The stock of Acacia Communications, Inc. (NASDAQ:ACIA) is a huge mover today! About 1.39 million shares traded hands. Acacia Communications, Inc. (NASDAQ:ACIA) has risen 6.00% since October 23, 2016 and is uptrending. It has outperformed by 1.44% the S&P500.
The move comes after 8 months positive chart setup for the $2.84B company. It was reported on Nov, 22 by Barchart.com. We have $82.94 PT which if reached, will make NASDAQ:ACIA worth $198.80M more.
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 8 analyst reports since June 7, 2016 according to StockzIntelligence Inc. Needham maintained Acacia Communications, Inc. (NASDAQ:ACIA) on Tuesday, October 11 with “Buy” rating. The rating was maintained by Deutsche Bank on Thursday, July 14 with “Buy”. On Tuesday, June 7 the stock rating was initiated by Needham with “Buy”. Needham maintained the shares of ACIA in a report on Friday, August 12 with “Buy” rating. The firm has “Buy” rating given on Friday, September 9 by Deutsche Bank. Goldman Sachs initiated the shares of ACIA in a report on Tuesday, June 7 with “Neutral” rating. Deutsche Bank initiated the stock with “Buy” rating in Tuesday, June 7 report. Cowen & Co initiated it with “Outperform” rating and $53 target price in Tuesday, June 7 report.
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: Investorplace.com which released: “Buy Acacia Communications, Inc. (ACIA) for 185% Upside” on November 16, 2016. Also Globenewswire.com published the news titled: “Acacia Communications Recognized in Fierce Innovation Awards” on November 18, 2016. Globenewswire.com‘s news article titled: “Acacia Communications President and CEO Raj Shanmugaraj Recognized by Boston …” with publication date: November 17, 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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