Acacia Communications, Inc. (NASDAQ:ACIA) registered a 4.29% increase, still its new closing price is 111.98% up from the company’s 1 year high of 128.73.It posted -7.96% 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 $57.34, 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 -7.14% fall year to date. A Corporate Controller at Acacia Communications, Inc. (ACIA) offloaded shares in a transaction closed on Monday January 30, 2017. Murphy Francis J sold 1,608 shares in the company at $60.67 each and collected $97,001 in proceeds. Murphy Francis J now owns 28,759 shares in the company after this transaction. A Corporate Controller in the company, Murphy Francis J, disclosed a transaction on Monday January 09, 2017 that ended up generating $1,036,001 from the sale of 17,157 shares at $60.43 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
Acacia Communications, Inc. (ACIA) is in Morgan Stanley’s research list so their analyst rating change is noteworthy. These shares were upgraded to Overweight from Equal-Weight by Morgan Stanley, according to news reported on Thursday February 02, 2017. Over the last six months and over the last three months, the shares of Acacia Communications, Inc. (ACIA), have changed -6.00% and -16.19%, respectively.