Acacia Communications +1.1% on ZTE statement, reaffirmed guidance [Seeking Alpha]
ACACIA COMMUNICATIONS (ACIA)
Last acacia communications earnings: 2/18 04:01 pm
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US:NASDAQ Investor Relations:
ir.acacia-inc.com/investor-overview
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Source: Seeking Alpha
Acacia Communications +1.1% on ZTE statement, reaffirmed guidanceAcacia Communications (NASDAQ:ACIA)says it won’t resume its relationship with ZTE until the U.S. Department of Commerce removes the company from the Denied Persons List.Acacia reaffirms its Q2 guidanceprovided in May, which had revenue from $60M to $66M and EPS from -$0.15 to -$0.03.The statement follows a report that the Senate is pushing back against the White House deal to revive ZTE.Acacia shares areup 1.1% premarket to $35.09.See all stocks on the move »Now read:Hewlett Packard Enterprise: Good Quarter. Was The Selloff Justified? »
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