The Traderszone Network

Published in TZ Latest News 7 September, 2017 by The TZ Newswire Staff

Why Shares of Acacia Communications Surged 12% in August

Shares of Acacia Communications (NASDAQ: ACIA), a provider of optical-transport and network-infrastructure equipment, jumped 11.6% in August, according to data provided by S&P Global Market Intelligence. News of a tender for optical components by China Mobile on Aug. 23 was the main catalyst, with investors hoping that a downturn in demand from China would finally be reversed.

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