Needham Initiates Coverage on Acacia Communications to Buy

Needham Initiates Coverage on Acacia Communications(NASDAQ:ACIA). The shares have been rated Buy. The rating by Needham was issued on Jun 7, 2016.

In a different note, Goldman Sachs said it Initiates Coverage on Acacia Communications, according to a research note issued on Jun 7, 2016. The shares have been rated ‘Neutral’ by the firm. Bank of America said it Initiates Coverage on Acacia Communications, according to a research note issued on Jun 7, 2016. The shares have been rated ‘Buy’ by the firm. Deutsche Bank said it Initiates Coverage on Acacia Communications, according to a research note issued on Jun 7, 2016. The shares have been rated ‘Buy’ by the firm. Cowen & Company said it Initiates Coverage on Acacia Communications, according to a research note issued on Jun 7, 2016. The shares have been rated ‘Outperform’ by the firm.

Several Insider Transactions has been reported to the SEC. On May 20, 2016, Murugesan Shanmugaraj (President & CEO) sold 50,000 shares at $21.39 per share price.Also, On May 20, 2016, Eric A Swanson (director) sold 65,000 shares at $21.39 per share price.On May 20, 2016, Christian J. Rasmussen (VP Digital Signal Proc&Optics) sold 103,772 shares at $21.39 per share price, according to the Form-4 filing with the securities and exchange commission.

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