SeaSpine Holdings (SPNE) Trades at $10.12 After Triangle; Acacia Communications (ACIA) Shorts Decreased By 9.08%

SeaSpine Holdings Corporation (SPNE) formed triangle with $10.73 target or 6.00% above today’s $10.12 share price. SeaSpine Holdings Corporation (SPNE) has $135.90 million valuation. The stock decreased 0.10% or $0.01 during the last trading session, reaching $10.12. About 13,563 shares traded. SeaSpine Holdings Corporation (NASDAQ:SPNE) has risen 6.47% since January 5, 2017 and is uptrending. It has underperformed by 10.23% the S&P500.

Acacia Communications Incorporated (NASDAQ:ACIA) had a decrease of 9.08% in short interest. ACIA’s SI was 7.61M shares in January as released by FINRA. Its down 9.08% from 8.37M shares previously. With 400,900 avg volume, 19 days are for Acacia Communications Incorporated (NASDAQ:ACIA)’s short sellers to cover ACIA’s short positions. The SI to Acacia Communications Incorporated’s float is 40.51%. The stock increased 2.32% or $0.87 during the last trading session, reaching $38.44. About 290,961 shares traded. Acacia Communications, Inc. (NASDAQ:ACIA) has risen 55.67% since January 5, 2017 and is uptrending. It has outperformed by 38.97% the S&P500.

Among 3 analysts covering SeaSpine Hldgs (NASDAQ:SPNE), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. SeaSpine Hldgs had 5 analyst reports since June 21, 2017 according to SRatingsIntel. The rating was maintained by Piper Jaffray with “Buy” on Thursday, September 28. Piper Jaffray maintained the stock with “Buy” rating in Friday, August 18 report. BTIG Research maintained the stock with “Buy” rating in Tuesday, July 11 report.

Analysts await SeaSpine Holdings Corporation (NASDAQ:SPNE) to report earnings on March, 1. They expect $-0.54 earnings per share, up 37.93% or $0.33 from last year’s $-0.87 per share. After $-0.58 actual earnings per share reported by SeaSpine Holdings Corporation for the previous quarter, Wall Street now forecasts -6.90% EPS growth.

Acacia Communications, Inc. develops, makes, and sells high-speed coherent optical interconnect products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. The company has market cap of $1.51 billion. The Company’s products include a series of low-power coherent digital signal processors application-specific integrated circuits and silicon photonic integrated circuits integrated into families of optical interconnect modules with transmission speeds ranging from 100 to 400 gigabits per second for use in long-haul, metro, and inter-data center markets. It has a 14.31 P/E ratio. The firm sells its products through a direct sales force to network equipment manufacturers.

Among 5 analysts covering Acacia Communications (NASDAQ:ACIA), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Acacia Communications had 9 analyst reports since June 7, 2016 according to SRatingsIntel. The rating was maintained by Deutsche Bank with “Buy” on Thursday, July 14. Needham maintained the shares of ACIA in report on Friday, August 12 with “Buy” rating. Goldman Sachs initiated it with “Neutral” rating and $39 target in Tuesday, June 7 report. The stock of Acacia Communications, Inc. (NASDAQ:ACIA) has “Buy” rating given on Tuesday, June 7 by Deutsche Bank. Needham maintained the shares of ACIA in report on Tuesday, October 11 with “Buy” rating. The stock of Acacia Communications, Inc. (NASDAQ:ACIA) has “Buy” rating given on Friday, September 9 by Deutsche Bank. The stock of Acacia Communications, Inc. (NASDAQ:ACIA) has “Buy” rating given on Tuesday, June 7 by Needham. Cowen & Co initiated the stock with “Outperform” rating in Tuesday, June 7 report. The stock of Acacia Communications, Inc. (NASDAQ:ACIA) has “Equal-Weight” rating given on Thursday, December 8 by Morgan Stanley.