The stock of Acacia Communications, Inc. (NASDAQ:ACIA) is a huge mover today! About 2.29 million shares traded hands or 19.27% up from the average. Acacia Communications, Inc. (NASDAQ:ACIA) has risen 6.00% since September 5, 2016 and is uptrending. It has underperformed by 2.26% the S&P500.
The move comes after 9 months positive chart setup for the $4.17 billion company. It was reported on Oct, 5 by Barchart.com. We have $164.59 PT which if reached, will make NASDAQ:ACIA worth $1.88 billion more.
Analysts await Acacia Communications, Inc. (NASDAQ:ACIA) to report earnings on November, 10. ACIA’s profit will be $17.61 million for 59.33 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 firm has “Buy” rating by Deutsche Bank given on Friday, September 9. The rating was maintained by Deutsche Bank on Thursday, July 14 with “Buy”. The firm has “Neutral” rating given on Tuesday, June 7 by Goldman Sachs. Needham maintained the stock with “Buy” rating in Friday, August 12 report. The company was initiated on Tuesday, June 7 by Deutsche Bank. On Tuesday, June 7 the stock rating was initiated by Cowen & Co with “Outperform”. The stock has “Buy” rating given by Needham on Tuesday, June 7.
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: Streetinsider.com which released: “Acacia Communications (ACIA) Offers Strong Prelim. Q3 Results” on October 04, 2016. Also Streetinsider.com published the news titled: “Acacia Communications (ACIA) Announces 4.5M Share Common Stock Follow-on Offering” on October 04, 2016. 247Wallst.com‘s news article titled: “Why Acacia Communications Is Falling” with publication date: September 26, 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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