Is it time to Buy before this week’s earning report Acacia Communications (NASDAQ:ACIA)

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Earnings results for Acacia Communications (NASDAQ:ACIA)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.35 and remained the same over the past month at 0.35. none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 1.48 and remained the same over the past month at 1.48 . none raised and none lowered their forecast.

Acacia Communications last announced its quarterly earnings data on May 4th, 2020. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.38 by $0.16. The business had revenue of $125.63 million for the quarter, compared to analyst estimates of $119.15 million. Acacia Communications has generated $1.18 earnings per share over the last year and currently has a price-to-earnings ratio of 71.1. Acacia Communications has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, August 11th, 2020 based off prior year’s report dates.

Analyst Opinion on Acacia Communications (NASDAQ:ACIA)

1 Wall Street analysts have issued ratings and price targets for Acacia Communications in the last 12 months. There are currently 1 hold rating for the stock, resulting in a consensus rating of “Hold.”

There is not enough analysis data for Acacia Communications.

Dividend Strength: Acacia Communications (NASDAQ:ACIA)

Acacia Communications does not currently pay a dividend. Acacia Communications does not have a long track record of dividend growth.

Insiders buying/selling: Acacia Communications (NASDAQ:ACIA)

In the past three months, Acacia Communications insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,076,411.00 in company stock. Only 9.30% of the stock of Acacia Communications is held by insiders. 77.11% 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 and Valuation of Acacia Communications (NASDAQ:ACIA

Earnings for Acacia Communications are expected to grow by 28.38% in the coming year, from $1.48 to $1.90 per share. The P/E ratio of Acacia Communications is 71.12, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.67. The P/E ratio of Acacia Communications is 71.12, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 38.82. Acacia Communications has a P/B Ratio of 4.87. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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