Acacia Communications, Inc. (NASDAQ:ACIA) gets upgraded to Overweight by Piper Jaffray Companies with a price target of $46.00

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

Today, Acacia Communications, Inc. (NASDAQ:ACIA) stock received an upgrade by Piper Jaffray Companies from Neutral to Overweight with a price target of $46.00.

There are 9 Buy Ratings, 6 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Acacia Communications, Inc. (NASDAQ:ACIA) is Buy with a consensus target price of $40.0385 per share, a potential 3.94% downside.

Some recent analyst ratings include

  • 8/23/2018-Acacia Communications, Inc. (NASDAQ:ACIA) gets upgraded to Overweight by Piper Jaffray Companies with a price target of $46.00
  • 8/3/2018-Acacia Communications, Inc. (NASDAQ:ACIA) had its Buy rating reiterated by Cowen with a $44.00 price target

Recent Insider Trading Activity For Acacia Communications, Inc. (NASDAQ:ACIA)
Acacia Communications, Inc. (NASDAQ:ACIA) has insider ownership of 33.20% and institutional ownership of 91.11%.

  • On 8/14/2018 John F. Gavin, CFO, sold 544 with an average share price of $39.32 per share and the total transaction amounting to $21,390.08.
  • On 8/14/2018 Mehrdad Givehchi, VP, sold 2,707 with an average share price of $39.32 per share and the total transaction amounting to $106,439.24.
  • On 8/14/2018 Murugesan Shanmugaraj, CEO, sold 2,708 with an average share price of $39.32 per share and the total transaction amounting to $106,478.56.
  • On 7/23/2018 Francis J. Murphy, Insider, sold 380 with an average share price of $33.31 per share and the total transaction amounting to $12,657.80.
  • On 7/2/2018 Francis J. Murphy, Insider, sold 281 with an average share price of $34.43 per share and the total transaction amounting to $9,674.83.
  • On 6/18/2018 Francis J. Murphy, Insider, sold 68 with an average share price of $34.67 per share and the total transaction amounting to $2,357.56.
  • On 5/14/2018 Benny P. Mikkelsen, CTO, sold 5,184 with an average share price of $35.94 per share and the total transaction amounting to $186,312.96.

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 41.36 up +3.13 8.19% with 39.45 shares trading hands.