Casa Systems Inc to Post FY2017 Earnings of $1.06 Per Share, William Blair Forecasts (CASA)
Casa Systems Inc (NASDAQ:CASA) – Equities research analysts at William Blair issued their FY2017 earnings per share estimates for shares of Casa Systems in a research report issued to clients and investors on Tuesday. William Blair analyst J. Ader anticipates that the company will post earnings of $1.06 per share 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 commented on the company. Macquarie assumed coverage on Casa Systems in a report on Wednesday. They set an “outperform” rating and a $24.00 price target on the stock. Raymond James Financial assumed coverage on Casa Systems in a report on Tuesday. They set an “outperform” rating and a $23.00 price target on the stock. Northland Securities assumed coverage on Casa Systems in a report on Tuesday. They set an “outperform” rating and a $25.00 price target on the stock. Morgan Stanley assumed coverage on Casa Systems in a report on Tuesday. They set an “equal weight” rating and a $21.00 price target on the stock. Finally, Stifel Nicolaus assumed coverage on Casa Systems in a report on Tuesday. They set a “buy” rating and a $23.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $22.17.
In related news, CEO Jerry Guo acquired 100,000 shares of Casa Systems stock in a transaction that occurred on Tuesday, December 19th. The shares were purchased at an average cost of $13.00 per share, for a total transaction of $1,300,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Bruce R. Evans acquired 250,000 shares of Casa Systems stock in a transaction that occurred on Tuesday, December 19th. The stock was bought at an average price of $13.00 per share, for a total transaction of $3,250,000.00. The disclosure for this purchase can be found here.
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About Casa Systems
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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