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Acacia Hit By ZTE Ban

May 11th, 2018 · No Comments

  • Just when the Chinese market seemed to be recovering, the ZTE ban spoiled the party for Acacia.
  • The fallout is substantial, but so was the share price crash.
  • The company is taking measures like cost cutting and a share buyback.
  • Other markets, like DCI and the metro market are still providing the company with good growth opportunities which the company seems to take.
  • The shares still trade at a premium compared to some of its peers for which we have little explanation.

Source: Acacia Hit By ZTE Ban – Acacia Communications (NASDAQ:ACIA) | Seeking Alpha

Tags: ACIA