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S&P 500   3,821.35
DOW   31,802.44
QQQ   299.94
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S&P 500   3,821.35
DOW   31,802.44
QQQ   299.94
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S&P 500   3,821.35
DOW   31,802.44
QQQ   299.94
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NASDAQ:ACIA

Acacia Communications Stock Forecast, Price & News

$114.99
0.00 (0.00 %)
(As of 03/1/2021)
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Today's Range
$114.99
Now: $114.99
$114.99
50-Day Range
$114.26
MA: $114.74
$114.99
52-Week Range
$60.62
Now: $114.99
$115.00
VolumeN/A
Average Volume1.95 million shs
Market Capitalization$4.90 billion
P/E Ratio72.32
Dividend YieldN/A
Beta0.78
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. It also provides semiconductor products, such as low-power coherent digital signal processor application-specific integrated circuits and silicon photonic integrated circuits that are integrated into embedded and pluggable modules. 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.
Acacia Communications logo

Headlines

Cisco Systems (CSCO) at 52-Week High Ahead of Report
February 9, 2021 |  finance.yahoo.com
Cisco (CSCO) to Now Shell Out $4.5B for Acacia Acquisition
January 15, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustryN/A
Current SymbolNASDAQ:ACIA
CUSIPN/A
Phone978-938-4896
Employees429
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$464.66 million
Cash Flow$1.53 per share
Book Value$14.02 per share

Profitability

Net Income$32.84 million

Miscellaneous

Market Cap$4.90 billion
Next Earnings Date5/3/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.51 out of 5 stars

Computer And Technology Sector

365th out of 1,525 stocks

Semiconductors & Related Devices Industry

59th out of 147 stocks

Analyst Opinion: 1.1Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$114.99
0.00 (0.00 %)
(As of 03/1/2021)
30 days | 90 days | 365 days | Advanced Chart

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Acacia Communications (NASDAQ:ACIA) Frequently Asked Questions

Is Acacia Communications a buy right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Acacia Communications in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Acacia Communications stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ACIA, but not buy additional shares or sell existing shares.
View analyst ratings for Acacia Communications
or view top-rated stocks.

What stocks does MarketBeat like better than Acacia Communications?

Wall Street analysts have given Acacia Communications a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Acacia Communications wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Acacia Communications?

Acacia Communications saw a increase in short interest during the month of February. As of February 12th, there was short interest totaling 4,570,000 shares, an increase of 33.6% from the January 28th total of 3,420,000 shares. Based on an average daily trading volume, of 1,450,000 shares, the short-interest ratio is presently 3.2 days. Approximately 12.6% of the shares of the stock are short sold.
View Acacia Communications' Short Interest
.

When is Acacia Communications' next earnings date?

Acacia Communications is scheduled to release its next quarterly earnings announcement on Monday, May 3rd 2021.
View our earnings forecast for Acacia Communications
.

How were Acacia Communications' earnings last quarter?

Acacia Communications, Inc. (NASDAQ:ACIA) posted its earnings results on Saturday, November, 14th. The technology company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.20. The technology company earned $158.46 million during the quarter, compared to the consensus estimate of $143.28 million. Acacia Communications had a trailing twelve-month return on equity of 11.85% and a net margin of 12.56%.
View Acacia Communications' earnings history
.

How has Acacia Communications' stock been impacted by COVID-19 (Coronavirus)?

Acacia Communications' stock was trading at $66.21 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ACIA stock has increased by 73.7% and is now trading at $114.99.
View which stocks have been most impacted by COVID-19
.

What guidance has Acacia Communications issued on next quarter's earnings?

Acacia Communications issued an update on its fourth quarter earnings guidance on Monday, January, 11th. The company provided EPS guidance of 0.88-0.97 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.76. The company issued revenue guidance of 160-164, compared to the consensus revenue estimate of $162.24 million.

What price target have analysts set for ACIA?

5 brokers have issued 1 year price objectives for Acacia Communications' stock. Their forecasts range from $90.00 to $115.00. On average, they anticipate Acacia Communications' stock price to reach $106.67 in the next twelve months. This suggests that the stock has a possible downside of 7.2%.
View analysts' price targets for Acacia Communications
or view top-rated stocks among Wall Street analysts.

Who are Acacia Communications' key executives?

Acacia Communications' management team includes the following people:
  • Mr. Murugesan Shanmugaraj, Pres, CEO & Director (Age 63, Pay $782.95k)
  • Dr. Benny P. Mikkelsen, Co-Founder, CTO & Director (Age 61, Pay $644.24k)
  • Mr. John F. Gavin, CFO & Treasurer (Age 62, Pay $675.71k)
  • Mr. Eric L. Fisher, VP of Global Sales (Age 49, Pay $1.04M)
  • Mr. Mehrdad Givehchi, Co-Founder and VP of Hardware & Software (Age 55)
  • Mr. Christian J. Rasmussen, Co-Founder and VP of Digital Signal Processing & Optics (Age 52)
  • Mr. John P. Kavanagh, Sr. VP of Operations (Age 58)
  • Mr. Francis J. Murphy, VP of Fin., Corp. Controller & Principal Accounting Officer
  • Ms. Janene I. Asgeirsson, Chief Legal Officer & Sec. (Age 51)
  • Mr. John J. LoMedico, VP of Corp. Devel. (Age 63)

What is Murugesan “Raj” Shanmugaraj's approval rating as Acacia Communications' CEO?

9 employees have rated Acacia Communications CEO Murugesan “Raj” Shanmugaraj on Glassdoor.com. Murugesan “Raj” Shanmugaraj has an approval rating of 88% among Acacia Communications' employees.

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), AbbVie (ABBV), Advanced Micro Devices (AMD), Broadcom (AVGO), Netflix (NFLX), Cisco Systems (CSCO), QUALCOMM (QCOM), Gilead Sciences (GILD) and AT&T (T).

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 $21.00-$23.00 per share. Goldman Sachs, BofA Merrill Lynch and Deutsche Bank Securities acted as the underwriters for the IPO and Needham & Company, Cowen and Company and Northland Capital Markets were co-managers.

What is Acacia Communications' stock symbol?

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

Who are Acacia Communications' major shareholders?

Acacia Communications' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.23%), Alpine Associates Management Inc. (4.54%), Magnetar Financial LLC (3.73%), Renaissance Technologies LLC (2.72%), Water Island Capital LLC (2.14%) and Healthcare of Ontario Pension Plan Trust Fund (1.75%). 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 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 Credit Suisse AG, Alpine Associates Management Inc., Water Island Capital LLC, Renaissance Technologies LLC, Healthcare of Ontario Pension Plan Trust Fund, Healthcare of Ontario Pension Plan Trust Fund, Strs Ohio, and Magnetar Financial LLC. Company insiders that have sold Acacia Communications company stock in the last year include Benny P Mikkelsen, Bhupendra C Shah, Eric L Fisher, Francis J Murphy, John F Gavin, and Murugesan Shanmugaraj.
View insider buying and selling activity for Acacia Communications
or view top insider-selling stocks.

Which institutional investors are buying Acacia Communications stock?

ACIA stock was purchased by a variety of institutional investors in the last quarter, including Hudson Bay Capital Management LP, Norges Bank, Morgan Stanley, BlackRock Inc., Twin Securities Inc., Zweig DiMenna Associates LLC, SG Americas Securities LLC, and Canada Pension Plan Investment Board.
View insider buying and selling activity for Acacia Communications
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Acacia Communications' stock price today?

One share of ACIA stock can currently be purchased for approximately $114.99.

How much money does Acacia Communications make?

Acacia Communications has a market capitalization of $4.90 billion and generates $464.66 million in revenue each year. The technology company earns $32.84 million in net income (profit) each year or $1.18 on an earnings per share basis.

How many employees does Acacia Communications have?

Acacia Communications employs 429 workers across the globe.

What is Acacia Communications' official website?

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

Where are Acacia Communications' headquarters?

Acacia Communications is headquartered at Three Mill and Main Place Suite 400, Maynard MA, 01754.

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]


This page was last updated on 3/9/2021 by MarketBeat.com Staff

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