Acacia Communications (ACIA) Set to Announce Earnings on Wednesday

Acacia Communications (NASDAQ:ACIA) will release its earnings data after the market closes on Wednesday, February 21st. Analysts expect Acacia Communications to post earnings of $0.25 per share for the quarter.

Acacia Communications (NASDAQ:ACIA) opened at $38.21 on Wednesday. Acacia Communications has a 1-year low of $34.20 and a 1-year high of $69.57. The firm has a market cap of $1,500.00 and a P/E ratio of 12.91.

In other Acacia Communications news, CEO Murugesan Shanmugaraj sold 6,975 shares of the stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $38.23, for a total transaction of $266,654.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christian J. Rasmussen sold 32,000 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $35.05, for a total transaction of $1,121,600.00. The disclosure for this sale can be found here. Insiders sold a total of 96,758 shares of company stock valued at $3,527,259 in the last ninety days. 37.10% of the stock is currently owned by insiders.

ACIA has been the subject of a number of research reports. Piper Jaffray Companies initiated coverage on shares of Acacia Communications in a research note on Tuesday. They set an “overweight” rating for the company. UBS Group initiated coverage on shares of Acacia Communications in a research note on Wednesday, January 31st. They set a “buy” rating and a $50.00 target price for the company. Northland Securities set a $42.00 target price on shares of Acacia Communications and gave the company a “buy” rating in a research note on Monday, January 29th. Loop Capital initiated coverage on shares of Acacia Communications in a research note on Monday, January 29th. They set a “buy” rating and a $50.00 target price for the company. Finally, William Blair reiterated a “buy” rating on shares of Acacia Communications in a research note on Tuesday, December 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $49.60.

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Acacia Communications Company Profile

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.

Earnings History for Acacia Communications (NASDAQ:ACIA)

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