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Fly News Breaks for August 7, 2019
Aug 7, 2019 | 17:38 EDT
Barclays analyst Tim Long initiated Casa Systems with an Equal Weight rating and a price target of $8. The analyst notes the company's cable equipment end market has been challenging as Multiple-System Operators have reduced their capital spending. The analyst also says that Wireless is an attractive opportunity for Casa Systems, but revenues have been pushed out by development delays.