Acacia Communications

Acacia develops, manufactures, and sells high-speed coherent optical interconnect products in the United States, China, Germany, Thailand, and internationally. It offers embedded and pluggable module products consisting of optical interconnect modules with transmission speeds ranging from 100 to 1,200 gigabits per second for use in long-haul, metro, and inter-data center markets.  Acacia also provides semiconductor products, such as low-power coherent digital signal processor application-specific integrated circuits and silicon photonic integrated circuits that are integrated into embedded and pluggable modules. It sells its products through a direct sales force to network equipment manufacturers, network operators, and cloud service providers.  Eric Swanson, Benny Mikkelsen, and Mehrdad Givehchi founded Acacia in 2009. It has its headquarters in Maynard in Massachusetts.

Cisco Systems

SAN JOSE, Calif., March 1, 2021 /PRNewswire/ -- News Summary: Cisco completed the acquisition of Acacia Communications, Inc. following approval of the transaction by a majority of Acacia shareholders. The Acacia acquisition reinforces Cisco's commitment to optics as a building block that...

Cisco Completes Acquisition of Acacia Communications, Inc.

Acacia Communications (ACIA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why the Earnings Surprise Streak Could Continue for Acacia Communications (ACIA)

Acacia Communications (ACIA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Acacia Communications (ACIA) to Report Q4 Results: Wall Street Expects Earnings Growth

China's market regulator said on Tuesday it has approved plans for Cisco Systems Inc's. purchase of Acacia Communications Inc, as long as both comply with a set of conditions.

China's market regulator approves Cisco buy of Acacia, with some curbs

Cisco (CSCO) will now pay $4.5 billion to acquire Acacia Communications, which represents a 73.1% increase over the original purchase price of $2.6 billion.

Cisco (CSCO) to Now Shell Out $4.5B for Acacia Acquisition

Cisco and Acacia Communications Merger Going Forward After All, With Revisions

Cisco upped its offer for Acacia Communications to $4.5 billion from $2.6 billion. Cisco stock slipped while Acacia stock soared on the sweetened offer for the maker of optical devices.

Cisco Sweetens Offer For Optical Device Maker Acacia To $4.5 Billion

The game of chess between Acacia and Cisco ended with a more generous merger agreement.

Why Shares of Acacia Communications Rocketed Higher Today

Shares of Acacia Communications, Inc. (NASDAQ: ACIA) were rallying Thursday after a brief legal dispute with Cisco Systems, Inc. (NASDAQ: CSCO) was resolved and the two sides struck a merger agreement. What Happened: Acacia said last week it was terminating its merger agreement with Cisco after the deal failed to receive regulatory approval from Chinese authorities before a Jan. 8 deadline.

Acacia Communications Shares Surge After Deal Reached With Cisco

It's back on again. After many thought the deal was sunk, Acacia Communications Inc.

The Cisco-Acacia Deal Is Back On. What This Means for Investors.

Shares of Acacia Communications Inc. are surging more than 30% in Thursday morning trading after Cisco Systems Inc. made an upsized offer for the optoelectronics company.

Acacia stock surges after Cisco agrees to larger takeover deal

SAN JOSE, Calif., Jan. 14, 2021 /PRNewswire/ -- News Summary: The acquisition of Acacia reinforces Cisco's commitment to optics as a building block that will enhance Cisco's 'Internet for the Future' strategy with world class coherent optical solutions. Cisco is committed to supporting...

Cisco and Acacia Communications Announce Amended Merger Agreement

Acacia Communications, Inc. (ACIA) to Discuss Termination of Merger Agreement with Cisco Systems, Inc. - (Transcript)

Acacia Communications Inc. ACIA released preliminary results late Monday prior to a company call expected to address its decision to not go through with a merger with Cisco Systems Inc. CSCO The company said it expects adjusted earnings of 88 cents to 97 cents a share on revenue of $160 million to $164 million for the fourth quarter, and $2.86 to $2.95 a share on revenue of $579.3 million to $583.3 million for the year. Analysts surveyed by FactSet forecast adjusted earnings of 76 cents a share on revenue of $162.2 million for the fourth quarter, and $2.73 a share on revenue of $581.5 million for the year.

Acacia forecasts earnings above Street view

MAYNARD, Mass., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Acacia Communications, Inc. (Nasdaq: ACIA) (“Acacia” or “the Company”) today announced that it filed its answer and affirmative defenses in response to the complaint filed by Cisco Systems, Inc. (Nasdaq: CSCO) (“Cisco”) in the Delaware Court of Chancery and simultaneously filed a counterclaim against Cisco seeking a declaration that Acacia validly terminated the merger agreement with Cisco because the required Chinese regulatory approval was not obtained and the merger did not close before the agreed-upon termination date under the agreement.

Acacia Communications Files Counterclaim Against Cisco

MAYNARD, Mass., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Acacia Communications, Inc. (NASDAQ: ACIA) ("Acacia Communications" or "Company"), a leading provider of high-speed coherent optical interconnect products, today announced certain preliminary unaudited financial results for its fourth fiscal quarter and fiscal year ended December 31, 2020.

Acacia Communications Announces Preliminary Fourth Quarter and Full Year 2020 Results

Boeing

An older-model 737 crashed over the weekend, and Cisco is going to court to close the deal for Acacia.

Dow Jones Slumps 100 Points; Boeing Stock Lower After Fatal Crash; Cisco Fights to Close Acacia Merger

Acacia Communications Inc. (NASDAQ: ACIA) terminated its merger deal valued at £2.09 billion with Cisco Systems Inc. (NASDAQ: CSCO) on Friday. The optical component maker said it failed to receive the regulatory approval from China within the allotted time.

Cisco wins a restraining order that stops Acacia from abandoning the merger deal

The Chinese company cites the lack of timely approval from a regulator as the key reason for the move.

Acacia Communications Cancels Merger With Cisco

Cisco Systems Inc.'s proposed $2.6 billion merger with Acacia Communications Inc. could be destined for a day in court after Acacia announced Friday that it was terminating the agreement on grounds that Cisco disputes.

Cisco vows to go to court after Acacia tries to cancel $2.6 billion merger

Cisco has sought a court order to request that Acacia close the $2.84 billion merger deal shortly after terminating the agreement.

Cisco seeks court order after Acacia terminates $2.84 billion merger agreement

Acacia Communications terminated its $2.6 billion acquisition by Cisco Systems after China delayed approval of the deal. Acacia stock jumped on the news while Cisco stock was little changed.

Acacia Stock Pops, Optical Device Maker Walks Away From Cisco Acquisition

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At about halfway through the trading day on Friday, the broad markets were trading sideways, with the exception of the Nasdaq, which was fairly positive.

Canadian Solar, JetBlue, L Brands, Peloton, Tesla and More Friday Afternoon Analyst Calls

The company says it's no longer merging with Cisco.

Why Acacia Communications Stock Jumped Today

Acacia Communications Inc. (NASDAQ: ACIA) shares were up handily to close out the week after the announcement that it had ended its $2.6 billion merger agreement with Cisco Systems Inc.

News for Acacia Communications Stock (ACIA)