William Blair Comments on Casa Systems Inc’s FY2017 Earnings (CASA)

Casa Systems Inc (NASDAQ:CASA) – Analysts at William Blair issued their FY2017 earnings per share estimates for Casa Systems in a research report issued on Tuesday. William Blair analyst J. Ader expects that the company will earn $1.06 per share 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.

Other equities research analysts also recently issued research reports about the stock. Macquarie started coverage on shares of Casa Systems in a research note on Wednesday. They set an “outperform” rating and a $24.00 target price for the company. Stifel Nicolaus started coverage on shares of Casa Systems in a research report on Tuesday. They issued a “buy” rating and a $23.00 price objective for the company. Northland Securities started coverage on shares of Casa Systems in a research report on Tuesday. They issued an “outperform” rating and a $25.00 price objective for the company. Raymond James Financial started coverage on shares of Casa Systems in a research report on Tuesday. They issued an “outperform” rating and a $23.00 price objective for the company. Finally, Morgan Stanley started coverage on shares of Casa Systems in a research report on Tuesday. They issued an “equal weight” rating and a $21.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.17.

Shares of Casa Systems (NASDAQ:CASA) opened at $19.68 on Thursday. Casa Systems has a 12 month low of $13.25 and a 12 month high of $20.00.

In related news, Director Bruce R. Evans purchased 250,000 shares of Casa Systems stock in a transaction dated Tuesday, December 19th. The stock was bought at an average cost of $13.00 per share, for a total transaction of $3,250,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jerry Guo purchased 100,000 shares of Casa Systems stock in a transaction dated Tuesday, December 19th. The shares were bought 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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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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