Northland Securities Initiates Coverage on Casa Systems (CASA)

Equities research analysts at Northland Securities assumed coverage on shares of Casa Systems (NASDAQ:CASA) in a report issued on Tuesday, The Fly reports. The firm set an “outperform” rating on the stock.

Several other equities analysts have also issued reports on CASA. Barclays initiated coverage on shares of Casa Systems in a report on Tuesday. They issued an “equal weight” rating and a $17.00 price target on the stock. Stifel Nicolaus initiated coverage on shares of Casa Systems in a report on Tuesday. They issued a “buy” rating and a $23.00 price target on the stock. Morgan Stanley initiated coverage on shares of Casa Systems in a report on Tuesday. They issued an “equal weight” rating and a $21.00 price target on the stock. Finally, William Blair initiated coverage on shares of Casa Systems in a report on Tuesday. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Casa Systems currently has an average rating of “Buy” and a consensus price target of $21.00.

Casa Systems (NASDAQ:CASA) opened at $19.12 on Tuesday. Casa Systems has a 1-year low of $13.25 and a 1-year high of $19.55.

In related news, CEO Jerry Guo acquired 100,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were purchased at an average cost of $13.00 per share, with a total value of $1,300,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bruce R. Evans acquired 250,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were bought at an average cost of $13.00 per share, for a total transaction of $3,250,000.00. 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.

The Fly

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