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.
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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.
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