Somewhat Positive Media Coverage Somewhat Unlikely to Impact Casa Systems (CASA) Share Price

Headlines about Casa Systems (NASDAQ:CASA) have been trending somewhat positive on Saturday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Casa Systems earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.0030032427249 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Casa Systems (CASA) traded down $0.60 during trading hours on Friday, reaching $18.04. 607,457 shares of the company’s stock traded hands, compared to its average volume of 334,528. Casa Systems has a 12 month low of $13.25 and a 12 month high of $22.50. The company has a current ratio of 3.78, a quick ratio of 3.22 and a debt-to-equity ratio of -2.74.

Several analysts have weighed in on CASA shares. Stifel Nicolaus started coverage on shares of Casa Systems in a research report on Tuesday, January 9th. They set a “buy” rating and a $23.00 target price on the stock. Morgan Stanley started coverage on shares of Casa Systems in a research report on Tuesday, January 9th. They set an “equal weight” rating and a $21.00 target price on the stock. William Blair started coverage on shares of Casa Systems in a research report on Tuesday, January 9th. They set an “outperform” rating on the stock. Barclays started coverage on shares of Casa Systems in a research report on Tuesday, January 9th. They set an “equal weight” rating and a $17.00 target price on the stock. Finally, Macquarie started coverage on shares of Casa Systems in a research report on Wednesday, January 10th. They set an “outperform” rating and a $24.00 target price on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $22.17.

In other Casa Systems news, CEO Jerry Guo acquired 100,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The shares were acquired at an average cost of $13.00 per share, with a total value of $1,300,000.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Bruce R. Evans acquired 250,000 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was acquired at an average cost of $13.00 per share, for a total transaction of $3,250,000.00. The disclosure for this purchase can be found here. 64.39% of the stock is currently owned by insiders.

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About Casa Systems

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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