Brokerages forecast that Acacia Communications, Inc. (NASDAQ:ACIA) will announce earnings of $0.63 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Acacia Communications’ earnings. The lowest EPS estimate is $0.59 and the highest is $0.66. Acacia Communications posted earnings per share of $0.41 during the same quarter last year, which suggests a positive year over year growth rate of 53.7%. The business is expected to report its next quarterly earnings report on Thursday, February 20th.

According to Zacks, analysts expect that Acacia Communications will report full year earnings of $2.01 per share for the current financial year, with EPS estimates ranging from $1.97 to $2.05. For the next year, analysts expect that the company will post earnings of $2.33 per share, with EPS estimates ranging from $2.31 to $2.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Acacia Communications.

Acacia Communications (NASDAQ:ACIA) last released its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.16. The firm had revenue of $119.59 million during the quarter, compared to analyst estimates of $116.15 million. Acacia Communications had a net margin of 6.58% and a return on equity of 8.57%.

A number of research analysts have recently commented on ACIA shares. Zacks Investment Research lowered shares of Acacia Communications from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. ValuEngine lowered shares of Acacia Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $60.09.

In related news, VP Francis J. Murphy sold 559 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $64.89, for a total value of $36,273.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 1,369 shares of company stock valued at $90,756 over the last quarter. 9.30% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. FMR LLC boosted its position in Acacia Communications by 9.1% during the first quarter. FMR LLC now owns 513,183 shares of the technology company’s stock valued at $29,431,000 after buying an additional 42,623 shares during the period. Wells Fargo & Company MN raised its stake in Acacia Communications by 83.1% in the second quarter. Wells Fargo & Company MN now owns 98,609 shares of the technology company’s stock worth $4,650,000 after buying an additional 44,754 shares in the last quarter. Smith Asset Management Group LP bought a new position in Acacia Communications in the second quarter worth about $988,000. Bank of Montreal Can bought a new position in Acacia Communications in the second quarter worth about $205,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Acacia Communications by 15.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 184,997 shares of the technology company’s stock worth $8,725,000 after buying an additional 25,040 shares in the last quarter. Institutional investors own 78.96% of the company’s stock.

Shares of ACIA traded up $0.15 during mid-day trading on Tuesday, reaching $68.51. 336,000 shares of the stock traded hands, compared to its average volume of 476,769. The firm has a fifty day moving average price of $67.47 and a 200 day moving average price of $64.58. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 456.73, a price-to-earnings-growth ratio of 1.45 and a beta of 1.70. The company has a current ratio of 3.91, a quick ratio of 3.60 and a debt-to-equity ratio of 0.03. Acacia Communications has a 1 year low of $40.86 and a 1 year high of $68.65.

Acacia Communications Company Profile

Acacia Communications, Inc develops, manufactures, and sells high-speed coherent optical interconnect products in the United States, China, Germany, Thailand, and internationally. The company offers embedded and pluggable module products consisting of optical interconnect modules with transmission speeds ranging from 100 to 1,200 gigabits per second for use in long-haul, metro, and inter-data center markets.

Read More: How Does the Quiet Period Work?

Get a free copy of the Zacks research report on Acacia Communications (ACIA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Acacia Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acacia Communications and related companies with MarketBeat.com's FREE daily email newsletter.