Wall Street brokerages expect Casa Systems Inc (NASDAQ:CASA) to post earnings per share of $0.01 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Casa Systems’ earnings, with the lowest EPS estimate coming in at ($0.04) and the highest estimate coming in at $0.04. Casa Systems posted earnings per share of $0.23 in the same quarter last year, which would suggest a negative year over year growth rate of 95.7%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, May 1st.

According to Zacks, analysts expect that Casa Systems will report full year earnings of $0.34 per share for the current financial year, with EPS estimates ranging from $0.31 to $0.36. For the next year, analysts anticipate that the firm will report earnings of $0.52 per share, with EPS estimates ranging from $0.48 to $0.55. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Casa Systems.

Casa Systems (NASDAQ:CASA) last issued its quarterly earnings data on Thursday, February 21st. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. The firm had revenue of $67.83 million during the quarter, compared to analysts’ expectations of $65.93 million. Casa Systems had a net margin of 24.57% and a return on equity of 86.77%.

A number of research analysts have recently issued reports on CASA shares. Stifel Nicolaus cut shares of Casa Systems from a “buy” rating to a “hold” rating and reduced their price objective for the company from $18.00 to $14.00 in a report on Friday, January 18th. Zacks Investment Research cut shares of Casa Systems from a “hold” rating to a “sell” rating in a report on Monday, January 21st. DA Davidson initiated coverage on shares of Casa Systems in a report on Monday, March 18th. They set a “buy” rating and a $12.00 price target on the stock. Raymond James cut shares of Casa Systems from an “outperform” rating to a “market perform” rating in a report on Friday, February 22nd. Finally, Needham & Company LLC cut their price target on shares of Casa Systems from $19.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, January 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.63.

Shares of NASDAQ CASA traded up $0.01 during mid-day trading on Friday, reaching $9.52. 1,188,559 shares of the company’s stock traded hands, compared to its average volume of 347,503. The stock has a market capitalization of $797.05 million, a P/E ratio of 11.90 and a beta of -0.53. Casa Systems has a 1-year low of $8.11 and a 1-year high of $32.63. The company has a debt-to-equity ratio of 3.92, a current ratio of 4.69 and a quick ratio of 4.11.

Institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP purchased a new position in Casa Systems during the fourth quarter worth about $26,000. Benjamin F. Edwards & Company Inc. purchased a new position in Casa Systems during the fourth quarter worth about $28,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Casa Systems during the fourth quarter worth about $33,000. Great West Life Assurance Co. Can purchased a new position in Casa Systems during the fourth quarter worth about $79,000. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in Casa Systems by 356.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,129 shares of the company’s stock worth $120,000 after purchasing an additional 7,130 shares during the last quarter. Institutional investors and hedge funds own 66.58% of the company’s stock.

About Casa Systems

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 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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