Acacia is the 'safest bet in semi/optical land' and could get acquired, says William Blair [MarketWatch]
ACACIA COMMUNICATIONS (ACIA)
Last acacia communications earnings: 2/18 04:01 pm
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Source: MarketWatch
Acacia is the 'safest bet in semi/optical land' and could get acquired, says William Blair Shares of Acacia Communications Inc. ACIA, -1.67% are up 0.5% in Monday trading after William Blair analyst Dmitry Netis called it "the safest bet in semi/optical land" and suggested that the company could get acquired. Acacia shares plummeted last week after the U.S. banned American companies from selling components to Chinese smartphone maker ZTE. "While it could likely take several quarters for the company to regain its footing, prove it is ready to tackle serious geopolitical issue surrounding it like a mature public company (with respect to future profitability and stock buybacks), and rid itself of the poor investor sentiment, we believe the likelihood of multiple expansion or an acquisition remains high," Netis wrote. He has an outperform rating on the stock. Acacia shares are down 47% over the past 12 months, while the S&P 500 SPX, +0.05% is up 14%.
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