Casa Systems Inc (CASA) to Post FY2017 Earnings of $1.06 Per Share, William Blair Forecasts
Casa Systems Inc (NASDAQ:CASA) – Research analysts at William Blair issued their FY2017 earnings per share estimates for shares of Casa Systems in a research note issued to investors on Tuesday. William Blair analyst J. Ader anticipates that the company will post earnings per share of $1.06 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.
CASA has been the subject of a number of other reports. Macquarie started coverage on Casa Systems in a research report on Wednesday. They issued an “outperform” rating and a $24.00 price objective for the company. Barclays assumed coverage on Casa Systems in a research note on Tuesday. They set an “equal weight” rating and a $17.00 price objective on the stock. Morgan Stanley began coverage on Casa Systems in a research note on Tuesday. They set an “equal weight” rating and a $21.00 price objective on the stock. Stifel Nicolaus began coverage on Casa Systems in a research note on Tuesday. They issued a “buy” rating and a $23.00 price target on the stock. Finally, Northland Securities began coverage on Casa Systems in a research note on Tuesday. They issued an “outperform” rating and a $25.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $22.17.
In other news, Director Bruce R. Evans acquired 250,000 shares of Casa Systems stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired at an average price of $13.00 per share, for a total transaction of $3,250,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 price of $13.00 per share, for a total transaction of $1,300,000.00. The disclosure for this purchase can be found here. Insiders own 64.39% of the company’s stock.
Casa Systems Company Profile
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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