Casa Systems (NASDAQ:CASA) was upgraded by research analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a report issued on Wednesday, MarketBeat.com reports. The firm presently has a $6.00 target price on the stock. Northland Securities’ target price points to a potential upside of 42.18% from the stock’s previous close.
Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Casa Systems from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Wednesday, January 29th. Needham & Company LLC reaffirmed a “hold” rating on shares of Casa Systems in a research report on Friday, November 1st. Finally, Barclays reaffirmed a “hold” rating and set a $7.00 price objective on shares of Casa Systems in a research report on Sunday, November 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $8.10.
NASDAQ:CASA opened at $4.22 on Wednesday. Casa Systems has a 1 year low of $3.09 and a 1 year high of $12.46. The company has a current ratio of 3.26, a quick ratio of 2.16 and a debt-to-equity ratio of 4.53. The stock has a market cap of $313.52 million, a price-to-earnings ratio of -42.20 and a beta of 0.63. The stock has a 50-day moving average price of $4.03 and a two-hundred day moving average price of $5.24.
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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