|Bid||48.16 x 800|
|Ask||48.21 x 800|
|Day's Range||47.56 - 48.37|
|52 Week Range||31.42 - 62.18|
|Beta (3Y Monthly)||1.67|
|PE Ratio (TTM)||95.86|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
said Friday that the U.S. government's blacklisting of China-based telecom Huawei Technologies will have little impact on the company's bottom line. The U.S. Commerce Department added Huawei and dozens of its affiliates to an "Entity List" that would greatly restrict its ability to buy components from U.S. companies. Shares of the Maynard, Massachusetts-based company tumbled 5.8% Thursday and were off slightly to $49.83.
Optical equipment maker Acacia Communications Inc. said Friday that it was "taking steps" to suspend transactions with Huawei Technologies Co. Ltd., following U.S. export control regulations to the China-based company. Acacia said sales to Huawei represented less than 1.5% of total revenue for 2018, and was less than 1% of total first-quarter revenue. The stock fell 5.8% on Thursday after President Trump issued an executive order which banned technology and services from foreign adversaries. "Acacia anticipates that the loss of Huawei sales in the second quarter of 2019 will have a de minimis impact on Acacia's total revenue for the quarter," Acacia said in a statement. The company acknowledged, however, that regulatory actions against Huawei "may have a broader impact on overall conditions in the markets in which Acacia operates." Acacia's stock has rallied 31% year to date, while the Nasdaq Composite has climbed 19% and the S&P 500 has gained 15%.
Bank of America's bearish stance on Acacia Communications, Inc. (NASDAQ: ACIA ) can no longer be justified as the company faces multiple positive catalysts ahead. The Analyst Bank of America's Tal Liani ...
Improvement in broadband customer growth and increase in demand for higher speeds and data usage aids Altice's (ATUS) first-quarter results.
Acacia Communications, Inc. (ACIA) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Dow Jones futures: The current stock market rally awaits the April jobs report. Acacia, Arista Networks, Shake Shack, Planet Fitness, MercadoLibre and Fortinet were earnings movers overnight.
Arista Networks (ANET) beats first-quarter 2019 earnings estimates on higher revenues driven by healthy overall demand with strength across the business.
Acacia Communications, Inc. (ACIA) delivered earnings and revenue surprises of 32.14% and 3.78%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
Acacia Communications Inc. shares fell 3% in the extended session Thursday after the network technology company swung to a quarterly profit and reported adjusted earnings and sales that topped views. Acacia said it earned $7 million, or 17 cents a share, in the first quarter, versus a loss of 23 cents a share in the year-ago period. Adjusted for one-time items, Acacia earned $15.4 million, or 37 cents a share, in the quarter, compared with 10 cents a share a year ago. Revenue rose 44% to $105.2 million. Analysts polled by FactSet had expected Acacia to report adjusted earnings of 28 cents a share on sales of $101 million. The company guided for revenue between $104 million and $112 million in the second quarter, and adjusted EPS between 28 cents and 42 cents for the quarter. The analysts surveyed by FactSet expect adjusted EPS of 36 cents on sales of $108 million for the quarter.
Acacia Communications first-quarter earnings and revenue beat analyst estimates, while company guidance only met Wall Street targets. Acacia stock fell on the news in late Thursday trades.
The Dow Jones industrials led the declines in today's stock market. Three top growth stocks tumbled after their earnings results, including Square.
Ongoing technology and manufacturing investments, leading to sales and profit growth across markets, drives Corning's (GLW) first-quarter results.
Lattice Semiconductor's (LSCC) first-quarter 2019 results are likely to benefit from end-market momentum. However, macroeconomic headwinds remain concerns.
Shopify (SHOP) first-quarter results are likely to benefit from increasing merchant-friendly initiatives aimed at expanding merchant base globally.
Seagate's (STX) third-quarter results are likely to benefit from incremental adoption of latest storage solutions. However, perpetual decline in NAND flash pricing is an overhang.
Acacia Communications, Inc. (ACIA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Twilio's (TWLO) first-quarter results are likely to benefit from the recent acquisition of SendGrid and sustained growth in its core products.
ON Semiconductor (ON) first-quarter results are expected to benefit from strength in Industrial and Automotive end-markets.