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Acacia Communications, Inc. (NASDAQ:ACIA) Shareholder Notice: Investigation over Possible Violations of Securities Laws

Via: ReleaseWire

Updated 12:00 PM CDT, Mon, August 07,2017

An investigation for investors in Acacia Communications, Inc. (NASDAQ:ACIA) shares over potential securities laws violations by Acacia Communications was announced.

San Diego, CA -- (SBWIRE) -- 08/07/2017 -- An investigation was announced for investors of Acacia Communications, Inc. (NASDAQ:ACIA) shares over potential securities laws violations by Acacia Communications in connection with certain financial statements.

Investors who purchased shares of Acacia Communications, Inc. (NASDAQ:ACIA), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Acacia Communications, Inc. (NASDAQ:ACIA) concerning whether certain statements by Acacia Communications regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On May 31, 2017, Acacia Communications, Inc announced that it identified a quality issue affecting a fraction of certain units manufactured "by one of its three contract manufacturers over an approximate four month period." Acacia Communications, Inc cited a circuit board cleaning process as the main cause of this issue and the process was eliminated.

On July 14, 2017, Acacia Communications, Inc disclosed that its second quarter results were adversely affected by the quality issue announced on May 31. Following this news, Acacia's stock price dropped.

Shares of Acacia Communications, Inc. (NASDAQ:ACIA) declined from $119.34 per share in September 2016 to as low as $38.50 per share on July 17, 2017.

On August 4, 2017, NASDAQ:ACIA shares closed at $45.35 per share.

Those who purchased shares of Acacia Communications, Inc. have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/acacia-communications-inc-nasdaqacia-shareholder-notice-investigation-over-possible-violations-of-securities-laws-844450.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com