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

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$48.47 -0.55 (-1.12 %)
(As of 05/20/2019 04:00 PM ET)
Previous Close$49.02
Today's Range$47.72 - $49.20
52-Week Range$31.42 - $62.18
Volume1.03 million shs
Average Volume790,366 shs
Market Capitalization$1.97 billion
P/E Ratio323.13
Dividend YieldN/A
Beta1.71
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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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$0.4891 per share
Book Value$12.80 per share

Profitability

Net Income$4.92 million

Miscellaneous

Employees386
Market Cap$1.97 billion
Next Earnings Date8/1/2019 (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) released its quarterly earnings results on Thursday, May, 2nd. The technology company reported $0.37 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.11 by $0.26. The technology company had revenue of $105.20 million for the quarter, compared to analysts' expectations of $101.10 million. Acacia Communications had a return on equity of 4.96% and a net margin of 5.63%. The company's revenue was up 44.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 earnings per share. 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, August 1st 2019. View Earnings Estimates for Acacia Communications.

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

Acacia Communications issued an update on its second quarter earnings guidance on Thursday, May, 2nd. The company provided EPS guidance of $0.28-0.42 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.36. The company issued revenue guidance of $104-112 million, compared to the consensus revenue estimate of $107.91 million.

What price target have analysts set for ACIA?

15 analysts have issued twelve-month price targets for Acacia Communications' stock. Their predictions range from $44.00 to $68.00. On average, they anticipate Acacia Communications' share price to reach $57.1615 in the next year. This suggests a possible upside of 17.9% from the stock's current price. View Analyst Price Targets for Acacia Communications.

What is the consensus analysts' recommendation for Acacia Communications?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Acacia Communications in the last year. There are currently 2 sell ratings, 5 hold ratings and 8 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. " (5/10/2019)
  • 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 stories about ACIA stock have been trending somewhat negative this week, according to InfoTrie Sentiment. The research firm scores the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded 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 -1.0 on InfoTrie's scale. They also gave media coverage about the technology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near term.

Are investors shorting Acacia Communications?

Acacia Communications saw a decrease in short interest in April. As of April 15th, there was short interest totalling 868,345 shares, a decrease of 44.2% from the March 29th total of 1,554,835 shares. Based on an average daily volume of 604,823 shares, the short-interest ratio is currently 1.4 days. Currently, 2.4% of the company's shares are sold short. 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), Broadcom (AVGO), Netflix (NFLX), Twilio (TWLO), Gilead Sciences (GILD), Advanced Micro Devices (AMD), QUALCOMM (QCOM) and AbbVie (ABBV).

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 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 many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.94%), Wellington Management Group LLP (3.59%), Renaissance Technologies LLC (2.15%), Goldman Sachs Group Inc. (1.67%), AO Asset Management LP (1.51%) and FMR LLC (1.26%). Company insiders that own Acacia Communications stock include Benny P Mikkelsen, Bhupendra C Shah, Christian J Rasmussen, Francis J Murphy, John F Gavin, Mehrdad Givehchi, 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 Summit Partners L P, Nordea Investment Management AB, Westfield Capital Management Co. LP, Morgan Stanley, JPMorgan Chase & Co., Investment Management of Virginia LLC, Wellington Management Group LLP and FIL Ltd. Company insiders that have sold Acacia Communications company stock in the last year include Benny P Mikkelsen, Bhupendra C Shah, Christian J Rasmussen, Francis J Murphy, John F Gavin, Mehrdad Givehchi, 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 AO Asset Management LP, Renaissance Technologies LLC, Goldman Sachs Group Inc., Victory Capital Management Inc., Assenagon Asset Management S.A., Amundi Pioneer Asset Management Inc., Eagle Asset Management Inc. and Dimensional Fund Advisors LP. 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, Scottrade, Fidelity and Charles Schwab.

What is Acacia Communications' stock price today?

One share of ACIA stock can currently be purchased for approximately $48.47.

How big of a company is Acacia Communications?

Acacia Communications has a market capitalization of $1.97 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.

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:  3.1 out of 5 (star star star)
Outperform Votes:  356 (Vote Outperform)
Underperform Votes:  218 (Vote Underperform)
Total Votes:  574
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 5/20/2019 by MarketBeat.com Staff

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