CSCO - Acacia announces preliminary results set to take up Cisco deal in call

Acacia Communications (ACIA) - currently at loggerheads with ostensible buyer Cisco (CSCO) after it elected to end their previous acquisition deal - is flat in early after-hours trading after announcing preliminary results for Q4 and the fiscal year. Those results show revenue of $160M-$164M for the quarter, in line with expectations for $162.2M. Net income on a GAAP basis was $31.7M-$35.4M; on a non-GAAP basis, it was $38.3M-$42.2M. That means diluted non-GAAP EPS was $0.88-$0.97, vs. an expected $0.76. For the full year, preliminary results point to revenue of $579.3M-$583.3M (in line with expectations for $581.5M), and EPS of $2.86-$2.95 (above consensus for $2.73). It's scheduled a conference call to discuss the results and "recent developments" at 5 p.m. ET; the call will not include questions and answers. Press release

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Acacia announces preliminary results, set to take up Cisco deal in call