Barclays Initiates Coverage on Casa Systems (CASA)

Barclays started coverage on shares of Casa Systems (NASDAQ:CASA) in a research report sent to investors on Tuesday, January 9th, Marketbeat Ratings reports. The firm issued an equal weight rating and a $17.00 price objective on the stock.

Shares of Casa Systems (NASDAQ CASA) opened at $20.61 on Tuesday. The company has a quick ratio of 3.22, a current ratio of 3.78 and a debt-to-equity ratio of -2.74. Casa Systems has a 1 year low of $13.25 and a 1 year high of $21.29.

In related news, CEO Jerry Guo bought 100,000 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were purchased at an average price of $13.00 per share, with a total value of $1,300,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce R. Evans bought 250,000 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were bought at an average cost of $13.00 per share, for a total transaction of $3,250,000.00. The disclosure for this purchase can be found here. 64.39% of the stock is currently owned by insiders.

A hedge fund recently bought a new stake in Casa Systems stock. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Casa Systems Inc (NASDAQ:CASA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 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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