S&P 500   4,228.48 (-1.29%)
DOW   33,706.74 (-0.86%)
QQQ   322.86 (-1.95%)
AAPL   171.52 (-1.51%)
MSFT   286.15 (-1.39%)
META   167.96 (-3.84%)
GOOGL   117.21 (-2.46%)
AMZN   138.23 (-2.86%)
TSLA   890.00 (-2.05%)
NVDA   178.49 (-4.92%)
NIO   19.05 (-4.32%)
BABA   89.63 (-1.22%)
AMD   95.95 (-4.47%)
T   18.43 (+0.00%)
MU   60.51 (-3.92%)
CGC   3.82 (+0.26%)
F   15.88 (-1.67%)
GE   77.72 (-1.88%)
DIS   120.14 (-2.06%)
AMC   18.02 (-6.58%)
PYPL   96.56 (-3.30%)
PFE   49.15 (+1.17%)
NFLX   241.16 (-1.64%)
S&P 500   4,228.48 (-1.29%)
DOW   33,706.74 (-0.86%)
QQQ   322.86 (-1.95%)
AAPL   171.52 (-1.51%)
MSFT   286.15 (-1.39%)
META   167.96 (-3.84%)
GOOGL   117.21 (-2.46%)
AMZN   138.23 (-2.86%)
TSLA   890.00 (-2.05%)
NVDA   178.49 (-4.92%)
NIO   19.05 (-4.32%)
BABA   89.63 (-1.22%)
AMD   95.95 (-4.47%)
T   18.43 (+0.00%)
MU   60.51 (-3.92%)
CGC   3.82 (+0.26%)
F   15.88 (-1.67%)
GE   77.72 (-1.88%)
DIS   120.14 (-2.06%)
AMC   18.02 (-6.58%)
PYPL   96.56 (-3.30%)
PFE   49.15 (+1.17%)
NFLX   241.16 (-1.64%)
S&P 500   4,228.48 (-1.29%)
DOW   33,706.74 (-0.86%)
QQQ   322.86 (-1.95%)
AAPL   171.52 (-1.51%)
MSFT   286.15 (-1.39%)
META   167.96 (-3.84%)
GOOGL   117.21 (-2.46%)
AMZN   138.23 (-2.86%)
TSLA   890.00 (-2.05%)
NVDA   178.49 (-4.92%)
NIO   19.05 (-4.32%)
BABA   89.63 (-1.22%)
AMD   95.95 (-4.47%)
T   18.43 (+0.00%)
MU   60.51 (-3.92%)
CGC   3.82 (+0.26%)
F   15.88 (-1.67%)
GE   77.72 (-1.88%)
DIS   120.14 (-2.06%)
AMC   18.02 (-6.58%)
PYPL   96.56 (-3.30%)
PFE   49.15 (+1.17%)
NFLX   241.16 (-1.64%)
S&P 500   4,228.48 (-1.29%)
DOW   33,706.74 (-0.86%)
QQQ   322.86 (-1.95%)
AAPL   171.52 (-1.51%)
MSFT   286.15 (-1.39%)
META   167.96 (-3.84%)
GOOGL   117.21 (-2.46%)
AMZN   138.23 (-2.86%)
TSLA   890.00 (-2.05%)
NVDA   178.49 (-4.92%)
NIO   19.05 (-4.32%)
BABA   89.63 (-1.22%)
AMD   95.95 (-4.47%)
T   18.43 (+0.00%)
MU   60.51 (-3.92%)
CGC   3.82 (+0.26%)
F   15.88 (-1.67%)
GE   77.72 (-1.88%)
DIS   120.14 (-2.06%)
AMC   18.02 (-6.58%)
PYPL   96.56 (-3.30%)
PFE   49.15 (+1.17%)
NFLX   241.16 (-1.64%)
NASDAQ:CASA

Casa Systems - CASA Stock Forecast, Price & News

$4.17
-0.15 (-3.47%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$4.14
$4.35
50-Day Range
$3.56
$4.74
52-Week Range
$3.39
$7.53
Volume
221,236 shs
Average Volume
1.81 million shs
Market Capitalization
$392.73 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
52.9% Upside
$6.38 Price Target
Short Interest
Bearish
7.67% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.07
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Acquiring Shares
$529,251 Bought Last Quarter
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.

2.45 out of 5 stars

Consumer Discretionary Sector

118th out of 289 stocks

Radio & T.V. Communications Equipment Industry

12th out of 25 stocks

CASA stock logo

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.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barclays cut their price target on Casa Systems from $8.00 to $7.00 and set an "overweight" rating for the company in a research note on Monday, August 8th. Northland Securities downgraded Casa Systems from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $6.00 to $4.00 in a research note on Monday, August 8th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Casa Systems currently has an average rating of "Moderate Buy" and an average price target of $6.38.

Casa Systems Stock Up 2.1 %

CASA opened at $4.32 on Friday. The company has a market capitalization of $406.86 million, a PE ratio of -7.71 and a beta of 1.03. The firm has a 50-day simple moving average of $4.14 and a two-hundred day simple moving average of $4.32. The company has a quick ratio of 2.93, a current ratio of 3.78 and a debt-to-equity ratio of 3.73. Casa Systems has a 52 week low of $3.39 and a 52 week high of $7.53.

Insider Buying and Selling

In other news, Director William C. Styslinger III purchased 83,923 shares of the company's stock in a transaction that occurred on Wednesday, May 25th. The stock was bought at an average cost of $4.01 per share, with a total value of $336,531.23. Following the completion of the purchase, the director now owns 653,136 shares in the company, valued at $2,619,075.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 65.10% of the stock is owned by company insiders.

Receive CASA Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Casa Systems and its competitors with MarketBeat's FREE daily newsletter.

CASA Stock News Headlines

Barclays Trims Casa Systems (NASDAQ:CASA) Target Price to $7.00
Casa Systems Q2 2022 Earnings Preview
Casa Systems (CASA) Scheduled to Post Earnings on Thursday
See More Headlines
Receive CASA Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Casa Systems and its competitors with MarketBeat's FREE daily newsletter.

CASA Company Calendar

Last Earnings
11/01/2021
Today
8/19/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:CASA
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
+52.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$3.21 million
Pretax Margin
-13.99%

Debt

Sales & Book Value

Annual Sales
$401.33 million
Cash Flow
$0.21 per share
Book Value
$0.78 per share

Miscellaneous

Free Float
32,869,000
Market Cap
$392.73 million
Optionable
Optionable
Beta
1.03

Key Executives

  • Mr. Jerry Guo (Age 59)
    Founder, Chairman, Pres, CEO & Sec.
    Comp: $1.77M
  • Ms. Lucy XieMs. Lucy Xie (Age 56)
    Sr. VP of Operations & Director
    Comp: $755.13k
  • Mr. Weidong ChenMr. 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













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 twelve months. 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 twelve-month price targets for Casa Systems' shares. Their CASA share price forecasts range from $4.00 to $8.00. On average, they predict the company's share price to reach $6.38 in the next year. This suggests a possible upside of 52.9% 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 shares have decreased by 26.5% and is now trading at $4.17.
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 data on Monday, November, 1st. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.05 by $0.10. The firm earned $99.22 million during the quarter, compared to the consensus estimate of $106.45 million. Casa Systems had a negative net margin of 14.32% and a negative trailing twelve-month return on equity of 69.55%. During the same period last year, the firm earned $0.04 EPS.

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 a price of $13.00 per share. Morgan Stanley and Barclays acted 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 retail and institutional investors. Top institutional investors include Benefit Street Partners LLC (2.33%), Peregrine Capital Management LLC (1.93%), State Street Corp (0.70%), FMR LLC (0.66%), Sei Investments Co. (0.53%) and Renaissance Technologies LLC (0.43%). Insiders that own company stock include Lucy Xie, Michael T Hayashi, Michael T Hayashi, Weidong Chen and William C Styslinger III.
View institutional ownership trends
.

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 $4.17.

How much money does Casa Systems make?

Casa Systems (NASDAQ:CASA) has a market capitalization of $392.73 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 8/19/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.