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CASA

Casa Systems

$12.02

0.29 (2.47%)

16:33
02/13/19
02/13
16:33
02/13/19
16:33

Casa Systems downgraded to Hold from Buy at Needham

Needham analyst Richard Valera downgraded Casa Systems to Hold saying 2019 "looks like another challenging year" for the company.

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CASA Casa Systems
$12.02

0.29 (2.47%)

01/18/19
MSCO
01/18/19
DOWNGRADE
Target $11
MSCO
Equal Weight
Casa Systems downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Meta Marshall downgraded Casa Systems to Equal Weight and lowered her price target for the shares to $11 from $18 after the company pre-announced fourth quarter revenue will come in about 30%-35% below the midpoint of its previous guidance. While Marshall sees the company having a attractive business model and the opportunity to gain share in expansion markets like wireless, she thinks the inability to forecast the pace of a transition to distributed architectures will limit the stock's potential for now, she tells investors. Stifel analyst John Marchetti also downgraded Casa Systems to Hold from Buy this morning, citing a lack of a visibility.
01/18/19
NEED
01/18/19
NO CHANGE
Target $14
NEED
Buy
Casa Systems price target lowered to $14 from $19 at Needham
Needham analyst Richard Valera lowered his price target on Casa Systems to $14 after the company pre-announced Q4 results that were weaker than expected. The analyst notes that the release marked the 2nd time in the last three quarters that the company missed consensus, attributing the shortfall to "delays in CCAP spending as customers transition to DAA". Valera adds that even though Casa Systems did not provide guidance, he expects for FY19 estimates to come down substantially. The analyst also keeps his Buy rating on the stock to reflect its attractive valuation but contends that Casa Systems has now become a "show me" stock.
01/18/19
WBLR
01/18/19
NO CHANGE
WBLR
Outperform
William Blair sees $10-$12 as bottom for Casa Systems shares
William Blair analyst Jason Ader views $10-$12 per share as the bottom for shares of Casa Systems. The stock in premarket trading is down 27%, or $3.89, to $10.50 following last night's preannounced revenue miss. The analyst says that "despite all of the current issues," he continues to see a favorable risk/reward profile for Casa shares. Ader highlights the profitability of the company's business, which had 28% operating margins "even in a disaster of a quarter," and "sustainable demand" for higher speed internet connections across the globe. He keeps an Outperform rating on Casa Systems.
01/18/19
01/18/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Signet Jewelers (SIG) downgraded to Sell from Neutral at Citi with analyst Paul Lejuez saying in what was one of the strongest years from the consumer since the recession, Signet's comps and margins have been under pressure. 2. Casa Systems (CASA) downgraded to Equal Weight from Overweight at Morgan Stanley and to Hold from Buy at Stifel. 3. Sandy Spring Bancorp (SASR) downgraded to Hold from Buy at Sandler O'Neill and to Market Perform from Outperform at Keefe Bruyette. 4. Interpublic Group (IPG) downgraded to Sector Perform from Outperform at RBC Capital with analyst Steven Cahall saying he expects the company's organic growth to decelerate in 2019 after "recent account losses," stating that after a "fantastic" organic growth rate of 4.6%, Interpublic Group is now facing tougher comps. 5. Nautilus (NLS) downgraded to Neutral from Buy at Sidoti, DA Davidson, and B. Riley FBR, as well as to Hold from Buy at Lake Street. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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