Acacia Communications (NASDAQ: ACIA) has recently received a number of price target changes and ratings updates:
Shares of Acacia Communications, Inc. (NASDAQ:ACIA) traded down 6.52% during mid-day trading on Monday, hitting $72.93. 1,572,997 shares of the company’s stock traded hands. The stock has a market cap of $2.73 billion and a P/E ratio of 33.55. The stock has a 50 day moving average price of $79.00 and a 200-day moving average price of $72.71. Acacia Communications, Inc. has a 1-year low of $27.05 and a 1-year high of $128.73.
Acacia Communications (NASDAQ:ACIA) last issued its earnings results on Thursday, November 10th. The company reported $1.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.15. The company had revenue of $135.30 million for the quarter, compared to analysts’ expectations of $130.85 million. Acacia Communications had a net margin of 22.18% and a return on equity of 69.87%. The firm’s revenue was up 106.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 earnings per share. Equities research analysts anticipate that Acacia Communications, Inc. will post $3.16 EPS for the current fiscal year.