Media stories about Acacia Communications (NASDAQ:ACIA) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Acacia Communications earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 44.0269592356566 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Shares of Acacia Communications (ACIA) traded down 1.56% during mid-day trading on Wednesday, hitting $48.73. The stock had a trading volume of 44,630 shares. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 16.67 and a beta of 3.79. Acacia Communications has a 12-month low of $38.50 and a 12-month high of $128.73. The firm’s 50-day moving average price is $43.82 and its 200 day moving average price is $49.08.

Acacia Communications (NASDAQ:ACIA) last issued its earnings results on Thursday, August 3rd. The technology company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.08. The business had revenue of $78.90 million for the quarter, compared to the consensus estimate of $78.17 million. Acacia Communications had a net margin of 29.65% and a return on equity of 34.46%. The business’s quarterly revenue was down 32.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 earnings per share. Equities analysts forecast that Acacia Communications will post $1.88 EPS for the current fiscal year.

Several research analysts have recently issued reports on the company. Zacks Investment Research cut Acacia Communications from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. B. Riley reissued a “neutral” rating and issued a $44.00 price target on shares of Acacia Communications in a research note on Wednesday, August 9th. Cowen and Company reissued a “buy” rating and issued a $55.00 price target (down previously from $57.00) on shares of Acacia Communications in a research note on Friday, August 4th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target on shares of Acacia Communications in a research note on Friday, August 4th. Finally, Northland Securities set a $50.00 price target on Acacia Communications and gave the stock a “buy” rating in a research note on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $61.89.

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In related news, CFO John F. Gavin sold 858 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $44.46, for a total transaction of $38,146.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Francis J. Murphy sold 8,380 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $48.00, for a total transaction of $402,240.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,089 shares of company stock worth $743,683. Insiders own 37.10% of the company’s stock.

Acacia Communications Company Profile

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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