Casa Systems (CASA) Set to Announce Earnings on Wednesday

Casa Systems (NASDAQ:CASA) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Casa Systems has set its FY 2019 guidance at $0.30-0.40 EPS and its FY19 guidance at $0.30-0.40 EPS.

Casa Systems (NASDAQ:CASA) last announced its quarterly earnings results on Thursday, February 21st. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.05. Casa Systems had a return on equity of 86.77% and a net margin of 24.57%. The business had revenue of $67.83 million during the quarter, compared to the consensus estimate of $65.93 million. On average, analysts expect Casa Systems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Casa Systems stock opened at $9.80 on Monday. Casa Systems has a 12-month low of $8.11 and a 12-month high of $24.81. The firm has a market cap of $820.50 million, a P/E ratio of 12.25 and a beta of -0.53. The company has a quick ratio of 4.11, a current ratio of 4.69 and a debt-to-equity ratio of 3.92.

Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Casa Systems from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. DA Davidson started coverage on Casa Systems in a report on Monday, March 18th. They set a “buy” rating and a $12.00 price target for the company. Raymond James cut Casa Systems from an “outperform” rating to a “market perform” rating in a research report on Friday, February 22nd. William Blair cut Casa Systems from an “outperform” rating to a “market perform” rating in a research report on Friday, February 22nd. Finally, Needham & Company LLC cut Casa Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Casa Systems presently has a consensus rating of “Hold” and a consensus price target of $15.63.

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About Casa Systems

Casa Systems, Inc provides software-centric broadband products in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers solutions that allow cable service providers to deliver voice, video, and data services over a single platform at multi-gigabit speeds.

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Earnings History for Casa Systems (NASDAQ:CASA)

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