William Blair assumed coverage on shares of Casa Systems (NASDAQ:CASA) in a report issued on Tuesday, Marketbeat reports. The brokerage issued 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.
A number of other equities analysts have also weighed in on the company. Barclays initiated coverage on Casa Systems in a research report on Tuesday. They issued an equal weight rating and a $17.00 target price for the company. Morgan Stanley initiated coverage on Casa Systems in a research report on Tuesday. They issued an equal weight rating and a $21.00 target price for the company. Finally, Stifel Nicolaus initiated coverage on Casa Systems in a research report on Tuesday. They issued a buy rating and a $23.00 target price for the company. Two 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 an average target price of $22.17.
Casa Systems (NASDAQ:CASA) opened at $20.51 on Tuesday. Casa Systems has a 52-week low of $13.25 and a 52-week high of $20.51.
In other Casa Systems news, Director Bruce R. Evans purchased 250,000 shares of Casa Systems stock in a transaction dated Tuesday, December 19th. The stock was 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 filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jerry Guo purchased 100,000 shares of Casa Systems stock in a transaction dated Tuesday, December 19th. The shares were acquired at an average cost of $13.00 per share, with a total value 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 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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