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

$68.68
-0.08 (-0.12 %)
(As of 02/24/2020 01:10 AM ET)
Today's Range
$68.66
Now: $68.69
$68.75
50-Day Range
$68.10
MA: $68.63
$68.85
52-Week Range
$44.38
Now: $68.69
$69.00
Volume210,773 shs
Average Volume258,671 shs
Market Capitalization$2.86 billion
P/E Ratio89.20
Dividend YieldN/A
Beta1.7
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. Read More…

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$1.52 per share
Book Value$13.90 per share

Profitability

Net Income$4.92 million

Miscellaneous

Employees386
Market Cap$2.86 billion
Next Earnings Date5/7/2020 (Estimated)
OptionableOptionable

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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) issued its earnings results on Tuesday, February, 18th. The technology company reported $0.48 EPS for the quarter, missing the Zacks' consensus estimate of $0.57 by $0.09. The technology company earned $128.67 million during the quarter, compared to analyst estimates of $126.71 million. Acacia Communications had a net margin of 7.07% and a return on equity of 8.59%. 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, May 7th 2020. View Earnings Estimates for Acacia Communications.

What price target have analysts set for ACIA?

12 brokerages have issued 1 year target prices for Acacia Communications' shares. Their forecasts range from $44.00 to $70.00. On average, they expect Acacia Communications' share price to reach $59.56 in the next year. This suggests that the stock has a possible downside of 13.3%. View Analyst Price Targets for Acacia Communications.

What is the consensus analysts' recommendation for Acacia Communications?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Acacia Communications in the last year. There are currently 1 sell rating, 10 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Acacia Communications.

Has Acacia Communications been receiving favorable news coverage?

News headlines about ACIA stock have trended very positive this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Acacia Communications earned a media sentiment score of 4.0 on InfoTrie's scale. They also gave news articles about the technology company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for Acacia Communications.

Are investors shorting Acacia Communications?

Acacia Communications saw a drop in short interest in the month of January. As of January 31st, there was short interest totalling 3,470,000 shares, a drop of 9.9% from the January 15th total of 3,850,000 shares. Based on an average daily trading volume, of 400,600 shares, the days-to-cover ratio is presently 8.7 days. Currently, 9.1% of the shares of the company 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), Twilio (TWLO), Broadcom (AVGO), Gilead Sciences (GILD), Advanced Micro Devices (AMD), AbbVie (ABBV) and Adobe (ADBE).

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 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 variety of of retail and institutional investors. Top institutional investors include Magnetar Financial LLC (4.59%), CNH Partners LLC (4.59%), ARP Americas LP (2.88%), State Street Corp (1.92%), Renaissance Technologies LLC (1.51%) and Geode Capital Management LLC (1.34%). 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 Victory Capital Management Inc., Victory Capital Management Inc., Capital World Investors, FMR LLC, Prudential Financial Inc., Strs Ohio, Renaissance Technologies LLC and Public Sector Pension Investment Board. 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, Murugesan Shanmugaraj, Peter Y Chung and Stan J Reiss. 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 TIG Advisors LLC, Segantii Capital Management Ltd, ARP Americas LP, Credit Suisse AG, Goldman Sachs Group Inc., Stevens Capital Management LP, Man Group plc and UBS Asset Management Americas Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is Acacia Communications' stock price today?

One share of ACIA stock can currently be purchased for approximately $68.69.

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 $4.92 million in net income (profit) each year or $1.18 on an earnings per share basis. Acacia Communications employs 386 workers across the globe.View Additional Information About Acacia Communications.

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:  3.0 out of 5 (star star star)
Outperform Votes:  404 (Vote Outperform)
Underperform Votes:  273 (Vote Underperform)
Total Votes:  677
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 2/24/2020 by MarketBeat.com Staff

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