Casa Systems Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Casa Systems in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Casa Systems stock.
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4 equities research analysts have issued 12 month target prices for Casa Systems' shares. Their CASA stock forecasts range from $6.00 to $9.00. On average, they anticipate Casa Systems' stock price to reach $7.38 in the next year. This suggests a possible upside of 88.6% 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 stock has decreased by 31.0% and is now trading at $3.91.
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Casa Systems is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Casa Systems.

Casa Systems, Inc. (NASDAQ:CASA) posted its quarterly earnings results on Wednesday, May, 4th. The company reported ($0.38) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by $0.29. The business had revenue of $64.40 million for the quarter, compared to analysts' expectations of $87.40 million. Casa Systems had a negative net margin of 9.72% and a negative trailing twelve-month return on equity of 49.71%. During the same period last year, the firm earned $0.06 EPS.
View Casa Systems' earnings history.

34 employees have rated Casa Systems CEO Jerry Guo on Glassdoor.com. Jerry Guo has an approval rating of 54% among Casa Systems' employees. This puts Jerry Guo in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Casa Systems include CommScope (COMM), Planet Labs PBC (PL), Harmonic (HLIT), Sierra Wireless (SWIR), Vuzix (VUZI), Satellogic (SATL), Cambium Networks (CMBM), Gilat Satellite Networks (GILT), Aviat Networks (AVNW), BlackSky Technology (BKSY), Comtech Telecommunications (CMTL), Ondas (ONDS), Airspan Networks (MIMO), TROOPS (TROO) and Ceragon Networks (CRNT).
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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), Square (SQ) and Thor Industries (THO).

(CASA) raised $78 million in an initial public offering (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 trades on the NASDAQ under the ticker symbol "CASA."

Shares of CASA 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 $3.91.

Casa Systems (NASDAQ:CASA) has a market capitalization of $368.24 million and generates $401.33 million in revenue each year. The company earns $3.21 million in net income (profit) each year or ($0.42) on an earnings per share basis.

Casa Systems employs 1,004 workers across the globe.

Casa Systems' mailing address is 100 OLD RIVER ROAD, ANDOVER MA, 01810. The official website for Casa Systems 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.