Casa Systems (CASA) Now Covered by Barclays

Stock analysts at Barclays started coverage on shares of Casa Systems (NASDAQ:CASA) in a research note issued on Tuesday. The brokerage set an “equal weight” rating and a $17.00 price target on the stock. Barclays’ target price would suggest a potential downside of 10.71% from the stock’s previous close.

Shares of Casa Systems (NASDAQ CASA) traded up $0.56 during midday trading on Tuesday, reaching $19.04. The company’s stock had a trading volume of 169,400 shares, compared to its average volume of 247,043. Casa Systems has a 52 week low of $13.25 and a 52 week high of $19.55.

In other news, Director Bruce R. Evans bought 250,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were bought at an average price of $13.00 per share, with a total value of $3,250,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jerry Guo bought 100,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was purchased at an average cost of $13.00 per share, for a total transaction of $1,300,000.00. The disclosure for this purchase can be found here.

TRADEMARK VIOLATION WARNING: This piece was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.dispatchtribunal.com/2018/01/11/casa-systems-casa-now-covered-by-barclays.html.

About Casa Systems

Casa Systems, Inc is provides a software-centric infrastructure solutions. In addition, the Company offers solutions for next-generation distributed and virtualized architectures in cable operator, fixed telecom and wireless networks. Its products include axyom software platform, delivery platforms, multi-service applications, capacity expansion products.

Analyst Recommendations for Casa Systems (NASDAQ:CASA)

Receive News & Ratings for Casa Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casa Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply