Casa Systems (CASA) Research Coverage Started at Stifel Nicolaus

Stifel Nicolaus started coverage on shares of Casa Systems (NASDAQ:CASA) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The firm issued a buy rating and a $23.00 target price on the stock.

Separately, Barclays began coverage on shares of Casa Systems in a report on Tuesday. They set an equal weight rating and a $17.00 target price for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $22.17.

Shares of Casa Systems (CASA) traded up $0.83 during trading hours on Tuesday, reaching $20.51. 724,314 shares of the company were exchanged, compared to its average volume of 321,467. Casa Systems has a 1 year low of $13.25 and a 1 year high of $20.51.

In other news, CEO Jerry Guo acquired 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was purchased at an average price of $13.00 per share, with a total value of $1,300,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Bruce R. Evans acquired 250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was purchased at an average cost of $13.00 per share, with a total value of $3,250,000.00. The disclosure for this purchase can be found here.

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Casa Systems Company Profile

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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