Acacia Communications, Inc. (NASDAQ:ACIA) Given Outperform Rating at Cowen and Company

Finally, ValuEngine cut shares of Acacia Communications from a "buy" rating to a "hold" rating in a research note on Tuesday, July 11th.

Needham & Co.'s Alex Henderson, reiterating a Buy rating on the shares, this morning cuts his price target to $50 from $65, writing that the outlook this quarter is a little better than he'd feared, but "the damage to investor perceptions of reducing estimates three quarters in a row can't be ignored". William Blair reaffirmed an "outperform" rating on shares of Acacia Communications in a report on Monday, May 8th. (NASDAQ:ACIA) on Tuesday, May 30 with "Buy" rating. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Acacia Communications presently has an average rating of "Buy" and an average price target of $62.17. (ACIA) now has a value of $39 while the company's 52 week low is at $39.51, the shares dropped to the 52 week low on 07/14/17.

Police searching for missing endangered teen
The teen, who doesn't have a driver's license or formal driving training, took the family SUV, the sheriff's office said. Deputies with the Douglas County Sheriff's Office says Devan functions at the level of an 8 or 9-year-old.

Trading was heavy with 3,573K shares changing hands by the end of trading on Friday. Acacia Communi... has $125.0 highest and $39 lowest target. The firm's 50-day moving average price is $45.72 and its 200-day moving average price is $54.39. Market Cap is also the figure use to determine company's size, as opposed to using sales or total asset figures. Acacia Communications, Inc. (NDAQ:ACIA) has risen 55.67% since July 17, 2016 and is uptrending. The company provided earnings per share guidance of $0.25-0.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.47. The firm had revenue of $114.67 million for the quarter, compared to analysts' expectations of $112.46 million. The business's revenue for the quarter was up 35.7% compared to the same quarter a year ago. During the same quarter in the prior year, the firm earned $0.44 earnings per share. An archived version of the company's webcast will also be available on Acacia Communications' website for 90 days after the event.

ILLEGAL ACTIVITY WARNING: This piece of content was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and worldwide trademark and copyright law. Needham maintained Acacia Communications, Inc.

South asks North to hold military talks this week
It was unclear how North Korea will react since it remains suspicious of new South Korean President Moon Jae-in's outreach to it. The vice defense minister did not elaborate on the meaning of hostile military activities, which varies between the two Koreas.

TRADEMARK VIOLATION NOTICE: "SG Americas Securities LLC Buys New Position in Acacia Communications, Inc".

On 5/15/2017 John F. Gavin, CFO, sold 4,634 with an average share price of $48.54 per share and the total transaction amounting to $224,934.36. The stock was sold at an average price of $46.54, for a total transaction of $1,202,686.68. The disclosure for this sale can be found here. (NYSE:OI) stock price started the day at $24.65 and moved between $24.61 - 25.00 to finally close at $24.78. Boothbay Fund Management LLC bought a new stake in Acacia Communications during the fourth quarter valued at approximately $203,000. As of the latest earnings report the EPS was $3.40 and is projected to be $1.97 for the current year with 38,641,000 shares now outstanding. On average, equities analysts forecast that Acacia Communications, Inc. will post $1.97 earnings per share for the current year. During the conference call, Acacia Communications' management will discuss the company's second quarter 2017 results, recent developments and the company's business outlook and strategy. FMR LLC now owns 826,754 shares of the technology company's stock worth $51,052,000 after buying an additional 489,703 shares during the last quarter. Gilder Gagnon Howe & Co. KAMES CAPITAL plc purchased a new position in Acacia Communications during the first quarter worth $39,317,000.

Hartford Financial Services Group Inc
The firm has "Buy" rating given on Monday, June 26 by Keefe Bruyette & Woods. (The) in a research report on Tuesday, July 4th. The stock of Hartford Financial Services Group Inc (NYSE:HIG) earned "Outperform" rating by Wood on Friday, April 7.

Key Group Holdings Cayman Ltd decreased Hollyfrontier Corp (HFC) stake by 16.88% reported in 2016Q4 SEC filing. The stock has "Equal-Weight" rating by Morgan Stanley on Thursday, May 11. Bank of New York Mellon Corp now owns 37,528 shares of the technology company's stock valued at $2,200,000 after buying an additional 2,340 shares in the last quarter.

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