Acacia Communications, Inc develops, manufactures, and sells high-speed coherent optical interconnect products in the United States, China, Germany, Thailand, and internationally. The company offers embedded and pluggable module products consisting of optical interconnect modules with transmission speeds ranging from 100 to 1,200 gigabits per second for use in long-haul, metro, and inter-data center markets.
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Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
Phone978-938-4896
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$339.89 million
Profitability
Miscellaneous
Employees386
Next Earnings Date2/20/2020 (Estimated)
OptionableOptionable
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) posted its quarterly earnings results on Wednesday, October, 30th. The technology company reported $0.60 EPS for the quarter, topping the Zacks' consensus estimate of $0.44 by $0.16. The technology company earned $119.59 million during the quarter, compared to analyst estimates of $116.15 million. Acacia Communications had a return on equity of 8.57% and a net margin of 6.58%. View Acacia Communications' Earnings History.
When is Acacia Communications' next earnings date?
What price target have analysts set for ACIA?
14 Wall Street analysts have issued 12-month price targets for Acacia Communications' shares. Their forecasts range from $44.00 to $70.00. On average, they expect Acacia Communications' stock price to reach $58.64 in the next year. This suggests that the stock has a possible downside of 11.8%. View Analyst Price Targets for Acacia Communications.
What is the consensus analysts' recommendation for Acacia Communications?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Acacia Communications in the last year. There are currently 2 sell ratings, 10 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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. " (11/7/2019)
- 2. Needham & Company LLC analysts commented, "Acacia delivered solid CY4Q18 results and better than expected CY1Q19 guidance. The strong outlook reflects increasing traction with new products including and silicon PIC solutions, customer diversification with a growing number of 10% customers and the full recovery of shipments to ZTE in CY4Q. We believe ACIA’s new products (CFP2 DCO, AC1200 and silicon PIC) will all post meaningful Y/Y revenue growth and drive margin expansion in 2019. However, given ACIA shares are trading near $50 (or an EV/E of ~18.3x our CY20 NG EPS est.) in the pre-market, we believe shares are fully valued and maintain the Hold rating." (2/22/2019)
Has Acacia Communications been receiving favorable news coverage?
News articles about ACIA stock have been trending somewhat negative recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Acacia Communications earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Acacia Communications.
Are investors shorting Acacia Communications?
Acacia Communications saw a decline in short interest in October. As of October 31st, there was short interest totalling 2,300,000 shares, a decline of 10.5% from the September 30th total of 2,570,000 shares. Based on an average daily trading volume, of 360,500 shares, the short-interest ratio is currently 6.4 days. Currently, 6.1% of the company's shares are short sold. View Acacia Communications' Current Options Chain.
Who are some of Acacia Communications' key competitors?
Some companies that are related to Acacia Communications include Advantest (ATEYY), ON Semiconductor (ON), Cypress Semiconductor (CY), IPG Photonics (IPGP), Monolithic Power Systems (MPWR), Mellanox Technologies (MLNX), Semiconductor Manufacturing International (SMICY), First Solar (FSLR), United Microelectronics (UMC), Cree (CREE), SUMCO CORP/ADR (SUOPY), Silicon Laboratories (SLAB), Cabot Microelectronics (CCMP), Cirrus Logic (CRUS) and Solaredge Technologies (SEDG).
What other stocks do shareholders of Acacia Communications own?
Who are Acacia Communications' key executives?
Acacia Communications' management team includes the folowing people:
- Mr. Murugesan Shanmugaraj, Pres, CEO & Director (Age 61)
- Dr. Benny P. Mikkelsen, Co-Founder, CTO & Director (Age 59)
- Mr. Christian J. Rasmussen, Co-Founder and VP of Digital Signal Processing & Optics (Age 50)
- Mr. John F. Gavin, CFO & Treasurer (Age 60)
- Mr. Mehrdad Givehchi, Co-Founder and VP of Hardware & Software (Age 53)
When did Acacia Communications IPO?
(ACIA) raised $99 million in an initial public offering (IPO) on Friday, May 13th 2016. The company issued 4,500,000 shares at a price of $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.
Who are Acacia Communications' major shareholders?
Acacia Communications' stock is owned by a variety of of institutional and retail investors. Top institutional investors include ARP Americas LP (2.57%), Strs Ohio (0.93%), Gabelli Funds LLC (0.48%), GABELLI & Co INVESTMENT ADVISERS INC. (0.27%), California Public Employees Retirement System (0.19%) and SG Americas Securities LLC (0.15%). Company insiders that own Acacia Communications stock include Benny P Mikkelsen, Bhupendra C Shah, Christian J Rasmussen, Eric L Fisher, Francis J Murphy, John F Gavin, Mehrdad Givehchi, Meridian Venture Partners Ii L, Murugesan Shanmugaraj, Peter Y Chung and Stan J Reiss. 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 Chicago Equity Partners LLC, Patten & Patten Inc. TN, Russell Investments Group Ltd., Patriot Financial Group Insurance Agency LLC, First Quadrant L P CA, State of Tennessee Treasury Department, Toth Financial Advisory Corp and Cerebellum GP LLC. Company insiders that have sold Acacia Communications company stock in the last year include Benny P Mikkelsen, Bhupendra C Shah, Christian J Rasmussen, Eric L Fisher, Francis J Murphy, John F Gavin, Mehrdad Givehchi, Meridian Venture Partners Ii L, Murugesan Shanmugaraj, Peter Y Chung and Stan J Reiss. View Insider Buying and Selling for Acacia Communications.
Which institutional investors are buying Acacia Communications stock?
ACIA stock was bought by a variety of institutional investors in the last quarter, including ARP Americas LP, Strs Ohio, Gabelli Funds LLC, GABELLI & Co INVESTMENT ADVISERS INC., SG Americas Securities LLC, Alpine Group USVI LLC, Alpine Group USVI LLC and Gamco Investors INC. ET AL. 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, Robinhood, Fidelity and Charles Schwab.
What is Acacia Communications' stock price today?
One share of ACIA stock can currently be purchased for approximately $66.49.
How big of a company is Acacia Communications?
Acacia Communications has a market capitalization of $2.74 billion and generates $339.89 million in revenue each year. The technology company earns $4.92 million in net income (profit) each year or $0.15 on an earnings per share basis. Acacia Communications employs 386 workers across the globe.View Additional Information About Acacia Communications.
What is Acacia Communications' official website?
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.
