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what was acacia communications ipo stock price

by Marina Reichel MD Published 3 years ago Updated 2 years ago
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It closed its first day of trading on the Nasdaq Stock Market at about $31 per share, giving it a market capitalization of more than $1 billion. As of Dec. 28, shares were trading above $64, giving Acacia a $2.4 billion market cap.Dec 29, 2016

Full Answer

How much is a share of Acacia worth?

One share of ACIA stock can currently be purchased for approximately $114.99. How much money does Acacia Communications make? Acacia Communications has a market capitalization of $4.90 billion and generates $464.66 million in revenue each year.

How much of Acacia communications (acac) stock is owned by institutions?

85.55% of the stock of Acacia Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Earnings for Acacia Communications are expected to grow by 19.72% in the coming year, from $2.18 to $2.61 per share.

What are analysts'price targets for Acacia Communications'shares?

15 analysts have issued 12 month price objectives for Acacia Communications' shares. Their forecasts range from $44.00 to $70.00. On average, they anticipate Acacia Communications' share price to reach $58.2864 in the next twelve months. This suggests that the stock has a possible downside of 9.3%.

How much does Acacia communications make a year?

Acacia Communications has a market capitalization of $4.90 billion and generates $464.66 million in revenue each year. The technology company earns $32.84 million in net income (profit) each year or $1.18 on an earnings per share basis. How many employees does Acacia Communications have?

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How were Acacia Communications' earnings last quarter?

Acacia Communications, Inc. (NASDAQ:ACIA) announced its earnings results on Saturday, November, 14th. The technology company reported $0.78 earning...

Who are Acacia Communications' key executives?

Acacia Communications' management team includes the following people: Mr. Murugesan Shanmugaraj , Pres, CEO & Director (Age 63, Pay $782.95k) Dr...

What is Murugesan “Raj” Shanmugaraj's approval rating as Acacia Communications' CEO?

9 employees have rated Acacia Communications CEO Murugesan “Raj” Shanmugaraj on Glassdoor.com . Murugesan “Raj” Shanmugaraj has an approval rating...

Who are some of Acacia Communications' key competitors?

Some companies that are related to Acacia Communications include Skyworks Solutions (SWKS) , Semiconductor Manufacturing International (SMICY) ,...

What other stocks do shareholders of Acacia Communications own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Acacia Communications investors own include NVIDIA (NVDA)...

When did Acacia Communications IPO?

(ACIA) raised $99 million in an initial public offering on Friday, May 13th 2016. The company issued 4,500,000 shares at $21.00-$23.00 per share. G...

What is Acacia Communications' stock symbol?

Acacia Communications trades on the NASDAQ under the ticker symbol "ACIA."

What is Acacia Communications' stock price today?

One share of ACIA stock can currently be purchased for approximately $114.99.

How much money does Acacia Communications make?

Acacia Communications (NASDAQ:ACIA) has a market capitalization of $4.90 billion and generates $464.66 million in revenue each year. The technology...

What is the NASDAQ symbol for Acacia?

Acacia Communications trades on the NASDAQ under the ticker symbol "ACIA."

How much does Acacia Communications make?

Acacia Communications has a market capitalization of $4.90 billion and generates $464.66 million in revenue each year. The technology company earns $32.84 million in net income (profit) each year or $1.18 on an earnings per share basis.

What is Acacia Communications?

Acacia Communications, Inc. develops, manufactures, and sells high-speed coherent optical interconnect products in the United States, China, Germany, Thailand, and internationally. The company offers embedded and pluggable module products consisting of optical interconnect modules with transmission speeds ranging from 100 to 1,200 gigabits per second for use in long-haul, metro, and inter-data center markets. It also provides semiconductor products, such as low-power coherent digital signal processor application-specific integrated circuits and silicon photonic integrated circuits that are integrated into embedded and pluggable modules. The company sells its products through a direct sales force to network equipment manufacturers, network operators, and cloud service providers. Acacia Communications, Inc. was founded in 2009 and is headquartered in Maynard, Massachusetts.

What does "hold" mean in ACIA?

A hold rating indicates that analysts believe investors should maintain any existing positions they have in ACIA, but not buy additional shares or sell existing shares. View analyst ratings for Acacia Communications or view top-rated stocks.

Where is Acacia Communications located?

Acacia Communications' mailing address is Three Mill and Main Place Suite 400, Maynard MA, 01754. The technology company can be reached via phone at 978-938-4896 or via email at [email protected].

Does Acacia Communications pay dividends?

Acacia Communications does not currently pay a dividend.

About Acacia Communications Stock

Acacia Communications Inc. was founded by prominent industry experts Mehrdad Givehchi, Benny Mikkelsen and Christian Rasmussen. Acacia provides advanced solutions to the optical transport and network infrastructure equipment market for coherent 100G, 200G, 400G and beyond transceivers.

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