Casa Systems Inc (CASA) Expected to Earn FY2017 Earnings of $1.06 Per Share

Casa Systems Inc (NASDAQ:CASA) – Research analysts at William Blair issued their FY2017 earnings per share estimates for shares of Casa Systems in a note issued to investors on Tuesday, according to Zacks Investment Research. William Blair analyst J. Ader forecasts that the company will post earnings per share of $1.06 for the year. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Casa Systems’ Q4 2017 earnings at $0.32 EPS, Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at $0.23 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.36 EPS, FY2018 earnings at $1.03 EPS and FY2019 earnings at $1.20 EPS.

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus started coverage on Casa Systems in a research note on Tuesday, January 9th. They set a “buy” rating and a $23.00 price objective on the stock. Morgan Stanley started coverage on Casa Systems in a research note on Tuesday, January 9th. They set an “equal weight” rating and a $21.00 price objective on the stock. Barclays started coverage on Casa Systems in a research note on Tuesday, January 9th. They set an “equal weight” rating and a $17.00 price objective on the stock. Macquarie initiated coverage on Casa Systems in a research note on Wednesday, January 10th. They set an “outperform” rating and a $24.00 price objective on the stock. Finally, Raymond James Financial initiated coverage on Casa Systems in a research report on Tuesday, January 9th. They set an “outperform” rating and a $23.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $22.17.

Shares of Casa Systems (NASDAQ:CASA) traded up $0.71 during trading hours on Thursday, reaching $20.61. The company’s stock had a trading volume of 475,744 shares, compared to its average volume of 272,463. The company has a current ratio of 3.78, a quick ratio of 3.22 and a debt-to-equity ratio of -2.74. Casa Systems has a fifty-two week low of $13.25 and a fifty-two week high of $21.29.

In other Casa Systems news, Director Bruce R. Evans bought 250,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was purchased at an average cost of $13.00 per share, with a total value of $3,250,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jerry Guo bought 100,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were acquired at an average cost of $13.00 per share, with a total value of $1,300,000.00. The disclosure for this purchase can be found here. Company insiders own 64.39% of the company’s stock.

An institutional investor recently bought a new position in Casa Systems stock. Gilder Gagnon Howe & Co. LLC acquired a new position in Casa Systems Inc (NASDAQ:CASA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,040 shares of the company’s stock, valued at approximately $232,000.

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Casa Systems Company Profile

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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