Acacia Communications (ACIA) Tops Q4 EPS by 6c; Issues Solid Outlook

Acacia Communications (NASDAQ: ACIA) reported Q4 EPS of $0.41, $0.06 better than the analyst estimate of $0.35. Revenue for the quarter came in at $107.1 million versus the consensus estimate of $102.87 million.

“I am pleased with our strong fourth quarter results, which exceeded the high end of our guidance on revenue, non-GAAP net income and non-GAAP diluted earnings per share,” said Raj Shanmugaraj, President and Chief Executive Officer of Acacia Communications. “In the fourth quarter, we made significant progress in our efforts to diversify our revenue base and expand our product portfolio. We believe our customers are well positioned with our products to meet the needs of compact DCI systems that are replacing traditional telecom DWDM systems in the edge DCI market, and believe that our roadmap is well aligned with network operator architectures for their next-generation deployments.”

“Looking back at 2018, it was a challenging year for both Acacia and our industry, with difficult market conditions and a ban on our largest customer,” said John Gavin, Chief Financial Officer of Acacia Communications. “Even so, because of our execution against our operational efficiency initiatives throughout 2018 and increased demand for our products in the second half of 2018, we were able to close the year with a stronger balance sheet than we had at the end of 2017.”

GUIDANCE:

Acacia Communications sees Q1 2019 EPS of $0.18-$0.34, versus the consensus of $0.24. Acacia Communications sees Q1 2019 revenue of $96-104 million, versus the consensus of $92.6 million.

For earnings history and earnings-related data on Acacia Communications (ACIA) click here.

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