Acacia Communications, Inc. (ACIA) hit its 1-Year High price on 09/07/16

Ausiliatrice Cristiano
Luglio 17, 2017

Acacia Communications, Inc. (ACIA) has earnings decline of -31.10% yoy. Zacks Investment Research raised Acacia Communications from a "hold" rating to a "strong-buy" rating and set a $62.00 target price on the stock in a report on Wednesday, April 26th. Acacia Communications had 5 analyst reports since February 24, 2017 according to SRatingsIntel.

On June 23, 2017 DA Davidson initiated coverage with a rating of "Buy". Needham has "Buy" rating and $65 target. On Friday, August 12 the stock rating was maintained by Needham with "Buy". Equity analyst William Blair starting coverage on the stock with a rating of "Outperform". The company presently has an average rating of "Buy" and an average target price of $65.11.

Acacia Communications (ACIA) opened at 41.62 on Tuesday. The firm's 50 day moving average price is $45.73 and its 200-day moving average price is $54.39.

Acacia Communications, Inc. (NASDAQ:ACIA) yearly performance is -25.62%. The stock has a market capitalization of $1.52 billion, a PE ratio of 11.553 and a beta of 3.85.

Acacia Communications, Inc. (NDAQ:ACIA) has risen 55.67% since July 17, 2016 and is uptrending. The Company reported profit and revenue that missed estimates, and revised its current-quarter guidance downward. The company had revenue of $114.67 million for the quarter, compared to analyst estimates of $112.46 million. During the same quarter previous year, the company earned $0.44 EPS. Acacia Communications's quarterly revenue was up 35.7% on a year-over-year basis. Equities analysts anticipate that Acacia Communications will post $2.19 earnings per share for the current fiscal year.

Acacia Communications, Inc. provides high-speed coherent interconnect products. "(NASDAQ:ACIA) Updates Q2 Earnings Guidance" was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and global trademark and copyright legislation. The correct version of this piece of content can be accessed at https://transcriptdaily.com/2017/07/15/ameriprise-financial-inc-sells-344043-shares-of-acacia-communications-inc-acia.html.

In other news, CEO Murugesan Shanmugaraj sold 8,983 shares of the firm's stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $48.52, for a total transaction of $435,855.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The stock was sold at an average price of $46.54, for a total transaction of $1,202,686.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,986 shares of company stock valued at $5,046,224.

A number of institutional investors have recently modified their holdings of the company. Finally, ValuEngine lowered shares of Acacia Communications from a buy rating to a hold rating in a research note on Tuesday, July 11th. The overall volume in the last trading session was 3.57 million shares. Finally, First American Bank bought a new stake in Acacia Communications during the first quarter worth approximately $203,000. FMR LLC now owns 826,754 shares of the technology company's stock worth $51,052,000 after buying an additional 489,703 shares during the last quarter. Sells 344,043 Shares of 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. MA acquired a new position in shares of Acacia Communications during the second quarter worth about $612,000.

The company is now unchanged by 0.00 percent from yesterday's close. Wellington Management Group LLP purchased a new stake in shares of Acacia Communications during the first quarter worth about $72,279,000. Koshinski Asset Management Inc. now owns 6,150 shares of the technology company's stock worth $255,000 after buying an additional 2,640 shares during the period.

Altre relazioni OverNewsmagazine

Discuti questo articolo

SEGUI I NOSTRI GIORNALE