Shorts Action: What’s Ahead for Acacia Communications Incorporated (NASDAQ:ACIA) After More Shorted Shares?

November 23, 2016 - By Pete Kolinski   ·   0 Comments

Shorts Action: What’s Ahead for Acacia Communications Incorporated (NASDAQ:ACIA) After More Shorted Shares?

The stock of Acacia Communications Incorporated (NASDAQ:ACIA) registered an increase of 2.97% in short interest. ACIA’s total short interest was 3.00M shares in November as published by FINRA. Its up 2.97% from 2.91 million shares, reported previously. With 2.45M shares average volume, it will take short sellers 1 days to cover their ACIA’s short positions. The short interest to Acacia Communications Incorporated’s float is 24.01%. About 612 shares traded hands. Acacia Communications, Inc. (NASDAQ:ACIA) has risen 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% the S&P500.

Acacia Communications, Inc. is engaged in delivering coherent optical interconnect products. The company has a market cap of $3.06 billion. The Firm offers its products for communications networks, relied upon by cloud infrastructure operators, and content and communication service providers. It has a 65.47 P/E ratio. The Company’s products include a series of low-power coherent digital signal processor application-specific integrated circuits and silicon photonic integrated circuits (silicon PICs), which it has integrated into families of optical interconnect modules with transmission speeds ranging from 40 to 400 gigabits per second (Gbps) for use in metro and inter-data center markets.

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

Out of 4 analysts covering Acacia Communications (NASDAQ:ACIA), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Acacia Communications has been the topic of 8 analyst reports since June 7, 2016 according to StockzIntelligence Inc. The firm has “Buy” rating by Deutsche Bank given on Tuesday, June 7. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, June 7. On Tuesday, October 11 the stock rating was maintained by Needham with “Buy”. The rating was initiated by Cowen & Co on Tuesday, June 7 with “Outperform”. The firm has “Buy” rating by Needham given on Friday, August 12. The stock has “Buy” rating given by Deutsche Bank on Friday, September 9. The firm has “Buy” rating by Deutsche Bank given on Thursday, July 14. Needham initiated the stock with “Buy” rating in Tuesday, June 7 report.

ACIA Company Profile

Acacia Communications, Inc. is engaged in delivering coherent optical interconnect products. The Firm offers its products for communications networks, relied upon by cloud infrastructure operators, and content and communication service providers. The Firm offers siliconization of optical interconnect process. 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 40 to 400 gigabits per second (Gbps) for use in metro and inter-data center markets. The Company’s modules perform a range of DSP and optical functions in optical interconnects. With standard interfaces, the Company’s modules are integrated with customer’s network equipment. The software in its modules enables configurability and automation; provides insight into network and connection point characteristics, and helps identify network performance problems. The Company’s modules are rooted in its coherent DSP ASICs and silicon PICs. The Company’s coherent DSP ASICs are manufactured using complementary metal oxide semiconductor (CMOS) and its silicon PICs are manufactured using a CMOS-compatible process.

Another recent and important Acacia Communications, Inc. (NASDAQ:ACIA) news was published by Investorplace.com which published an article titled: “Buy Acacia Communications, Inc. (ACIA) for 185% Upside” on November 16, 2016.

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By Pete Kolinski


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