Casa Systems (CASA) Coverage Initiated at Northland Securities

Northland Securities assumed coverage on shares of Casa Systems (NASDAQ:CASA) in a research report report published on Tuesday, January 9th, Marketbeat.com reports. The firm issued an outperform rating and a $25.00 target price on the stock.

Other research analysts have also issued reports about the company. William Blair began coverage on Casa Systems in a report on Tuesday, January 9th. They set an outperform rating on the stock. Morgan Stanley started coverage on Casa Systems in a report on Tuesday, January 9th. They issued an equal weight rating and a $21.00 price objective on the stock. Stifel Nicolaus started coverage on Casa Systems in a report on Tuesday, January 9th. They issued a buy rating and a $23.00 price objective on the stock. Finally, Barclays started coverage on Casa Systems in a report on Tuesday, January 9th. They issued an equal weight rating and a $17.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Casa Systems presently has an average rating of Buy and an average price target of $22.17.

Casa Systems (NASDAQ CASA) traded up $0.83 during trading hours on Tuesday, hitting $20.51. The company’s stock had a trading volume of 724,300 shares, compared to its average volume of 321,467. Casa Systems has a 52-week low of $13.25 and a 52-week high of $20.51.

In other Casa Systems news, CEO Jerry Guo acquired 100,000 shares of the company’s 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 $1,300,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bruce R. Evans acquired 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired at an average price of $13.00 per share, with a total value of $3,250,000.00. The disclosure for this purchase can be found here.

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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.

Analyst Recommendations for Casa Systems (NASDAQ:CASA)

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