Acacia Communications, Inc. (Nasdaq:ACIA) Sets 52 Week High Record


Acacia Communications, Inc. (Nasdaq:ACIA)

April 15th, 2019

Amidst falling markets Acacia Communications, Inc. closed the day up $0.16 Monday, a 0.26% jump, closing at $61.04. Furthermore it hit a new 52 week high of $62.00. The stock continues to trade well at 146.93% of its 52 week low of $24.72. The next earnings report is expected in approximately 17 days.

ACIA outperformed the rest of the Information Technology sector which went down -0.02% today.

Expectations from 13 analysts points to the possibility that Acacia Communications, Inc. might go down somewhat (-8.46%), while Finbox has calculated (with medium uncertainty) a fair value price of $48.42.

Market Sectors

The market sectors were mixed Monday with a majority of the sectors trending down. Consumer Staples saw the biggest increase of the day (0.74%), while Real Estate saw the biggest drop (-0.72%). Information Technology has seen the biggest year-to-date gain at 23.83%.

Healthcare saw the biggest turnaround from its 5-day performance of -2.44%, as it went up 0.31%. Real Estate and Financials both saw turn arounds from their five day positive performance, Real Estate with a drop of -0.72%.

Sector Breakdown

  • Consumer Staples went up with a 0.74% change.
  • Healthcare went up with a 0.31% change.
  • Consumer Discretionary went up with a 0.21% change.
  • Communication Services went up with a 0.21% change.
  • Information Technology went down with a -0.02% change.
  • Utilities went down with a -0.06% change.
  • Materials went down with a -0.51% change.
  • Industrials went down with a -0.51% change.
  • Energy went down with a -0.53% change.
  • Financials went down with a -0.69% change.
  • Real Estate went down with a -0.72% change.

Acacia Communications, Inc. Info

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. It also provides semiconductor products, such as low-power coherent digital signal processor application-specific integrated circuits and silicon photonic integrated circuits that are integrated into embedded and pluggable modules. The company sells its products through a direct sales force to network equipment manufacturers, network operators, and cloud service providers. Acacia Communications, Inc. was founded in 2009 and is headquartered in Maynard, Massachusetts.

All amounts in USD unless otherwise indicated

ACIA daily update
ACIA daily update

Media Gazelle Inc (MG), a Nevada Corporation, owns and operates the online brand US Tribune News. MG does not offer financial advise, and is not a registered broker/dealer/analyst/adviser, holds no investment licenses, and may not sell, offer to sell or offer to buy any security. MG’s market updates, news are not a solicitation or recommendation to buy, sell or hold securities. MG shall not be held liable for any investment losses you may incur by using the information provided, this includes you trading the stocks mentioned on our sites. We recommend you talk to a financial adviser before trading any securities or taking any action based upon information on this site. MG does not guarantee the accuracy of the article.

This site uses Akismet to reduce spam. Learn how your comment data is processed.