Acacia Communications, Inc. (NASDAQ:ACIA) gets downgraded to Underweight by Morgan Stanley with a price target of $44.00

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Analyst Ratings For Acacia Communications, Inc. (NASDAQ:ACIA)

Today, Acacia Communications, Inc. (NASDAQ:ACIA) stock was downgraded by Morgan Stanley from Equal Weight to Underweight with a price target of $44.00.

There are 8 Buy Ratings, 4 Hold Ratings, 3 Sell Ratings, no Strong Buy Ratings on the stock.

The current consensus rating on Acacia Communications, Inc. (NASDAQ:ACIA) is Hold with a consensus target price of $51.6538 per share, a potential 5.81% downside.

Some recent analyst ratings include

  • 3/27/2019-Acacia Communications, Inc. (NASDAQ:ACIA) gets downgraded to Underweight by Morgan Stanley with a price target of $44.00
  • 3/4/2019-Acacia Communications, Inc. (NASDAQ:ACIA) has coverage initiated with a Buy rating
  • 2/22/2019-Acacia Communications, Inc. (NASDAQ:ACIA) gets downgraded to Neutral by B. Riley with a price target of $50.50
  • 2/22/2019-Acacia Communications, Inc. (NASDAQ:ACIA) had its Hold rating reiterated by Needham & Company LLC
  • On 3/21/2019 Mehrdad Givehchi, VP, sold 21,000 with an average share price of $57.88 per share and the total transaction amounting to $1,215,480.00.
  • On 3/19/2019 John F. Gavin, CFO, sold 2,413 with an average share price of $56.05 per share and the total transaction amounting to $135,248.65.
  • On 3/19/2019 Mehrdad Givehchi, VP, sold 1,629 with an average share price of $56.05 per share and the total transaction amounting to $91,305.45.
  • On 3/19/2019 Murugesan Shanmugaraj, CEO, sold 4,544 with an average share price of $56.05 per share and the total transaction amounting to $254,691.20.
  • On 3/14/2019 Stan J Reiss, Director, sold 30,000 with an average share price of $53.51 per share and the total transaction amounting to $1,605,300.00.
  • On 3/11/2019 Murugesan Shanmugaraj, CEO, sold 12,900 with an average share price of $53.30 per share and the total transaction amounting to $687,570.00.
  • On 3/7/2019 Christian J. Rasmussen, VP, sold 80,000 with an average share price of $53.27 per share and the total transaction amounting to $4,261,600.00.

About Acacia Communications, Inc. (NASDAQ:ACIA)
Acacia Communications, Inc. develops, manufactures, and sells high-speed coherent optical 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 processor application-specific integrated circuits and silicon photonic integrated circuits that are integrated into families of optical interconnect modules with transmission speeds ranging from 100 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, network operators, and cloud service providers. Acacia Communications, Inc. was founded in 2009 and is headquartered in Maynard, Massachusetts.

Recent Trading Activity for Acacia Communications, Inc. (NASDAQ:ACIA)
Shares of Acacia Communications, Inc. closed the previous trading session at 54,84 −1,31 2,33 % with 54.97 shares trading hands.