Acacia Communications, Inc. (NASDAQ:ACIA) has coverage initiated with a Buy rating

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

Today, Craig Hallum initiated coverage on Acacia Communications, Inc. (NASDAQ:ACIA) with a Buy.

There are 8 Buy Ratings, 5 Hold Ratings, 2 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 $50.5769 per share, a potential 7.97% downside.

Some recent analyst ratings include

  • 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 2/26/2019 Francis J Murphy, VP, sold 10,017 with an average share price of $55.11 per share and the total transaction amounting to $552,036.87.
  • On 2/26/2019 Peter Y Chung, Director, sold 1,300,127 with an average share price of $52.25 per share and the total transaction amounting to $67,931,635.75.
  • On 2/14/2019 Benny P. Mikkelsen, CTO, sold 1,810 with an average share price of $43.38 per share and the total transaction amounting to $78,517.80.
  • On 2/14/2019 Bhupendra C. Shah, VP, sold 1,100 with an average share price of $43.38 per share and the total transaction amounting to $47,718.00.
  • On 2/14/2019 John F. Gavin, CFO, sold 770 with an average share price of $43.38 per share and the total transaction amounting to $33,402.60.
  • On 2/14/2019 Murugesan Shanmugaraj, CEO, sold 2,669 with an average share price of $43.38 per share and the total transaction amounting to $115,781.22.
  • On 2/4/2019 Benny P. Mikkelsen, Insider, sold 1,807 with an average share price of $42.34 per share and the total transaction amounting to $76,508.38.

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 55,26 up +1,07 1,97 % with 601086 shares trading hands.