Merrill Lynch analyst Tal Liani maintained a Hold rating on Acacia Communications (NASDAQ: ACIA) today and set a price target of $37. The company’s shares opened today at $34.24.
According to TipRanks.com, Liani is a 4-star analyst with an average return of 9.8% and a 55.2% success rate. Liani covers the Consumer Goods sector, focusing on stocks such as Juniper Networks, Qualcomm Inc, and F5 Networks.
Acacia Communications has an analyst consensus of Moderate Buy, with a price target consensus of $32.11.
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Based on Acacia Communications’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $9.08 million. In comparison, last year the company had a net profit of $35.71 million.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock.
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Acacia Communications, Inc. engages in the development, manufacture, and sale of high-speed coherent optical interconnect products that are designed to transform communications networks through improvements in performance, capacity, and cost.
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