Welcome to our dedicated page for Acacia news (Ticker: ACIA), a resource for investors and traders seeking the latest updates and insights on Acacia stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Acacia's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Acacia's position in the market.
Cisco has successfully completed its acquisition of Acacia Communications for $4.5 billion, following approval from Acacia's shareholders. The acquisition, priced at $115.00 per share, aims to bolster Cisco's Internet for the Future strategy by enhancing its coherent optical solutions. Cisco is committed to supporting Acacia's existing and future customers, which are crucial for meeting the growing demand for data across webscale companies, service providers, and data centers. Acacia will now operate under Cisco's Optics business.
Cisco has announced an amended merger agreement to acquire Acacia Communications for $115 per share, totaling approximately $4.5 billion in cash. This acquisition aims to strengthen Cisco's 'Internet for the Future' strategy by enhancing its coherent optical solutions. The deal is expected to close by the end of Q1 2021, pending stockholder approval. Cisco is committed to supporting Acacia's existing and new customers, integrating its teams to offer advanced optical technology solutions.
Acacia Communications (ACIA) filed a response and counterclaim against Cisco Systems (CSCO) regarding the terminated merger agreement. Acacia asserts that the merger was validly terminated due to the absence of necessary Chinese regulatory approval by the January 8, 2021 deadline. Cisco disputes this, claiming that approval was received on January 7, 2021. Acacia intends to vigorously defend its position in court. The company remains bound by the merger terms under a temporary restraining order as legal proceedings unfold.
Acacia Communications (NASDAQ: ACIA) reported preliminary unaudited financial results for Q4 and the fiscal year 2020. Q4 revenue is projected between $160.0 million and $164.0 million, with GAAP net income of $31.7 million to $35.4 million. For the full year, revenue is estimated at $579.3 million to $583.3 million, and GAAP net income ranges from $87.7 million to $91.4 million. The results remain subject to revision pending audits. The Company will discuss these results in a conference call today.
Cisco (NASDAQ: CSCO) is seeking confirmation from the Delaware Court of Chancery regarding the closing conditions for its acquisition of Acacia Communications (NASDAQ: ACIA). This includes confirmation that all necessary conditions, including approval from China's State Administration for Market Regulation (SAMR), have been met. As of January 7, 2021, Cisco received notification from SAMR that its submission addresses relevant competition concerns. Cisco also seeks a court order to require Acacia to proceed with the transaction.
Acacia Communications (Nasdaq: ACIA) has officially terminated its merger agreement with Cisco Systems, effective January 8, 2021. This decision follows the lack of necessary regulatory approvals, specifically from the Chinese government, within the anticipated timeline. Acacia asserts it had the right to terminate the agreement as per its terms. Cisco has indicated it may dispute this termination. A conference call to discuss recent developments and preliminary financial results will be held on January 11, 2021.
Acacia Communications (NASDAQ: ACIA) reported Q3 2020 results, showing revenue of $158.5 million and a GAAP gross margin of 50.4%. The company achieved a GAAP net income of $24.3 million and a diluted EPS of $0.56. Notably, Acacia will not hold a conference call or provide Q4 guidance due to its proposed acquisition by Cisco Systems. The company's non-GAAP metrics revealed stronger operational performance, with adjusted EBITDA at $38.3 million and a non-GAAP diluted EPS of $0.78.
Acacia Communications and Inphi Corporation have successfully completed module-level interoperability testing for their 400ZR solutions, aimed at enhancing data center interconnect (DCI) applications. This testing validated the error-free links in 400ZR mode between their respective modules over a 120 km amplified link. The 400ZR specification, defined by the Optical Internetworking Forum (OIF), supports growing bandwidth demands among hyperscale network operators. This advancement provides flexibility in component selection for data center operators, fostering a multi-vendor ecosystem.
Acacia Communications (NASDAQ: ACIA) announced the sampling of new coherent bi-directional pluggable optical module solutions designed for 100G and beyond, addressing rising bandwidth demands in fiber-limited networks. This innovation allows for transmitting and receiving data in both directions on a single fiber, enhancing capacity for telecommunications and cable operators. The modules leverage Acacia's 3D Siliconization approach and are set to provide an efficient upgrade path for networks typically constrained by bandwidth limitations.
