• Another optical network company has fallen by the wayside on a China slowdown.
• Acacia’s fall has been exaggerated by a secondary offering, a large dependence on China and an unusually high customer concentration.
• But we see little reason not to expect substantial growth to return to this former high-growth company, so we think the shares are a buy here.

It’s That China Slowdown Again, But Acacia Communications Will Come Back Stronger