Casa Systems Inc (CASA) to Post FY2017 Earnings of $1.06 Per Share, William Blair Forecasts

Casa Systems Inc (NASDAQ:CASA) – Research analysts at William Blair issued their FY2017 earnings per share estimates for shares of Casa Systems in a research note issued to investors on Tuesday. William Blair analyst J. Ader anticipates that the company will post earnings per share of $1.06 for the year. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Casa Systems’ Q4 2017 earnings at $0.32 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.

Several other research analysts have also recently commented on CASA. Barclays started coverage on Casa Systems in a research report on Tuesday. They set an “equal weight” rating and a $17.00 price target for the company. Stifel Nicolaus started coverage on Casa Systems in a research report on Tuesday. They set a “buy” rating and a $23.00 price target for the company. Morgan Stanley started coverage on Casa Systems in a research report on Tuesday. They set an “equal weight” rating and a $21.00 price target for the company. Northland Securities started coverage on Casa Systems in a research report on Tuesday. They set an “outperform” rating and a $25.00 price target for the company. Finally, Raymond James Financial started coverage on Casa Systems in a research report on Tuesday. They set an “outperform” rating and a $23.00 price target for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $22.17.

Casa Systems (CASA) opened at $20.51 on Thursday. Casa Systems has a 52-week low of $13.25 and a 52-week high of $20.51.

In other Casa Systems news, CEO Jerry Guo acquired 100,000 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was bought at an average cost of $13.00 per share, with a total value of $1,300,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bruce R. Evans acquired 250,000 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was acquired at an average cost of $13.00 per share, with a total value of $3,250,000.00. The disclosure for this purchase can be found here. Company insiders own 64.39% 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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