Could Casa Systems, Inc. (CASA) Recover After Forming a Bullish Double Top Chart Pattern?

April 25, 2018 - By Peter Erickson

The chart of Casa Systems, Inc. (CASA) shows a double top with $27.33 target or 4.00 % above today’s $26.28 share price. The 5 months chart pattern indicates low risk for the $2.14B company. It was reported on Apr, 25 by Finviz.com. If the $27.33 price target is reached, the company will be worth $85.76 million more. Double tops are rare but powerful chart patterns.

The stock decreased 11.81% or $3.52 during the last trading session, reaching $26.28. About 1.82 million shares traded or 173.71% up from the average. Casa Systems, Inc. (NASDAQ:CASA) has 0.00% since April 25, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await Casa Systems, Inc. (NASDAQ:CASA) to report earnings on June, 5. CASA’s profit will be $15.50 million for 34.58 P/E if the $0.19 EPS becomes a reality. After $0.54 actual EPS reported by Casa Systems, Inc. for the previous quarter, Wall Street now forecasts -64.81 % negative EPS growth.

Casa Systems, Inc. (NASDAQ:CASA) Ratings Chart

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