Acacia Communications (NASDAQ:ACIA) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 1st. Analysts expect Acacia Communications to post earnings of $0.04 per share for the quarter. Acacia Communications has set its Q3 guidance at $0.10 to $0.22 EPS.
Acacia Communications (NASDAQ:ACIA) last issued its quarterly earnings results on Thursday, August 2nd. The technology company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). The firm had revenue of $65.00 million during the quarter, compared to analyst estimates of $63.35 million. Acacia Communications had a positive return on equity of 2.66% and a negative net margin of 4.30%. The firm’s quarterly revenue was down 17.6% on a year-over-year basis. During the same period last year, the company posted $0.26 EPS. On average, analysts expect Acacia Communications to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NASDAQ ACIA opened at $33.45 on Tuesday. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 28.11 and a beta of 1.33. Acacia Communications has a 1 year low of $24.72 and a 1 year high of $45.31.
In other news, CEO Murugesan Shanmugaraj sold 2,708 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $39.32, for a total value of $106,478.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mehrdad Givehchi sold 2,707 shares of the stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $39.32, for a total value of $106,439.24. The disclosure for this sale can be found here. Insiders have sold a total of 6,674 shares of company stock valued at $262,276 in the last quarter. Insiders own 33.20% of the company’s stock.
Acacia Communications Company Profile
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. Its products include a series of low-power coherent digital signal processor application-specific integrated circuits and silicon photonic integrated circuits that are integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second for use in long-haul, metro, and inter-data center markets.
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