NASDAQ:ACIA - Acacia Communications Stock Price, Forecast & News

Acacia Communications trades on the NASDAQ under the ticker symbol "ACIA."

Acacia Communications, Inc. (NASDAQ:ACIA) released its earnings results on Wednesday, October, 30th. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.44 by $0.16. The technology company earned $119.59 million during the quarter, compared to analysts' expectations 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.

Acacia Communications is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for Acacia Communications.

13 brokerages have issued 12 month target prices for Acacia Communications' stock. Their forecasts range from $44.00 to $70.00. On average, they anticipate Acacia Communications' stock price to reach $58.50 in the next year. This suggests that the stock has a possible downside of 12.7%. View Analyst Price Targets for Acacia Communications.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Acacia Communications in the last year. There are currently 1 sell rating, 10 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Acacia Communications.

News coverage about ACIA stock has trended neutral this week, according to InfoTrie. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Acacia Communications earned a media sentiment score of 0.4 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Acacia Communications.

Acacia Communications saw a increase in short interest in November. As of November 29th, there was short interest totalling 2,550,000 shares, an increase of 8.5% from the November 14th total of 2,350,000 shares. Based on an average trading volume of 366,300 shares, the days-to-cover ratio is currently 7.0 days. Currently, 6.7% of the shares of the company are sold short. View Acacia Communications' Current Options Chain.

Some companies that are related to Acacia Communications include ON Semiconductor (ON), Advantest (ATEYY), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), IPG Photonics (IPGP), Semiconductor Manufacturing International (SMICY), Mellanox Technologies (MLNX), United Microelectronics (UMC), First Solar (FSLR), Cree (CREE), Silicon Laboratories (SLAB), SUMCO CORP/ADR (SUOPY), Cirrus Logic (CRUS), Solaredge Technologies (SEDG) and Dialog Semiconductor (DLGNF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Acacia Communications investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Twilio (TWLO), Netflix (NFLX), Broadcom (AVGO), AbbVie (ABBV), Advanced Micro Devices (AMD), Gilead Sciences (GILD) and Adobe (ADBE).

(ACIA) raised $99 million in an 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.

Acacia Communications' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include ARP Americas LP (2.57%), State Street Corp (1.86%), Strs Ohio (0.93%), Gabelli Funds LLC (0.48%), Disciplined Growth Investors Inc. MN (0.36%) and GABELLI & Co INVESTMENT ADVISERS INC. (0.27%). 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.

ACIA stock was sold by a variety of institutional investors in the last quarter, including Squarepoint Ops LLC, Chicago Equity Partners LLC, Patten & Patten Inc. TN, Russell Investments Group Ltd., Patriot Financial Group Insurance Agency LLC, First Quadrant L P CA, Stifel Financial Corp and State of Tennessee Treasury Department. 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.

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., Maverick Capital Ltd., SG Americas Securities LLC, Alpine Group USVI LLC and Alpine Group USVI LLC. View Insider Buying and Selling for 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.

One share of ACIA stock can currently be purchased for approximately $67.04.

Acacia Communications has a market capitalization of $2.77 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.

The official website for Acacia Communications is http://www.acacia-inc.com/.

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]