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NASDAQ:ACIAAcacia Communications Stock Price, Forecast & News

$67.95
-0.08 (-0.12 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$67.75
Now: $67.95
$68.02
50-Day Range
$67.05
MA: $67.80
$68.41
52-Week Range
$60.62
Now: $67.95
$69.13
Volume16,776 shs
Average Volume590,863 shs
Market Capitalization$2.86 billion
P/E Ratio49.24
Dividend YieldN/A
Beta0.92
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: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.03 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$464.66 million
Cash Flow$1.52 per share
Book Value$14.02 per share

Profitability

Net Income$32.84 million

Miscellaneous

Employees386
Market Cap$2.86 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$67.95
-0.08 (-0.12 %)
(As of 08/14/2020 04:00 PM 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 been impacted by Coronavirus?

Acacia Communications' stock was trading at $66.21 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ACIA shares have increased by 2.6% and is now trading at $67.95.
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
.

When is Acacia Communications' next earnings date?

Acacia Communications is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Acacia Communications
.

How were Acacia Communications' earnings last quarter?

Acacia Communications, Inc. (NASDAQ:ACIA) announced its quarterly earnings data on Monday, August, 10th. The technology company reported $0.65 EPS for the quarter, topping the Zacks' consensus estimate of $0.50 by $0.15. Acacia Communications had a return on equity of 11.11% and a net margin of 11.71%.
View Acacia Communications' earnings history
.

Has Acacia Communications been receiving favorable news coverage?

News coverage about ACIA stock has been trending negative on Saturday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Acacia Communications earned a news impact score of -2.7 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future.
View the latest news about Acacia Communications
.

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), Netflix (NFLX), AbbVie (ABBV), Broadcom (AVGO), Cisco Systems (CSCO), Alibaba Group (BABA), QUALCOMM (QCOM), Gilead Sciences (GILD) and Advanced Micro Devices (AMD).

Who are Acacia Communications' key executives?

Acacia Communications' management team includes the following 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.

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 Vanguard Group Inc. (8.85%), ARP Americas LP (3.26%), TIG Advisors LLC (2.44%), Healthcare of Ontario Pension Plan Trust Fund (1.97%), Barclays PLC (1.27%) and Marshall Wace LLP (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 institutional investors are selling Acacia Communications stock?

ACIA stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., TIG Advisors LLC, UBS Group AG, Bank of America Corp DE, Frontier Capital Management Co. LLC, GABELLI & Co INVESTMENT ADVISERS INC., FMR LLC, and Gabelli Funds 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
.

Which institutional investors are buying Acacia Communications stock?

ACIA stock was purchased by a variety of institutional investors in the last quarter, including Healthcare of Ontario Pension Plan Trust Fund, Balyasny Asset Management LLC, Grantham Mayo Van Otterloo & Co. LLC, ARP Americas LP, Twin Securities Inc., Barclays PLC, Candriam Luxembourg S.C.A., and Strs Ohio.
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 $67.95.

How big of a company is Acacia Communications?

Acacia Communications has a market capitalization of $2.86 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 386 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 8/15/2020 by MarketBeat.com Staff

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