Casa Systems (NASDAQ:CASA) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $0.13-$0.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.20. The company issued revenue guidance of $63-$69 million, compared to the consensus revenue estimate of $104.44 million.

CASA has been the topic of a number of research reports. Zacks Investment Research downgraded Casa Systems from a buy rating to a hold rating in a report on Thursday, January 3rd. Needham & Company LLC initiated coverage on Casa Systems in a report on Sunday, December 9th. They issued a buy rating and a $15.08 price objective on the stock. Finally, Stifel Nicolaus initiated coverage on Casa Systems in a report on Tuesday, October 23rd. They issued a buy rating and a $18.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $18.76.

Shares of NASDAQ:CASA traded up $0.20 during mid-day trading on Thursday, hitting $14.39. 281,000 shares of the company traded hands, compared to its average volume of 224,683. The company has a market cap of $1.18 billion and a P/E ratio of 18.22. The company has a debt-to-equity ratio of 3.43, a quick ratio of 4.61 and a current ratio of 5.09. Casa Systems has a 52-week low of $11.26 and a 52-week high of $34.21.

Casa Systems (NASDAQ:CASA) last announced its earnings results on Wednesday, November 7th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.14 by $0.08. The business had revenue of $71.50 million for the quarter, compared to the consensus estimate of $75.88 million. Casa Systems had a return on equity of 109.09% and a net margin of 17.93%. The company’s revenue was down 24.1% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. Analysts predict that Casa Systems will post 0.81 earnings per share for the current year.

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Casa Systems Company Profile

Casa Systems, Inc provides software-centric broadband products in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers software-centric infrastructure solutions that allow cable service providers to deliver voice, video, and data services over a single platform at multi-gigabit speeds.

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