Acacia Communications (ACIA) is Reiterated by Deutsche Bank to Buy, Raises Price Target to $ 125

Acacia Communications (ACIA) was Reiterated by Deutsche Bank to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 125 from a previous price target of $90 . Deutsche Bank advised their investors in a research report released on Sep 9, 2016.

Many Wall Street Analysts have commented on Acacia Communications. Company shares were Reiterated by BofA/Merrill on Sep 1, 2016 to “Buy”, Firm has raised the Price Target to $ 130 from a previous price target of $88 .Company shares were Reiterated by Needham on Aug 12, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $65 .Company shares were Reiterated by Needham on Jul 25, 2016 to “Buy”, Firm has raised the Price Target to $ 65 from a previous price target of $48 .

On the company’s financial health, Acacia Communications reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.47 according to the earnings call on Aug 11, 2016. Analyst had a consensus of $0.30. The company had revenue of $116.20 million for the quarter, compared to analysts expectations of $85.78 million. The company’s revenue was up 101.0% compared to the same quarter last year.

In a different news, on May 20, 2016, Murugesan Shanmugaraj (President & CEO) sold 50,000 shares at $21.39 per share price. According to the SEC, on May 20, 2016, Eric A Swanson (director) sold 65,000 shares at $21.39 per share price. On May 20, 2016, Christian J. Rasmussen (VP Digital Signal Proc&Optics) sold 103,772 shares at $21.39 per share price, according to the Form-4 filing with the securities and exchange commission.

Acacia Communications

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