UPDATE: Raymond James Downgrades Casa Sytems, Inc. (CASA) to Underperform on Competitive Threat

July 30, 2019 5:18 AM EDT
Get Alerts CASA Hot Sheet
Price: $7.26 --0%

Rating Summary:
    4 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 21 | New: 44
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(Updated - July 30, 2019 8:12 AM EDT)

(updated to add analyst comments)

Raymond James analyst Simon Leopold downgraded Casa Sytems, Inc. (NASDAQ: CASA) from Market Perform to Underperform.

  • competitor's traction in virtualization projects threatens Casa's core cable business, and they hold a negative bias on sales trends.
  • Casa recently closed its acquisition of NetComm; initially they questioned the deal, and now they see it as its best hope.
  • Having taken the first pass at incorporating NetComm into their model and consider the downside and execution risk too high.

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 $6.83 yesterday.

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