Barclays initiated coverage on shares of Casa Systems (NASDAQ:CASA) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The firm issued an equal weight rating and a $17.00 price objective on the stock.
Shares of Casa Systems (CASA) traded up $0.56 during trading on Tuesday, hitting $19.04. 168,500 shares of the stock traded hands, compared to its average volume of 446,647. Casa Systems has a 1-year low of $13.25 and a 1-year high of $19.55.
In other Casa Systems news, Director Bruce R. Evans bought 250,000 shares of the firm’s 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jerry Guo bought 100,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were acquired at an average price of $13.00 per share, for a total transaction of $1,300,000.00. The disclosure for this purchase can be found here.
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.
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