Needham & Company Starts Casa Sytems, Inc. (CASA) at Buy

Needham & Company analyst Richard Valera initiates coverage on Casa Sytems, Inc. (NASDAQ: CASA) with a Buy rating and a price target of $19.00.

The analyst comments "..., we see CASA as having the potential for sustained DD% top line growth with continued strong (30%+) op margins. We initiate coverage with a Buy rating and establish a PT of $19, equivalent to an EV/C’20 EPS of 17x. The key risks we see to our estimates and PT are the inherent volatility of CASA's customer spending patterns and the risks associated with deployment and acceptance of new products."

For an analyst ratings summary and ratings history on Casa Sytems, Inc. click here. For more ratings news on Casa Sytems, Inc. click here.

Shares of Casa Sytems, Inc. closed at $15.00 yesterday.

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