022 Results - Earnings Call Transcript

August 5, 2022 | seekingalpha.com

Casa Systems Q2 2022 Earnings Preview

August 4, 2022 | finance.yahoo.com

Casa Systems (CASA) Reports Q2 Loss, Misses Revenue Estimates

August 4, 2022 | finance.yahoo.com

Casa Systems Reports Second Quarter 2022 Financial Results

July 21, 2022 | finance.yahoo.com

Casa Systems to Release Second Quarter 2022 Results on August 4, 2022

July 20, 2022 | msn.com

Local pawn shop seeing increase in customers as inflation hits 9.1%

July 15, 2022 | proactiveinvestors.com

Casa Minerals is getting set to prove that there is more gold in the ground at the historic Congress mine

July 13, 2022 | finance.yahoo.com

Investors in Casa Systems (NASDAQ:CASA) have unfortunately lost 54% over the last year

June 25, 2022 | msn.com

Money Heist: Korea Series-Premiere Recap: Welcome to K-Capitalism

June 14, 2022 | finance.yahoo.com

Casa Systems joins LOT Network in a proactive measure against the threat of patent trolls

June 11, 2022 | theglobeandmail.com

Instrument Name Casa Systems Inc Instrument Symbol (CASA-Q)

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30 days | 90 days | 365 days | Advanced Chart

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CASA Company Calendar

Last Earnings: 8/04/2022
Today: 9/30/2022
Next Earnings (Estimated): 11/01/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Radio & t.v. communications equipment
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NASDAQ:CASA
CUSIP: N/A
CIK: 1333835
Web: www.casa-systems.com
Phone: (978) 688-6706
Fax: 978-688-6584
Employees: 1,004
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $6.38
High Stock Price Forecast: $8.00
Low Stock Price Forecast: $4.00
Forecasted Upside/Downside: +103.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.56)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $3.21 million
Net Margins: -14.32%
Pretax Margin: -13.99%
Return on Equity: -69.55%
Return on Assets: -11.14%

Debt

Debt-to-Equity Ratio: 3.73
Current Ratio: 3.78
Quick Ratio: 2.93

Sales & Book Value

Annual Sales: $401.33 million
Price / Sales: 0.73
Cash Flow: $0.21 per share
Price / Cash Flow: 15.15
Book Value: $0.95 per share
Price / Book: 3.29

Miscellaneous

Outstanding Shares: 94,180,000
Free Float: 32,869,000
Market Cap: $294.78 million
Optionable: Optionable
Beta: 1.05

Key Executives

Mr. Jerry Guo (Age 59)
Founder, Chairman, Pres, CEO & Sec.
Comp: $1.77M

Ms. Lucy Xie (Age 56)
Sr. VP of Operations & Director
Comp: $755.13k

Mr. Weidong Chen (Age 55)
Chief Technology Officer
Comp: $755.13k

Mr. Edward M. Durkin (Age 61)
Chief Financial Officer

Mr. Matthew Slepian (Age 57)
Corp. Controller & Principal Accounting Officer

Mr. Michael Picariello
Director of Investor Relations

Mr. Timothy C. Rodenberger
Gen. Counsel

Ms. Cheryl George
VP of HR

Mr. Abraham Pucheril (Age 56)
Sr. VP of Product Strategy & Management

Mr. Alfredo T. de Cardenas (Age 57)
Chief Customer Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CASA Stock - Frequently Asked Questions

Should I buy or sell Casa Systems stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Casa Systems in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CASA shares.
View CASA analyst ratings or view top-rated stocks.
What is Casa Systems' stock price forecast for 2022?: 4 brokers have issued 1 year price targets for Casa Systems' stock. Their CASA share price forecasts range from $4.00 to $8.00. On average, they expect the company's share price to reach $6.38 in the next year. This suggests a possible upside of 99.2% from the stock's current price.
View analysts price targets for CASA or view top-rated stocks among Wall Street analysts.
How have CASA shares performed in 2022?: Casa Systems' stock was trading at $5.67 on January 1st, 2022. Since then, CASA stock has decreased by 43.6% and is now trading at $3.20.
View the best growth stocks for 2022 here.
When is Casa Systems' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our CASA earnings forecast.
How were Casa Systems' earnings last quarter?: Casa Systems, Inc. (NASDAQ:CASA) announced its quarterly earnings results on Thursday, August, 4th. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.03. The company earned $70.84 million during the quarter, compared to analysts' expectations of $74.95 million. Casa Systems had a negative trailing twelve-month return on equity of 69.55% and a negative net margin of 14.32%.
What is Jerry Guo's approval rating as Casa Systems' CEO?: 34 employees have rated Casa Systems Chief Executive Officer Jerry Guo on Glassdoor.com. Jerry Guo has an approval rating of 54% among the company's employees. This puts Jerry Guo in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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), Corus Entertainment (CJREF), Lam Research (LRCX), Advanced Energy Industries (AEIS), KLA (KLAC), SP Plus (SP), Block (SQ) and Thor Industries (THO).
When did Casa Systems IPO?: (CASA) raised $78 million in an 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.
What is Casa Systems' stock symbol?: Casa Systems trades on the NASDAQ under the ticker symbol "CASA."
How do I buy shares of Casa Systems?: Shares of CASA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Casa Systems' stock price today?: One share of CASA stock can currently be purchased for approximately $3.20.
How much money does Casa Systems make?: Casa Systems (NASDAQ:CASA) has a market capitalization of $301.38 million and generates $401.33 million in revenue each year. The company earns $3.21 million in net income (profit) each year or ($0.56) on an earnings per share basis.
How many employees does Casa Systems have?: The company employs 1,004 workers across the globe.
How can I contact Casa Systems?: Casa Systems' mailing address is 100 OLD RIVER ROAD, ANDOVER MA, 01810. The official website for the company is www.casa-systems.com. The company can be reached via phone at (978) 688-6706, via email at investorrelations@casa-systems.com, or via fax at 978-688-6584.

This page (NASDAQ:CASA) was last updated on 9/30/2022 by MarketBeat.com Staff

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Casa Systems - CASA Stock Forecast, Price & News

Casa Systems MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month