NASDAQ:CASA - Casa Systems Stock Price, Price Target & More

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

Casa Systems (NASDAQ:CASA) released its earnings results on Tuesday, March, 6th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.32 by $0.22. The company earned $117.96 million during the quarter, compared to analysts' expectations of $101.43 million. View Casa Systems' Earnings History.

Casa Systems issued an update on its FY18 earnings guidance on Tuesday, March, 6th. The company provided earnings per share guidance of $1.08-$1.19 for the period, compared to the Thomson Reuters consensus estimate of $1.04. The company issued revenue guidance of $380-$395 million, compared to the consensus revenue estimate of $386.66 million.

7 equities research analysts have issued 12-month price objectives for Casa Systems' shares. Their forecasts range from $23.00 to $27.00. On average, they anticipate Casa Systems' share price to reach $24.50 in the next year. View Analyst Ratings for Casa Systems.

Casa Systems saw a increase in short interest during the month of March. As of March 29th, there was short interest totalling 1,794,920 shares, an increase of 199.2% from the March 15th total of 599,995 shares. Based on an average trading volume of 1,102,880 shares, the days-to-cover ratio is presently 1.6 days. Approximately 10.2% of the shares of the company are short sold.

Some companies that are related to Casa Systems include Echostar (SATS), ARRIS Group (ARRS), Viasat (VSAT), Maxar Technologies (MAXR), Loral Space & Communications (LORL), Mitel Networks (MITL), CalAmp (CAMP), Comtech Telecommunications (CMTL), Sierra Wireless (SWIR), Energous (WATT), Gilat Satellite Networks (GILT), Harmonic (HLIT), Ceragon Networks (CRNT), KVH Industries (KVHI), Vuzix (VUZI), PC Tel (PCTI), Pointer Telocation (PNTR) and SeaChange International (SEAC).

(CASA) raised $78 million in an initial public offering on Friday, December 15th 2017. The company issued 6,000,000 shares at $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.

Casa Systems' lock-up period expires on Wednesday, June 13th. Casa Systems had issued 6,000,000 shares in its IPO on December 15th. The total size of the offering was $78,000,000 based on an initial share price of $13.00. After the end of the company's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

News coverage about CASA stock has been trending somewhat positive on Friday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Casa Systems earned a news sentiment score of 0.11 on Accern's scale. They also gave news headlines about the company an impact score of 45.50 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

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 $30.12.

Casa Systems has a market capitalization of $2.68 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.

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]