Rosenblatt Securities analyst Ryan Koontz maintained a Buy rating on Acacia Communications (NASDAQ:ACIA) on Monday, setting a price target of $110, which is approximately 38.19% above the present share price of $79.6.
Koontz expects Acacia Communications to post earnings per share (EPS) of $0.58 for the first quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Acacia Communications, with an average price target of $110.
The analysts price targets range from a high of $110 to a low of $110.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $158.46 million and a net profit of $24.95 million. The company's market cap is $3.35 billion.
According to TipRanks.com, Rosenblatt Securities analyst Ryan Koontz is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 33.3% and a 78.49% success rate.
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.