Blurbs

Barclays Thinks Casa Systems’ Stock is Going to Recover

In a report issued on February 24, Tim Long from Barclays maintained a Buy rating on Casa Systems (CASAResearch Report), with a price target of $7.00. The company’s shares closed last Friday at $4.10, close to its 52-week low of $3.68.

According to TipRanks.com, Long is a 5-star analyst with an average return of 12.7% and a 63.1% success rate. Long covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and Motorola Solutions.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Casa Systems with a $7.00 average price target.

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Based on Casa Systems’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $99.22 million and GAAP net loss of $876K. In comparison, last year the company earned revenue of $106 million and had a net profit of $3.47 million.

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Casa Systems, Inc. engages in the provision and development of digital cable video and broadband services. Its products include cable, fixed, mobile, optical, and Wi-Fi networks; and casa access devices. The company was founded by Jerry Guo in 2003 and is headquartered in Andover, MA.

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