Price Action Alert: How Analysts Feel About Acacia Communications, Inc. After Today’s Significant Decline?

Price Action Alert: How Analysts Feel About Acacia Communications, Inc. After Today's Significant Decline?

The stock of Acacia Communications, Inc. (NASDAQ:ACIA) is a huge mover today! The stock decreased 3.66% or $3.78 during the last trading session, hitting $99.5. About 1.02 million shares traded hands. Acacia Communications, Inc. (NASDAQ:ACIA) has risen 6.00% since September 4, 2016 and is uptrending. It has underperformed by 6.22% the S&P500.
The move comes after 7 months negative chart setup for the $3.57B company. It was reported on Oct, 4 by Barchart.com. We have $90.55 PT which if reached, will make NASDAQ:ACIA worth $321.30M less.

Analysts await Acacia Communications, Inc. (NASDAQ:ACIA) to report earnings on November, 10. ACIA’s profit will be $17.22M for 51.82 P/E if the $0.48 EPS becomes a reality. After $0.43 actual earnings per share reported by Acacia Communications, Inc. for the previous quarter, Wall Street now forecasts 11.63% EPS growth.

Acacia Communications, Inc. (NASDAQ:ACIA) Ratings Coverage

Out of 4 analysts covering Acacia Communications (NASDAQ:ACIA), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Acacia Communications has been the topic of 7 analyst reports since June 7, 2016 according to StockzIntelligence Inc. The stock has “Buy” rating given by Deutsche Bank on Friday, September 9. Deutsche Bank initiated the shares of ACIA in a report on Tuesday, June 7 with “Buy” rating. The rating was initiated by Needham with “Buy” on Tuesday, June 7. Deutsche Bank maintained the shares of ACIA in a report on Thursday, July 14 with “Buy” rating. The firm earned “Neutral” rating on Tuesday, June 7 by Goldman Sachs. The firm earned “Buy” rating on Friday, August 12 by Needham. Cowen & Co initiated Acacia Communications, Inc. (NASDAQ:ACIA) rating on Tuesday, June 7. Cowen & Co has “Outperform” rating and $53 price target.

According to Zacks Investment Research, “Acacia Communications, Inc. designs, develops, manufactures and markets communication equipments. The Company offers coherent optical interconnect products for cloud infrastructure operators and content and communication service providers. It operates primarily in the Americas, Europe, the Middle East, Africa and the Asia Pacific region. Acacia Communications, Inc. is headquartered in Maynard, Massachusetts.”

More recent Acacia Communications, Inc. (NASDAQ:ACIA) news were published by: 247Wallst.com which released: “Why Acacia Communications Is Falling” on September 26, 2016. Also Marketwatch.com published the news titled: “/quotes/zigman/3870025/realtime” on May 02, 2016. Fool.com‘s news article titled: “Why Acacia Communications, Inc. Stock Popped Today” with publication date: August 15, 2016 was also an interesting one.

ACIA Company Profile

Acacia Communications, Inc. is engaged in delivering coherent optical interconnect products. The Firm offers its products for communications networks, relied upon by cloud infrastructure operators, and content and communication service providers. The Firm offers siliconization of optical interconnect process. The Company’s products include a series of low-power coherent digital signal processor application-specific integrated circuits (DSP ASICs) and silicon photonic integrated circuits (silicon PICs), which it has integrated into families of optical interconnect modules with transmission speeds ranging from 40 to 400 gigabits per second (Gbps) for use in metro and inter-data center markets. The Company’s modules perform a range of DSP and optical functions in optical interconnects. With standard interfaces, the Company’s modules are integrated with customer’s network equipment. The software in its modules enables configurability and automation; provides insight into network and connection point characteristics, and helps identify network performance problems. The Company’s modules are rooted in its coherent DSP ASICs and silicon PICs. The Company’s coherent DSP ASICs are manufactured using complementary metal oxide semiconductor (CMOS) and its silicon PICs are manufactured using a CMOS-compatible process.

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