Acacia Communications (NASDAQ:ACIA) will post its quarterly earnings results 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 (ACIA) opened at $42.40 on Tuesday. Acacia Communications has a 52-week low of $34.20 and a 52-week high of $69.57. The company has a market capitalization of $1,670.00 and a price-to-earnings ratio of 14.32.
In other Acacia Communications news, CTO Benny P. Mikkelsen sold 1,900 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $38.48, for a total value of $73,112.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Bhupendra C. Shah sold 893 shares of the firm’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $38.48, for a total value of $34,362.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,088 shares of company stock valued at $3,732,358. 37.10% of the stock is currently owned by company insiders.
ACIA has been the subject of a number of recent research reports. Piper Jaffray Companies initiated coverage on Acacia Communications in a report on Tuesday, February 13th. They issued an “overweight” rating and a $43.00 target price for the company. UBS Group initiated coverage on Acacia Communications in a report on Wednesday, January 31st. They issued a “buy” rating and a $50.00 target price for the company. Northland Securities set a $42.00 target price on Acacia Communications and gave the company a “buy” rating in a report on Monday, January 29th. Loop Capital initiated coverage on Acacia Communications in a report on Monday, January 29th. They issued 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 report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $49.00.
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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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