BUYERS WAIT ON THE SIDELINES FOR CLARITY ON TRADE
MIXED REACTION TO ACACIA TODAY, DESPITE THE UPGRADE AND CHINA TRADE TRUCE, THE STOCK SOLD OFF FROM THE INITIAL POP AT THE OPEN AS EUPHORIA DIED AND SKEPTICISM ARRIVED ON THE SCENE.
INDICATORS ARE BULLISH BUT THE STOCK HAS SOLD OFF AFTER EVERY GAP OPEN IN THE PAST, SO EXPECT A RETURN TO $47 IN THE DAYS TO COME.
INVESTORS WILL WAIT UNTIL MORE CLARITY BEFORE PRICE CAN CONTINUE HIGHER.
SUPPORT AT $44 & $47
AVERAGE ANALYSTS PRICE TARGET $61
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 101
COMPANY PROFILE
Acacia Communications, Inc. is engaged in the development, manufacture, and sale of high-speed coherent optical interconnect products that are designed to transform communications networks through improvements in performance, capacity, and cost. The company was founded by Mehrdad Givehchi, Benny P. Mikkelsen, and Christian J. Rasmussen in June 2009 and is headquartered in Maynard, MA.
INDICATORS ARE BULLISH BUT THE STOCK HAS SOLD OFF AFTER EVERY GAP OPEN IN THE PAST, SO EXPECT A RETURN TO $47 IN THE DAYS TO COME.
INVESTORS WILL WAIT UNTIL MORE CLARITY BEFORE PRICE CAN CONTINUE HIGHER.
SUPPORT AT $44 & $47
AVERAGE ANALYSTS PRICE TARGET $61
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 101
COMPANY PROFILE
Acacia Communications, Inc. is engaged in the development, manufacture, and sale of high-speed coherent optical interconnect products that are designed to transform communications networks through improvements in performance, capacity, and cost. The company was founded by Mehrdad Givehchi, Benny P. Mikkelsen, and Christian J. Rasmussen in June 2009 and is headquartered in Maynard, MA.
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Disclaimer
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