Wall Street analysts forecast that Casa Systems Inc (NASDAQ:CASA) will post earnings of ($0.06) per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Casa Systems’ earnings. The lowest EPS estimate is ($0.09) and the highest is ($0.03). Casa Systems posted earnings of $0.20 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 130%. The business is expected to issue its next quarterly earnings report on Thursday, February 20th.
According to Zacks, analysts expect that Casa Systems will report full-year earnings of ($0.16) per share for the current year, with EPS estimates ranging from ($0.19) to ($0.13). For the next financial year, analysts expect that the business will report earnings of ($0.06) per share, with EPS estimates ranging from ($0.11) to $0.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Casa Systems.
Casa Systems (NASDAQ:CASA) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.13). The firm had revenue of $81.80 million during the quarter, compared to the consensus estimate of $108.08 million. Casa Systems had a positive return on equity of 0.01% and a negative net margin of 3.22%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 EPS.
A number of analysts have issued reports on CASA shares. Barclays reissued a “hold” rating and issued a $7.00 target price on shares of Casa Systems in a research report on Sunday, November 3rd. ValuEngine raised Casa Systems from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Northland Securities downgraded Casa Systems from an “outperform” rating to a “market perform” rating and set a $7.00 target price for the company. in a research report on Friday, November 1st. Raymond James downgraded Casa Systems from a “market perform” rating to an “underperform” rating in a research report on Tuesday, July 30th. Finally, Zacks Investment Research downgraded Casa Systems from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.93.
NASDAQ:CASA traded down $0.12 on Tuesday, hitting $3.53. The stock had a trading volume of 352,100 shares, compared to its average volume of 389,089. The company has a quick ratio of 5.02, a current ratio of 6.25 and a debt-to-equity ratio of 4.20. The business’s fifty day moving average is $6.43 and its 200 day moving average is $6.62. Casa Systems has a 52 week low of $3.47 and a 52 week high of $16.42. The company has a market cap of $329.45 million, a PE ratio of 4.41 and a beta of 0.87.
Large investors have recently added to or reduced their stakes in the business. Cutler Group LP increased its position in Casa Systems by 3,864.0% in the second quarter. Cutler Group LP now owns 3,964 shares of the company’s stock worth $25,000 after buying an additional 3,864 shares during the last quarter. Quantamental Technologies LLC increased its position in Casa Systems by 1,044.9% in the second quarter. Quantamental Technologies LLC now owns 5,896 shares of the company’s stock worth $38,000 after buying an additional 5,381 shares during the last quarter. Bank of Montreal Can increased its position in Casa Systems by 590,300.0% in the second quarter. Bank of Montreal Can now owns 5,904 shares of the company’s stock worth $38,000 after buying an additional 5,903 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Casa Systems in the second quarter valued at $63,000. Finally, Menta Capital LLC purchased a new position in shares of Casa Systems in the second quarter valued at $66,000. 67.96% of the stock is owned by institutional investors and hedge funds.
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 solutions that allow cable service providers to deliver voice, video, and data services over a single platform at multi-gigabit speeds.
Featured Story: What is the yield curve?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Casa Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casa Systems and related companies with MarketBeat.com's FREE daily email newsletter.