Media coverage about Casa Systems (NASDAQ:CASA) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Casa Systems earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news headlines about the company an impact score of 44.5902637001556 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Casa Systems (CASA) opened at $20.61 on Monday. The company has a debt-to-equity ratio of -2.74, a current ratio of 3.78 and a quick ratio of 3.22. Casa Systems has a fifty-two week low of $13.25 and a fifty-two week high of $21.29.
CASA has been the subject of several analyst reports. Stifel Nicolaus initiated coverage on shares of Casa Systems in a research note on Tuesday, January 9th. They issued a “buy” rating and a $23.00 target price for the company. Morgan Stanley initiated coverage on shares of Casa Systems in a research note on Tuesday, January 9th. They issued an “equal weight” rating and a $21.00 target price for the company. William Blair initiated coverage on shares of Casa Systems in a research note on Tuesday, January 9th. They issued an “outperform” rating for the company. Macquarie initiated coverage on shares of Casa Systems in a research note on Wednesday, January 10th. They issued an “outperform” rating and a $24.00 target price for the company. Finally, Barclays initiated coverage on shares of Casa Systems in a research note on Tuesday, January 9th. They issued an “equal weight” rating and a $17.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Casa Systems presently has a consensus rating of “Buy” and a consensus price target of $22.17.
In other Casa Systems news, CEO Jerry Guo purchased 100,000 shares of the stock in a transaction on Tuesday, December 19th. The stock was bought at an average price of $13.00 per share, for a total transaction of $1,300,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Bruce R. Evans purchased 250,000 shares of the stock in a transaction on Tuesday, December 19th. The stock was acquired at an average price of $13.00 per share, with a total value of $3,250,000.00. The disclosure for this purchase can be found here. 64.39% of the stock is owned by insiders.
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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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