SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Acacia Communications, Inc. - ACIA

NEW YORK, July 14, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Acacia Communications, Inc. ("Acacia" or the "Company") (NASDAQ: ACIA).  Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Acacia and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

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On May 31, 2017, Acacia issued a press release advising investors that "the Company has identified a quality issue" affecting "a portion" of several thousand modules manufactured by one of Acacia's three contract manufacturers, citing as the "root cause of this quality issue . . . a circuit board cleaning process that has since been eliminated."  On July 14, 2017, Acacia issued a press release announcing the Company's preliminary financial and operating results for the quarter ended June 30, 2017.  The Company reported profit and revenue that missed estimates, and revised its current-quarter guidance downward.  Acacia stated that the Company's "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 has fallen as much as $2.37, or 5.69%, during intraday trading on July 14, 2017.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com

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SOURCE Pomerantz LLP