Media coverage about Acacia Communications (NASDAQ:ACIA) has trended somewhat positive on Saturday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Acacia Communications earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.9087788737185 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Acacia Communications (ACIA) opened at $36.80 on Friday. The company has a market cap of $1,457.35, a P/E ratio of 12.43, a P/E/G ratio of 2.77 and a beta of 2.28. Acacia Communications has a fifty-two week low of $35.36 and a fifty-two week high of $69.57.
Acacia Communications (NASDAQ:ACIA) last posted its quarterly earnings results on Thursday, November 2nd. The technology company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.35 by $0.11. The business had revenue of $105.00 million during the quarter, compared to analysts’ expectations of $104.35 million. Acacia Communications had a net margin of 27.98% and a return on equity of 25.29%. The firm’s quarterly revenue was down 22.4% compared to the same quarter last year. During the same period last year, the company posted $1.01 earnings per share. equities research analysts forecast that Acacia Communications will post 1.15 EPS for the current fiscal year.
In related news, CEO Murugesan Shanmugaraj sold 6,975 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $38.23, for a total transaction of $266,654.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Francis J. Murphy sold 598 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $44.32, for a total transaction of $26,503.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,932 shares of company stock valued at $2,598,576. 37.10% of the stock is currently owned by corporate 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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