Casa Systems (CASA) Issues Q4 Earnings Guidance
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.
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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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