Acacia Communications, Inc. (NASDAQ:ACIA) Experiences Heavier than Average Trading Volume

US Bancorp DE's holdings in Acacia Communications were worth $115,000 as of its most recent SEC filing.

A number of brokerages have commented on ACIA. The company issued revenue guidance of $77-79 million, compared to the consensus revenue estimate of $91.29 million.Acacia Communications also updated its Q3 guidance to $0.25-0.40 EPS. Russell Investments Group Ltd. bought a new stake in Acacia Communications during the fourth quarter worth about $266,000. About 45,371 shares traded. State Street Corp now owns 206,284 shares of the technology company's stock worth $12,736,000 after buying an additional 133,065 shares during the last quarter. Equities analysts anticipate that Acacia Communications, Inc. will post $1.97 earnings per share for the current year. Finally, Sumitomo Mitsui Asset Management Company LTD increased its position in shares of Acacia Communications by 22.0% in the first quarter. Bank of New York Mellon Corp now owns 37,528 shares of the technology company's stock worth $2,200,000 after buying an additional 2,340 shares during the period. Ameriprise Financial Inc. owned about 0.51% of Acacia Communications worth $11,489,000 at the end of the most recent quarter. ACIA's profit will be $9.03M for 39.31 P/E if the $0.25 EPS becomes a reality. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 11.48 and a beta of 3.81. The firm's 50-day moving average is $45.72 and its 200 day moving average is $54.39.

Acacia Communications (NASDAQ:ACIA) last released its earnings results on Tuesday, May 9th. The technology company reported $0.86 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.52 by $0.34. Acacia Communications had a return on equity of 43.80% and a net margin of 30.02%. Next quarter's EPS is expected be $0.47 and the next full year EPS is projected to be $2.96. Acacia Communications's quarterly revenue was up 35.7% on a year-over-year basis. (NYSE:HD), at its latest closing price of $152.88, it has a price-to-book ratio of 46.19, compared to an industry average at 8.34.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another website, it was stolen and reposted in violation of USA and worldwide copyright & trademark laws. The original version of this piece of content can be read at https://www.themarketsdaily.com/2017/07/14/valuengine-lowers-acacia-communications-inc-nasdaqacia-to-hold.html. Analysts have a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). William Blair started covering ACIA giving it an initial rating of "Outperform". The company was initiated on Friday, June 23 by DA Davidson. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. They presently have a $50.00 price target on the technology company's stock, down from their previous price target of $65.00.

In other Acacia Communications news, insider Benny P. Mikkelsen sold 25,842 shares of the business's stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $48.52, for a total value of $435,855.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The current share price indicates that stock is -69.70% away from its one year high and is moving -1.29% ahead of its 52-week low. Christian J. Rasmussen, VP Digital Signal Proc&Optics disclosed the sale of 10,060 shares of (ACIA). Stock value has moved between $5.93 - 9.76 in last one year.

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