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Cowen and Company increasingly bullish on Acacia Communications

Published 11/11/2016, 09:54 AM
Updated 11/11/2016, 09:54 AM
Cowen and Company increasingly bullish on Acacia Communications
  • Analyst Paul Silverstein had raised the firm's target on Acacia Communications earlier in the week to $99, and resulting from above-consensus quarterly results, today moves even higher to $115 (current price $74.98). Continues to cite confidence in a strong optical upgrade cycle.
  • Outperform rating reiterated. Similar positions stated following the Q3 report at William Blair and Needham & Company ($125 target), reissuing respective Outperform and Buy ratings.
  • Acacia Communications (NASDAQ:ACIA) higher by 1.8% early in relatively volatile trade.

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