ValuEngine cut shares of Casa Systems (NASDAQ:CASA) from a hold rating to a sell rating in a research report report published on Monday, February 4th.
Several other research analysts have also issued reports on the company. Zacks Investment Research raised Casa Systems from a sell rating to a hold rating in a research report on Tuesday, October 16th. Stifel Nicolaus began coverage on Casa Systems in a research report on Tuesday, October 23rd. They issued a buy rating and a $18.00 target price for the company. Needham & Company LLC began coverage on Casa Systems in a research report on Thursday, November 29th. They set a buy rating and a $19.00 price objective for the company. Finally, Morgan Stanley lowered Casa Systems from an overweight rating to an equal weight rating and reduced their price objective for the company from $18.00 to $11.00 in a research report on Friday, January 18th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Casa Systems has an average rating of Hold and a consensus price target of $17.25.
CASA stock traded up $0.13 during trading on Monday, hitting $10.32. 395,522 shares of the company traded hands, compared to its average volume of 286,988. The stock has a market capitalization of $891.03 million, a PE ratio of 12.90 and a beta of -0.38. The company has a debt-to-equity ratio of 3.43, a current ratio of 5.09 and a quick ratio of 4.61. Casa Systems has a 1 year low of $9.06 and a 1 year high of $34.21.
Casa Systems (NASDAQ:CASA) last released its quarterly earnings results on Thursday, February 21st. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. The business had revenue of $67.83 million during the quarter, compared to analyst estimates of $65.93 million. Casa Systems had a return on equity of 83.48% and a net margin of 24.57%. Analysts anticipate that Casa Systems will post 0.23 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Casa Systems by 161.1% during the 3rd quarter. Vanguard Group Inc. now owns 2,539,709 shares of the company’s stock valued at $37,461,000 after purchasing an additional 1,567,015 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of Casa Systems by 161.1% in the 3rd quarter. Vanguard Group Inc now owns 2,539,709 shares of the company’s stock worth $37,461,000 after buying an additional 1,567,015 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Casa Systems by 99.5% in the 3rd quarter. BlackRock Inc. now owns 1,800,473 shares of the company’s stock worth $26,557,000 after buying an additional 898,063 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Casa Systems by 6.1% in the 3rd quarter. Clearbridge Investments LLC now owns 1,674,514 shares of the company’s stock worth $24,699,000 after buying an additional 96,112 shares during the last quarter. Finally, Elk Creek Partners LLC boosted its stake in shares of Casa Systems by 9.6% in the 3rd quarter. Elk Creek Partners LLC now owns 1,303,581 shares of the company’s stock worth $19,228,000 after buying an additional 114,383 shares during the last quarter. Institutional investors and hedge funds own 64.49% of the company’s stock.
Casa Systems Company Profile
Casa Systems, Inc provides software-centric broadband products in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers software-centric infrastructure solutions that allow cable service providers to deliver voice, video, and data services over a single platform at multi-gigabit speeds.
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