Acacia Communications (ACIA) Announces Update on U.S. Department of Commerce ZTE Statement

UPDATE: ZTE News Is Negative for ACIA But Neutral to Positive for Other Opticals - MKM

April 16, 2018 11:19 AM EDT

(Updated - April 16, 2018 11:23 AM EDT)

(updated to expand analyst comments)

MKM analyst Michael Genovese said news U.S. Commerce Dept has banned U.S. companies from selling components to ZTE for 7 years is negative for Acacia (NASDAQ: ACIA) but neutral to... More

ZTE (ZTCOY) Ban is Bad News for Acacia Communications (ACIA) - Loop Capital

April 16, 2018 10:55 AM EDT

Loop Capital maintains Buy on Acacia Communications (NASDAQ: ACIA) price target of $50.00.

Analyst James Kisner says the news that the US will ban on sales to ZTE in China is bad for ACIA. The analyst sees a degree of uncertainty for Lumentum... More

Acacia (ACIA), Finisar (FNSR), Lumentum (LITE), Oclaro (OCLR) Have Most Exposure to ZTE - William Blair

April 16, 2018 10:23 AM EDT

William Blair analyst Dmitry Netis weighed in on a report that alludes to the U.S. Commerce Department issuing new sanctions to ZTE Corp., banning U.S. companies from selling components to ZTE for a period of seven years after it was determined that ZTE violated terms of its 2017... More

Acacia Communications (ACIA), Peers on Watch After U.S. Announces Denial of Export Privileges to ZTE

April 16, 2018 8:52 AM EDT

(Updated - April 16, 2018 8:55, 9:14 AM EDT)

Acacia Communications (NASDAQ: ACIA) and peers including Lumentum Holdings (NASDAQ: LITE), Oclaro (NASDAQ: OCLR), and Finisar (NASDAQ:... More

Wall Street rises, focus turns to earnings from geopolitics

April 16, 2018 7:54 AM EDT

By Sinéad Carew

NEW YORK (Reuters) - U.S. stocks closed higher on Monday, with the biggest boosts from technology and healthcare sectors as investors were optimistic about earnings season and appeared less worried about U.S.-led missile attacks in Syria.

The weekend's air strikes marked the biggest intervention yet by Western countries against Syrian President Bashar al-Assad and his ally Russia, which is facing further economic sanctions over its role in the conflict.

Stocks had ended lower on Friday on worries about Syria. But investors seemed less anxious about he potential for... More