Casa Systems (NASDAQ:CASA) Releases Earnings Results, Beats Estimates By $0.04 EPS

Casa Systems (NASDAQ:CASA) posted its quarterly earnings results on Thursday. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.04, MarketWatch Earnings reports. Casa Systems had a negative return on equity of 7.58% and a negative net margin of 9.96%. The firm had revenue of $83.35 million for the quarter, compared to analyst estimates of $79.50 million. Casa Systems updated its FY 2020
After-Hours guidance to 0.00-0.12 EPS.

Shares of CASA opened at $5.61 on Friday. The company’s fifty day moving average is $4.38 and its 200-day moving average is $4.02. Casa Systems has a 12 month low of $1.85 and a 12 month high of $8.03. The company has a debt-to-equity ratio of 7.30, a quick ratio of 2.90 and a current ratio of 4.04.

A number of equities analysts have recently weighed in on CASA shares. Barclays reiterated a “hold” rating and issued a $5.00 target price on shares of Casa Systems in a report on Sunday, May 3rd. BidaskClub upgraded shares of Casa Systems from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research cut shares of Casa Systems from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Northland Securities reaffirmed a “buy” rating and issued a $8.00 price target on shares of Casa Systems in a research note on Friday. Finally, JPMorgan Chase & Co. assumed coverage on Casa Systems in a research report on Tuesday, April 14th. They set an “underweight” rating for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Casa Systems currently has an average rating of “Hold” and an average price target of $5.75.

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 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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Earnings History for Casa Systems (NASDAQ:CASA)

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