Casa Systems Inc (CASA) Expected to Announce Quarterly Sales of $77.87 Million
Wall Street brokerages expect Casa Systems Inc (NASDAQ:CASA) to report sales of $77.87 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Casa Systems’ earnings, with the lowest sales estimate coming in at $72.40 million and the highest estimate coming in at $81.20 million. The company is scheduled to announce its next quarterly earnings results on Tuesday, November 13th.
On average, analysts expect that Casa Systems will report full-year sales of $337.63 million for the current fiscal year, with estimates ranging from $328.50 million to $342.00 million. For the next financial year, analysts anticipate that the firm will report sales of $388.15 million, with estimates ranging from $375.00 million to $395.00 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Casa Systems.
Casa Systems (NASDAQ:CASA) last released its earnings results on Tuesday, August 14th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The business had revenue of $68.70 million for the quarter, compared to analyst estimates of $90.64 million. The company’s revenue for the quarter was up 3.2% on a year-over-year basis.
NASDAQ CASA opened at $15.37 on Wednesday. The company has a current ratio of 5.54, a quick ratio of 5.13 and a debt-to-equity ratio of 2.74. Casa Systems has a 12-month low of $11.26 and a 12-month high of $34.21.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund acquired a new stake in shares of Casa Systems in the 1st quarter worth approximately $111,000. American International Group Inc. acquired a new stake in shares of Casa Systems in the 1st quarter worth approximately $131,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Casa Systems in the 1st quarter worth approximately $223,000. Columbia Partners L L C Investment Management acquired a new stake in shares of Casa Systems in the 2nd quarter worth approximately $163,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Casa Systems in the 1st quarter worth approximately $312,000. Institutional investors and hedge funds own 60.74% 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 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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