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