Acacia Communications Reports Fourth Quarter and Full Year 2016 Results

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Acacia Communications (ACIA) PT Lowered to $100 at Needham & Company on Large DCI Customer Weakness, Soft Guidance

February 24, 2017 9:09 AM EST

Needham & Company analyst Alex Henderson maintains Buy rating and lowers price target on Acacia Communications Inc. (NASDAQ: ACIA) to $100 (from $125), noting weaker orders from a larger customer in the DCI market, despite fourth quarter results beating estimates, while offering soft... More

William Blair Maintains Outperform Rating on Acacia Comm (ACIA) Following 4Q; Large DCI Customer Impacts Negatively, Buyers on Pullback

February 24, 2017 8:59 AM EST

William Blair Equity Research analyst Dmitry Netis reiterates Outperform rating on Acacia Communications (NASDAQ: ACIA), noting weakness in a large DCI customer negatively impacted the company, despite manage delivering solid fourth quarter results, coupled with first quarter outlook surprises.

Netis comments, "Solid results in fourth quarter; first-quarter outlook surprises. Acacia delivered solid results in the fourth quarter, beating consensus on revenue and EPS by $3 million and $0.14, respectively, driven by strength in China, DCI/metro, and new customers. Guidance for first quarter 2017 surprised, coming in... More

Acacia Communications (ACIA) Tops Q4 EPS by 4c; Guides Below the Street

February 23, 2017 4:08 PM EST

Acacia Communications (NASDAQ: ACIA) reported Q4 EPS of $0.94, $0.04 better than the analyst estimate of $0.90. Revenue for the quarter came in at $142.4 million versus the consensus estimate of $139.72 million.

GUIDANCE:

Acacia Communications sees Q1 2017 EPS of $0.63-$0.70, versus the consensus of $0.78.... More