Analyst Activity - William Blair Reiterates Outperform on Acacia Communications (NASDAQ:ACIA)

Rebecca Barbier
Julho 17, 2017

ACIA has been the subject of a number of research analyst reports. In a report released on Monday, 17 July, Acacia Communications (NDAQ:ACIA) shares have had their "Buy" Rating maintained by analysts at Needham. Zacks Investment Research cut shares of Acacia Communications from a hold rating to a sell rating in a research report on Wednesday, May 10th. Equities analysts anticipate that Acacia Communications, Inc. will post $1.97 earnings per share for the current year.

6/22/2017-DA Davidson initiated coverage with a Buy rating. On July 14 Deutsche Bank left the company rating at "Buy" and raised the price target from $39.00 to $60.00. On Friday, August 12 the stock rating was maintained by Needham with "Buy".

September 9 investment analysts at Deutsche Bank kept the stock rating at "Buy" and moved up the price target to $125.00 from $60.00. Shares are trading at $39.00 which is just a bit below $45.72, the 50 day moving average and a bit lower than the 200 day moving average of $54.39. Acacia Communications has a 1-year low of $38.75 and a 1-year high of $128.73.

Needham now has a $50.00 PT on the $1.43B market cap company or 28.21 % upside potential.

Acacia Communications, Inc. (ACIA) has a market capitalization of 1.51 Billion which suggests the company is a huge company further suggesting that the shares of Acacia Communications, Inc. The technology company reported $0.86 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.52 by $0.34. Acacia Communications had a net margin of 30.02% and a return on equity of 43.80%. The company had revenue of $114.67 million during the quarter, compared to analysts' expectations of $112.46 million. During the same period in the prior year, the company posted $0.44 EPS. Acacia Communications's revenue for the quarter was up 35.7% compared to the same quarter past year. Acacia Communications, Inc. (ACIA) has risen 55.67% since July 17, 2016 and is uptrending. "(NASDAQ:ACIA) to Hold" was originally published by Markets Daily and is owned by of Markets Daily. If you are viewing this piece on another publication, it was stolen and republished in violation of worldwide copyright and trademark law. The original version of this piece of content can be read at The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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In related news, VP Mehrdad Givehchi sold 25,830 shares of the business's stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $48.52, for a total value of $435,855.16. Christian J. Rasmussen, VP Digital Signal Proc&Optics disclosed the sale of 10,060 shares of (ACIA). Insiders have sold 103,986 shares of company stock valued at $5,046,224 in the last three months. The fund owned 195,997 shares of the technology company's stock after selling 344,043 shares during the period. Vanguard Group Inc. raised its stake in shares of Acacia Communications by 26.5% in the first quarter.

Trading was heavy with 3,573K shares changing hands by the end of trading on Friday. Finally, Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Acacia Communications by 22.0% in the first quarter.

ILLEGAL ACTIVITY NOTICE: "Wells Fargo & Company MN Boosts Position in Acacia Communications, Inc". Dynamic Technology Lab Private Ltd now owns 4,373 shares of the technology company's stock worth $270,000 after buying an additional 1,963 shares during the last quarter.

In the market the company is trading down by -6.30% since yesterday's close of $41.62. Wellington Management Group LLP purchased a new stake in shares of Acacia Communications during the first quarter worth about $72,279,000.

Acacia Communications, Inc. provides high-speed coherent interconnect products.

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