UPDATE: Barclays Upgrades Casa Sytems, Inc. (CASA) to Overweight

January 14, 2021 7:44 AM EST
Get Alerts CASA Hot Sheet
Price: $6.31 +3.44%

Rating Summary:
    4 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 8 | New: 36
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(Updated - January 14, 2021 7:48 AM EST)

Barclays analyst Tim Long upgraded Casa Sytems, Inc. (NASDAQ: CASA) from Equalweight to Overweight with a price target of $9.00 (from $6.00).

The analyst comments "We believe that Casa Systems has undergone a fundamental transformation in its business over the past 18 months by ramping its wireless business and acquiring NetComm. The company now has access to growth opportunities in 5G, fixed wireline and wireless access, as well as next generation cable architectures. Management has executed well on expenses, and we see revenue growth translating into strong operating leverage."

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 $7.35 yesterday.

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