Casa Systems (CASA) Earns Outperform Rating from Analysts at William Blair

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.

ILLEGAL ACTIVITY WARNING: This report was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://ledgergazette.com/2018/01/13/casa-systems-casa-earns-outperform-rating-from-analysts-at-william-blair.html.

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.

Analyst Recommendations for Casa Systems (NASDAQ:CASA)

Receive News & Ratings for Casa Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casa Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply