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

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

Casa Systems (NASDAQ:CASA) posted its earnings results on Tuesday, March, 6th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.32 by $0.22. The firm earned $117.96 million during the quarter, compared to the consensus estimate 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 EPS estimate of $1.04. The company issued revenue guidance of $380-$395 million, compared to the consensus revenue estimate of $386.66 million.

7 brokers have issued twelve-month price targets for Casa Systems' stock. Their predictions range from $23.00 to $27.00. On average, they expect Casa Systems' share price to reach $24.50 in the next twelve months. 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 daily trading volume, of 1,102,880 shares, the days-to-cover ratio is currently 1.6 days. Approximately 10.2% of the company's stock are short sold.

Some companies that are related to Casa Systems include 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 (CRNT), KVH Industries (KVHI), Vuzix (VUZI), PC-Tel (PCTI), Pointer Telocation (PNTR), SeaChange International (SEAC), Aviat Networks (AVNW) and Airgain (AIRG).

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

Media stories about CASA stock have been trending positive this week, according to Accern Sentiment. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Casa Systems earned a media sentiment score of 0.44 on Accern's scale. They also assigned news headlines about the company an impact score of 45.71 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

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 $2.46 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]