Casa Systems, Inc. (CASA)

NASDAQ: CASA · IEX Real-Time Price · USD
3.13
-0.16 (-4.86%)
Sep 30, 2022 4:00 PM EDT - Market closed
-4.86%
Market Cap 295.51M
Revenue (ttm) 339.55M
Net Income (ttm) -48.63M
Shares Out 94.41M
EPS (ttm) -0.41
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 80,336
Open 3.18
Previous Close 3.29
Day's Range 3.13 - 3.32
52-Week Range 3.12 - 7.18
Beta 1.06
Analysts Buy
Price Target 6.46 (+106.4%)
Earnings Date Oct 31, 2022

About CASA

Casa Systems, Inc., a communications technology company, provides solutions for next-generation physical, virtualized, and cloud native architectures for cable broadband, fixed-line broadband, and wireless networks in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. It offers converged cable access platforms; wireless network core products, such as virtual evolved packet and 5G core products, as well as small cell solutions, axyom element management system, and fixed wireless access devices; and virtual, cent... [Read more...]

Industry Communications Equipment
IPO Date Dec 15, 2017
CEO Jerry Guo
Employees 1,004
Stock Exchange NASDAQ
Ticker Symbol CASA
Full Company Profile

Financial Performance

In 2021, Casa Systems's revenue was $401.33 million, an increase of 2.05% compared to the previous year's $393.25 million. Earnings were $3.21 million, a decrease of -87.07%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for CASA stock is "Buy." The 12-month stock price forecast is 6.46, which is an increase of 106.39% from the latest price.

Price Target
$6.46
(106.39% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Casa Systems and Google Cloud to Advance Cloud-Native Software and Service Offerings

The strategic partnership will empower Casa Systems and Google Cloud to collaborate across innovative technology programs and joint sales, marketing, and support initiatives globally The strategic partn...

1 month ago - GlobeNewsWire

Casa Systems (CASA) Reports Q2 Loss, Misses Revenue Estimates

Casa Systems (CASA) delivered earnings and revenue surprises of 6.25% and 5.49%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Casa Systems Reports Second Quarter 2022 Financial Results

Verizon Multi-Year Agreement Progressing on Schedule

1 month ago - GlobeNewsWire

Casa Systems Appoints Michael Picariello as Director of Investor Relations

Picariello brings more than 15 years of investor relations experience in the technology and software sector Picariello brings more than 15 years of investor relations experience in the technology and so...

2 months ago - GlobeNewsWire

Casa Systems joins LOT Network in a proactive measure against the threat of patent trolls

Innovative cloud-native technology leader recognizes the need to protect its innovation and patented technology through its membership in the non-profit organization Innovative cloud-native technology l...

3 months ago - GlobeNewsWire

Casa Systems and Power & Tel Sign Master Distribution Agreement

PIPERTON, Tenn.--(BUSINESS WIRE)--Casa Systems, a premier network solutions provider, and Power & Tel, a leading distributor of communications products and provider of supply chain management and logist...

4 months ago - Business Wire

Casa Systems participates in CableLabs Flexible MAC Architecture (FMA) Interop event

Underscores Casa Systems' continued commitment to vendor interoperability in the Distributed Access Architecture (DAA) market Underscores Casa Systems' continued commitment to vendor interoperability in...

4 months ago - GlobeNewsWire

VNPT and Casa Systems sign MoU for next generation 5G technologies in Vietnam

ANDOVER, Mass., May 17, 2022 (GLOBE NEWSWIRE) -- Vietnam Posts and Telecommunications Group (VNPT), a leading provider of digital and telecommunications services in Vietnam, and Casa Systems (NASDAQ: CA...

4 months ago - GlobeNewsWire

Why Casa Systems Stock Got Crushed Today

Investors reacted to a sharp drop in revenue and management's decision to pull its 2022 guidance.

4 months ago - The Motley Fool

Casa Systems (CASA) Reports Q1 Loss, Lags Revenue Estimates

Casa Systems (CASA) delivered earnings and revenue surprises of -775% and 26.32%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Casa Systems Reports First Quarter 2022 Financial Results

Company Accelerates Transformation as a Leader in Cloud-Native Software with Verizon Agreement

4 months ago - GlobeNewsWire

Casa Systems to Release First Quarter 2022 Results on May 4, 2022

ANDOVER, Mass., April 20, 2022 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (Nasdaq: CASA) a leading provider of physical and cloud-native infrastructure technology solutions for wireless, cable and fixed bro...

5 months ago - GlobeNewsWire

Casa receives multi-year purchase contract from Verizon; stock jumps 70%

Casa Systems Inc. (NASDAQ: CASA) stock is up 70% after announcing a multi-year purchase from Verizon (NYSE: VZ). Additionally, Verizon is expected to invest around $40 million in Casa Systems' common sh...

Other symbols: VZ
5 months ago - Invezz

Verizon Just Made a Big Bet on Casa Systems (CASA) Stock. Here's Why.

CASA stock is in the spotlight after it was announced that Verizon had acquired a 9.9% stake in the 5G services company. The post Verizon Just Made a Big Bet on Casa Systems (CASA) Stock.

Other symbols: VZ
5 months ago - InvestorPlace

Casa Systems stock rockets after Verizon to take near 10% stake

Shares of Casa Systems Inc. CASA, -1.02% rocketed 49.1% to pace all premarket gainers Monday, after the communications infrastructure company announced that Verizon Communications Inc. VZ, -0.57% will t...

Other symbols: VZ
5 months ago - Market Watch

Why Casa Shares Are Soaring Today

Casa Systems Inc (NASDAQ: CASA) won a multi-year purchase contract from Verizon Communications Inc (NYSE: VZ). Verizon looks to invest $40 million in Casa shares, resulting in a 9.9% ownership stake.

5 months ago - Benzinga

Casa Systems Awarded Multi-Year Contract From Verizon

Casa Systems to provide its 5G Core Network Functions to help enable Verizon's public Mobile Edge Computing service offering

Other symbols: VZ
5 months ago - GlobeNewsWire

Casa Systems Appoints Edward Durkin as Chief Financial Officer

Durkin brings more than 30 years of financial expertise in the Technology/Software sector to Casa Durkin brings more than 30 years of financial expertise in the Technology/Software sector to Casa

6 months ago - GlobeNewsWire

Casa Systems (CASA) Q4 Earnings and Revenues Beat Estimates

Casa Systems (CASA) delivered earnings and revenue surprises of 40% and 1.15%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research

Casa Systems Reports Fourth Quarter 2021 and Full Year 2021 Financial Results

Double Digit Q4 and Full Year Wireless Growth Full Year Revenue Growth Despite Supply Chain Impact Company Guides to Significant Software and Margin Increase in FY 2022

7 months ago - GlobeNewsWire

Casa Systems to Release Fourth Quarter 2021 Results on February 24, 2022

ANDOVER, Mass., Feb. 14, 2022 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (Nasdaq: CASA) a leading provider of physical and cloud-native infrastructure technology solutions for wireless, cable and fixed broa...

7 months ago - GlobeNewsWire

Earnings Preview: Casa Systems (CASA) Q4 Earnings Expected to Decline

Casa Systems (CASA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

7 months ago - Zacks Investment Research

Casa Systems Announces Departure of Chief Financial Officer

Reaffirms FY 2021 Guidance and Announces Earnings Release Date Reaffirms FY 2021 Guidance and Announces Earnings Release Date

8 months ago - GlobeNewsWire

New Strong Sell Stocks for December 1st

ALX, CASA, KELYA, WWW, and ORC have been added to the Zacks Rank #5 (Strong Sell) List on December 1, 2021.

Other symbols: ALXKELYAORCWWW
10 months ago - Zacks Investment Research

Casa Systems to Announce Multi-Year Transformation Toward Software and Cloud at Investor Day

ANDOVER, Mass., Nov. 19, 2021 (GLOBE NEWSWIRE) -- Casa Systems, Inc. (Nasdaq: CASA), a leading provider of cloud-native and physical infrastructure technology solutions for wireless, cable and fixed bro...

10 months ago - GlobeNewsWire