Published: Tue, April 17, 2018
Industry | By Terrell Bush

Acacia Communica Cmn (ACIA): Attractive Mover


Acacia Communications, Inc.'s beta is N/A whilst the stock has an average true range (ATR) of 1.97. (NASDAQ:ACIA)'s earnings release, RTT reports. -53.58% away from the high and -23.90% from the low. After $0.12 actual earnings per share reported by Acacia Communications, Inc. for the previous quarter, Wall Street now forecasts -158.33% negative EPS growth. The company is scheduled to report its next earnings results on Tuesday, May 8th.

The fiber-optic component maker's shares tumbled almost 35% Monday following the news that The U.S. Department of Commerce has issued new sanctions to Chinese telecom equipment maker ZTE, banning U.S. companies from selling components to ZTE for a period of seven years after it was determined that ZTE violated terms of its 2017 settlement agreement with the department. (NASDAQ:ACIA). This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. ACIA reached $25.63 on during the last trading session after $14.4 change.Acacia Communications, Inc.is downtrending after having declined 30.95% since April 16, 2017. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.25 by $0.02. Loop Capital assumed coverage on shares of Acacia Communications in a research note on Monday, January 29th. The company had revenue of $86.60 million for the quarter, compared to analysts' expectations of $88.41 million. Cowen & Co initiated Acacia Communications, Inc. With a return potential of almost 68%, the stock's consensus target price stands at $43.11. Wedbush maintained it with "Hold" rating and $8.0 target in Tuesday, March 13 report. Given the importance of identifying companies that will ensure earnings per share at a high rate, we later obsession to umpire how to determine which companies will achieve high amassing standards. A stock with a price that fluctuates wildly, hits new highs and lows or moves erratically is considered highly volatile. JP Morgan maintained the shares of SGMO in report on Saturday, August 8 with "Overweight" rating.

Analysts mean recommendation for the stock is 2.30, (where 1 is Strong Buy and 5 is Strong Sell). The company has a consensus rating of Hold and a consensus target price of $43.64. The shares were sold at an average price of $35.05, for a total transaction of $1,121,600.00.

The relative strength index (RSI)'s recent value positioned at 25.32.

In other Acacia Communications news, VP Christian J. Rasmussen sold 32,000 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $35.05, for a total transaction of $1,121,600.00. The disclosure for this sale can be found here.

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Large investors have recently bought and sold shares of the company. Element Capital Management LLC acquired a new stake in shares of Acacia Communications in the fourth quarter worth $3,571,000. Guggenheim Capital LLC increased its position in shares of Acacia Communications by 6.4% during the 4th quarter. The stock exchanged hands 12.82 Million shares versus average trading capacity of 534.75 Million shares, yielding a market cap of $1.01 Billion. Deutsche Bank AG now owns 145,797 shares of the technology company's stock valued at $5,281,000 after purchasing an additional 15,546 shares during the last quarter. Institutional investors and hedge funds own 66.39% of the company's stock.

Shares of Acacia Communications stock traded down $0.53 during midday trading on Thursday, reaching $41.06.

Trading volume is an essential technical indicator a shareholder uses to confirm a trend or trend reversal. Acacia Communications has a one year low of $27.05 and a one year high of $128.73.

Acacia Communica Cmn (NASDAQ:ACIA)'s trailing twelve month revenues are $385.2 Million, whereas its price to sales ratio for the same period is 2.62. "(ACIA) Will Post Quarterly Sales of $72.03 Million" was first posted by registrarjournal.com and is the sole property of of registrarjournal.com.

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