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

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

Casa Systems Inc (NASDAQ:CASA) released its quarterly earnings data on Wednesday, November, 7th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.08. The firm earned $71.50 million during the quarter, compared to analyst estimates of $75.88 million. Casa Systems had a return on equity of 109.09% and a net margin of 17.93%. The business's quarterly revenue was down 24.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. View Casa Systems' Earnings History.

Casa Systems is scheduled to release their next quarterly earnings announcement on Thursday, February 21st 2019. View Earnings Estimates for Casa Systems.

Casa Systems will be holding an earnings conference call on Thursday, February 21st at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8774074019.

Casa Systems issued an update on its fourth quarter earnings guidance on Thursday, January, 17th. The company provided EPS guidance of $0.13-$0.17 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.20. The company issued revenue guidance of $63-$69 million, compared to the consensus revenue estimate of $104.44 million.

7 analysts have issued 12-month target prices for Casa Systems' stock. Their forecasts range from $11.00 to $25.00. On average, they expect Casa Systems' stock price to reach $17.2857 in the next year. This suggests a possible upside of 44.3% from the stock's current price. View Analyst Price Targets for Casa Systems.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Casa Systems in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Casa Systems.

Media headlines about CASA stock have trended somewhat positive this week, according to InfoTrie Sentiment. The research group scores the sentiment of news coverage by monitoring 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 news sentiment score of 1.7 on InfoTrie's scale. They also gave headlines about the company a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the company's share price in the immediate future.

Casa Systems saw a decrease in short interest during the month of January. As of January 31st, there was short interest totalling 1,224,773 shares, a decrease of 36.7% from the January 15th total of 1,936,171 shares. Based on an average daily trading volume, of 742,191 shares, the days-to-cover ratio is currently 1.7 days. Approximately 4.8% of the shares of the company are sold short. View Casa Systems' Current Options Chain.

Some companies that are related to Casa Systems include Echostar (SATS), Mitel Networks (MITL), Loral Space & Communications Ltd. (LORL), Comtech Telecomm. (CMTL), CalAmp (CAMP), Gilat Satellite Networks (GILT), Harmonic (HLIT), Sierra Wireless (SWIR), Maxar Technologies (MAXR), Ceragon Networks (CRNT), Energous (WATT), KVH Industries (KVHI), Airgain (AIRG), Pointer Telocation (PNTR) and Vuzix (VUZI).

(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 many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (2.08%), Thornburg Investment Management Inc. (1.41%), Elk Creek Partners LLC (1.29%), Peregrine Capital Management LLC (0.66%), Two Sigma Advisers LP (0.46%) and Geode Capital Management LLC (0.45%). Company insiders that own Casa Systems stock include 2012 Irrevocable Tru Dragonfly, Bruce R Evans, Gary D Hall, Jerry Guo, Lucy Xie, 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 Two Sigma Investments LP, Elk Creek Partners LLC, Legal & General Group Plc, Bank of America Corp DE, Thornburg Investment Management Inc., SG Americas Securities LLC, Gotham Asset Management LLC and Two Sigma Advisers LP. Company insiders that have sold Casa Systems company stock in the last year include 2012 Irrevocable Tru Dragonfly, Gary D Hall, Jerry Guo, Lucy Xie, Peter Y Chung and Weidong Chen. View Insider Buying and Selling for Casa Systems.

CASA stock was acquired by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Bank of New York Mellon Corp, Barclays PLC, Geode Capital Management LLC, Millennium Management LLC, D. E. Shaw & Co. Inc., California Public Employees Retirement System and Rhumbline Advisers. Company insiders that have bought Casa Systems stock in the last two years include Bruce R Evans and Jerry Guo. 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, Scottrade, Fidelity and Charles Schwab.

One share of CASA stock can currently be purchased for approximately $11.98.

Casa Systems has a market capitalization of $1.03 billion and generates $351.58 million in revenue each year. The company earns $88.50 million in net income (profit) each year or $0.79 on an earnings per share basis. Casa Systems employs 680 workers across the globe.

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]