Acacia Communications (ACIA) Receives Daily Media Sentiment Rating of 0.12
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:
- Monthly Downward Snap – Acacia Communications, Inc. (ACIA) performed -4.43% – The Stocks News (press release) (thestocksnews.com)
- What’s Happening With These Communication Equipment Stocks? — Barracuda Networks, QUALCOMM, Acacia … – The Daily Telescope (dailytelescope.com)
- What’s Happening With These Communication Equipment Stocks? — Barracuda Networks, QUALCOMM, Acacia … – Broadway World (broadwayworld.com)
- Stock Traders Purchase Large Volume of Put Options on Acacia Communications (ACIA) (americanbankingnews.com)
- Francis J. Murphy Sells 348 Shares of Acacia Communications, Inc. (ACIA) Stock (americanbankingnews.com)
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.
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.
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