|Bid||67.00 x 800|
|Ask||68.00 x 1400|
|Day's Range||66.96 - 67.25|
|52 Week Range||36.00 - 67.99|
|Beta (3Y Monthly)||1.73|
|PE Ratio (TTM)||101.08|
|Earnings Date||Feb. 19, 2020 - Feb. 24, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||68.78|
Acacia Communications, Inc. (ACIA) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Acacia Communications, Inc. (ACIA), a leading provider of high-speed coherent optical interconnect products, today announced that it has received regulatory clearance from the German Federal Cartel Office with respect to with the proposed acquisition of Acacia Communications by Cisco Systems, Inc. (CSCO). This clearance satisfies one of the conditions to the closing of the acquisition, which remains subject to customary closing conditions, including antitrust approval in China. Acacia previously announced that the acquisition had also received regulatory clearance in the United States and Austria.
Qorvo (QRVO) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Acacia Communications, Inc. (ACIA) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 1 (Strong Buy).
Acacia Communications, Inc. (ACIA) delivered earnings and revenue surprises of 42.86% and 2.97%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
MAYNARD, Mass., Oct. 30, 2019 -- Acacia Communications, Inc. (NASDAQ: ACIA), a leading provider of high-speed coherent optical interconnect products, today reported financial.
MAYNARD, Mass., Sept. 27, 2019 -- Acacia Communications, Inc. (NASDAQ: ACIA), a leading provider of high-speed coherent optical interconnect products, today announced that the.
The OpenZR+ mode leverages elements from both 400ZR and OpenROADM industry standardization efforts, both of which appear to be gaining industry momentum. The OpenZR+ implementation was designed to enable enhanced functionality and improved performance in pluggable form factors, such as QSFP-DD and OSFP, in order to support multi-vendor interoperability. The 400ZR effort driven by the Optical Internetworking Forum (OIF), is focused on data center interconnects (DCIs), while the OpenROADM effort is focused on carrier applications. Acacia and NEL will be sharing interoperability results between their OpenZR+ enabled DSPs at the 45th European Conference on Optical Communication (ECOC) on September 22-26 in Dublin, Ireland.
“We believe that Acacia’s industry-first innovation of a 1.2T single-channel transmission via a single-chip coherent module will help our customers address the needs of network operators,” said Benny Mikkelsen, Chief Technology Officer of Acacia Communications.
NEW YORK, NY / ACCESSWIRE / August 16, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New ...
(Bloomberg) -- Cisco Systems Inc. plummeted the most in almost six years after the company gave a lackluster sales forecast, indicating the U.S.-China trade dispute and a slowing global economy are leading customers to delay updates of their computer networks.Chief Executive Officer Chuck Robbins is trying to turn Cisco into more of a software and services company, but the transformation is being stymied by the trade war and its impact on corporate spending. The company still gets the majority of sales from machines that are the backbone of the internet, making it an economic bellwether. The CEO said some customers are showing more caution because of escalating trade tensions.“They’re just hedging their bets relative to some resolution on this stuff,” Robbins said. “We did see in July some slight early indications of some macro shifts that we didn’t see in the prior quarter.” Robbins said Wednesday.Cisco shares declined 8.6% to $46.25 at the close in New York, the biggest single-day fall since November 2013. It was the worst performer Thursday on the Dow Jones Industrial Average. Even with Thursday’s drop, the stock has gained 6.7% this year.Cisco said sales in the fiscal first quarter will be flat to an increase of as much as 2% from the period a year earlier. That implies revenue of as little as $12.9 billion, compared with analysts’ average estimate of $13.4 billion. Adjusted profit will be 80 cents to 82 cents a share, the San Jose, California-based company said Wednesday in a statement.In the fourth quarter, which ended July 27, total orders were unchanged. Emerging markets bookings were down and the Asia Pacific region saw a decline of 8%, Chief Financial Officer Kelly Kramer said on a conference call with analysts.While Cisco gets less than 3% of revenue from China, business there has dropped “dramatically,” Robbins said. State-owned enterprises and some Chinese telecom providers that had used small amounts of Cisco machinery are not interested in bids from the company amid the current trade tension, he explained.Fiscal fourth-quarter net income fell to $2.2 billion, or 51 cents a share, from $3.8 billion, or 81 cents, a year earlier. Revenue was $13.4 billion, a seventh quarterly expansion. Excluding certain items, Cisco posted profit of 83 cents a share, compared with the average analyst estimate of 82 cents, according to data compiled by Bloomberg.Orders in the Americas and Europe increased, albeit slowly. Bookings from service providers, such as telecom and cable-TV operators, slumped 21%, while government and commercial customers sought more gear than they had a year earlier, Cisco said.Cable companies aren’t buying new equipment -- instead, they’re trying to wring as much life as they can out of their existing gear, Robbins said in an interview. The phone-service providers are spending on consumer 5G, or fifth generation, networks. These customers will shift investment to Cisco’s gear, which lives in their data centers, when they’re deploying business services on those new networks that require greater traffic management, he said.Robbins said he sees little need for concern that the overall economy is about to drop.“There’s a lot of geopolitical dynamics, and I’ve said multiple times that I’ve been shocked how well the macro has held up,” he said. “In most of the world it wasn’t terrible at all. I would not make it a broad-based assertion yet.”In the recent period, Cisco’s hardware business generated sales of $7.88 billion, a gain of 6%. Applications, its software unit, was up 11% at $1.49 billion and security revenue jumped 14% to $714 million.Cisco is the biggest maker of routers, switches and other gear used to connect computers. The company gets a tiny percentage of sales from China, where it’s been largely locked out of the market. Almost 60% of revenue comes from the Americas region.Under Robbins, Cisco has made a string of acquisitions to build a software and services business. Earlier this month, it announced plans to buy closely held Voicea, a maker of software that provides real-time transcription and voice search capabilities.Cisco is still buying hardware companies, too. In July, it agreed to acquire Acacia Communications Inc. for about $2.6 billion, gaining chips and machines that help translate optical signals into electronic data.(Updates with share price in the fourth paragraph.)To contact the reporter on this story: Ian King in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Alistair Barr, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Cisco (CSCO) is benefiting from its expanding footprint in the rapidly growing security market. Further, partnerships and accretive acquisitions will boost its revenue base.
NEW YORK, Aug. 14, 2019 -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Cambrex Corporation (NYSE: CBM)The.
NEW YORK, Aug. 13, 2019 -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or.
WILMINGTON, Del., Aug. 07, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Navigant Consulting, Inc. (NYSE: NCI) regarding possible breaches of.
Acacia Communications, Inc. (ACIA) delivered earnings and revenue surprises of 16.67% and 2.30%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
MAYNARD, Mass., Aug. 06, 2019 -- Acacia Communications, Inc. (NASDAQ: ACIA), a leading provider of high-speed coherent optical interconnect products, today reported financial.
NEW YORK, July 31, 2019 -- Halper Sadeh LLP, a global investor rights law firm, reminds investors that it is investigating the following companies: United Financial Bancorp,.