Acacia is unique as it has a low float and was pumped to the tits, earning this month will reveal it's true worth.

Well, Acacia appears to be hitting their stride......

MAYNARD, Mass., Aug. 11, 2016 (GLOBE NEWSWIRE) -- Acacia Communications, Inc. (NASDAQ:ACIA), a leading provider of high-speed coherent optical interconnect products, today reported financial results for its second quarter ended June 30, 2016.

“Our record second quarter results exceeded our expectations across the board and reflect the success of our disruptive technology in transforming cloud, content and communications networks. These results are a testament to our strategy and demonstrate our leadership position in the high-growth 100G plus optical networking market,” said Raj Shanmugaraj, President and CEO of Acacia Communications, “We continue to see strong global demand for our products, driven by metro and inter-data center network infrastructure buildouts.”

“We are delighted to have completed our IPO during the second quarter and are excited about the many opportunities ahead of us,” said John Gavin, CFO of Acacia Communications, “The IPO enabled us to strengthen Acacia Communications’ balance sheet while providing substantial capacity to further grow the business.”

Results for the Second Quarter of 2016

• Revenue of $116.2 million, increased 101% year-over-year
• GAAP gross margin of 46.4% of revenue; non-GAAP gross margin of 47.0% of revenue
• GAAP income from operations of $23.5 million; non-GAAP income from operations of $32.6 million
• GAAP net income of $17.6 million; non-GAAP net income of $28.9 million
• EBITDA of $22.0 million; adjusted EBITDA of $34.7 million
• GAAP diluted EPS of $0.43; non-GAAP diluted EPS of $0.77

Outlook for the Third Quarter of 2016

The following statements are based on current expectations. These statements are forward-looking and actual results may differ materially, as a result of, among other things, the important factors discussed at the end of this release. Acacia Communications disclaims any obligation to update these forward-looking statements.

Acacia Communications’ expectations for the third quarter of 2016 are:

Quarter Ending September 30, 2016