Acacia Communications, Inc. (ACIA) Stock Is Rising Now

April 22, 2018 - By Nellie Frank

The stock of Acacia Communications, Inc. (NASDAQ:ACIA) is a huge mover today! The stock increased 4.08% or $1.08 during the last trading session, reaching $27.56. About 1.47 million shares traded or 68.18% up from the average. Acacia Communications, Inc. (NASDAQ:ACIA) has declined 30.95% since April 22, 2017 and is downtrending. It has underperformed by 42.50% the S&P500.
The move comes after 9 months positive chart setup for the $1.10B company. It was reported on Apr, 22 by We have $28.66 PT which if reached, will make NASDAQ:ACIA worth $44.16 million more.

Analysts await Acacia Communications, Inc. (NASDAQ:ACIA) to report earnings on May, 8. They expect $-0.07 EPS, down 108.14 % or $0.93 from last year’s $0.86 per share. After $0.12 actual EPS reported by Acacia Communications, Inc. for the previous quarter, Wall Street now forecasts -158.33 % negative EPS growth.

Acacia Communications, Inc. develops, makes, and sells high-speed coherent optical interconnect products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. The company has market cap of $1.10 billion. The Company’s products include a series of low-power coherent digital signal processors application-specific integrated circuits and silicon photonic integrated circuits 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. It has a 29.96 P/E ratio. The firm sells its products through a direct sales force to network equipment manufacturers.

Acacia Communications, Inc. (NASDAQ:ACIA) Ratings Chart

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