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NASDAQ:ACIA

Acacia Communications Stock Forecast, Price & News

$69.58
+0.11 (+0.16 %)
(As of 11/23/2020 12:00 AM ET)
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Today's Range
$69.34
Now: $69.58
$69.62
50-Day Range
$67.04
MA: $68.02
$69.47
52-Week Range
$60.62
Now: $69.58
$69.62
Volume1.17 million shs
Average Volume573,237 shs
Market Capitalization$2.93 billion
P/E Ratio43.76
Dividend YieldN/A
Beta0.85
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.0Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.29 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$464.66 million
Cash Flow$1.53 per share
Book Value$15.69 per share

Profitability

Net Income$32.84 million

Miscellaneous

Market Cap$2.93 billion
Next Earnings Date2/16/2021 (Estimated)
OptionableOptionable
$69.58
+0.11 (+0.16 %)
(As of 11/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Acacia Communications (NASDAQ:ACIA) Frequently Asked Questions

How has Acacia Communications' stock price 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 shares have increased by 5.1% and is now trading at $69.58.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Acacia Communications?

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

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 winning trading ideas this year 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.

When is Acacia Communications' next earnings date?

Acacia Communications is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Acacia Communications
.

How were Acacia Communications' earnings last quarter?

Acacia Communications, Inc. (NASDAQ:ACIA) posted its quarterly earnings data on Saturday, November, 14th. The technology company reported $0.78 EPS for the quarter, topping the Zacks' consensus estimate of $0.58 by $0.20. Acacia Communications had a return on equity of 11.85% and a net margin of 12.56%.
View Acacia Communications' earnings history
.

Are investors shorting Acacia Communications?

Acacia Communications saw a decline in short interest in the month of October. As of October 30th, there was short interest totaling 4,170,000 shares, a decline of 18.4% from the October 15th total of 5,110,000 shares. Based on an average trading volume of 470,900 shares, the days-to-cover ratio is presently 8.9 days. Approximately 10.8% of the company's shares are sold short.
View Acacia Communications' Short Interest
.

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).

Who are Acacia Communications' key executives?

Acacia Communications' management team includes the following people:
  • Mr. Murugesan Shanmugaraj, Pres, CEO & Director (Age 62, Pay $782.95k)
  • Dr. Benny P. Mikkelsen, Co-Founder, CTO & Director (Age 60, Pay $644.24k)
  • Mr. John F. Gavin, CFO & Treasurer (Age 61, Pay $675.71k)
  • Mr. Eric L. Fisher, VP of Global Sales (Age 48, Pay $1.04M)
  • Mr. Mehrdad Givehchi, Co-Founder and VP of Hardware & Software (Age 54)
  • Mr. Christian J. Rasmussen, Co-Founder and VP of Digital Signal Processing & Optics (Age 51)
  • Mr. John P. Kavanagh, Sr. VP of Operations (Age 57)
  • Mr. Francis J. Murphy, VP of Fin., Corp. Controller & Principal Accounting Officer
  • Ms. Janene I. Asgeirsson, Chief Legal Officer & Sec. (Age 50)
  • Mr. John J. LoMedico, VP of Corp. Devel. (Age 62)

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 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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.89%), Alpine Associates Management Inc. (5.37%), TIG Advisors LLC (3.32%), State Street Corp (1.91%), CNH Partners LLC (1.51%) and Gardner Lewis Asset Management L P (1.18%). 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 major investors are selling Acacia Communications stock?

ACIA stock was sold by a variety of institutional investors in the last quarter, including ARP Americas LP, Morgan Stanley, UBS Asset Management Americas Inc., Gabelli Funds LLC, BlackRock Inc., CNH Partners LLC, State Street Corp, and Gamco Investors INC. ET AL. 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
.

Which major investors are buying Acacia Communications stock?

ACIA stock was acquired by a variety of institutional investors in the last quarter, including TIG Advisors LLC, Picton Mahoney Asset Management, Paloma Partners Management Co, Candriam Luxembourg S.C.A., Maso Capital Partners Ltd, Havens Advisors LLC, One68 Global Capital LLC, and WINTON GROUP Ltd.
View insider buying and selling activity 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 $69.58.

How big of a company is Acacia Communications?

Acacia Communications has a market capitalization of $2.93 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. 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.

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 11/24/2020 by MarketBeat.com Staff

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