Barclays assumed coverage on shares of Casa Systems (NASDAQ:CASA) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The firm issued an equal weight rating and a $17.00 price objective on the stock.
Shares of Casa Systems (CASA) opened at $20.51 on Tuesday. Casa Systems has a 1-year low of $13.25 and a 1-year high of $20.51.
In other Casa Systems news, CEO Jerry Guo bought 100,000 shares of the stock in a transaction on Tuesday, December 19th. The stock was acquired at an average cost of $13.00 per share, for a total transaction of $1,300,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce R. Evans bought 250,000 shares of the stock in a transaction on Tuesday, December 19th. The stock was acquired at an average price of $13.00 per share, with a total value of $3,250,000.00. The disclosure for this purchase can be found here. Insiders own 64.39% of the company’s stock.
WARNING: This piece of content was reported by Stock Observer and is owned by of Stock Observer. If you are reading this piece of content on another website, it was stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this piece of content can be read at https://www.thestockobserver.com/2018/01/13/casa-systems-casa-coverage-initiated-by-analysts-at-barclays.html.
Casa Systems Company Profile
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.
Receive News & Ratings for Casa Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casa Systems and related companies with MarketBeat.com's FREE daily email newsletter.