Casa Systems (NASDAQ:CASA) Coverage Initiated at Raymond James Financial

Research analysts at Raymond James Financial started coverage on shares of Casa Systems (NASDAQ:CASA) in a research note issued to investors on Tuesday, January 9th, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $23.00 price target on the stock. Raymond James Financial’s price objective points to a potential upside of 15.23% from the company’s current price.

Several other research firms have also recently commented on CASA. Northland Securities assumed coverage on shares of Casa Systems in a research report on Tuesday, January 9th. They set an “outperform” rating and a $25.00 target price on the stock. William Blair assumed coverage on shares of Casa Systems in a report on Tuesday, January 9th. They issued an “outperform” rating on the stock. Morgan Stanley assumed coverage on shares of Casa Systems in a report on Tuesday, January 9th. They issued an “equal weight” rating and a $21.00 price target on the stock. Stifel Nicolaus assumed coverage on shares of Casa Systems in a report on Tuesday, January 9th. They issued a “buy” rating and a $23.00 price target on the stock. Finally, Barclays assumed coverage on shares of Casa Systems in a report on Tuesday, January 9th. They issued an “equal weight” rating and a $17.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $22.17.

Casa Systems (CASA) traded down $0.46 during trading on Tuesday, hitting $19.96. 212,935 shares of the company’s stock traded hands, compared to its average volume of 318,482. Casa Systems has a 1 year low of $13.25 and a 1 year high of $21.29.

In other Casa Systems news, Director Bruce R. Evans acquired 250,000 shares of Casa Systems stock in a transaction that occurred on Tuesday, December 19th. The stock was acquired at an average cost 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 is available at this link. Also, CEO Jerry Guo purchased 100,000 shares of Casa Systems stock in a transaction dated Tuesday, December 19th. The shares were purchased 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.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by BBNS and is the property of of BBNS. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://baseballnewssource.com/markets/casa-systems-casa-now-covered-by-analysts-at-raymond-james-financial/1823976.html.

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.

Analyst Recommendations for Casa Systems (NASDAQ:CASA)

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.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.