Stock on Focus: Acacia Communications, Inc. (ACIA)

Company Profile:

Acacia Communications, Inc. develops, manufactures, and sells high-speed coherent optical interconnect products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. Its products include a series of low-power coherent digital signal processors application-specific integrated circuits and silicon photonic integrated circuits integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second for use in long-haul, metro, and inter-data center markets. The company sells its products through a direct sales force to network equipment manufacturers. Acacia Communications, Inc. was founded in 2009 and is headquartered in Maynard, Massachusetts.

Recent News:

On June 28, 2017, the Company’s President and Chief Executive Officer, Raj Shanmugaraj, and Founders Benny P. Mikkelsen, Mehrdad Givehchi and Christian J. Rasmussen have been named EY Entrepreneurs of the Year® in Network Infrastructure and Security in the New England region.

For its first quarter ended March 31, 2017, the company reported revenue of $114.7 million, increased 36% year-over-year, GAAP net income of $35.7 million; non-GAAP net income* of $32.0 million.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

ACIA’s strengths can be seen in its strong profitability and robust efficiency compared with its peers. Its net income and revenue have increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross in Stochastic Oscillator and RSI stands at 45.05 with positive bias. We Acacia Communications, Inc. (ACIA) a STRONG BUY.

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