Acacia Communications, Inc. (NASDAQ:ACIA), a builder of optical networking systems, is certainly not a household name. Even in Silicon Valley, the company doesn’t get much attention. Yet Wall Street has taken notice, posting a sizzling return of 316% since going public in May.
Growth has been torrid, as seen with last week’s stellar earnings report, sending ACIA stock up 41%! So, just what is Acacia Communications and why the interest from investors? Well, let’s take a look:
Back in 2009, Mehrdad Givehchi, Benny Mikkelsen and Christian Rasmussen launched Acacia Communications. The mission was to build optical networking equipment that would not only boost speed and time-to-market, but also greatly reduce overall costs. Read