Equities analysts predict that Acacia Communications, Inc. (NASDAQ:ACIA) will report earnings per share of $0.25 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Acacia Communications’ earnings. The highest EPS estimate is $0.33 and the lowest is $0.19. Acacia Communications posted earnings per share of $0.94 during the same quarter last year, which would indicate a negative year over year growth rate of 73.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that Acacia Communications will report full-year earnings of $1.74 per share for the current year, with EPS estimates ranging from $1.68 to $1.82. For the next fiscal year, analysts expect that the firm will report earnings of $1.68 per share, with EPS estimates ranging from $1.33 to $2.11. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Acacia Communications.

Acacia Communications (NASDAQ:ACIA) last announced its earnings results on Thursday, November 2nd. The technology company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.11. Acacia Communications had a return on equity of 25.29% and a net margin of 27.98%. The firm had revenue of $105.00 million for the quarter, compared to analysts’ expectations of $104.35 million. During the same quarter in the previous year, the company earned $1.01 earnings per share. The firm’s quarterly revenue was down 22.4% compared to the same quarter last year.

ACIA has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $50.00 target price 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 research note on Wednesday, October 4th. DA Davidson cut their target price on shares of Acacia Communications to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Cowen raised shares of Acacia Communications to an “outperform” rating and cut their target price for the company from $55.00 to $41.00 in a research note on Friday, November 3rd. Finally, MKM Partners started coverage on shares of Acacia Communications in a research note on Tuesday, September 19th. They set a “buy” rating and a $64.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $50.50.

In related news, VP Bhupendra C. Shah sold 8,300 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $47.81, for a total value of $396,823.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Benny P. Mikkelsen sold 2,901 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $36.40, for a total transaction of $105,596.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,625 shares of company stock valued at $943,778. Company insiders own 37.10% of the company’s stock.

Institutional investors have recently modified their holdings of the business. State of Wisconsin Investment Board grew its stake in Acacia Communications by 7.7% during the second quarter. State of Wisconsin Investment Board now owns 70,000 shares of the technology company’s stock worth $2,903,000 after buying an additional 5,000 shares during the last quarter. Koch Industries Inc. grew its stake in Acacia Communications by 9,918.7% during the second quarter. Koch Industries Inc. now owns 522,678 shares of the technology company’s stock worth $510,000 after buying an additional 517,461 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of Acacia Communications during the second quarter valued at approximately $1,013,000. Oak Ridge Investments LLC bought a new stake in shares of Acacia Communications during the third quarter valued at approximately $12,992,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Acacia Communications by 15.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,298 shares of the technology company’s stock valued at $1,754,000 after purchasing an additional 5,798 shares during the last quarter. 91.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Acacia Communications (ACIA) opened at $40.26 on Friday. Acacia Communications has a twelve month low of $35.36 and a twelve month high of $74.75. The company has a market capitalization of $1,590.06, a P/E ratio of 13.92, a P/E/G ratio of 2.34 and a beta of 2.21.

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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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Earnings History and Estimates for Acacia Communications (NASDAQ:ACIA)

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