Casa Systems Inc (CASA) Expected to Announce Quarterly Sales of $101.43 Million

Wall Street analysts forecast that Casa Systems Inc (NASDAQ:CASA) will report sales of $101.43 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Casa Systems’ earnings. The lowest sales estimate is $101.00 million and the highest is $101.90 million. The firm is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Casa Systems will report full-year sales of $101.43 million for the current fiscal year, with estimates ranging from $332.97 million to $335.50 million. For the next financial year, analysts expect that the company will report sales of $385.88 million per share, with estimates ranging from $377.50 million to $391.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Casa Systems.

CASA has been the topic of several analyst reports. Barclays initiated coverage on shares of Casa Systems in a report on Tuesday, January 9th. They set an “equal weight” rating and a $17.00 price target on the stock. Stifel Nicolaus initiated coverage on shares of Casa Systems in a report on Tuesday, January 9th. They set a “buy” rating and a $23.00 price target on the stock. Morgan Stanley initiated coverage on shares of Casa Systems in a report on Tuesday, January 9th. They set an “equal weight” rating and a $21.00 price target on the stock. William Blair initiated coverage on shares of Casa Systems in a report on Tuesday, January 9th. They set an “outperform” rating on the stock. Finally, Northland Securities initiated coverage on shares of Casa Systems in a report on Tuesday, January 9th. They set an “outperform” rating and a $25.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Casa Systems has a consensus rating of “Buy” and a consensus price target of $22.17.

In related news, Director Bruce R. Evans bought 250,000 shares of the stock in a transaction dated Tuesday, December 19th. The shares were purchased at an average price of $13.00 per share, with a total value of $3,250,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jerry Guo bought 100,000 shares of the stock in a transaction dated Tuesday, December 19th. The stock was bought 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. 64.39% of the stock is currently owned by insiders.

Casa Systems (NASDAQ CASA) opened at $17.50 on Friday. Casa Systems has a 1-year low of $13.25 and a 1-year high of $21.29.

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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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