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

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

Casa Systems Inc (NASDAQ:CASA) announced its earnings results on Thursday, May, 10th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.03. The business had revenue of $89.10 million for the quarter, compared to the consensus estimate of $88.50 million. View Casa Systems' Earnings History.

Casa Systems issued an update on its FY18 earnings guidance on Thursday, May, 10th. The company provided EPS guidance of $1.08-1.19 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.17. The company issued revenue guidance of $380-395 million, compared to the consensus revenue estimate of $393.84 million.

7 analysts have issued twelve-month price objectives for Casa Systems' shares. Their forecasts range from $23.00 to $31.00. On average, they expect Casa Systems' share price to reach $25.1667 in the next twelve months. View Analyst Ratings for Casa Systems.

Some companies that are related to Casa Systems include Ubiquiti Networks (UBNT), CommScope (COMM), ARRIS International (ARRS), Echostar (SATS), ViaSat (VSAT), Maxar Technologies (MAXR), Mitel Networks (MITL), Loral Space & Communications (LORL), CalAmp (CAMP), Comtech Telecomm. (CMTL), Sierra Wireless (SWIR), Energous (WATT), Gilat Satellite Networks (GILT), Harmonic (HLIT) and Ceragon Networks (CRNT).

(CASA) raised $78 million in an initial public offering (IPO) 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' lock-up period expires on Wednesday, June 13th. Casa Systems had issued 6,000,000 shares in its 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 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 stories about CASA stock have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Casa Systems earned a news sentiment score of 0.10 on Accern's scale. They also assigned news articles about the company an impact score of 47.61 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Casa Systems' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (1.77%), Penserra Capital Management LLC (0.42%), Schwab Charles Investment Management Inc. (0.28%), Northern Trust Corp (0.26%), Overbrook Management Corp (0.17%) and Thornburg Investment Management Inc. (0.11%). Company insiders that own Casa Systems stock include 2012 Irrevocable Tru Dragonfly, Bruce R Evans, Gary D Hall, Jerry Guo, Lucy Xie, 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 Thornburg Investment Management Inc. and Neuberger Berman Group LLC. Company insiders that have sold Casa Systems company stock in the last year include 2012 Irrevocable Tru Dragonfly, Gary D Hall, Jerry Guo, Lucy Xie, Peter Y Chung and Weidong Chen. View Insider Buying and Selling for Casa Systems.

CASA stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Penserra Capital Management LLC, Schwab Charles Investment Management Inc., Northern Trust Corp, Overbrook Management Corp, Prudential Financial Inc., Legal & General Group Plc and Chatham Capital Group Inc.. Company insiders that have bought Casa Systems stock in the last two years include Bruce R Evans and Jerry Guo. 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, Scottrade, Fidelity and Charles Schwab.

One share of CASA stock can currently be purchased for approximately $19.89.

Casa Systems has a market capitalization of $1.63 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 SUITE 100, ANDOVER MA, 01810. The company can be reached via phone at 978-688-6706 or via email at [email protected]