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Acacia Communications Stock Price, Forecast & Analysis (NASDAQ:ACIA)

$67.08
+0.59 (+0.89 %)
(As of 11/16/2019 08:00 AM ET)
Today's Range
$66.57
Now: $67.08
$67.30
50-Day Range
$63.98
MA: $65.35
$67.18
52-Week Range
$36.00
Now: $67.08
$67.99
Volume322,300 shs
Average Volume364,349 shs
Market Capitalization$2.77 billion
P/E Ratio447.20
Dividend YieldN/A
Beta1.75
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. Read More…

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:ACIA
CUSIPN/A
Phone978-938-4896

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$339.89 million
Cash Flow$0.50 per share
Book Value$13.42 per share

Profitability

Net Income$4.92 million

Miscellaneous

Employees386
Market Cap$2.77 billion
Next Earnings Date2/20/2020 (Estimated)
OptionableOptionable

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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 earnings results on Wednesday, October, 30th. The technology company reported $0.60 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.44 by $0.16. The technology company had revenue of $119.59 million for the quarter, compared to the consensus estimate of $116.15 million. Acacia Communications had a net margin of 6.58% and a return on equity of 8.57%. View Acacia Communications' Earnings History.

When is Acacia Communications' next earnings date?

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

What price target have analysts set for ACIA?

14 brokerages have issued twelve-month price targets for Acacia Communications' stock. Their forecasts range from $44.00 to $70.00. On average, they expect Acacia Communications' share price to reach $58.64 in the next year. This suggests that the stock has a possible downside of 12.6%. 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?

Press coverage about ACIA stock has trended very negative this week, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Acacia Communications earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned news articles about the technology company a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the company's share price in the near term. View News Stories for Acacia Communications.

Are investors shorting Acacia Communications?

Acacia Communications saw a decrease in short interest during the month of October. As of October 31st, there was short interest totalling 2,300,000 shares, a decrease of 10.5% from the September 30th total of 2,570,000 shares. Based on an average daily volume of 360,500 shares, the short-interest ratio is presently 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?

What other stocks do shareholders of Acacia Communications own?

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 QUALCOMM (QCOM).

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 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.

Who are Acacia Communications' major shareholders?

Acacia Communications' stock is owned by many different of institutional and retail investors. Top institutional shareholders 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 acquired 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 $67.08.

How big of a company is Acacia Communications?

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.

What is Acacia Communications' official website?

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

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)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  390 (Vote Outperform)
Underperform Votes:  253 (Vote Underperform)
Total Votes:  643
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.
This page was last updated on 11/17/2019 by MarketBeat.com Staff

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