Acacia Communications, Inc. (ACIA - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $42.51 to $44.21 in the past one month time frame.
The company has seen a mixed track record when it comes to estimate revisions of one increase and three decreases over the past one month, while its Zacks Consensus Estimate for the current quarter has also moved lower in the same time period. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Acacia Communications currently has a Zacks Rank #5 (Strong Sell), while its Earnings ESP is 0.00%.
A better-ranked stock in the Communication – Components industry is Arista Networks, Inc. (ANET - Free Report) , which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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