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Acacia (ACIA) Catches Eye: Stock Jumps 7%

Zacks Equity Research

Acacia Communications, Inc. ACIA was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $44.79 to $47.99 in the past one-month time frame.

The move came after the company's ratings received an analyst upgrade.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Acacia currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Acacia Communications, Inc. Price

Acacia Communications, Inc. Price

Acacia Communications, Inc. price | Acacia Communications, Inc. Quote

Investors interested in the Communication - Components industry may consider Harmonic Inc. HLIT, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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