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NASDAQ:ACIAAcacia Communications Stock Price, Forecast & News

$67.50
+0.84 (+1.26 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$66.45
Now: $67.50
$67.50
50-Day Range
$66.54
MA: $67.88
$68.84
52-Week Range
$44.38
Now: $67.50
$69.13
Volume52,266 shs
Average Volume830,910 shs
Market Capitalization$2.82 billion
P/E Ratio70.31
Dividend YieldN/A
Beta0.98
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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Acacia Communications logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.12 out of 5 stars


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$464.66 million
Cash Flow$1.53 per share
Book Value$14.42 per share

Profitability

Net Income$32.84 million

Miscellaneous

Employees386
Market Cap$2.82 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Acacia Communications (NASDAQ:ACIA) Frequently Asked Questions

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 reached pandemic status according to the World Health Organization. Since then, ACIA stock has increased by 1.9% and is now trading at $67.50. View which stocks have been most impacted by Coronavirus.

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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Acacia Communications in the last year. There are currently 7 hold ratings and 1 buy 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 Tuesday, August 4th 2020. View our earnings forecast for Acacia Communications.

How were Acacia Communications' earnings last quarter?

Acacia Communications, Inc. (NASDAQ:ACIA) posted its quarterly earnings results on Monday, May, 4th. The technology company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.16. The technology company earned $125.63 million during the quarter, compared to analyst estimates of $119.15 million. Acacia Communications had a net margin of 8.56% and a return on equity of 9.24%. View Acacia Communications' earnings history.

What price target have analysts set for ACIA?

8 brokerages have issued 12 month target prices for Acacia Communications' stock. Their forecasts range from $64.91 to $70.00. On average, they anticipate Acacia Communications' stock price to reach $67.48 in the next twelve months. This suggests that the stock has a possible downside of 0.0%. View analysts' price targets for Acacia Communications.

Has Acacia Communications been receiving favorable news coverage?

Media headlines about ACIA stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Acacia Communications earned a news sentiment score of 0.7 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news aboutAcacia Communications.

Are investors shorting Acacia Communications?

Acacia Communications saw a increase in short interest in May. As of May 15th, there was short interest totaling 2,700,000 shares, an increase of 8.9% from the April 30th total of 2,480,000 shares. Based on an average daily volume of 652,000 shares, the days-to-cover ratio is presently 4.1 days. Approximately 7.0% of the company's stock are short sold. 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), Netflix (NFLX), Gilead Sciences (GILD), Advanced Micro Devices (AMD), Broadcom (AVGO), Twilio (TWLO), AbbVie (ABBV) and QUALCOMM (QCOM).

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 initial public offering (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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.55%), Magnetar Financial LLC (4.28%), Alpine Associates Management Inc. (4.10%), Pentwater Capital Management LP (3.15%), JPMorgan Chase & Co. (3.04%) and ARP Americas LP (2.90%). 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 CNH Partners LLC, Nuveen Asset Management LLC, BlackRock Inc., Wellington Management Group LLP, Magnetar Financial LLC, Paloma Partners Management Co, Grantham Mayo Van Otterloo & Co. LLC, and Strs Ohio. Company insiders that have sold Acacia Communications company stock in the last year 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, and Murugesan Shanmugaraj. View insider buying and selling activity for Acacia Communications.

Which major investors are buying Acacia Communications stock?

ACIA stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Pentwater Capital Management LP, Alpine Associates Management Inc., Assenagon Asset Management S.A., Alliancebernstein L.P., Aviva PLC, SG Americas Securities LLC, and Healthcare of Ontario Pension Plan Trust Fund. 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 $67.50.

How big of a company is Acacia Communications?

Acacia Communications has a market capitalization of $2.82 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 5/29/2020 by MarketBeat.com Staff

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