Stock Price Suggests That Casa Systems, Inc. Will Trail Industry Growth - A Valuation Exercise

About: Casa Systems, Inc. (CASA)
by: Leslie Harrison CFA
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Leslie Harrison CFA
Long/short equity, Deep Value, event-driven, contrarian

Current stock price reflects a more pessimistic view of the company's future than what management portrays.

Investors are likely over-concerned on the near-term uncertainty regarding the industry transition to DAA technology.

Assuming CASA can maintain market share and follow industry forecast, the fair value of the stock should be closer to $9.

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