Casa Systems Inc. (NASDAQ:CASA) traded at a new 52-week high today of $34.42. Approximately 37.3 million shares have changed hands today, as compared to an average 30-day volume of 198,000 shares.
In the past 52 weeks, shares of Casa Systems Inc. have traded between the current low of $1.92 and a high of $10.57 and is now at $4.24.
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.
Potential upside of 6.1% exists for Casa Systems Inc., based on a current level of $4.24 and analysts' average consensus price target of $4.50.
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