Rosenblatt Securities analyst Ryan Koontz maintained a Buy rating on Acacia Communications (NASDAQ: ACIA) today and set a price target of $49. The company’s shares opened today at $40.42.
According to TipRanks.com, Koontz is a 1-star analyst with an average return of -6.6% and a 25.0% success rate. Koontz covers the Consumer Goods sector, focusing on stocks such as CommScope Holding, Juniper Networks, and Ciena Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Acacia Communications with a $43.61 average price target.
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The company has a one-year high of $48.90 and a one-year low of $24.72. Currently, Acacia Communications has an average volume of 583.6K.
Based on the recent corporate insider activity of 92 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.
