Acacia Communications, Inc. (ACIA) Stock Price Hits 1 Year Low Today

April 16, 2018 - By Hazel Jackson

The stock of Acacia Communications, Inc. (NASDAQ:ACIA) hit a new 52-week low and has $24.56 target or 7.00 % below today’s $26.41 share price. The 7 months bearish chart indicates high risk for the $1.06B company. The 1-year low was reported on Apr, 16 by Barchart.com. If the $24.56 price target is reached, the company will be worth $74.06M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 34.02% or $13.62 during the last trading session, reaching $26.41. About 6.78 million shares traded or 1167.79% up from the average. Acacia Communications, Inc. (NASDAQ:ACIA) has declined 30.95% since April 16, 2017 and is downtrending. It has underperformed by 42.50% the S&P500.

Analysts await Acacia Communications, Inc. (NASDAQ:ACIA) to report earnings on May, 8. They expect $-0.07 earnings per share, down 108.14 % or $0.93 from last year’s $0.86 per share. After $0.12 actual earnings per share reported by Acacia Communications, Inc. for the previous quarter, Wall Street now forecasts -158.33 % negative EPS growth.

Acacia Communications, Inc. develops, makes, and sells high-speed coherent optical interconnect products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. The company has market cap of $1.06 billion. The Company’s products include a series of low-power coherent digital signal processors application-specific integrated circuits and silicon photonic integrated circuits integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second for use in long-haul, metro, and inter-data center markets. It has a 28.71 P/E ratio. The firm sells its products through a direct sales force to network equipment manufacturers.

Acacia Communications, Inc. (NASDAQ:ACIA) Ratings Chart

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