Acacia Communications, Inc. develops, manufactures, and sells high-speed coherent optical interconnect products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. Its products include a series of low-power coherent digital signal processor application-specific integrated circuits and silicon photonic integrated circuits that are integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second for use in long-haul, metro, and inter-data center markets. The company sells its products through a direct sales force to network equipment manufacturers, network operators, and cloud service providers. Acacia Communications, Inc. was founded in 2009 and is headquartered in Maynard, Massachusetts.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:ACIA
CUSIPN/A
Phone978-938-4896
Debt
Debt-to-Equity RatioN/A
Current Ratio6.94
Quick Ratio6.12
Price-To-Earnings
Trailing P/E Ratio31.60
Forward P/E Ratio-287.38
P/E GrowthN/A
Sales & Book Value
Annual Sales$385.17 million
Price / Sales3.93
Cash Flow$1.5156 per share
Price / Cash24.65
Book Value$12.75 per share
Price / Book2.93
Profitability
EPS (Most Recent Fiscal Year)$1.19
Net Income$38.50 million
Net Margins-4.30%
Return on Equity2.66%
Return on Assets2.25%
Miscellaneous
Employees354
Outstanding Shares40,550,000
Market Cap$1.57 billion
Acacia Communications (NASDAQ:ACIA) Frequently Asked Questions
What is Acacia Communications' stock symbol?
Acacia Communications trades on the NASDAQ under the ticker symbol "ACIA."
How were Acacia Communications' earnings last quarter?
Acacia Communications, Inc. (NASDAQ:ACIA) released its earnings results on Thursday, August, 2nd. The technology company reported ($0.08) earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of ($0.08). The technology company had revenue of $65 million for the quarter, compared to the consensus estimate of $63.35 million. Acacia Communications had a positive return on equity of 2.66% and a negative net margin of 4.30%. The firm's revenue for the quarter was down 17.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 earnings per share. View Acacia Communications' Earnings History.
When is Acacia Communications' next earnings date?
What guidance has Acacia Communications issued on next quarter's earnings?
Acacia Communications issued an update on its third quarter earnings guidance on Thursday, August, 2nd. The company provided earnings per share guidance of $0.10 to $0.22 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.08. The company issued revenue guidance of $86 million to $94 million, compared to the consensus revenue estimate of $72.75 million.
What price target have analysts set for ACIA?
15 brokers have issued 1-year target prices for Acacia Communications' stock. Their forecasts range from $25.00 to $48.00. On average, they expect Acacia Communications' stock price to reach $38.50 in the next year. This suggests a possible upside of 3.1% from the stock's current price. View Analyst Price Targets for Acacia Communications.
What is the consensus analysts' recommendation for Acacia Communications?
15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Acacia Communications in the last year. There are currently 7 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Acacia Communications.
What are Wall Street analysts saying about Acacia Communications stock?
Here are some recent quotes from research analysts about Acacia Communications stock:
- 1. According to Zacks Investment Research, "Acacia Communications, Inc. designs, develops, manufactures and markets communication equipments. The Company offers coherent optical interconnect products for cloud infrastructure operators and content and communication service providers. It operates primarily in the Americas, Europe, the Middle East, Africa and the Asia Pacific region. Acacia Communications, Inc. is headquartered in Maynard, Massachusetts. " (8/8/2018)
- 2. Needham & Company LLC analysts commented, "We should have acted more aggressively on our concerns, as Acacia’s 4Q’17 results came in well below our low-on-the-Street forecast. We have three primary concerns: 1) Acacia’s customers in Telecom are not performing well with weak results at Adva, ZTE and Coriant. 2) While we expect China to recover, which should help the optical names, we are concerned ZTE share loss to Huawei could diminish Acacia’s participation, 3) risk to ZTE increasingly moving to building their own DCOs from discrete components. The lack of visibility in the DCI market is also hampering our conviction. Cisco/Verizon demand is likely the only real bright spot. We have long believed Acacia has the most advanced DSP , but think the move to 400G/600G is likely a 2019 into 2020 event, which may be a long wait for investors." (2/23/2018)
- 3. William Blair analysts commented, "We believe the company could see upside to revenue in the fourth quarter come from China, as excess inventory reserves are nearly depleted and key China customers return to satisfy continued telecom customer demand—similar to what occurred to Oclaro (OCLR $6.90), which saw 20% sequential growth from China in the December quarter ." (2/21/2018)
Who are some of Acacia Communications' key competitors?
Some companies that are related to Acacia Communications include SUMCO Corp/ADR (SUOPY), Cypress Semiconductor (CY), Cavium (CAVM), Monolithic Power Systems (MPWR), Semiconductor Manufacturing Int'l (SMI), First Solar (FSLR), Siliconware Precision Industries (SPIL), Cree (CREE), Integrated Device Technology (IDTI), Mellanox Technologies (MLNX), Silicon Laboratories (SLAB), AU Optronics (AUO), Advantest (ATEYY), Semtech (SMTC) and Cabot Microelectronics (CCMP).
Who are Acacia Communications' key executives?
Acacia Communications' management team includes the folowing people:
- Mr. Murugesan Shanmugaraj, Pres, CEO & Director (Age 60)
- Dr. Benny P. Mikkelsen, Co-Founder, CTO & Director (Age 58)
- Mr. Christian J. Rasmussen, Co-Founder and VP of Digital Signal Processing & Optics (Age 49)
- Mr. John F. Gavin, Chief Financial Officer (Age 59)
- Mr. Bhupendra C. Shah, VP of Engineering (Age 59)
When did Acacia Communications IPO?
(ACIA) raised $99 million in an initial public offering on Friday, May 13th 2016. The company issued 4,500,000 shares at $21.00-$23.00 per share. Goldman Sachs, BofA Merrill Lynch and Deutsche Bank Securities served as the underwriters for the IPO and Needham & Company, Cowen and Company and Northland Capital Markets were co-managers.
Has Acacia Communications been receiving favorable news coverage?
News headlines about ACIA stock have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Acacia Communications earned a coverage optimism score of 0.20 on Accern's scale. They also gave press coverage about the technology company an impact score of 46.22 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. View Recent Headlines for Acacia Communications.
Who are Acacia Communications' major shareholders?
Acacia Communications' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Matrix VIII US Management Co. LLC (21.53%), FMR LLC (6.64%), BlackRock Inc. (4.38%), Zurcher Kantonalbank Zurich Cantonalbank (1.25%), Gilder Gagnon Howe & Co. LLC (1.21%) and Frontier Capital Management Co. LLC (1.18%). Company insiders that own Acacia Communications stock include Benny P Mikkelsen, Bhupendra C Shah, Christian J Rasmussen, Francis J Murphy, John F Gavin, John Ritchie, Matrix Partners Viii L P, Mehrdad Givehchi, Murugesan Shanmugaraj and Peter Y Chung. View Institutional Ownership Trends for Acacia Communications.
Which institutional investors are selling Acacia Communications stock?
ACIA stock was sold by a variety of institutional investors in the last quarter, including Matrix VIII US Management Co. LLC, Voya Investment Management LLC, Zurcher Kantonalbank Zurich Cantonalbank, Russell Investments Group Ltd., Gilder Gagnon Howe & Co. LLC, Boston Partners, State of Wisconsin Investment Board and Bank of America Corp DE. Company insiders that have sold Acacia Communications company stock in the last year include Benny P Mikkelsen, Bhupendra C Shah, Christian J Rasmussen, Francis J Murphy, John F Gavin, Mehrdad Givehchi and Murugesan Shanmugaraj. View Insider Buying and Selling for Acacia Communications.
Which institutional investors are buying Acacia Communications stock?
ACIA stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, BlackRock Inc., Pier Capital LLC, Frontier Capital Management Co. LLC, Disciplined Growth Investors Inc. MN, Eagle Asset Management Inc., Strs Ohio and Bank of New York Mellon Corp. View Insider Buying and Selling for Acacia Communications.
How do I buy shares of Acacia Communications?
Shares of ACIA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Acacia Communications' stock price today?
One share of ACIA stock can currently be purchased for approximately $37.36.
How big of a company is Acacia Communications?
Acacia Communications has a market capitalization of $1.57 billion and generates $385.17 million in revenue each year. The technology company earns $38.50 million in net income (profit) each year or $1.19 on an earnings per share basis. Acacia Communications employs 354 workers across the globe.
How can I contact Acacia Communications?
Acacia Communications' mailing address is THREE MILL AND MAIN PLACE SUITE 400, MAYNARD MA, 01754. The technology company can be reached via phone at 978-938-4896 or via email at [email protected]
MarketBeat Community Rating for Acacia Communications (NASDAQ ACIA)
MarketBeat's community ratings are surveys of what our community members think about Acacia Communications and other stocks. Vote "Outperform" if you believe ACIA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ACIA will underperform the S&P 500 over the long term. You may vote once every thirty days.
