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.

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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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