Casa Systems (CASA) Earns Outperform Rating from Analysts at Raymond James Financial

Raymond James Financial assumed coverage on shares of Casa Systems (NASDAQ:CASA) in a research note released on Tuesday, Marketbeat Ratings reports. The firm issued an outperform rating and a $23.00 target price on the stock.

A number of other analysts have also issued reports on CASA. Stifel Nicolaus assumed coverage on Casa Systems in a report on Tuesday. They issued a buy rating and a $23.00 price target for the company. William Blair began coverage on Casa Systems in a report on Tuesday. They set an outperform rating for the company. Northland Securities began coverage on Casa Systems in a report on Tuesday. They set an outperform rating and a $25.00 target price for the company. Barclays began coverage on Casa Systems in a report on Tuesday. They set an equal weight rating and a $17.00 target price for the company. Finally, Morgan Stanley began coverage on Casa Systems in a report on Tuesday. They set an equal weight rating and a $21.00 target price for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $22.17.

Shares of Casa Systems (CASA) traded up $0.64 during midday trading on Tuesday, hitting $19.68. The company had a trading volume of 439,600 shares, compared to its average volume of 271,112. Casa Systems has a 12-month low of $13.25 and a 12-month high of $20.00.

In related news, CEO Jerry Guo bought 100,000 shares of the stock in a transaction on Tuesday, December 19th. The stock was bought at an average price of $13.00 per share, for a total transaction of $1,300,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bruce R. Evans purchased 250,000 shares of Casa Systems stock in a transaction dated Tuesday, December 19th. The shares were acquired 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.

Analyst Recommendations for Casa Systems (NASDAQ:CASA)

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