Casa Systems (CASA) Coverage Initiated by Analysts at Barclays

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.

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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.

Analyst Recommendations for Casa Systems (NASDAQ:CASA)

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