The stock of Acacia Communications, Inc. (NASDAQ:ACIA) is a huge mover today! About 1.62M shares traded hands. Acacia Communications, Inc. (NASDAQ:ACIA) has risen 6.00% since October 8, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.
The move comes after 6 months positive chart setup for the $2.38B company. It was reported on Nov, 7 by Barchart.com. We have $96.29 PT which if reached, will make NASDAQ:ACIA worth $1.07 billion more.
Analysts await Acacia Communications, Inc. (NASDAQ:ACIA) to report earnings on November, 10. ACIA’s profit will be $17.20M for 34.59 P/E if the $0.48 EPS becomes a reality. After $0.43 actual EPS 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 8 analyst reports since June 7, 2016 according to StockzIntelligence Inc. Needham initiated Acacia Communications, Inc. (NASDAQ:ACIA) rating on Tuesday, June 7. Needham has “Buy” rating and $48 price target. The firm has “Buy” rating given on Friday, September 9 by Deutsche Bank. The firm has “Neutral” rating given on Tuesday, June 7 by Goldman Sachs. The company was maintained on Thursday, July 14 by Deutsche Bank. The rating was initiated by Deutsche Bank on Tuesday, June 7 with “Buy”. Needham maintained Acacia Communications, Inc. (NASDAQ:ACIA) on Friday, August 12 with “Buy” rating. The stock of Acacia Communications, Inc. (NASDAQ:ACIA) earned “Buy” rating by Needham on Tuesday, October 11. The firm has “Outperform” rating by Cowen & Co given 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 important recent Acacia Communications, Inc. (NASDAQ:ACIA) news were published by: Fool.com which released: “Why Acacia Communications Stock Dropped Today” on October 27, 2016, also Nasdaq.com published article titled: “Acacia Communications Inc (ACIA) President & CEO Murugesan Shanmugaraj Sold …”, Nasdaq.com published: “Acacia Communications (ACIA) Enters Oversold Territory” on November 03, 2016. More interesting news about Acacia Communications, Inc. (NASDAQ:ACIA) was released by: Globenewswire.com and their article: “Acacia Communications to Present at November Conferences” with publication date: November 01, 2016.
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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