Breaking: Acacia Communications, Inc. Can’t Be More Safe. Trades Significantly Higher

Breaking: Acacia Communications, Inc. Can't Be More Safe. Trades Significantly Higher

The stock of Acacia Communications, Inc. (NASDAQ:ACIA) is a huge mover today! About 891,517 shares traded hands. Acacia Communications, Inc. (NASDAQ:ACIA) has risen 6.00% since October 16, 2016 and is uptrending. It has outperformed by 2.07% the S&P500.
The move comes after 5 months positive chart setup for the $2.51B company. It was reported on Nov, 15 by Barchart.com. We have $103.19 PT which if reached, will make NASDAQ:ACIA worth $1.15B 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. Deutsche Bank maintained Acacia Communications, Inc. (NASDAQ:ACIA) rating on Friday, September 9. Deutsche Bank has “Buy” rating and $125 price target. Cowen & Co initiated Acacia Communications, Inc. (NASDAQ:ACIA) on Tuesday, June 7 with “Outperform” rating. The rating was maintained by Needham with “Buy” on Tuesday, October 11. The company was initiated on Tuesday, June 7 by Deutsche Bank. The company was initiated on Tuesday, June 7 by Goldman Sachs. The firm has “Buy” rating by Needham given on Tuesday, June 7. Needham maintained the stock with “Buy” rating in Friday, August 12 report. The company was maintained on Thursday, July 14 by Deutsche Bank.

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.”

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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