Worcester Business Journal

www.wbjournal.com September 12, 2016 • Worcester Business Journal 13 happening in China and projects by companies like Facebook and Google, which are working to interconnect data centers. There's a bit of a mini-stock bubble in the optics industry that Acacia is part of, he said, and the company went public at the perfect time to take advantage of it. The market for products like Acacia's optical interconnects could drop at some point, Lutkowitz said, particularly after the Chinese projects are complete. Yet, the company's underlying technol- ogy is still likely to put it in a good posi- tion in the years to come. "These are really smart guys," he said. "They'll know that they need to be pre- pared for the time when things get back to normal." Shanmugaraj declined to speak about the company's stock performance, but he said he's less concerned about share prices at any given time than bigger trends. After all, the product that Acacia is selling is not a fly-by-night app. Unlike many Silicon Valley startups that make a big splash, it's selling a hid- den and unflashy product that makes the productive, efficient, fun stuff we do on the internet possible. As long as we need to share large volumes of informa- tion, or watch funny cat videos, that infrastructure will be important. Shanmugaraj said Acacia's growth in profitability over the past three years is a testament to its fundamentals. "We are building the company for the long-term," he said. n >> B A N K I N G & F I N A N C E Helping businesses grow. That's what we do. $ 10,000,000 Construction Financing Hotel Boston, MA $ 5,450,000 Commercial Mortgage Light Industrial Manufacturing Hudson, MA $ 1,100,000 Equipment Financing Urgent Care Clinic Chelmsford, MA $ 8,500,000 Commercial Mortgage Manufacturing Facility North Andover, MA $ 15,000,000 Commercial Mortgage Mixed Use Real Estate Boston, MA $ 6,700,000 Commercial Mortgage Mixed Use Real Estate Ashland, MA $ 2,400,000 Refi nancing/Working Capital Digital Publishing Boston, MA $ 9,000,000 Acquisition Financing Working Capital Manufacturer Cranston, RI $ 9,500,000 Acquisition Financing Retail Stoughton, MA As a bank with no shareholders, our commercial bankers are free to work more collaboratively and proactively with business customers, offering more creative approaches for meeting a company's fi nancial and strategic objectives. With more than $4 billion in assets and a team of experienced bankers offering everything from complex fi nancing to everyday banking services, we're ready, willing and able to help every business grow. And we do. Contact Thomas Farley, Chief Commercial Banking Offi cer at 508-315-5344 or thomas.farley@middlesexbank.com CORPORATE BANKING / INVESTMENT REAL ESTATE / CONSTRUCTION LENDING MEMBER FDIC MEMBER DIF Each depositor is insured by the FDIC to at least $250,000. All deposits above the FDIC insurance amount are insured by the Depositors Insurance Fund (DIF). Cash Management " Your small business is our business." We know what it takes to own a business and we know you have your hands full. Let us take care of all your cash management needs, so you can concentrate on the business at hand. www.southbridgesavingsbank.com facebook/southbridgesavings 800-939-9103 - Bob Mangan AVP, Cash Management CHARLTON | HOLDEN | NORTH OXFORD | SOUTHBRIDGE | SPENCER | STURBRIDGE | WEBSTER | WORCESTER • Business Bank N' Pay SM • Remote Deposit Service • Credit Card Processing • Payroll Services $104M and growing Since the company debuted on the Nasdaq with a $103.5-million initial public offering on May 13, the stock price of Maynard technology firm Acacia Communication has risen drastically. $113.94 20 40 60 80 100 $120 Sept. 2 Aug. 12* Aug. 11 July 12 June 1 May 13 * Second quarter earnings released Stock price $30.95 * Second quarter earnings released Source: Yahoo Finance

• Cover