Acacia Communications Inc. [ACIA] has traded in a range of $60.62 to $69.27 in the last 1 year. As of this writing, the stock is at $69.41, up 0.23%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, ACIA shares are 1.17% up with the monthly amount drift of 2.96% and seems well in a long time frame.

On 9, November 2020, Acacia Communications Reports Third Quarter 2020 Results. According to news published on Yahoo Finance, Acacia Communications, Inc. (NASDAQ: ACIA), a leading provider of high-speed coherent optical interconnect products, today reported financial results for its third quarter ended September 30, 2020. Acacia Communications will not host a conference call to discuss its results for the third quarter of 2020 or provide forward guidance for the fourth quarter ending December 31, 2020, due to the previously announced proposed acquisition of Acacia Communications by Cisco Systems, Inc.

Analyst Birdseye View:

The most recent analyst activity for Acacia Communications Inc. [NASDAQ:ACIA] stock was on July 01, 2019, when it was Upgrade with a Buy rating from Needham, which also raised its 12-month price target on the stock to $59. On May 06, 2019, BofA/Merrill Upgrade a Neutral rating. On March 27, 2019, Morgan Stanley Downgrade an Underweight rating and increased its price target from $38 to $44. On February 22, 2019, B. Riley FBR Downgrade a Neutral rating and increased its price target to $50.50. On August 24, 2018, BofA/Merrill Downgrade an Underperform rating. On August 23, 2018, Piper Jaffray Upgrade an Overweight rating. On August 03, 2018, DA Davidson Reiterated a Neutral rating and improved its amount target to $37.

In the past 52 weeks of trading, this stock has oscillated between a low of $60.62 and a peak of $69.27. Right now, the middling Wall Street analyst 12-month amount mark is $70.00. At the most recent market close, shares of Acacia Communications Inc. [NASDAQ:ACIA] were valued at $69.41. According to the average price forecast, investors can expect a potential return of 0.0%.

FUNDAMENTAL ANALYSIS

Acacia Communications Inc. [NASDAQ:ACIA] most recently reported quarterly sales of 158.46 billion, which represented growth of 32.50%. This publicly-traded organization’s revenue is $1,083,131 per employee, while its income is $76,548 per employee. This company’s Gross Margin is currently 48.40%, its Operating Margin is 10.60%, its Pretax Margin is +4.66, and its Net Margin is +7.07. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 4.93, 6.07, 3.45 and 5.99 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 3.33 and the whole liability to whole assets at 2.74. It shows enduring liability to the whole principal at 2.63 and enduring liability to assets at 0.02 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 69.08 points at 1st support level, the second support level is making up to 68.90. But as of 1st resistance point, this stock is sitting at 69.35 and at 69.44 for 2nd resistance point.

Acacia Communications Inc. [ACIA] reported its earnings at $0.78 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.58/share signifying the difference of 0.2 and 34.50% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.65 calling estimates for $0.5/share with the difference of 0.15 depicting the surprise of 30.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Acacia Communications Inc. [NASDAQ:ACIA] is 4.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 2.98. Now if looking for a valuation of this stock’s amount to sales ratio it’s 6.21, it’s amount to book ratio is 4.86 and showing 43.42 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Murphy Francis J, VP, Finance and PAO, and it was the sale of 2804.0 shares on Oct 05. Murphy Francis J, the VP, Finance and PAO, completed a sale of 2223.0 shares on Oct 02. On Sep 21, Murphy Francis J, VP, Finance and PAO, completed a sale of 145.0 shares.