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Fly News Breaks for March 18, 2019
CASA
Mar 18, 2019 | 19:47 EDT
DA Davidson analyst Mark Kelleher initiated Casa Systems with a Buy rating and a price target of $12, saying the company is well positioned for the "5G revolution". The analyst contends that Casa Systems' capabilities in CCAP/DOCSIS, microcells and remote PHY should produce "significant revenue and earnings growth. Kelleher further states that the company's recent purchase of NetComm "adds product and customer diversification" and is expected to generate $150M of annual revenue.
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