Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Acacia Communications, Inc. (ACIA) Stock: Reaching For The Stars | Here’s Why!

Acacia Communications, Inc. (NASDAQ:ACIAwas off to a relatively normal start to the day today. However, shortly after the bell the stock started to spike. After a bit of digging, we believe we’ve found the cause of the movement. Today, we’ll talk about what we’re seeing from the stock, why, and what we can expect to see from ACIA ahead.

provider, network, datacenter, parallel, net, hardware, business, server, new, internet, tech, hub, broadband, cable, data, cords, port, socket, digital, adapter, rack,


What We’re Seeing From ACIA

As mentioned above, Acacia Communications, Inc. (NASDAQ:ACIA) was off to a relatively normal start in the market today. While the stock was in the green, there wasn’t much movement. However, that all changed around 9:50, as the stock started reaching for the stars. ACIA was trading at $68.61 per share at one point, a 7.51% gain for the day before settling into gains of 4.42%. Shares have gained another 1.13% in the after-hours session so far.

Why We’re Seeing The Gains

As usual, as soon as we noticed the gains on ACIA, the CNA Finance team started to dig to see what was causing the gains. In our investigation, we believe we’ve found the cause. All over social media, we’re seeing news that the company has won a new contract.

In fact, the chatter quotes William Blair in saying that Acacia Communications won a recent contract from Facebook Inc (NASDAQ:FB). The contract will surround Facebook’s New White Box Voyager. While there haven’t been any details with regard to the revenue this will generate for ACIA, regardless, if this is true, it will likely be huge for the stock.

What We’ll Be Watching Ahead

Moving forward, I have an overwhelmingly bullish opinion of what we can expect to see from ACIA. While the story at the moment is a new contract, and that’s great, it only strengthens the argument for a coming acquisition. At this point, regardless of what happens with regard to an acquisition, Acacia Communications, Inc. (NASDAQ:ACIA) is in a strong position of growth. Ultimately, we’ll be watching the stock closely for any developments in either story surrounding ACIA.

Follow Acacia Communications Inc. (NASDAQ:ACIA)
Trade (NASDAQ:ACIA) Now!

Never Miss The News Again

Do you want real-time, actionable news delivered to your inbox? Join the CNA Finance mailing list.

Note: This article was written by Joshua Rodriguez, owner and founder of CNA Finance. If you would like to connect with Joshua, you can do so by emailing him at!

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.