Needham analyst Alex Henderson maintained a Hold rating on Acacia Communications (ACIA) yesterday. The company’s shares opened today at $55.
According to TipRanks.com, Henderson is a 5-star analyst with an average return of 16.6% and a 55.9% success rate. Henderson covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Lumentum Holdings, and Arista Networks.
Acacia Communications has an analyst consensus of Moderate Buy, with a price target consensus of $63.13, representing a 14.8% upside. In a report released yesterday, Merrill Lynch also upgraded the stock to Hold with a $64 price target.
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The company has a one-year high of $62.18 and a one-year low of $30.07. Currently, Acacia Communications has an average volume of 894.5K.
Based on the recent corporate insider activity of 112 insiders, corporate insider sentiment is negative on the stock.
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Acacia Communications, Inc. is engaged 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.
