Acacia Communications, Inc. (NASDAQ:ACIA) shares were up 4.29% on Thursday when approximately 2.22M shares were traded, against the average daily trading volume of 1.22M. Analysts at Credit Agricole recently upgraded the stock to Underperform from Buy. Acacia Communications, Inc. (NASDAQ:ACIA) has a consensus Strong buy rating, according to Zacks Investment Research. No analyst has rated the stock with a sell rating, 1 has assigned a hold rating, 1 says it’s a buy, and 5 have assigned a strong buy rating to the company.
Analysts have a consensus target price of $112.50 in the 12-month period. The price objective is 96.20% higher than the recent closing price of $57.34. The 52-week price range is $27.05-$128.73 and the company has a market capitalization of $2.15 billion.
Acacia Communications, Inc. provides high-speed coherent interconnect products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. Its products include a series of low-power coherent digital signal processors and silicon photonic integrated circuits integrated into families of optical interconnect modules with transmission speeds ranging from 40 to 400 gigabits per second for use in long-haul, metro, and inter-data center markets. The company sells its products through a direct sales force to network equipment manufacturers. Acacia Communications, Inc. was founded in 2009 and is headquartered in Maynard, Massachusetts.