BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Acacia Communications, Inc. (“Acacia” or the “Company”) (NASDAQ: ACIA) investors concerning the Company and its officers’ possible violations of federal securities laws.
On July 14, 2017, the Company disclosed that its second quarter results were “adversely affected by the quality issue identified at one of our three contract manufacturers that we announced on May 31.” According to the Company, the quality issue was likely related to a circuit board cleaning process.
On this news, the Company’s share price fell $2.62 or 6% to close at $39.00 on July 14,2017, thereby injuring investors.
If you purchased Acacia securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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