Equities research analysts expect Acacia Communications, Inc. (NASDAQ:ACIA) to report $0.36 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for Acacia Communications’ earnings. The lowest EPS estimate is $0.34 and the highest is $0.41. Acacia Communications posted earnings per share of ($0.08) during the same quarter last year, which would suggest a positive year over year growth rate of 550%. The company is expected to issue its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Acacia Communications will report full-year earnings of $1.65 per share for the current year, with EPS estimates ranging from $1.57 to $1.75. For the next year, analysts forecast that the company will report earnings of $2.13 per share, with EPS estimates ranging from $1.74 to $2.65. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Acacia Communications.

Acacia Communications (NASDAQ:ACIA) last issued its earnings results on Thursday, May 2nd. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.26. The business had revenue of $105.20 million for the quarter, compared to analysts’ expectations of $101.10 million. Acacia Communications had a return on equity of 4.96% and a net margin of 5.63%. The company’s quarterly revenue was up 44.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS.

Several equities research analysts have recently weighed in on ACIA shares. MKM Partners upped their price objective on Acacia Communications to $60.00 and gave the company a “neutral” rating in a research note on Monday, February 25th. Morgan Stanley lowered Acacia Communications from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $38.00 to $44.00 in a research note on Wednesday, March 27th. Craig Hallum initiated coverage on Acacia Communications in a report on Monday, March 4th. They issued a “buy” rating on the stock. Piper Jaffray Companies raised Acacia Communications to an “overweight” rating and set a $59.00 target price on the stock in a report on Friday, February 22nd. Finally, Cowen boosted their target price on Acacia Communications from $45.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $57.36.

In other Acacia Communications news, VP Bhupendra C. Shah sold 1,100 shares of the company’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $43.38, for a total transaction of $47,718.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Benny P. Mikkelsen sold 1,810 shares of the company’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $43.38, for a total value of $78,517.80. The disclosure for this sale can be found here. Insiders sold a total of 1,514,202 shares of company stock worth $79,539,201 over the last three months. 9.30% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Patriot Financial Group Insurance Agency LLC acquired a new position in Acacia Communications during the 1st quarter worth $39,000. Acadian Asset Management LLC acquired a new position in Acacia Communications during the 1st quarter worth $81,000. State of Tennessee Treasury Department acquired a new position in Acacia Communications during the 1st quarter worth $107,000. Penserra Capital Management LLC acquired a new position in Acacia Communications during the 1st quarter worth $126,000. Finally, Great West Life Assurance Co. Can lifted its holdings in Acacia Communications by 100.6% during the 4th quarter. Great West Life Assurance Co. Can now owns 3,611 shares of the technology company’s stock worth $132,000 after buying an additional 1,811 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ ACIA traded down $0.05 during mid-day trading on Wednesday, reaching $52.94. The company had a trading volume of 23,012 shares, compared to its average volume of 732,461. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 354.00, a PEG ratio of 3.03 and a beta of 1.71. The company has a quick ratio of 4.65, a current ratio of 4.93 and a debt-to-equity ratio of 0.03. Acacia Communications has a 1-year low of $31.42 and a 1-year high of $62.18.

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.

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Earnings History and Estimates for Acacia Communications (NASDAQ:ACIA)

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