How have CASA shares performed in 2024?

Casa Systems' stock was trading at $0.53 at the beginning of the year. Since then, CASA stock has decreased by 93.4% and is now trading at $0.0350. View the best growth stocks for 2024 here .

When is Casa Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our CASA earnings forecast .

How were Casa Systems' earnings last quarter?

Casa Systems, Inc. (NASDAQ:CASA) announced its earnings results on Monday, November, 1st. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.05 by $0.10. The firm earned $99.22 million during the quarter, compared to analyst estimates of $106.45 million. During the same quarter in the previous year, the business posted $0.04 earnings per share.

What is Jerry Guo's approval rating as Casa Systems' CEO?

34 employees have rated Casa Systems Chief Executive Officer Jerry Guo on Glassdoor.com . Jerry Guo has an approval rating of 54% among the company's employees. This puts Jerry Guo in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Casa Systems own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Casa Systems investors own include Applied Materials (AMAT) , FTS International (FTSI) , Nektar Therapeutics (NKTR) , Corus Entertainment (CJREF) , Lam Research (LRCX) , Advanced Energy Industries (AEIS) , KLA (KLAC) , SP Plus (SP) , Block (SQ) and THOR Industries (THO) .

When did Casa Systems IPO?

Casa Systems (CASA) raised $78 million in an initial public offering on Friday, December 15th 2017. The company issued 6,000,000 shares at a price of $13.00 per share. Morgan Stanley and Barclays served as the underwriters for the IPO and Raymond James, Stifel, Macquarie Capital, Northland Capital Markets and William Blair were co-managers.

How do I buy shares of Casa Systems?

Shares of CASA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:CASA

Casa Systems (CASA) Stock Price, News & Analysis

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$0.04

-0.02 (-36.36%)

(As of 04/4/2024)

Compare

Today's Range: $0.03
▼
$0.05
50-Day Range: $0.04
▼
$0.42
52-Week Range: $0.03
▼
$1.42

Volume: 30.08 million shs
Average Volume: 1.75 million shs
Market Capitalization: $3.47 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

Get Casa Systems alerts:

Casa Systems MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.26% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.07
Upright™ Environmental Score
News Sentiment: 0.41
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.95) to ($0.31) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.26 out of 5 stars

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Casa Systems.

5.0

Short Interest

Percentage of Shares Shorted
1.26% of the float of Casa Systems has been sold short.
Short Interest Ratio / Days to Cover
Casa Systems has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Casa Systems has recently decreased by 15.51%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Casa Systems does not currently pay a dividend.
Dividend Growth
Casa Systems does not have a long track record of dividend growth.

3.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Casa Systems has received a 47.63% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Corporate internet network provision", "Fixed consumer internet provision", "Telecommunications network installation for 5G networks", "Mobile consumer internet provision", and "Wireless access points" products. See details.
Environmental Sustainability
The Environmental Impact score for Casa Systems is -1.07.

1.3

News and Social Media Coverage

News Sentiment
Casa Systems has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Casa Systems this week, compared to 3 articles on an average week.
Search Interest
Only 4 people have searched for CASA on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Casa Systems to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Casa Systems insiders have not sold or bought any company stock.
Percentage Held by Insiders
65.10% of the stock of Casa Systems is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
48.25% of the stock of Casa Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Casa Systems are expected to grow in the coming year, from ($0.95) to ($0.31) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Casa Systems is -0.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Casa Systems is -0.03, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Casa Systems has a P/B Ratio of 0.07. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Casa Systems Stock (NASDAQ:CASA)

Casa Systems, Inc., a communications technology company, provides solutions for next-generation physical, virtualized, and cloud native architectures for cable broadband, fixed-line broadband, and wireless networks in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. It offers converged cable access platforms; wireless network core products, such as virtual evolved packet and 5G core products, as well as small cell solutions, axyom element management system, and fixed wireless access devices; and virtual, centralized, and distributed deployment, and bandwidth capacity expansion systems. The company provides optical access solutions, virtualized broadband network gateway router and multiservice router, fiber extension, and residential broadband gateways; and machine-to-machine and industrial internet of things routers. Casa Systems, Inc. was incorporated in 2003 and is headquartered in Andover, Massachusetts.

CASA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CASA Stock News Headlines

April 5, 2024 | yahoo.com

Vecima Intends to Challenge Harmonic’s Virtual Cable Tech Dominance With Casa Systems Purchase

April 4, 2024 | bizjournals.com

Five things: Steward Health, Chapter 11 filing, cheap burritos and remembering MLK

April 16, 2024 | InvestorPlace (Ad)

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April 4, 2024 | investorplace.com

Why Is Casa Systems (CASA) Stock Down 24% Today?

April 4, 2024 | wsj.com

Communications Technology Business Casa Systems Files for Chapter 11 Bankruptcy

April 3, 2024 | finance.yahoo.com

Casa Acquires Cryptography Team Chamber, Names New COO and CTO

April 3, 2024 | msn.com

Casa Systems Files for Bankruptcy, Sells Off Cable Tech, 5G Core and RAN Assets

April 3, 2024 | wsj.com

Communications Equipment Maker Casa Systems Files for Chapter 11

April 16, 2024 | InvestorPlace (Ad)

Elon Musk’s ChatGPT Could Soon Mint New Millionaires

Elon Musk made $180 million on PayPal… $47 Billion on SpaceX…and $94.2 Billion on Tesla. He’s about to shock the world again with his version of ChatGPT.

April 3, 2024 | finanznachrichten.de

Casa Systems, Inc.: Casa Systems Initiates Court-Supervised Chapter 11 Sale Process for Businesses

April 3, 2024 | msn.com

Southern Colorado state park installs pedestrian bridge

April 3, 2024 | financialpost.com

Vecima Announces Intent to Acquire the Assets of Casa Systems' Cable Business

April 3, 2024 | msn.com

Vecima Networks proposes to acquire the assets of Casa Systems' Cable business for $20 million

April 3, 2024 | finance.yahoo.com

Lumine Group Enters into an Agreement to Acquire Casa Systems’ Axyom Cloud Native 5G Core Software & RAN Assets

April 3, 2024 | globenewswire.com

Lumine Group Enters into an Agreement to Acquire Casa Systems' Axyom Cloud Native 5G Core Software & RAN Assets

April 3, 2024 | globenewswire.com

Casa Systems Initiates Court-Supervised Chapter 11 Sale Process for Businesses

April 2, 2024 | msn.com

26 Rooms Shaping Culture

April 2, 2024 | msn.com

Kelce Jam 2024 to headline Lil Wayne, 2 Chainz and Diplo

April 2, 2024 | finance.yahoo.com

Casa Systems, Inc. (CASA) Stock Historical Prices & Data - Yahoo Finance

April 1, 2024 | bloomberg.com

Rodrigo Velasco of Casa de Bolsa Santander: Learning from life

March 31, 2024 | msn.com

Recent cases of domestic violence in Kershaw, Orangeburg and Sumter counties lead to death and heartbreak

March 31, 2024 | msn.com

So You Want to Work Abroad: A Guide to Totalization Agreements

March 29, 2024 | msn.com

Bodies of two construction workers found in pickup truck near Key Bridge collapse in Baltimore

March 29, 2024 | msn.com

Musk announces goal for fourth Starship launch

March 28, 2024 | msn.com

Working Abroad: What Are Totalization Agreements?

March 28, 2024 | bizjournals.com

Kohler secures federal funding for decarbonization at huge Arizona plant

March 28, 2024 | msn.com

Noxious Stinknet Forces Closure Of Picnic Area At Arizona's Casa Grande Ruins National Monument

See More Headlines

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Company Calendar

Last Earnings: 11/01/2021
Today: 4/15/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Discretionary
Industry: Radio & t.v. communications equipment
Sub-Industry: N/A
Current Symbol: NASDAQ:CASA
CUSIP: N/A
CIK: 1333835
Web: www.casa-systems.com
Phone: (978) 688-6706
Fax: 978-688-6584
Employees: 1,043
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): ($1.11)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-79,210,000.00
Net Margins: -42.90%
Pretax Margin: -43.85%
Return on Equity: N/A
Return on Assets: -22.35%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.48
Quick Ratio: 0.81

Sales & Book Value

Annual Sales: $286.54 million
Price / Sales: 0.01
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.52 per share
Price / Book: 0.07

Miscellaneous

Outstanding Shares: 99,110,000
Free Float: 34,589,000
Market Cap: $3.47 million
Optionable: Optionable
Beta: 1.26

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Key Executives

Mr. Jerry Guo (Age 61)
Founder, Secretary & Director
Comp: $742.2k
Mr. Michael Glickman (Age 60)
CEO, President, Principal Executive Officer & Director
Mr. Edward M. Durkin (Age 63)
Chief Financial Officer
Mr. Philip E. Paro (Age 42)
Principal Accounting Officer
Mr. Santanu Dasgupta
Chief Technology Officer
Mr. Michael Picariello
Director of Investor Relations
Mr. Timothy C. Rodenberger
General Counsel
Ms. Carmen A. Pombeiro
Chief Human Resources Officer
Mr. Steve Collins
Senior Vice President of Access Devices
Mr. Gibson Ang
Senior Vice President of Product Management

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

CASA Stock Analysis - Frequently Asked Questions

How have CASA shares performed in 2024?: Casa Systems' stock was trading at $0.53 at the beginning of the year. Since then, CASA stock has decreased by 93.4% and is now trading at $0.0350.
View the best growth stocks for 2024 here.
When is Casa Systems' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our CASA earnings forecast.
How were Casa Systems' earnings last quarter?: Casa Systems, Inc. (NASDAQ:CASA) announced its earnings results on Monday, November, 1st. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.05 by $0.10. The firm earned $99.22 million during the quarter, compared to analyst estimates of $106.45 million. During the same quarter in the previous year, the business posted $0.04 earnings per share.
What is Jerry Guo's approval rating as Casa Systems' CEO?: 34 employees have rated Casa Systems Chief Executive Officer Jerry Guo on Glassdoor.com. Jerry Guo has an approval rating of 54% among the company's employees. This puts Jerry Guo in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Casa Systems own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Casa Systems investors own include Applied Materials (AMAT), FTS International (FTSI), Nektar Therapeutics (NKTR), Corus Entertainment (CJREF), Lam Research (LRCX), Advanced Energy Industries (AEIS), KLA (KLAC), SP Plus (SP), Block (SQ) and THOR Industries (THO).
When did Casa Systems IPO?: Casa Systems (CASA) raised $78 million in an initial public offering on Friday, December 15th 2017. The company issued 6,000,000 shares at a price of $13.00 per share. Morgan Stanley and Barclays served as the underwriters for the IPO and Raymond James, Stifel, Macquarie Capital, Northland Capital Markets and William Blair were co-managers.
How do I buy shares of Casa Systems?: Shares of CASA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CASA) was last updated on 4/16/2024 by MarketBeat.com Staff

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Casa Systems (CASA) Stock Price, News & Analysis

Casa Systems MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Casa Systems Stock (NASDAQ:CASA)

CASA Stock Price History

CASA Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

CASA Stock Analysis - Frequently Asked Questions

Overall MarketRank^™