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Fly News Breaks for July 30, 2019
CASA
Jul 30, 2019 | 08:36 EDT
As previously reported, Raymond James analyst Simon Leopold downgraded Casa Systems to Underperform from Market Perform as a competitor's traction in virtualization projects threatens its core cable business. The analyst holds a negative bias on sales trends, but adds that while he had questioned the recently closed acquisition of NetComm, he now sees it as its "best hope." Leopold sees fair value near $4.50.
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