ACIA News and Press, Acacia Communications Inc. From 01/12/21

Acacia Communications (ACIA) rose 3.9% after Rosenblatt reinitiated coverage of the stock after last week's decision by Acacia to terminate its deal with Cisco (CSCO) and following preliminary earnings last night.Rosenblatt analyst Ryan Koontz boosted PT to $110 from $70, writing that he sees...

Acacia Communications, Inc. (ACIA) Termination of Merger Agreement with Cisco Systems Inc January 11, 2020, 17:00 ET Company Participants Monica Gould - IR Officer Murugesan Shanmugaraj - President, CEO & Director John Gavin - CFO & Treasurer Conference Call Participants Presentation ...

MAYNARD, Mass., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Acacia Communications, Inc. (Nasdaq: ACIA) (“Acacia” or “the Company”) today announced that it filed its answer and affirmative defenses in response to the complaint filed by Cisco Systems, Inc. (Nasdaq: CSCO) (&#...

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 ...

MAYNARD, Mass., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Acacia Communications, Inc. (NASDAQ: ACIA) ("Acacia Communications" or "Company"), a leading provider of high-speed coherent optical interconnect products, today announced certain preliminary unaudited financial results for its fourth fiscal...

The Dow Jones Industrial Average (DJINDICES: ^DJI) was down about 0.37% at 2:20 p.m. Monday as political turmoil and a worsening pandemic collided with all-time highs. The House of Representatives introduced articles of impeachment on Monday charging President Trump with incitement ...

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Waddell & Reed declines in excess of recent dividend payment. Broader market starts the year with strong positive return. Merger arbitrage cash spreads advance in a positive start to the new year. For further details see: Merger Arbitrage Analysis And Spread Performa...

Acacia Communications (ACIA) standalone value in the absence of a deal with Cisco (CSCO) is $95-$110/share based on its peer group, according to Needham.Acacia's peer group trades at avg. EV/sales multiple of 4.9x CY22 estimates vs Acadia at 4.0x, according to analyst Alex HendersonExpec...

On Friday, Acacia Communications (NASDAQ: ACIA) terminated its merger agreement with networking equipment giant Cisco Systems (NASDAQ: CSCO) . Acacia said the decision, which was effective immediately, is due to the State Administration for Market Regulation (SAMR) in the co...