$0.34 EPS Expected for Casa Systems Inc (CASA) This Quarter

Equities research analysts predict that Casa Systems Inc (NASDAQ:CASA) will report earnings of $0.34 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Casa Systems’ earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.33. The business is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Casa Systems will report full-year earnings of $1.11 per share for the current year, with EPS estimates ranging from $1.09 to $1.14. For the next financial year, analysts expect that the business will report earnings of $1.04 per share, with EPS estimates ranging from $1.00 to $1.11. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Casa Systems.

A number of analysts have recently weighed in on CASA shares. Macquarie started coverage on shares of Casa Systems in a research report on Wednesday, January 10th. They set an “outperform” rating and a $24.00 price target for the company. Raymond James Financial started coverage on shares of Casa Systems in a research report on Tuesday, January 9th. They set an “outperform” rating and a $23.00 price target for the company. Northland Securities started coverage on shares of Casa Systems in a research report on Tuesday, January 9th. They set an “outperform” rating and a $25.00 price target for the company. William Blair started coverage on shares of Casa Systems in a research report on Tuesday, January 9th. They set an “outperform” rating for the company. Finally, Morgan Stanley started coverage on shares of Casa Systems in a research report on Tuesday, January 9th. They set an “equal weight” rating and a $21.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.17.

Casa Systems (NASDAQ:CASA) traded down $0.60 on Monday, hitting $18.04. 607,400 shares of the stock were exchanged, compared to its average volume of 331,133. Casa Systems has a 12 month low of $13.25 and a 12 month high of $22.50. The company has a debt-to-equity ratio of -2.74, a quick ratio of 3.22 and a current ratio of 3.78.

In related news, CEO Jerry Guo bought 100,000 shares of the business’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 $1,300,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce R. Evans bought 250,000 shares of the business’s 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 $3,250,000.00. The disclosure for this purchase can be found here.

Hedge funds have recently bought and sold shares of the business. Gilder Gagnon Howe & Co. LLC bought a new stake in Casa Systems in the fourth quarter valued at $232,000. Monashee Investment Management LLC bought a new stake in Casa Systems in the fourth quarter valued at $2,229,000. Finally, Summit Partners L P bought a new stake in Casa Systems in the fourth quarter valued at $689,834,000. Institutional investors own 0.55% of the company’s stock.

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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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