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Acacia Communications, Inc. (ACIA)

NASDAQ:ACIA

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In Acacia Communications, Inc. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Acacia Communications, Inc. (“Acacia” or the “Company”) (NASDAQ:ACIA).

The investigation focuses on whether the Company and its executives violated federal securities laws.  Specifically, during pre-market on May 31, 2017, Acacia issued a press release revealing, in part, that it had “identified a quality issue that it currently believes affects a portion of the approximate 1,300 AC400 units and 5,000 CFP units manufactured by one of its three contract manufacturers over an approximate four month period.” 

Then during pre-market on July 14, 2017, the Company issued a press release announcing its preliminary financial results for its second quarter ended June 30, 2017.  Therein, the Company reported disappointing second quarter earnings and lowered its third quarter guidance.  Furthermore, Acacia disclosed that its “second quarter results were adversely affected by the quality issue identified at one of our three contract manufacturers that we announced on May 31.”

On this news, Acacia’s share price declined, causing harm to investors.

If you invested in Acacia stock or options and would like to discuss your legal rights, please fill out the form below.  There is no cost or obligation to you.  You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com.

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Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    Acacia Communications, Inc. (ACIA)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 07/14/2017

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