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Technology Stocks : Acacia Communications
ACIA 39.38-0.9%Dec 15 8:10 PM ESTNews

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From: reddy_s8/28/2016 11:44:55 AM
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Fiber Optic 'Super Cycle': Raising The Speed Limit On The Giagabahn's Last Mile
True Fiber BackboneDuring "every prior optical cycle, there has been one major driver and a couple of minor drivers," said Needham analyst Alex Henderson, who as argued that the uptrend could be a telecom industry "super cycle." "This cycle looks quite different than that in the sense that there are at least three major drivers and a couple of smaller drivers as well."

As a result, the fiber-optics group ranked No. 3 on Thursday among the 197 industries tracked by IBD, up from a No. 95 ranking six months ago. Within the group, shares of Acacia Communications ( ACIA), a fiber-optic components maker that went public in May, had risen 55% in August as of Friday morning, after its quarterly numbers came in well above expectations



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