whytestocks
5 years ago
News: $ACIA Bragar Eagel & Squire, P.C. is Investigating the Board of Directors of Acacia Communications, Inc. (NASDAQ: ACIA) on Behalf of Acacia Shareholders and Encourages Acacia Investors to Contact the Firm
NEW YORK, July 09, 2019 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Acacia Communications, Inc. (NASDAQ: ACIA) on behalf of Acacia shareholders concerning the proposed merger with Cisco Systems, Inc. Click here ...
Got this from Bragar Eagel & Squire, P.C. is Investigating the Board of Directors of Acacia Communications, Inc. (NASDAQ: ACIA) on Behalf of Acacia Shareholders and Encourages Acacia Investors to Contact the Firm
whytestocks
5 years ago
News: $ACIA ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Acacia Communications, Inc.
NEW YORK , July 9, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Acacia Communications, Inc. (NASDAQ: ACIA) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by Cisco Systems, Inc. (NASDAQ: CSCO...
In case you are interested ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Acacia Communications, Inc.
whytestocks
5 years ago
News: $ACIA Acacia (ACIA) Alert: Johnson Fistel Investigates Proposed Sale of Acacia Communications, Inc.; Is $70 a Fair Price?
SAN DIEGO , July 9, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Acacia Communications, Inc. (NASDAQ: ACIA) ("Acacia") breached their fiduciary duties in connection with the proposed sale of the C...
Read the whole news Acacia (ACIA) Alert: Johnson Fistel Investigates Proposed Sale of Acacia Communications, Inc.; Is $70 a Fair Price?
whytestocks
5 years ago
News: $ACIA Cisco Intends to Acquire Acacia Communications
SAN JOSE, Calif. and MAYNARD, Mass. , July 9, 2019 /PRNewswire/ -- Acacia's coherent optics technology empowers webscale companies, service providers, and data center operators to meet the fast-growing consumer demands for data Acacia is headquartered in Maynard, Massachusetts an...
Find out more Cisco Intends to Acquire Acacia Communications
TFMG
6 years ago
$ACIA - Strong growth and rewards in Acacia. +140% gain in 1 year!
May not be a name that many investors are familiar with but since its IPO , it has suffered the same issues as most, quick spike and very quick drop , losing investor confidence and seen as trading equity only. Investors are starting to take notice due to its outstanding growth and 140% return for investors in 1 year. Although at its current levels, it is at a very high P/E and above its average Analysts rating, we still think potential is enormous. We will be waiting to see how it reacts after earnings for a better entry level.
Captart7
8 years ago
TECHNOLOGY
Acacia Communications Ups Guidance, But Tumbles On Stock Offering
Acacia filed for a secondary offering, sending shares down. (Acacia Communications)
Acacia filed for a secondary offering, sending shares down. (Acacia Communications)
REINHARDT KRAUSE9/26/2016
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Shares of Acacia Communications (ACIA), which has been a hot IPO, suffered their worst one-day loss, after the fiber-optic gear maker filed to offer up to $450 million in stock, with $325 million to be offered from selling shareholders.
Acacia also raised its Q3 guidance, though relatively modestly above Wall Street expectations.
Acacia shares tumbled 10.2% to end at107.12 the stock market today after dropping as low as 106.50 intraday. The maker of high-speed optical devices went public in May, pricing shares at 23 and raising $119 million. Its biggest drop had been a 9.7% decline on Sept. 9. Shares peaked at 128.73 on Sept. 7. Post-IPO, venture capital firms Matrix Partners, Commonwealth Capital and Summit Partners owned nearly 60% of Acacia.
In its 8-K filing with the SEC, Acacia said it expects September quarter non-GAAP EPS of 72 cents to 81 cents and revenue of $129 million at the midpoint of its guidance. Analysts polled by Thomson Reuters had modeled 73 cents and $128.4 million.
IBD'S TAKE: Acacia stock popped after Q2 earnings and revenue beat expectations. The stock has been in a trading range since then. IBD's Telecom-Fiber Optics group is ranked No. 1 out of 197 industry groups. Besides Acacia, the group's leaders include Oclaro, Lumentum Holdings and Finisar. Learn more at IBD Stock Checkup.
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Maynard, Mass.-based Acacia in July had forecast 70 cents non-GAAP profit and $124 million in revenue for the current quarter, at the midpoint of its guidance.
Acacia crushed estimates in its last earnings report.
Acacia's co-founders β CTO Benny Mikkelsen, Christian Rasmussen and Mehrdad Givehchi β are veterans of the fiber optics industry. Mikkelsen worked at Bell Labs before the merger of Alcatel and Lucent Technologies. Mikkelsen co-founded Mintera β which Oclaro acquired in 2010 for $12 million β in 2000, where Rasmussen and Givehchi held engineering positions.
Mikkelsen, Rasmussen, and Givehchi started Acacia in 2009. Shanmugaraj, a former vice president in the optical networking division of Alcatel-Lucent USA, became Acacia's CEO in April 2010.
As for other fiber optics stocks. Oclaro (OCLR) finished 1.9% lower, Lumentum (LITE) ended virtually flat and Finisar (FNSR) dipped 0.2%.
thetechtrader
8 years ago
Harry has posted Charts of the Day video on ACIA at TheTechTrader site noting: Acacia Communications, Inc. (ACIA) is looking well, and Wall Street is liking this one, up 2.47 to 44.32, or 5.9%, on just under a million shares traded. It had a big run-up, consolidated, popped out, and looks like itβs ready to run again. If it does, itβs four waves up and the fifth wave should take it to 50, give or take a point.