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News Breaks
September 27, 2012
05:42 EDTALTRAltera downgraded to Hold from Buy at Jefferies
Jefferies downgraded Altera citing valuation and a lack of catalysts. The firm lowered its price target for shares to $38 from $40.
News For ALTR From The Last 14 Days
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January 23, 2015
10:02 EDTALTROn the Fly: Analyst Downgrade Summary
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09:21 EDTALTROn The Fly: Pre-market Movers
UP AFTER EARNINGS: Infinera (INFN), up 13.2%... E-Trade (ETFC), up 5.6%... Starbucks (SBUX), up 5%... ResMed (RMD), up 3.2%. ALSO HIGHER: IVUS (VVUS), up 6.2% after being initiated with an Outperform at RBC Capital... Vitae Pharmaceuticals (VTAE), up 12.3% after 3M share Secondary priced at $11.90... lululemon (LULU), up 3.5% after being upgraded to Overweight from Neutral at JPMorgan. DOWN AFTER EARNINGS: Kimberly Clark (KMB), down 4.6%... Bank of New York Mellon (BK), down 2.1%... Altera (ALTR), down 4.4%... Kansas City Southern (KSU), down 3.3%... McDonald's (MCD), down fractionally. ALSO LOWER: LeapFrog (LF), down 32.8% after reporting preliminary third quarter results and withdrawing fiscal 2015 guidance... Molycorp (MCP), down 10.7% after being downgraded to Neutral from Buy at DA Davidson... Dreamworks (DWA), down 12% after announcing that it will cut 500 jobs, reduce films released per year, and seeing a $55M charge for 'The Penguins of Madagascar' and 'Mr. Peabody and Sherman'... Otonomy (OTIC), down 1.8% after secondary increased to 2.55M shares, priced at $29.25.
08:36 EDTALTRAltera downgraded at BMO Capital
As noted earlier, BMO Capital downgraded Altera to Market Perform from Outperform. As reasons for the downgrade, the firm cited concerns about pricing, weakening capex by its customers, and competition concerns. Target to $33 from $40.
06:44 EDTALTRAltera downgraded to Market Perform from Outperform at BMO Capital
January 22, 2015
18:28 EDTALTROn The Fly: After Hours Movers
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16:20 EDTALTRAltera sees Q1 sequential ssales flat to down 4%
Sees Q1 gross margins about 65% plus or minus 0.5%.
16:19 EDTALTRAltera reports Q4 EPS 36c, consensus 35c
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15:36 EDTALTRAltera technical comments before earnings
The shares have been in an unusually prolonged consolidation range that began in the summer of 2011. The range has been primarily contained between $31 at the low at $38 at the high. The shares are currently trading almost in the middle of that range. News that is not sufficiently strong will leaves shares rangebound. But a breakdown below $31 or a breakout above $38 would signal a turn in trend from neutral to bearish or bullish, respectively. Below $31 first key support would be at $29.34. Above $38, next resistance would be at $39.65. It should be noted that with ranges of this duration, moves can become extreme and persist in the direction of the range break for an extended period of time.
15:32 EDTALTRNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Starbucks (SBUX), consensus 80c; Capital One (COF), consensus $1.74; Intuitive Surgical (ISRG), consensus $4.38; KLA-Tencor (KLAC), consensus 52c; Altera (ALTR), consensus 35c; E-Trade (ETFC), consensus 23c... ResMed (RMD), consensus 62c; Maxim Integrated Products (MXIM), consensus 30c; Maxim Integrated Products (MSCC), consensus 65c; Hexcel (HXL), consensus 54c; Polycom (PLCM), consensus 23c; Skyworks (SWKS), consensus $1.19; Curtiss-Wright (CW), consensus $1.00.
January 21, 2015
10:01 EDTALTROn The Fly: Analyst Downgrade Summary
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08:36 EDTALTR, ALTRAltera downgraded to Outperform from Buy at CLSA
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