Somewhat Positive Media Coverage Somewhat Unlikely to Impact Casa Systems (CASA) Share Price

Media headlines about Casa Systems (NASDAQ:CASA) have trended somewhat positive on Wednesday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Casa Systems earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.4875280582287 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media headlines that may have effected Accern’s rankings:

Shares of Casa Systems (NASDAQ CASA) traded up $1.20 during trading hours on Wednesday, hitting $31.20. The stock had a trading volume of 1,338,826 shares, compared to its average volume of 558,119. Casa Systems has a one year low of $13.25 and a one year high of $31.40. The firm has a market cap of $2,500.00 and a price-to-earnings ratio of 120.00. The company has a debt-to-equity ratio of 5.89, a current ratio of 4.23 and a quick ratio of 3.87.

CASA has been the topic of a number of research analyst reports. Raymond James Financial initiated coverage on Casa Systems in a report on Tuesday, January 9th. They issued an “outperform” rating and a $23.00 target price on the stock. Barclays reaffirmed an “equal weight” rating and issued a $25.00 target price (up previously from $21.00) on shares of Casa Systems in a report on Wednesday, March 7th. Northland Securities initiated coverage on Casa Systems in a report on Tuesday, January 9th. They issued an “outperform” rating and a $25.00 target price on the stock. Stifel Nicolaus initiated coverage on Casa Systems in a report on Tuesday, January 9th. They issued a “buy” rating and a $23.00 target price on the stock. Finally, Zacks Investment Research raised Casa Systems from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $25.71.

In other Casa Systems news, Director Bruce R. Evans acquired 250,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was purchased at an average price of $13.00 per share, for a total transaction of $3,250,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jerry Guo acquired 100,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was acquired at an average price of $13.00 per share, with a total value of $1,300,000.00. 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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