Acacia Communications (ACIA) Tops Q4 EPS by 2c; Guides Well Below the Street

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Needham & Company Downgrades Acacia Communications (ACIA) to Hold; 'Too Many Concerns'

February 23, 2018 7:30 AM EST

Needham & Company downgraded Acacia Communications (NASDAQ: ACIA) from Buy to Hold.

Analyst Alex Henderson commented, "We should have acted more aggressively on our concerns, as Acacia's 4Q'17 results came in well below our low-on-the-Street forecast. We have three primary concerns: 1) Acacia's... More