ISI Group Downgrades Altera (ALTR) to Hold
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Nomura Sees More Downside in Altera (ALTR)
December 5, 2012 8:55 AM ESTYesterday Altera (NASDAQ: ALTR) announced it was lowering Q4 guidance, its third miss in four quarters. In response, Nomura Securities maintained a Reduce rating on Altera and cut its price target to $27.00 (from $29.00), as analysts see more downside in the stock.
"We... More
Altera (ALTR) Guides Lower
December 4, 2012 4:17 PM ESTAltera Corp (NASDAQ: ALTR) currently expects that revenue for the fourth quarter will be 8 to 10 percent lower than third quarter levels. Prior guidance was for a decline of 6 to 10 percent.
Sales of the company's new products are expected to grow... More
