News articles about Acacia Communications (NASDAQ:ACIA) have trended somewhat positive on Wednesday, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Acacia Communications earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 45.8054881236608 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

Acacia Communications (ACIA) opened at $37.67 on Wednesday. The firm has a market capitalization of $1,480.00 and a P/E ratio of 12.73. Acacia Communications has a 52-week low of $35.36 and a 52-week high of $69.57.

Acacia Communications (NASDAQ:ACIA) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.11. Acacia Communications had a return on equity of 25.29% and a net margin of 27.98%. The company had revenue of $105.00 million during the quarter, compared to analyst estimates of $104.35 million. During the same period in the prior year, the business posted $1.01 earnings per share. The firm’s revenue for the quarter was down 22.4% compared to the same quarter last year. analysts expect that Acacia Communications will post 1.15 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target on shares of Acacia Communications in a research report on Monday, October 23rd. William Blair assumed coverage on Acacia Communications in a research report on Tuesday, October 31st. They issued a “buy” rating for the company. AltaCorp Capital upgraded Acacia Communications from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research lowered Acacia Communications from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 8th. Finally, B. Riley upgraded Acacia Communications from a “neutral” rating to a “buy” rating and upped their price target for the company from $44.00 to $49.00 in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $50.50.

In other Acacia Communications news, VP Mehrdad Givehchi sold 48,722 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $36.80, for a total transaction of $1,792,969.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Francis J. Murphy sold 598 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $44.32, for a total value of $26,503.36. The disclosure for this sale can be found here. Insiders have sold 62,957 shares of company stock worth $2,331,922 over the last 90 days. 37.10% of the stock is owned by insiders.

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About Acacia Communications

Acacia Communications, Inc provides high-speed coherent interconnect products. The Company’s products include a series of low-power coherent digital signal processor application-specific integrated circuits (DSP ASICs), and silicon photonic integrated circuits (silicon PICs), which it has integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second (Gbps) for use in long-haul, metro and inter-data center markets.

Insider Buying and Selling by Quarter for Acacia Communications (NASDAQ:ACIA)

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