Acacia Communications (ACIA) Earning Somewhat Favorable Media Coverage, Accern Reports
Headlines about Acacia Communications (NASDAQ:ACIA) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog 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 coverage optimism score of 0.16 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 44.8987694047265 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s rankings:
- Acacia Communications Inc (ACIA) Reaches Active Mover List – Sparta Review (spartareview.com)
- Buy Technology Stock analysis: Acacia Communications, Inc. (ACIA) – Street Observer (press release) (streetobserver.com)
- Acacia Communications, Inc. breached its 50 day moving average in a Bearish Manner : ACIA-US : August 11, 2017 (finance.yahoo.com)
- Acacia Communications Inc (ACIA) TEMA Picking up Steam – Evergreen Caller (evergreencaller.com)
- What Kind of Picture Are the Technicals Painting For Acacia Communications Inc (ACIA)? – Sparta Review (spartareview.com)
A number of research firms have issued reports on ACIA. B. Riley restated a “neutral” rating and issued a $53.50 target price on shares of Acacia Communications in a report on Monday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Acacia Communications in a research note on Friday, August 4th. Cowen and Company reaffirmed an “outperform” rating and set a $57.00 price objective on shares of Acacia Communications in a research note on Monday, July 24th. Deutsche Bank AG set a $60.00 price objective on shares of Acacia Communications and gave the company a “buy” rating in a research note on Wednesday, May 10th. Finally, ValuEngine downgraded shares of Acacia Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $61.89.
Acacia Communications (NASDAQ:ACIA) traded up 1.95% on Friday, hitting $43.83. 330,299 shares of the stock were exchanged. The company’s 50-day moving average is $43.05 and its 200-day moving average is $50.14. The company has a market cap of $1.72 billion, a PE ratio of 14.99 and a beta of 3.79. Acacia Communications has a 52 week low of $38.50 and a 52 week high of $128.73.
Acacia Communications (NASDAQ:ACIA) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.08. Acacia Communications had a return on equity of 34.46% and a net margin of 29.65%. The business had revenue of $78.90 million for the quarter, compared to the consensus estimate of $78.17 million. During the same period last year, the business earned $0.77 EPS. The firm’s revenue was down 32.0% compared to the same quarter last year. On average, analysts predict that Acacia Communications will post $1.88 earnings per share for the current year.
In related news, VP Christian J. Rasmussen sold 10,060 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $48.52, for a total value of $488,111.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Murugesan Shanmugaraj sold 8,983 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $48.52, for a total value of $435,855.16. The disclosure for this sale can be found here. Insiders sold a total of 40,247 shares of company stock worth $1,944,317 over the last three months.
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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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