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Most Recent Stock Movements: Acacia Communications, Inc.'s (ACIA)

Acacia Communications
Eye-Catching Stock: Acacia Communications, Inc. (ACIA)
Author

13 May, 2017

William Blair reaffirmed an "outperform" rating on shares of Acacia Communications in a research note on Monday. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price objective on shares of Acacia Communications in a report on Wednesday, January 11th. On average, equities research analysts anticipate that Acacia Communications, Inc. will post $3.30 earnings per share for the current year.

The company reported an impressive total revenue of 478.41 Million in the last fiscal year. The average volume of a stock suggests the liquidity of a particular company. Buy rating has been given by 2 analysts to the company stock whereas 2 analysts given UNDERPERFORM rating to stock and 7 analysts given HOLD rating.

Acacia Communications, Inc. (ACIA) now has a consensus Price Target of $76.88.

Acacia Communications (NASDAQ:ACIA) opened at 44.48 on Wednesday.

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -38.67%, and has a poor year to date (YTD) performance of -27.97% which means the stock is constantly subtracting to its value from the previous fiscal year end price. Acacia Communications has a 52 week low of $27.05 and a 52 week high of $128.73.

Acacia Communications (NASDAQ:ACIA) last announced its earnings results on Tuesday, May 9th.

8 analysts on average are expecting the company to report revenue of $131.01 Million for the current quarter. After having $1.55 EPS previously, Acacia Communications, Inc.'s analysts see -66.45% EPS growth. The analysts offering Earnings Estimates for the company were believing that Acacia Communications, Inc. Winfield Associates Inc. now owns 2,150 shares of the technology company's stock valued at $222,000 after buying an additional 1,150 shares during the last quarter. Revenue rose to $114.7 million, from $84.5 million a year ago.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by BBNS and is owned by of BBNS. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & global trademark and copyright laws. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/05/11/acacia-communications-inc-acia-rating-reiterated-by-morgan-stanley.html.

In other news, insider Francis J. Murphy sold 2,869 shares of the company's stock in a transaction that occurred on Monday, April 3rd. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $61.12 on company shares. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock.

On 5/1/2017 Benny P. Mikkelsen, Insider, sold 25,842 with an average share price of $46.54 per share and the total transaction amounting to $1,202,686.68.

Several large investors have recently modified their holdings of ACIA. (ACIA) in which Morgan Stanley Upgrades Acacia Communications, Inc. Finally, Allianz Asset Management AG acquired a new stake in Acacia Communications during the fourth quarter worth about $28,129,000. Ltd purchased a new stake in shares of Acacia Communications during the fourth quarter valued at approximately $1,235,000. Finally, Jaffetilchin Investment Partners LLC bought a new stake in shares of Acacia Communications during the third quarter valued at about $300,000. Concannon Wealth Mgmt Llc has 0.11% invested in Web.com Group Inc (NASDAQ:WEB) for 5,060 shares.


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