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Stock impact report

Acacia Communications Provides Update on U.S. Department of Commerce Entity List Designation of Huawei and Affiliates

Acacia Communications, Inc (ACIA)  More Company Research Source: GlobeNewswire
Last acacia communications, inc earnings: 2/18 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.acacia-inc.com/investor-overview
PDF MAYNARD, Mass., May 17, 2019 (GLOBE NEWSWIRE) -- Acacia Communications, Inc. (NASDAQ: ACIA), a leading provider of high-speed coherent optical interconnect products, today announced that it is aware of the order by the U.S. Department of Commerce to impose specific license requirements for the export, reexport and/or in-country transfer of all items subject to U.S. export control regulations to Huawei Technologies Co Ltd and designated affiliates of Huawei.  Acacia is taking steps to suspend affected transactions and intends to fully comply with the order.  Acacia is continuing to monitor developments affecting trade regulation and tariffs, including as related to Huawei, to assess potential impacts on Acacia’s future business and financial results. For the fiscal year ended December 31, 2018, sales to Huawei represented less than 1.5% of Acacia’s total revenue, and, for the three-month period ended March 31, 2019, represented less than 1.0% of Acacia’s total revenue.  Acacia antic [Read more]
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