Time New York: Tue 21 Nov 10:45 am  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Bear Of The Day: Acacia Communications (ACIA)

Zacks

Acacia Communications (ACIA) recently posted a beat of the Zacks Consensus Estimate and despite that bit of good news, the share price and earnings estimates have been falling.

Recent Earnings

On November 2, the company posted a huge beat on the bottom line with 31% positive earnings surprise. The topline saw a minimal beat, but it was still a beat.

The bad news is that the company guided the next quarter below the consensus and that has sent the estimates and share price lower. Investors like to see earnings growth, not earnings contraction.


Description

Acacia Communications, Inc. designs, develops, manufactures and markets communication equipments. The Company offers coherent optical interconnect products for cloud infrastructure operators and content and communication service providers. It operates primarily in the Americas, Europe, the Middle East, Africa and the Asia Pacific region. Acacia Communications, Inc. is headquartered in Maynard, Massachusetts.

Guidance

The company guided Wall Street for EPS of $0.19-0.36, excluding non-recurring items compared to the $0.47 Wall Street Consensus Estimate. Management expects Q4 revenues of $83M-$93M compared to the estimate which was at $113M at the time.

Chart

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.