Acacia Communications, Inc. (NASDAQ:ACIA) VP Eric L. Fisher sold 2,839 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $47.73, for a total transaction of $135,505.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
NASDAQ ACIA opened at $65.02 on Friday. The company has a current ratio of 4.93, a quick ratio of 4.65 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average price is $48.24. The company has a market cap of $2.66 billion, a P/E ratio of 109.27, a P/E/G ratio of 3.85 and a beta of 1.71. Acacia Communications, Inc. has a 1 year low of $31.42 and a 1 year high of $66.24.
Acacia Communications (NASDAQ:ACIA) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.26. The business had revenue of $105.20 million during the quarter, compared to the consensus estimate of $101.10 million. Acacia Communications had a net margin of 5.63% and a return on equity of 4.96%. Acacia Communications’s quarterly revenue was up 44.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 EPS. As a group, sell-side analysts anticipate that Acacia Communications, Inc. will post 0.92 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of ACIA. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Acacia Communications during the 1st quarter worth $39,000. Penserra Capital Management LLC bought a new stake in Acacia Communications in the 1st quarter valued at $126,000. Great West Life Assurance Co. Can boosted its holdings in Acacia Communications by 100.6% in the 4th quarter. Great West Life Assurance Co. Can now owns 3,611 shares of the technology company’s stock valued at $132,000 after purchasing an additional 1,811 shares during the period. Advisor Group Inc. boosted its holdings in Acacia Communications by 1,121.6% in the 4th quarter. Advisor Group Inc. now owns 5,326 shares of the technology company’s stock valued at $202,000 after purchasing an additional 4,890 shares during the period. Finally, Prudential Financial Inc. bought a new stake in Acacia Communications in the 4th quarter valued at $206,000. 75.65% of the stock is owned by institutional investors and hedge funds.
ACIA has been the subject of several recent research reports. Craig Hallum downgraded shares of Acacia Communications from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley boosted their target price on shares of Ollie’s Bargain Outlet from $74.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 27th. Piper Jaffray Companies downgraded shares of Acacia Communications from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $68.00 to $70.00 in a report on Tuesday. Finally, Bank of America raised shares of Esperion Therapeutics from an “underperform” rating to a “neutral” rating in a report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $58.07.
Acacia Communications Company Profile
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.
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