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.
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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.
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