$101.43 Million in Sales Expected for Casa Systems Inc (CASA) This Quarter

Equities research analysts expect that Casa Systems Inc (NASDAQ:CASA) will report $101.43 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Casa Systems’ earnings, with the highest sales estimate coming in at $101.90 million and the lowest estimate coming in at $101.00 million. The business is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, 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 year, analysts anticipate that the firm will post 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 an average based on a survey of sell-side research firms that that provide coverage for Casa Systems.

A number of research analysts recently commented on the stock. Macquarie initiated coverage on shares of Casa Systems in a research note on Wednesday, January 10th. They set an “outperform” rating and a $24.00 price objective on the stock. William Blair initiated coverage on shares of Casa Systems in a report on Tuesday, January 9th. They set an “outperform” rating for the company. 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 target price for the company. 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 target price for the company. Finally, 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 target price for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $22.17.

In other Casa Systems news, Director Bruce R. Evans bought 250,000 shares of Casa Systems stock in a transaction that occurred on Tuesday, December 19th. The stock was purchased at an average cost of $13.00 per share, for a total transaction of $3,250,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jerry Guo bought 100,000 shares of Casa Systems stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired at an average price of $13.00 per share, with a total value of $1,300,000.00. The disclosure for this purchase can be found here.

A number of institutional investors have recently bought and sold shares of the stock. Summit Partners L P acquired a new position in Casa Systems in the 4th quarter worth approximately $689,834,000. Monashee Investment Management LLC acquired a new position in Casa Systems in the 4th quarter worth approximately $2,229,000. MYDA Advisors LLC acquired a new position in Casa Systems in the 4th quarter worth approximately $1,598,000. Landscape Capital Management L.L.C. acquired a new position in Casa Systems in the 4th quarter worth approximately $1,320,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new position in Casa Systems in the 4th quarter worth approximately $232,000. 0.55% of the stock is owned by hedge funds and other institutional investors.

Casa Systems (NASDAQ:CASA) opened at $17.98 on Wednesday. Casa Systems has a 12 month low of $13.25 and a 12 month high of $22.50. The company has a current ratio of 3.78, a quick ratio of 3.22 and a debt-to-equity ratio of -2.74.

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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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