Equities researchers at William Blair assumed coverage on shares of Casa Systems (NASDAQ:CASA) in a research note issued on Tuesday, January 9th, Marketbeat Ratings reports. The brokerage set an “outperform” rating on the stock. William Blair also issued estimates for Casa Systems’ Q4 2017 earnings at $0.32 EPS, FY2017 earnings at $1.06 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.
Several other equities research analysts have also commented on the stock. Morgan Stanley started coverage on shares of Casa Systems in a research note on Tuesday, January 9th. They issued an “equal weight” rating and a $21.00 price target on the stock. Stifel Nicolaus started coverage on shares of Casa Systems in a research note on Tuesday, January 9th. They set a “buy” rating and a $23.00 price objective on the stock. Finally, Barclays started coverage on shares of 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. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $22.17.
Shares of Casa Systems (NASDAQ:CASA) opened at $20.61 on Tuesday. Casa Systems has a 12 month low of $13.25 and a 12 month high of $21.29. The company has a current ratio of 3.78, a quick ratio of 3.22 and a debt-to-equity ratio of -2.74.
In other news, CEO Jerry Guo acquired 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was purchased at an average price of $13.00 per share, with a total value of $1,300,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Bruce R. Evans acquired 250,000 shares of the firm’s stock in a transaction that occurred on 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 disclosure for this purchase can be found here. Insiders own 64.39% of the company’s stock.
A hedge fund recently bought a new stake in Casa Systems stock. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Casa Systems Inc (NASDAQ:CASA) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 13,040 shares of the company’s stock, valued at approximately $232,000.
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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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