CASA Stock Summary and Trading Ideas (Casa Systems | NASDAQ:CASA)

Casa Systems Inc is engaged in providing a suite of software-centric infrastructure solutions that allow cable service providers to deliver voice, video and data services over a single platform at multi-gigabit speeds. In addition, the company offers solutions for next-generation distributed and virtualized architectures in cable operator, fixed telecom, and wireless networks. The company focuses on creating a software-centric, multi-service portfolio that enables a broad range of core and access network functions for fixed and wireless networks. The company's product line includes cable networks, IP networks, mobile networks, optical networks, professional and managed services and others. Substantial revenue is generated from North American operations.

Casa Systems trades on the NASDAQ stock market under the symbol CASA.

As of April 19, 2024, CASA stock price was flat at $0.04 with million shares trading.

CASA has a beta of 2.33, meaning it tends to be more sensitive to market movements. CASA has a correlation of 0.01 to the broad based SPY ETF.

CASA has a market cap of $3.47 million. This is considered a Sub-Micro Cap stock.

Last quarter Casa Systems reported $62 million in Revenue and -$.20 earnings per share. This fell short of revenue expectation by $-13 million and missed earnings estimates by -$.21.

In the last 3 years, CASA stock traded as high as $9.75 and as low as $.03.

CASA has underperformed the market in the last year with a return of -97.0%, while the SPY ETF gained +21.5%. In the last 3 month period, CASA fell short of the market, returning -91.0%, while SPY returned +4.6%. However, in the most recent 2 weeks CASA has outperformed the stock market by returning 0.0%, while SPY returned -3.2%.

CASA support price is $.03 and resistance is $.04 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CASA stock will trade within this expected range on the day.