Northland lowered the firm’s price target on Casa Systems to $1.25 from $2.50 and keeps an Outperform rating on the shares following a lower than expected Q3 report and guidance. Despite a significant slowdown in Cable, seen broadly across the sector in recent quarters, the company’s 5G Core software unit continues to gain traction, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CASA:
- YTL Communications’ 5G Core Powered by Casa Systems’ Cloud-Native NFV Solutions Wins Second Consecutive Ookla Speedtest Award for Fastest Mobile Network in Malaysia
- Casa Systems to Release Third Quarter 2023 Results on November 7, 2023
- Casa Systems announces increase in capacity for Axyom vCCAP
- Casa Systems to Showcase Cloud-Native Technologies Delivering the Future of Broadband at SCTE Cable-Tec 2023
- Casa Systems selected by UScellular for self-install 5G outdoor fixed wireless