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Acacia Communications (NDAQ:ACIA) price target upped to $64.00, issued a ratings update earlier today by MKM Partners

Yesterday Acacia Communications (NDAQ:ACIA) traded 6.89% higher at $48.31. The company’s 50-day moving average is $45.46 and its 200-day moving average is $46.56. The last stock close price is up 5.21% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 547,277 shares of the stock were exchanged, down from an average trading volume of 581,283

MKM Partners raised the target price of Acacia Communications (NDAQ:ACIA) to $64.00 indicating a possible upside of 0.32%.

Previously on 7/17/2017, Needham reported about Acacia Communications (NDAQ:ACIA) lowered the target price from $65.00 to $50.00. At the time, this indicated a possible upside of 0.26%.

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Acacia Communications (NDAQ:ACIA)

Acacia Communications has a 52 week low of $44.00 and a 52 week high of $121.86 with a P/E ratio of 16.75 The company’s market cap is currently $0.

About Acacia Communications (NDAQ:ACIA)

Acacia Communications, Inc. provides high-speed coherent interconnect products. The Company's products include a series of low-power coherent digital signal processor application-specific integrated circuits (DSP ASICs), and silicon photonic integrated circuits (silicon PICs), which it has integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second (Gbps) for use in long-haul, metro and inter-data center markets. The Company is also developing optical interconnect modules that will enable transmission speeds of one terabit (1,000 gigabits) per second and above. The Company's modules perform a majority of the digital signal processing and optical functions in optical interconnects. The Company's coherent DSP ASICs are manufactured using complementary metal oxide semiconductor (CMOS), and its silicon PICs are manufactured using a CMOS-compatible process.

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