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Acacia Communications, Inc. (ACIA) is engaged in delivering coherent optical interconnect products.
The Company offers its products for communications networks, relied upon by cloud infrastructure operators, and content and communication service providers.
Its products include a series of low-power coherent digital signal processor application-specific integrated circuits (DSP ASICs) and silicon photonic integrated circuits (silicon PICs), which it has integrated into families of optical interconnect modules with transmission speeds ranging from 40 to 400 gigabits per second (Gbps) for use in metro and inter-data center markets. Acacia use of silicon in its photonic integrated circuits (PICs), which improves performance and capacity at a smaller package size, and reduces associated costs. These modules also can be integrated easily with customers' existing network equipment.
Its modules perform a range of DSP and optical functions in optical interconnects. With standard interfaces, the Company's modules are integrated with customer's network equipment.
The Company offers siliconization of optical interconnect process. The Company sells its products to various network equipment manufacturers.
Shares of this recent IPO have formed a bullish "cup and handle" and higher share prices are expected for this stock. The firm will report its results, first time as a public company, on July 28th.
52-Weeks Trading Range: $27.05 - $51.87
Entry Point: $51.30
Stop Loss: $48.75
Target Price: $56.45
ACIA closed at $57.36.
