Media stories about Acacia Communications (NASDAQ:ACIA) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Acacia Communications earned a news impact score of 0.16 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.2043433863284 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Acacia Communications to Present at the Nasdaq Investor Conference (finance.yahoo.com)
- Brokerages Anticipate Acacia Communications, Inc. (ACIA) to Announce $0.25 Earnings Per Share (americanbankingnews.com)
- John F. Gavin Sells 880 Shares of Acacia Communications, Inc. (ACIA) Stock (americanbankingnews.com)
- Acacia Communications, Inc. (ACIA) VP Bhupendra C. Shah Sells 1,231 Shares (americanbankingnews.com)
- Acacia Communications, Inc. (ACIA) Insider Sells $105,596.40 in Stock (americanbankingnews.com)
Several equities analysts recently issued reports on ACIA shares. Needham & Company LLC reissued a “buy” rating and set a $50.00 price target on shares of Acacia Communications in a report on Friday, November 3rd. Zacks Investment Research raised shares of Acacia Communications from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. B. Riley reissued a “neutral” rating and set a $44.00 price target on shares of Acacia Communications in a report on Wednesday, August 9th. DA Davidson cut their price target on shares of Acacia Communications to $48.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Finally, Cowen and Company raised shares of Acacia Communications to an “outperform” rating and cut their price target for the company from $55.00 to $41.00 in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. Acacia Communications has a consensus rating of “Buy” and an average target price of $50.50.
Shares of Acacia Communications (NASDAQ:ACIA) traded up $0.97 during trading hours on Wednesday, hitting $38.41. 365,000 shares of the stock traded hands, compared to its average volume of 1,072,852. Acacia Communications has a 12 month low of $35.36 and a 12 month high of $79.38. The firm has a market cap of $1,550.00 and a PE ratio of 12.91.
Acacia Communications (NASDAQ:ACIA) last issued its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.35 by $0.11. Acacia Communications had a net margin of 27.98% and a return on equity of 25.29%. The company had revenue of $105.00 million during the quarter, compared to analysts’ expectations of $104.35 million. During the same quarter in the previous year, the company earned $1.01 EPS. Acacia Communications’s revenue was down 22.4% on a year-over-year basis. equities research analysts predict that Acacia Communications will post 1.15 EPS for the current fiscal year.
In related news, insider Francis J. Murphy sold 833 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $48.00, for a total value of $39,984.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Bhupendra C. Shah sold 8,300 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $44.59, for a total transaction of $370,097.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,481 shares of company stock worth $1,036,684. Corporate insiders own 37.10% of the company’s stock.
Acacia Communications Company Profile
Acacia Communications, Inc provides high-speed coherent interconnect products. The Company’s products include a series of low-power coherent digital signal processor application-specific integrated circuits (DSP ASICs), and silicon photonic integrated circuits (silicon PICs), which it has integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second (Gbps) for use in long-haul, metro and inter-data center markets.
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