Barclays initiated coverage on shares of Casa Systems (NASDAQ:CASA) in a report released on Tuesday, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $17.00 price target on the stock.
Casa Systems (CASA) traded up $0.83 during trading hours on Tuesday, reaching $20.51. 724,314 shares of the company’s stock were exchanged, compared to its average volume of 321,467. Casa Systems has a one year low of $13.25 and a one year high of $20.51.
In related news, Director Bruce R. Evans purchased 250,000 shares of Casa Systems stock in a transaction dated Tuesday, December 19th. The shares were acquired at an average price of $13.00 per share, with a total value of $3,250,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jerry Guo purchased 100,000 shares of Casa Systems stock in a transaction dated Tuesday, December 19th. The shares were bought at an average cost 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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