Casa Systems, Inc. (CASA) provides software-centric broadband products in North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific.
The company offers converged cable access platform solutions that allow cable service providers to deliver voice, video, and data services over a single platform at multi-gigabit speeds.
It also provides solutions for next-generation distributed and virtualized architectures in cable operator, fixed telecom, and wireless networks.
The Company also provides a solution enabling cable service providers to deliver IP voice, digital video and data over a single port; a solution enabling cable service providers to deliver multi-gigabit speeds to their subscribers; and a remote node solution to enable distributed broadband cable access at gigabit speeds.
The Company offers a scalable solution that meet the evolving bandwidth needs of its customers and their subscribers. Its first installation in a cable service provider’s network frequently involves deploying its broadband products in only a portion of the provider’s network and with only a fraction of the capacity of products enabled at the time of initial installation.
Shares of the recent IPO have formed a bullish "cup and handle" and are expected to head higher out of this formation.
52-Weeks Trading Range: $13.25 to $22.50
Entry Point: $19.50
Stop Loss: $18.50
Target Price: $21.45
CASA closed at $21.92