Acacia Communications, Inc. Buyback
OLI recorded this information on 5/2/2018
Company:
Acacia Communications, Inc.
Buyback:
ACIA buyback
$Amount Authorized:
$60,000,000
Buyback Details:
Acacia Communications, Inc. (NASDAQ:ACIA), a leading provider of high-speed coherent optical interconnect products, today announced that its Board of Directors has authorized the repurchase of up to $60 million of the company's common stock from time to time on the open market or in privately negotiated transactions through December 31, 2018.
Acacia Communications is a provider of coherent optical interconnect products. Co.'s products fall into three product groups: embedded modules, pluggable modules and semiconductors. Co.'s embedded module and pluggable module product groups consist of optical interconnect modules for use in long-haul, metro and inter-data center markets. Co.'s semiconductor product group consists of its low-power coherent digital signal processor application-specific integrated circuits and its silicon photonic integrated circuits which are either integrated into its embedded and pluggable modules or sold to customers on a standalone basis for integration into internally developed or other merchant modules.
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Buy (2.80 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: ACIA Stock Forecast Based on Zacks ABR data; powered by Xignite |