Equities research analysts expect that Acacia Communications, Inc. (NASDAQ:ACIA) will announce earnings per share (EPS) of $0.43 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Acacia Communications’ earnings, with estimates ranging from $0.41 to $0.46. Acacia Communications posted earnings of $0.42 per share during the same quarter last year, which suggests a positive year over year growth rate of 2.4%. The firm is expected to announce its next earnings results on Thursday, November 7th.

According to Zacks, analysts expect that Acacia Communications will report full year earnings of $1.64 per share for the current financial year, with EPS estimates ranging from $1.57 to $1.75. For the next financial year, analysts expect that the business will report earnings of $2.06 per share, with EPS estimates ranging from $1.74 to $2.35. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Acacia Communications.

Acacia Communications (NASDAQ:ACIA) last posted its earnings results on Tuesday, August 6th. The technology company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. Acacia Communications had a return on equity of 7.30% and a net margin of 5.30%. The company had revenue of $111.18 million for the quarter, compared to the consensus estimate of $108.68 million.

A number of research firms have commented on ACIA. Zacks Investment Research downgraded Acacia Communications from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Craig Hallum downgraded Acacia Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Needham & Company LLC downgraded Acacia Communications from a “buy” rating to a “hold” rating and set a $64.91 target price on the stock. in a research report on Wednesday, July 10th. Bank of America upgraded Acacia Communications from an “underperform” rating to a “neutral” rating and set a $56.60 target price on the stock in a research report on Monday, May 6th. Finally, Citigroup downgraded Acacia Communications from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $58.07.

In related news, CEO Murugesan Shanmugaraj sold 43,000 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $50.12, for a total value of $2,155,160.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Christian J. Rasmussen sold 12,000 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $46.77, for a total value of $561,240.00. The disclosure for this sale can be found here. Insiders sold a total of 117,661 shares of company stock worth $5,830,357 in the last quarter. Company insiders own 9.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Penserra Capital Management LLC purchased a new position in shares of Acacia Communications in the 1st quarter worth approximately $126,000. Metropolitan Life Insurance Co. NY increased its holdings in shares of Acacia Communications by 356.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,018 shares of the technology company’s stock valued at $343,000 after purchasing an additional 7,043 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Acacia Communications by 387.9% in the fourth quarter. Deutsche Bank AG now owns 278,378 shares of the technology company’s stock valued at $10,577,000 after purchasing an additional 221,327 shares during the last quarter. Strs Ohio increased its holdings in shares of Acacia Communications by 21.0% in the first quarter. Strs Ohio now owns 82,400 shares of the technology company’s stock valued at $4,725,000 after purchasing an additional 14,300 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of Acacia Communications in the first quarter valued at approximately $375,000. Institutional investors own 74.03% of the company’s stock.

NASDAQ:ACIA traded down $0.44 on Thursday, reaching $64.48. The company’s stock had a trading volume of 140,273 shares, compared to its average volume of 932,729. Acacia Communications has a 12-month low of $32.98 and a 12-month high of $67.49. The company has a current ratio of 4.18, a quick ratio of 3.82 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 429.87, a price-to-earnings-growth ratio of 3.53 and a beta of 1.74. The company has a 50 day moving average of $60.63.

About Acacia Communications

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

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