July 24 , 2017 (Shareholders Foundation) - An investigation on behalf of investors of Acacia Communications, Inc. (NASDAQ:ACIA) shares over potential securities laws violations by Acacia Communications and certain of its directors and officers in connection with certain financial statements was announced.

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 a series of statements by Acacia Communications regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Maynard, MA based Acacia Communications, Inc. provides high-speed coherent interconnect products. Acacia Communications, Inc. reported that its annual Total Revenue rose from $239.06 million in 2015 to $478.41 million in 2016 and that its Net Income increased from $40.52 million in 2015 to $131.58 million in 2016.

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, Acacias 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.