Acacia Communications (NASDAQ:ACIA) Issues Quarterly Earnings Results, Beats Expectations By $0.20 EPS

Acacia Communications (NASDAQ:ACIA) issued its earnings results on Saturday. The technology company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.20, MarketWatch Earnings reports. Acacia Communications had a net margin of 12.56% and a return on equity of 11.85%.

Shares of ACIA opened at $68.71 on Monday. The company has a 50 day moving average price of $67.71 and a 200-day moving average price of $67.81. Acacia Communications has a fifty-two week low of $60.62 and a fifty-two week high of $69.13. The stock has a market capitalization of $2.88 billion, a PE ratio of 43.21 and a beta of 0.85.

In other news, VP Francis J. Murphy sold 2,804 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $67.33, for a total value of $188,793.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 5,569 shares of company stock valued at $374,622 in the last ninety days. Corporate insiders own 9.30% of the company’s stock.

Several brokerages recently issued reports on ACIA. BidaskClub cut shares of Acacia Communications from a “sell” rating to a “strong sell” rating in a report on Friday, November 6th. Zacks Investment Research cut shares of Acacia Communications from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 13th.

About Acacia Communications

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.

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Earnings History for Acacia Communications (NASDAQ:ACIA)

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