Equities research analysts expect Casa Systems Inc (NASDAQ:CASA) to report $83.90 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Casa Systems’ earnings. The highest sales estimate is $85.00 million and the lowest is $82.80 million. The company is expected to report its next quarterly earnings results on Tuesday, June 5th.
On average, analysts expect that Casa Systems will report full-year sales of $83.90 million for the current year, with estimates ranging from $387.30 million to $395.00 million. For the next financial year, analysts anticipate that the company will post sales of $464.02 million per share, with estimates ranging from $436.70 million to $477.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Casa Systems.
A number of research firms have recently commented on CASA. William Blair began coverage on Casa Systems in a research report on Tuesday, January 9th. They set an “outperform” rating on the stock. ValuEngine cut Casa Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, March 14th. Stifel Nicolaus began coverage on Casa Systems in a research report on Tuesday, January 9th. They set a “buy” rating and a $23.00 target price on the stock. Zacks Investment Research upgraded Casa Systems from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Tuesday, March 13th. Finally, Macquarie initiated coverage on Casa Systems in a report on Wednesday, January 10th. They issued an “outperform” rating and a $24.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $25.71.
Shares of Casa Systems (NASDAQ CASA) opened at $32.10 on Tuesday. Casa Systems has a 12-month low of $13.25 and a 12-month high of $34.21. The company has a debt-to-equity ratio of 5.89, a quick ratio of 3.87 and a current ratio of 4.23.
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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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