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Acacia Communications, Inc. (ACIA)

Stock Price: $114.48 USD 0.02 (0.02%)
Updated Jan 22, 2021 4:00 PM EST - Market closed
After-hours: $114.34 -0.14 (-0.12%) Jan 22, 5:46 PM
Market Cap 4.85B
Revenue (ttm) 547.97M
Net Income (ttm) 68.80M
Shares Out 42.06M
EPS (ttm) 1.60
PE Ratio 71.59
Forward PE 29.07
Dividend n/a
Dividend Yield n/a
Trading Day January 22
Last Price $114.48
Previous Close $114.46
Change ($) 0.02
Change (%) 0.02%
Day's Open 114.48
Day's Range 114.32 - 114.59
Day's Volume 597,390
52-Week Range 62.38 - 114.71

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Reuters - 4 days ago

China's market regulator said on Tuesday it has approved plans for Cisco Systems Inc's. purchase of Acacia Communications Inc, as long as both comply with a set of conditions.

Other stocks mentioned: CSCO
Zacks Investment Research - 1 week ago

Cisco (CSCO) will now pay $4.5 billion to acquire Acacia Communications, which represents a 73.1% increase over the original purchase price of $2.6 billion.

Other stocks mentioned: CSCO
The Motley Fool - 1 week ago

The price has been sweetened by 64%.

Other stocks mentioned: CSCO
CNBC Television - 1 week ago

Cisco CEO defends revised Acacia deal, calls new valuation 'reasonable'

Cisco Systems CEO Chuck Robbins discussed his company's plan to acquire Acacia Communications for $115 per share, up from $70 per share in an initial agreement that was scrapped.

Other stocks mentioned: CSCO
The Motley Fool - 1 week ago

The game of chess between Acacia and Cisco ended with a more generous merger agreement.

Other stocks mentioned: CSCO
Yahoo Finance - 1 week ago

Cisco CEO Chuck Robbins discusses new deal with Acacia Communications

Cisco CEO Chuck Robbins discusses raising his company's bid for Acacia Communications to $4.5 billion and the need for a peaceful transition of power when President-elect Biden takes office. F...

Other stocks mentioned: CSCO
Benzinga - 1 week ago

Shares of Acacia Communications, Inc. (NASDAQ: ACIA) were rallying Thursday after a brief legal dispute with Cisco Systems, Inc. (NASDAQ: CSCO) was resolved and the two sides struck a merger a...

Other stocks mentioned: CSCO
24/7 Wall Street - 1 week ago

It's back on again. After many thought the deal was sunk, Acacia Communications Inc.

Other stocks mentioned: CSCO
Market Watch - 1 week ago

Shares of Acacia Communications Inc. are surging more than 30% in Thursday morning trading after Cisco Systems Inc. made an upsized offer for the optoelectronics company.

Other stocks mentioned: CSCO
CNBC Television - 1 week ago

Cisco enters new deal to acquire Acacia at $115 per share: Sources

CNBC's David Faber reports that Cisco has entered a new deal to acquire Acacia Communications.

Other stocks mentioned: CSCO
PRNewsWire - 1 week ago

SAN JOSE, Calif., Jan. 14, 2021 /PRNewswire/ -- News Summary: The acquisition of Acacia reinforces Cisco's commitment to optics as a building block that will enhance Cisco's 'Internet for the ...

Other stocks mentioned: CSCO
Seeking Alpha - 1 week ago

Acacia Communications, Inc. (ACIA) to Discuss Termination of Merger Agreement with Cisco Systems, Inc. - (Transcript)

Other stocks mentioned: CSCO
Market Watch - 1 week ago

Acacia Communications Inc. ACIA released preliminary results late Monday prior to a company call expected to address its decision to not go through with a merger with Cisco Systems Inc. CSCO T...

GlobeNewsWire - 1 week ago

MAYNARD, Mass., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Acacia Communications, Inc. (Nasdaq: ACIA) (“Acacia” or “the Company”) today announced that it filed its answer and affirmative defenses in re...

GlobeNewsWire - 1 week ago

MAYNARD, Mass., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Acacia Communications, Inc. (NASDAQ: ACIA) ("Acacia Communications" or "Company"), a leading provider of high-speed coherent optical interconn...

The Motley Fool - 1 week ago

An older-model 737 crashed over the weekend, and Cisco is going to court to close the deal for Acacia.

Other stocks mentioned: BA, CSCO
Invezz - 1 week ago

Acacia Communications Inc. (NASDAQ: ACIA) terminated its merger deal valued at £2.09 billion with Cisco Systems Inc. (NASDAQ: CSCO) on Friday. The optical component maker said it failed to rec...

Other stocks mentioned: CSCO
The Motley Fool - 2 weeks ago

The Chinese company cites the lack of timely approval from a regulator as the key reason for the move.

Other stocks mentioned: CSCO
Market Watch - 2 weeks ago

Cisco Systems Inc.'s proposed $2.6 billion merger with Acacia Communications Inc. could be destined for a day in court after Acacia announced Friday that it was terminating the agreement on gr...

Other stocks mentioned: CSCO
VentureBeat - 2 weeks ago

Cisco has sought a court order to request that Acacia close the $2.84 billion merger deal shortly after terminating the agreement.

Other stocks mentioned: CSCO
Investors Business Daily - 2 weeks ago

Acacia Communications terminated its $2.6 billion acquisition by Cisco Systems after China delayed approval of the deal. Acacia stock jumped on the news while Cisco stock was little changed.

Other stocks mentioned: CSCO
24/7 Wall Street - 2 weeks ago

At about halfway through the trading day on Friday, the broad markets were trading sideways, with the exception of the Nasdaq, which was fairly positive.

Other stocks mentioned: CSIQ, JBLU, LB, PTON, TSLA, BBBY, FSLR, NWL, WBA
The Motley Fool - 2 weeks ago

The company says it's no longer merging with Cisco.

24/7 Wall Street - 2 weeks ago

Acacia Communications Inc. (NASDAQ: ACIA) shares were up handily to close out the week after the announcement that it had ended its $2.6 billion merger agreement with Cisco Systems Inc.

Other stocks mentioned: CSCO
The Motley Fool - 2 weeks ago

Acacia is calling off the $2.6 billion deal, and Boeing will pay an enormous fine.

Other stocks mentioned: BA, CSCO
PRNewsWire - 2 weeks ago

SAN JOSE, Calif., Jan. 8, 2021 /PRNewswire/ -- Cisco (NASDAQ: CSCO) today announced that it is seeking confirmation from the Delaware Court of Chancery that it has met all conditions for closi...

Other stocks mentioned: CSCO
Market Watch - 2 weeks ago

Acacia Communications Inc. said Friday morning that it has opted to terminate its merger agreement with Cisco Systems Inc. . The merger, announced last July, "was conditioned on the satisfacti...

Other stocks mentioned: CSCO
Reuters - 2 weeks ago

Acacia Communications Inc said on Friday it has terminated its nearly $3 billion merger agreement with Cisco Systems Inc, effective immediately.

Other stocks mentioned: CSCO
GlobeNewsWire - 2 weeks ago

MAYNARD, Mass., Jan. 08, 2021 (GLOBE NEWSWIRE) -- Acacia Communications, Inc. (Nasdaq: ACIA) today announced that it has elected to terminate its merger agreement with Cisco Systems, Inc., eff...

Zacks Investment Research - 3 weeks ago

Acacia Communications, Inc. (ACIA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in t...

GlobeNewsWire - 1 month ago

Award Recognizes Acacia's Proven Expertise in High-Performance Silicon PICs and Low Power DSPs Award Recognizes Acacia's Proven Expertise in High-Performance Silicon PICs and Low Power DSPs

Seeking Alpha - 1 month ago

Acacia Communications approaches deal conclusion with Cisco Systems. Stock rises above current all cash offer of $70.

Zacks Investment Research - 2 months ago

Acacia Communications (ACIA) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Insider Monkey - 2 months ago

Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking ...

Zacks Investment Research - 2 months ago

Acacia Communications (ACIA) delivered earnings and revenue surprises of 16.42% and 10.59%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for...

GlobeNewsWire - 2 months ago

MAYNARD, Mass., Nov. 09, 2020 (GLOBE NEWSWIRE) -- Acacia Communications, Inc. (NASDAQ: ACIA), a leading provider of high-speed coherent optical interconnect products, today reported financial ...

Zacks Investment Research - 2 months ago

Acacia Communications (ACIA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

GlobeNewsWire - 2 months ago

Validates the readiness of multi-sourced 400ZR DSPs for DCI applications Validates the readiness of multi-sourced 400ZR DSPs for DCI applications

Insider Monkey - 2 months ago

Michel Massoud's Melqart Asset Management is an event-driven hedge fund that was founded by Massoud in 2015. Melqart employs a fundamental bottom-up approach to portfolio construction and util...

Other stocks mentioned: TTWO, NXPI
GlobeNewsWire - 3 months ago

Enables Network Providers to Easily Meet Rising Bandwidth Demands in Fiber-Limited Networks Enables Network Providers to Easily Meet Rising Bandwidth Demands in Fiber-Limited Networks

Zacks Investment Research - 3 months ago

Acacia Communications, Inc. (ACIA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in t...

Seeking Alpha - 3 months ago

Nearly a year ago, Acacia Research expanded its business strategy to generate absolute return. Starboard Value partnered with it to generate leads and provide financial backing.

Zacks Investment Research - 4 months ago

Acacia Communications, Inc. (ACIA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects.

GlobeNewsWire - 5 months ago

Delivers the Performance, Scalability and Operational Efficiency Needed for Service Provider Networks Offering 5G Wireless and Enterprise Services Delivers the Performance, Scalability and Ope...

Zacks Investment Research - 5 months ago

Acacia Communications, Inc. (ACIA) delivered earnings and revenue surprises of 14.04% and 2.60%, respectively, for the quarter ended June 2020.

GlobeNewsWire - 5 months ago

MAYNARD, Mass., Aug. 10, 2020 (GLOBE NEWSWIRE) -- Acacia Communications, Inc. (NASDAQ: ACIA), a leading provider of high-speed coherent optical interconnect products, today reported financia...

Seeking Alpha - 5 months ago

Acacia Research Corporation (ACTG) CEO Clifford Press on Q2 2020 Results - Earnings Call Transcript

Other stocks mentioned: ACTG
Zacks Investment Research - 5 months ago

Acacia Communications, Inc. (ACIA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.

GlobeNewsWire - 5 months ago

Acacia Pharma Advances Preparations for US Launch of BARHEMSYS®

Zacks Investment Research - 6 months ago

The prospects of communication services have expanded on solid demand due to remote working trends. Here are five stocks that can make the most of the boom.

Other stocks mentioned: ATNI, HEAR, OOMA, USM

About ACIA

Acacia Communications 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. It also provides semiconductor products, such as low-power coherent digital signal processor application-specific integrated circuits and silic... [Read more...]

Industry
Communication Equipment
IPO Date
May 13, 2016
CEO
Murugesan Shanmugaraj
Employees
429
Stock Exchange
NASDAQ
Ticker Symbol
ACIA
Full Company Profile

Financial Performance

In 2019, ACIA's revenue was $464.66 million, an increase of 36.71% compared to the previous year's $339.89 million. Earnings were $32.84 million, an increase of 568.00%.

Financial Statements

Analyst Forecasts

According to 6 analysts, the average rating for ACIA stock is "Buy." The 12-month stock price forecast is 95.83, which is a decrease of -16.29% from the latest price.

Price Target
$95.83
(-16.29% downside)
Analyst Consensus: Buy