Acacia Communications (ACIA): Raising Estimates Yet Again - Needham

November 11, 2016 6:20 AM EST
Get Alerts ACIA Hot Sheet
Price: $62.46 -1.31%

Rating Summary:
    5 Buy, 2 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade ACIA Now!
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.

Needham & Company analyst, Alex Henderson, reiterated his Buy rating on shares of Acacia Communications (NASDAQ: ACIA) after the company sharply beat estimates and guided substantially above the original 4Q estimates, in place before the positive pre-release.

The actual results and guide were even better than the raised Street estimates after the preannouncement. The analyst stated "Acacia said all the right things on the call and offered guidance with plenty of room for further upside on the CY4Q print in February."

Estimates go up for the second time in a quarter but not enough to raise the $125 price target.

For an analyst ratings summary and ratings history on Acacia Communications click here. For more ratings news on Acacia Communications click here.

Shares of Acacia Communications closed at $71.68 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Earnings

Related Entities

Needham & Company

Add Your Comment