Piper Jaffray analyst Troy Jensen raised his price target for Acacia Communications to $59 saying the company reported "solid Q4 results and appears to be firing on all cylinders." Acacia continues to diversify its customer base and new product introductions should help sustain industry leading growth in 2019 and beyond, Jensen tells investors in a post-earnings research note. He continues to believe the company represents one of the best ways to play the 400G optical component market and 5G wireless network upgrades. The analyst reiterates an Overweight rating on Acacia Communications.