Acacia Communications (ACIA) Tops Q3 EPS by 20c; Guides Q4 EPS Above the Street

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Acacia Communications Reports Third Quarter 2016 Results

November 10, 2016 4:05 PM EST

MAYNARD, Mass., Nov. 10, 2016 (GLOBE NEWSWIRE) -- Acacia Communications, Inc. (NASDAQ: ACIA), a leading provider of high-speed coherent optical interconnect products, today reported financial results for its third quarter ended September 30, 2016.

Our third quarter results exceeded our expectations driven by strong global demand for our products across metro and inter-data center networks, said Raj Shanmugaraj, President and CEO of Acacia Communications. To satisfy this continued demand, we further scaled our manufacturing capacity during the quarter. As was the case in the second quarter, we continued to diversify our revenue base, with two of our... More