News coverage about Acacia Communications (NASDAQ:ACIA) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Acacia Communications earned a news impact score of 0.11 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 43.4720440059335 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
Acacia Communications (NASDAQ ACIA) opened at $38.21 on Wednesday. Acacia Communications has a 1-year low of $34.20 and a 1-year high of $69.57. The firm has a market capitalization of $1,500.00 and a PE ratio of 12.91.
A number of brokerages have recently issued reports on ACIA. Piper Jaffray Companies began coverage on Acacia Communications in a report on Tuesday. They set an “overweight” rating on the stock. Northland Securities set a $42.00 price target on Acacia Communications and gave the company a “buy” rating in a report on Monday, January 29th. Loop Capital began coverage on Acacia Communications in a report on Monday, January 29th. They set a “buy” rating and a $50.00 price target on the stock. Cowen raised Acacia Communications to an “outperform” rating and lowered their price target for the company from $55.00 to $41.00 in a report on Friday, November 3rd. Finally, UBS Group began coverage on Acacia Communications in a report on Wednesday, January 31st. They set a “buy” rating and a $50.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $49.60.
In other Acacia Communications news, VP Bhupendra C. Shah sold 8,277 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $38.32, for a total value of $317,174.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Mehrdad Givehchi sold 48,722 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $36.80, for a total value of $1,792,969.60. The disclosure for this sale can be found here. In the last three months, insiders sold 96,758 shares of company stock worth $3,527,259. 37.10% of the stock is owned by corporate insiders.
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About Acacia Communications
Acacia Communications, Inc provides high-speed coherent interconnect products. The Company’s products include a series of low-power coherent digital signal processor application-specific integrated circuits (DSP ASICs), and silicon photonic integrated circuits (silicon PICs), which it has integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second (Gbps) for use in long-haul, metro and inter-data center markets.
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