News headlines about Acacia Communications (NASDAQ:ACIA) have been trending somewhat positive on Thursday, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Acacia Communications earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.8621169877298 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Acacia Communications (ACIA) Receives “Buy” Rating from William Blair (americanbankingnews.com)
- Acacia Communications, Inc. (ACIA) Forecasted to Earn Q2 2018 Earnings of $0.13 Per Share (americanbankingnews.com)
- Bhupendra C. Shah Sells 8,277 Shares of Acacia Communications, Inc. (ACIA) Stock (americanbankingnews.com)
- Stocks on Trader’s Radar: Chart Industries, Inc., (NASDAQ: GTLS), Acacia Communications, Inc., (NASDAQ: ACIA … – Stocks In The News (press release) (tradingnewsnow.com)
- ETFs with exposure to Acacia Communications, Inc. : November 30, 2017 (finance.yahoo.com)
Acacia Communications (NASDAQ:ACIA) opened at $40.38 on Thursday. The stock has a market capitalization of $1,573.91, a P/E ratio of 13.78, a PEG ratio of 2.32 and a beta of 2.21. Acacia Communications has a twelve month low of $35.36 and a twelve month high of $74.75.
Acacia Communications (NASDAQ:ACIA) last released its earnings results on Thursday, November 2nd. The technology company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.11. The business had revenue of $105.00 million for the quarter, compared to analyst estimates of $104.35 million. Acacia Communications had a return on equity of 25.29% and a net margin of 27.98%. The company’s revenue for the quarter was down 22.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 earnings per share. research analysts anticipate that Acacia Communications will post 1.15 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on ACIA shares. Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Acacia Communications in a research note on Friday, November 3rd. Zacks Investment Research upgraded Acacia Communications from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 4th. B. Riley restated a “neutral” rating and set a $44.00 target price on shares of Acacia Communications in a research note on Wednesday, August 9th. DA Davidson decreased their target price on Acacia Communications to $48.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Finally, Cowen raised Acacia Communications to an “outperform” rating and cut their price target for the stock from $55.00 to $41.00 in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $50.50.
In other Acacia Communications news, CFO John F. Gavin sold 880 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $36.40, for a total transaction of $32,032.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Bhupendra C. Shah sold 8,300 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $47.81, for a total value of $396,823.00. The disclosure for this sale can be found here. Insiders have sold 22,625 shares of company stock worth $943,778 in the last ninety days. 37.10% of the stock is currently owned by corporate insiders.
About Acacia Communications
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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