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

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$44.66 +0.23 (+0.52 %)
(As of 02/15/2019 04:00 PM ET)
Previous Close$44.66
Today's Range$43.92 - $44.80
52-Week Range$24.72 - $47.26
Volume558,899 shs
Average Volume428,691 shs
Market Capitalization$1.81 billion
P/E Ratio37.53
Dividend YieldN/A
Beta1.65
Acacia Communications, Inc. develops, manufactures, and sells high-speed coherent optical interconnect products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. Its products include a series of low-power coherent digital signal processor application-specific integrated circuits and silicon photonic integrated circuits that are integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second for use in long-haul, metro, and inter-data center markets. 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$385.17 million
Cash Flow$1.6094 per share
Book Value$12.75 per share

Profitability

Net Income$38.50 million

Miscellaneous

Employees354
Market Cap$1.81 billion
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 data on Thursday, August, 2nd. The technology company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.08). The technology company had revenue of $65 million for the quarter, compared to analyst estimates of $63.35 million. Acacia Communications had a positive return on equity of 2.11% and a negative net margin of 7.68%. The firm's revenue for the quarter was down 17.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS. 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 21st 2019. View Earnings Estimates for Acacia Communications.

How can I listen to Acacia Communications' earnings call?

Acacia Communications will be holding an earnings conference call on Thursday, February 21st at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8774078293.

What price target have analysts set for ACIA?

15 brokerages have issued twelve-month price objectives for Acacia Communications' stock. Their forecasts range from $30.00 to $60.00. On average, they expect Acacia Communications' share price to reach $45.2143 in the next year. This suggests a possible upside of 1.2% 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, 4 hold ratings and 9 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. " (2/13/2019)
  • 2. Needham & Company LLC analysts commented, "We should have acted more aggressively on our concerns, as Acacia’s 4Q’17 results came in well below our low-on-the-Street forecast. We have three primary concerns: 1) Acacia’s customers in Telecom are not performing well with weak results at Adva, ZTE and Coriant. 2) While we expect China to recover, which should help the optical names, we are concerned ZTE share loss to Huawei could diminish Acacia’s participation, 3) risk to ZTE increasingly moving to building their own DCOs from discrete components. The lack of visibility in the DCI market is also hampering our conviction. Cisco/Verizon demand is likely the only real bright spot. We have long believed Acacia has the most advanced DSP , but think the move to 400G/600G is likely a 2019 into 2020 event, which may be a long wait for investors." (2/23/2018)
  • 3. William Blair analysts commented, "We believe the company could see upside to revenue in the fourth quarter come from China, as excess inventory reserves are nearly depleted and key China customers return to satisfy continued telecom customer demand—similar to what occurred to Oclaro (OCLR $6.90), which saw 20% sequential growth from China in the December quarter ." (2/21/2018)

Has Acacia Communications been receiving favorable news coverage?

Media stories about ACIA stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Acacia Communications earned a news impact score of 1.5 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future.

Who are some of Acacia Communications' key competitors?

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, Chief Financial Officer (Age 60)
  • Mr. Bhupendra C. Shah, VP of Engineering (Age 60)

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.

Who are Acacia Communications' major shareholders?

Acacia Communications' stock is owned by a number of of retail and institutional investors. Top institutional investors include Matrix VIII US Management Co. LLC (9.02%), BlackRock Inc. (4.95%), Bank of New York Mellon Corp (1.61%), Millennium Management LLC (1.58%), D. E. Shaw & Co. Inc. (1.37%) and Westfield Capital Management Co. LP (1.27%). Company insiders that own Acacia Communications stock include Benny P Mikkelsen, Bhupendra C Shah, Christian J Rasmussen, Francis J Murphy, John F Gavin, John Ritchie, Mehrdad Givehchi and Murugesan Shanmugaraj. 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 Matrix VIII US Management Co. LLC, Zurcher Kantonalbank Zurich Cantonalbank, Bank of New York Mellon Corp, Amundi Pioneer Asset Management Inc., Squarepoint Ops LLC, Two Sigma Investments LP, Eagle Asset Management Inc. and Westfield Capital Management Co. LP. 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 and Murugesan Shanmugaraj. View Insider Buying and Selling for Acacia Communications.

Which major investors are buying Acacia Communications stock?

ACIA stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, D. E. Shaw & Co. Inc., Boston Partners, Dimensional Fund Advisors LP, Lord Abbett & CO. LLC, Two Sigma Advisers LP, Picton Mahoney Asset Management and Algert Global LLC. 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 $44.66.

How big of a company is Acacia Communications?

Acacia Communications has a market capitalization of $1.81 billion and generates $385.17 million in revenue each year. The technology company earns $38.50 million in net income (profit) each year or $1.19 on an earnings per share basis. Acacia Communications employs 354 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:  332 (Vote Outperform)
Underperform Votes:  196 (Vote Underperform)
Total Votes:  528
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 2/16/2019 by MarketBeat.com Staff

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