A reading under 30 may indicate that the stock is oversold, and possibly undervalued. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Acacia Communications, Inc develops, manufactures, and sells high-speed coherent optical interconnect products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. The stock presently has a consensus rating of Hold and an average target price of $33.45.
In other Acacia Communications news, VP Christian J. Rasmussen sold 32,000 shares of the stock in a transaction dated Monday, January 29th.
The Dow Jones industrial average rose 68.24 points to 24,899.41, with UnitedHealth and Walmart as the best-performing stocks in the index.
On Friday, March 9th, Francis J. Murphy sold 7,821 shares of Acacia Communications stock. The shares were sold at an average price of $43.84, for a total transaction of $350,720.00. Morgan Stanley, for example, Upgrade Acacia Communications, Inc. from Underweight to Equal-Weight in a report that was made public on Friday, April 27th, 2018. The firm has a market capitalization of $1,026.82, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 4.47 and a beta of 0.88. The technology company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.04. Acacia Communications had a positive return on equity of 4.95% and a negative net margin of 1.83%. Notwithstanding that, the firm is seeing a foremost top-line progress, with their year-over-year quarterly revenue decreasing by -36.40%. During the same quarter last year, the firm earned $0.77 earnings per share. research analysts expect that Acacia Communications will post 0.03 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. The current 14-day ATR for Acacia Communications, Inc. Growth in EPS is an important measure of administration performance because it shows how much money the company is making for it's investors or shareholders, not only because of changes in profit, but also after all the effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition). First Mercantile Trust Co. acquired a new position in shares of Acacia Communications during the 1st quarter worth approximately $192,000.
Notwithstanding that, the passion for the stock has increased, which sees an increase in its trading volume by 346.674% above its longer-run average levels. Swiss National Bank now owns 30,800 shares of the technology company's stock valued at $1,185,000 after buying an additional 1,900 shares during the last quarter. CWM LLC acquired a new position in shares of Acacia Communications in the fourth quarter valued at approximately $3,599,000. The Manufacturers Life Insurance Company now owns 18,525 shares of the technology company's stock valued at $671,000 after acquiring an additional 3,623 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its stake in Acacia Communications by 1.3% in the 1st quarter. When we look at the Volatility of the company, Week Volatility is at 5.30% whereas Month Volatility is at 6.81%. Corporate insiders own 33.20% of the company's stock.
A number of other research firms have also commented on ACIA. Schwab Charles Investment Management Inc. increased its holdings in shares of Acacia Communications by 24.7% in the fourth quarter. Finally, Northland Securities cut their target price on shares of Acacia Communications from $50.00 to $35.00 and set an "outperform" rating for the company in a research report on Tuesday, April 17th. UBS started coverage on shares of Acacia Communications in a research report on Wednesday, January 31st. They set a buy rating and a $50.00 price target for the company. Bank of America lowered shares of Acacia Communications from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 17th.
When we look at the Analyst Recommendations of the stock, the company has 1.4 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell.
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