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

Media stories about Casa Systems (NASDAQ:CASA) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Casa Systems earned a news impact score of 0.14 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.9829010319278 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

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Shares of Casa Systems (NASDAQ:CASA) opened at $31.55 on Friday. The stock has a market cap of $2,690.00 and a PE ratio of 121.35. Casa Systems has a fifty-two week low of $13.25 and a fifty-two week high of $34.21. The company has a debt-to-equity ratio of 5.89, a current ratio of 4.23 and a quick ratio of 3.87.

Several research analysts have recently weighed in on the stock. Barclays reissued an “equal weight” rating and set a $25.00 price target (up previously from $21.00) on shares of Casa Systems in a research report on Wednesday, March 7th. Zacks Investment Research raised shares of Casa Systems from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Tuesday. Stifel Nicolaus boosted their price target on shares of Casa Systems from $23.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, March 7th. Northland Securities assumed coverage on shares of Casa Systems in a research report on Tuesday, January 9th. They set an “outperform” rating and a $25.00 price target on the stock. Finally, Morgan Stanley reissued an “equal weight” rating and set a $23.00 price target (up previously from $21.00) on shares of Casa Systems in a research report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.71.

In related news, CEO Jerry Guo acquired 100,000 shares of Casa Systems stock in a transaction that occurred on Tuesday, December 19th. The shares were purchased at an average cost of $13.00 per share, for a total transaction of $1,300,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Bruce R. Evans acquired 250,000 shares of Casa Systems stock in a transaction that occurred on Tuesday, December 19th. The stock was bought at an average price 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.

Insider Buying and Selling by Quarter for Casa Systems (NASDAQ:CASA)

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