Acacia Communications, Inc. (NASDAQ:ACIA) registered a -4.44% decrease, still its new closing price is 115.42% up from the company’s 1 year high of 128.73.It posted -7.33% losses in previous 5 sessions and is now the subject of 2 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 4 buy or better ratings. The 8 stock analysts following this company have an average price target at $112.50, with individual PT in the $80.00-$125.00 range. The shares moved at $58.27, implying that brokerage firms see shares gaining about – in twelve months time.
Acacia Communications, Inc. (ACIA) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -5.64% fall year to date. A Corporate Controller at Acacia Communications, Inc. (ACIA) offloaded shares in a transaction closed on Monday January 09, 2017. Murphy Francis J sold 17,157 shares in the company at $60.43 each and collected $1,036,001 in proceeds. Murphy Francis J now owns 30,009 shares in the company after this transaction. A President & CEO in the company, Shanmugaraj Murugesan, disclosed a transaction on Friday January 06, 2017 that ended up generating $1,829,001 from the sale of 30,000 shares at $60.99 per share.
Acacia Communications, Inc. (NASDAQ:ACIA) Upcoming Results on Tap
Acacia Communications, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.85 in that period. Sales during the quarter are predicted to arrive at $137.36 million.
Earnings surprise history: Last quarter, the company posted approximately $135.3 million in revenue and EPS of $1.01. The mean forecast was for $131.91 million and $0.84 a share, respectively. One quarter earlier, revenue for the stock was at $116.19 million, with earnings at $0.77/share.
Acacia Communications, Inc. (ACIA) Brokerage Update
Over the last six months and over the last three months, the shares of Acacia Communications, Inc. (ACIA), have changed -10.40% and -20.89%, respectively.