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

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

Casa Systems Inc (NASDAQ:CASA) issued its earnings results on Thursday, October, 31st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.10 by $0.13. The firm earned $81.80 million during the quarter, compared to the consensus estimate of $108.08 million. Casa Systems had a positive return on equity of 0.01% and a negative net margin of 3.22%. The company's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the firm posted $0.22 earnings per share. 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 updated its FY 2019 Pre-Market earnings guidance on Friday, January, 24th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $275-280 million, compared to the consensus revenue estimate of $261.01 million.

7 equities research analysts have issued 12-month price targets for Casa Systems' shares. Their forecasts range from $6.00 to $12.00. On average, they anticipate Casa Systems' stock price to reach $8.00 in the next year. This suggests a possible upside of 78.6% from the stock's current price. View Analyst Price Targets for Casa Systems.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Casa Systems in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Casa Systems.

Media stories about CASA stock have trended extremely negative this week, according to InfoTrie. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Casa Systems earned a daily sentiment score of -4.3 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Casa Systems.

Casa Systems saw a increase in short interest in January. As of January 31st, there was short interest totalling 2,270,000 shares, an increase of 53.4% from the January 15th total of 1,480,000 shares. Based on an average daily trading volume, of 762,200 shares, the days-to-cover ratio is currently 3.0 days. Currently, 8.0% of the company's shares are sold short. View Casa Systems' Current Options Chain.

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

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), SP Plus (SP), Argan (AGX) and Micron Technology (MU).

(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 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 variety of of retail and institutional investors. Top institutional investors include Alliancebernstein L.P. (4.10%), Hotchkis & Wiley Capital Management LLC (1.31%), State Street Corp (0.80%), Cooper Creek Partners Management LLC (0.70%), Jacobs Levy Equity Management Inc. (0.46%) and California Public Employees Retirement System (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 sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Bank of New York Mellon Corp, Sei Investments Co., Bank of America Corp DE, Penserra Capital Management LLC and Citigroup Inc.. View Insider Buying and Selling for Casa Systems.

CASA stock was bought by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Assenagon Asset Management S.A., California Public Employees Retirement System, Jacobs Levy Equity Management Inc., Cooper Creek Partners Management LLC, FMR LLC, Goldman Sachs Group Inc. and Hotchkis & Wiley Capital Management LLC. 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 $4.48.

Casa Systems has a market capitalization of $375.56 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]