A number of firms have modified their ratings and price targets on shares of Acacia Communications (NASDAQ: ACIA) recently:

  • 11/8/2017 – Acacia Communications was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “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. “
  • 11/3/2017 – Acacia Communications had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $50.00 price target on the stock. They wrote, “Though 3Q17 results beat expectations, Acacia issued cautious 4Q17 guidance reflecting low visibility into the timing of China provincial network build-outs and seasonality in the DCI segment. While the company awaits a resumption in orders, it continues to invest heavily in new products to maintain its industry leadership position. New products including its CFP2 ACO, CFP2 DCO and silicon PIC will all ramp in 2H17 and the CFP2 ACO and DCO products should reach 10% of 2H17 sales. ACIA’s 1.2Tbps AC1200 solution remains on track to ramp in 2H18.””
  • 11/3/2017 – Acacia Communications was upgraded by analysts at B. Riley from a “neutral” rating to a “buy” rating. They now have a $49.00 price target on the stock, up previously from $44.00.
  • 11/3/2017 – Acacia Communications was upgraded by analysts at Cowen and Company to an “outperform” rating. They now have a $41.00 price target on the stock, down previously from $55.00.
  • 11/3/2017 – Acacia Communications had its price target lowered by analysts at DA Davidson to $48.00. They now have a “buy” rating on the stock.
  • 11/3/2017 – Acacia Communications was upgraded by analysts at AltaCorp Capital from a “neutral” rating to a “buy” rating.
  • 10/31/2017 – Acacia Communications is now covered by analysts at William Blair. They set a “buy” rating on the stock. They wrote, “We are lowering our fourth-quarter revenue and EPS estimates to $104 million and $0.37, respectively , from $115 million and $0.42, to handicap potential incremental risks from ADV A (14% customer in the last six months), ZTE (36% customer in the last six months), and seasonal lumpiness around ICP customers, which typically experience a slowdown in infrastructure purchases so as to not disrupt the holiday season.””
  • 10/23/2017 – Acacia Communications had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $50.00 price target on the stock.
  • 10/5/2017 – Acacia Communications had its price target lowered by analysts at MKM Partners from $64.00 to $61.00. They now have a “buy” rating on the stock.
  • 10/4/2017 – Acacia Communications was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “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. “

Shares of Acacia Communications, Inc. (ACIA) traded down $0.11 during midday trading on Tuesday, hitting $37.44. 310,100 shares of the stock were exchanged, compared to its average volume of 1,076,012. The firm has a market cap of $1,480.00 and a PE ratio of 12.95. Acacia Communications, Inc. has a twelve month low of $35.36 and a twelve month high of $79.38.

Acacia Communications (NASDAQ:ACIA) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.11. The business had revenue of $105.00 million for the quarter, compared to analysts’ expectations of $104.35 million. Acacia Communications had a net margin of 27.98% and a return on equity of 25.29%. The business’s revenue was down 22.4% on a year-over-year basis. During the same quarter last year, the company earned $1.01 EPS. sell-side analysts anticipate that Acacia Communications, Inc. will post 1.15 earnings per share for the current fiscal year.

In other news, CFO John F. Gavin sold 880 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $36.40, for a total transaction of $32,032.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Francis J. Murphy sold 598 shares of the stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $44.32, for a total value of $26,503.36. The disclosure for this sale can be found here. Insiders have sold a total of 23,481 shares of company stock worth $1,036,684 in the last ninety days. Corporate insiders own 37.10% of the company’s stock.

Acacia Communications, Inc provides high-speed coherent interconnect products. 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 100 to 400 gigabits per second (Gbps) for use in long-haul, metro and inter-data center markets.

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