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

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

Casa Systems Inc (NASDAQ:CASA) posted its quarterly earnings results on Thursday, October, 31st. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.10 by $0.13. The business had revenue of $81.80 million for the quarter, compared to analyst estimates of $108.08 million. Casa Systems had a positive return on equity of 0.01% and a negative net margin of 3.22%. Casa Systems's quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the firm posted $0.22 EPS. View Casa Systems' Earnings History.

Casa Systems is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for Casa Systems.

Casa Systems issued an update on its FY19 earnings guidance on Thursday, October, 31st. The company provided earnings per share guidance of ($0.25)-(0.15) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.24. The company issued revenue guidance of $255-270 million, compared to the consensus revenue estimate of $325.25 million.

8 brokerages have issued 1 year price targets for Casa Systems' shares. Their forecasts range from $7.00 to $14.00. On average, they anticipate Casa Systems' share price to reach $10.17 in the next year. This suggests a possible upside of 163.4% from the stock's current price. View Analyst Price Targets for Casa Systems.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Casa Systems in the last year. There are currently 1 sell rating, 6 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Casa Systems.

Headlines about CASA stock have trended somewhat positive recently, according to InfoTrie. The research group scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Casa Systems earned a coverage optimism score of 0.7 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Casa Systems.

Casa Systems saw a increase in short interest in December. As of December 13th, there was short interest totalling 1,550,000 shares, an increase of 11.5% from the November 28th total of 1,390,000 shares. Based on an average trading volume of 565,300 shares, the days-to-cover ratio is currently 2.7 days. Currently, 5.4% of the shares of the stock are sold short. View Casa Systems' Current Options Chain.

Some companies that are related to Casa Systems include Maxar Technologies (MAXR), Loral Space & Communications Ltd. (LORL), Comtech Telecomm. (CMTL), Harmonic (HLIT), Gilat Satellite Networks (GILT), Sierra Wireless (SWIR), CalAmp (CAMP), Cambium Networks (CMBM), KVH Industries (KVHI), Ceragon Networks (CRNT), PC Tel (PCTI), SeaChange International (SEAC), Pointer Telocation (PNTR), Airgain (AIRG) and Aviat Networks (AVNW).

Based on aggregate information from My MarketBeat watchlists, some companies that other Casa Systems investors own include Applied Materials (AMAT), FTS International (FTSI), Lam Research (LRCX), Nektar Therapeutics (NKTR), Corus Entertainment (CJREF), Advanced Energy Industries (AEIS), KLA (KLAC), Micron Technology (MU), SP Plus (SP) and Argan (AGX).

(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 a number of of institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.37%). Company insiders that own Casa Systems stock include 2012 Irrevocable Tru Dragonfly, Gary D Hall, Jerry Guo, Lucy Xie, Michael T Hayashi, Peter Y Chung and Weidong Chen. View Institutional Ownership Trends for Casa Systems.

CASA stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A.. 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, Robinhood, Fidelity and Charles Schwab.

One share of CASA stock can currently be purchased for approximately $3.86.

Casa Systems has a market capitalization of $323.58 million and generates $297.13 million in revenue each year. The company earns $73.01 million in net income (profit) each year or $0.80 on an earnings per share basis. Casa Systems employs 777 workers across the globe.View Additional Information About Casa Systems.

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]