Needham Maintains $50.00 Target On Acacia Communications (NDAQ:ACIA), Maintains Buy Rating, Novartis AG (NVS) Shorts Decreased By 11.18%

July 17, 2017 - By Adrian Mccoy

Among 4 analysts covering Acacia Communications (NDAQ:ACIA), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Acacia Communications has $100 highest and $61 lowest target. $64’s average target is 62.93% above currents $39.28 stock price. Acacia Communications had 5 analyst reports since February 24, 2017 according to SRatingsIntel. The stock of Acacia Communications, Inc. (NASDAQ:ACIA) earned “Equal-Weight” rating by Morgan Stanley on Thursday, May 11. The stock of Acacia Communications, Inc. (NASDAQ:ACIA) has “Buy” rating given on Friday, June 23 by DA Davidson. The company was maintained on Friday, February 24 by Needham. The stock has “Buy” rating by Needham on Wednesday, May 10.

Novartis AG (NYSE:NVS) had a decrease of 11.18% in short interest. NVS’s SI was 3.95M shares in July as released by FINRA. Its down 11.18% from 4.45M shares previously. With 1.64M avg volume, 2 days are for Novartis AG (NYSE:NVS)’s short sellers to cover NVS’s short positions. The SI to Novartis AG’s float is 0.18%. It closed at $83.16 lastly. It is down 7.67% since July 17, 2016 and is uptrending. It has underperformed by 9.03% the S&P500.

Among 15 analysts covering Novartis Ag (NYSE:NVS), 4 have Buy rating, 3 Sell and 8 Hold. Therefore 27% are positive. Novartis Ag had 26 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by JP Morgan on Wednesday, April 19 with “Neutral”. UBS downgraded Novartis AG (ADR) (NYSE:NVS) on Friday, April 1 to “Neutral” rating. The rating was downgraded by Morgan Stanley to “Underperform” on Tuesday, April 12. Cowen & Co downgraded the shares of NVS in report on Wednesday, April 5 to “Market Perform” rating. The firm earned “Hold” rating on Tuesday, April 5 by Argus Research. The stock has “Neutral” rating by JP Morgan on Tuesday, January 3. The rating was maintained by Leerink Swann on Thursday, June 22 with “Hold”. The stock of Novartis AG (ADR) (NYSE:NVS) has “Buy” rating given on Wednesday, March 8 by Societe Generale. On Tuesday, September 20 the stock rating was initiated by Chardan Capital Markets with “Buy”. The stock of Novartis AG (ADR) (NYSE:NVS) earned “Underperform” rating by Credit Suisse on Wednesday, July 5.

Novartis AG is a holding company, which provides healthcare solutions. The company has market cap of $217.82 billion. The Firm is engaged in the research, development, manufacturing and marketing of a range of healthcare products led by pharmaceuticals. It has a 31.3 P/E ratio. The Company’s divisions include Innovative Medicines, Sandoz, Alcon and Corporate activities.

Acacia Communications, Inc. provides high-speed coherent interconnect products. The company has market cap of $1.41 billion. The Company’s products include a series of low-power coherent digital signal processor application-specific integrated circuits , and silicon photonic integrated circuits (silicon PICs), which it has integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second (Gbps) for use in long-haul, metro and inter-data center markets. It has a 11.67 P/E ratio. The Firm is also developing optical interconnect modules that will enable transmission speeds of one terabit (1,000 gigabits) per second and above.

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