Acacia Communications, Inc. (ACIA) Saw a New 52-Week High

Brunilde Fioravanti
Luglio 17, 2017

(NASDAQ:ACIA) by 109.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).

Other analysts have also issued reports about the stock. Needham & Company LLC reissued a "buy" rating and issued a $65.00 price target (down from $100.00) on shares of Acacia Communications in a research note on Wednesday, May 10th.

Among 15 analysts covering Novartis Ag (NYSE:NVS), 4 have Buy rating, 3 Sell and 8 Hold. William Blair reaffirmed an "outperform" rating on shares of Acacia Communications in a report on Friday, March 17th. They now have a $45.00 price target on the stock, up previously from $70.00. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock now has a consensus rating of Buy and a consensus price target of $65.11. Acacia Communications's revenue was up 35.7% on a year-over-year basis. Company chares are trading at $39.00 which is marginally under $45.72, the 50 day moving average and which is slightly below the 200 day moving average of $54.39. Acacia Communications has a 52 week low of $38.50 and a 52 week high of $128.73. The company has a market cap of $1.61 billion, a P/E ratio of 12.25 and a beta of 3.81. The Company reported profit and revenue that missed estimates, and revised its current-quarter guidance downward. Acacia Communications had a return on equity of 43.80% and a net margin of 30.02%. The company had revenue of $114.67 million for the quarter, compared to analyst estimates of $112.46 million. (ACIA) is 0.77 while the analysts predicted the EPS of the stock to be 0.65 suggesting the company fell short of the analysts' expectations. The company's revenue was up 35.7% compared to the same quarter previous year. On average, analysts forecast that Acacia Communications will post $2.19 earnings per share for the current fiscal year. "(NASDAQ:ACIA) to Hold" was originally published by Markets Daily and is owned by of Markets Daily. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of global copyright & trademark laws. The original version of this piece of content can be read at https://www.themarketsdaily.com/2017/07/14/valuengine-lowers-acacia-communications-inc-nasdaqacia-to-hold.html.

In other news, CEO Murugesan Shanmugaraj sold 8,983 shares of the company's stock in a transaction on Monday, May 15th. The stock was sold at an average price of $48.52, for a total value of $435,855.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 shares were purchased at an average price of $48.54. Christian J. Rasmussen, VP Digital Signal Proc&Optics disclosed the sale of 10,060 shares of ACIA stock. Over the last quarter, insiders have sold 103,986 shares of company stock valued at $5,046,224.

Large investors have recently modified their holdings of the company. American International Group Inc. raised its position in shares of Acacia Communications by 7.1% in the first quarter. (ACIA) has the trading volume of 3.57 Million shares with the average trading volume of 1050 shares. 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. Deane Retirement Strategies Inc. raised its position in shares of Acacia Communications by 6.9% in the second quarter. As of the last earnings report the EPS was $3.40 and is expected to be $1.97 for the current year with 38,641,000 shares now outstanding. FMR LLC increased its position in shares of Acacia Communications by 145.3% in the fourth quarter. Market Capitalization if basically the market value of the company's shares outstanding. KAMES CAPITAL plc acquired a new position in shares of Acacia Communications during the first quarter worth about $39,317,000. 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.

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