Casa Systems - CASA Stock Forecast, Price & News

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
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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.

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.

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).

(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.

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

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.
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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.
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One share of CASA stock can currently be purchased for approximately $4.17.

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.

The company employs 1,004 workers across the globe.

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.