In a report released today, Tim Savageaux from Northland Securities maintained a Buy rating on Casa Systems (CASA), with a price target of $7.00. The company’s shares closed last Thursday at $5.13.
According to TipRanks.com, Savageaux is a 4-star analyst with an average return of 5.3% and a 52.4% success rate. Savageaux covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, CommScope Holding, and Luna Innovations.
Currently, the analyst consensus on Casa Systems is a Hold with an average price target of $4.40.
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The company has a one-year high of $8.37 and a one-year low of $1.86. Currently, Casa Systems has an average volume of 535.2K.
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Casa Systems, Inc. engages in the provision and development of digital cable video and broadband services. Its products include cable, fixed, mobile, optical, and Wi-Fi networks; and casa access devices. The company was founded by Jerry Guo in 2003 and is headquartered in Andover, MA.
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