Stocks of the Hour: Ora Banda Mining, Accelerate Resources, Altium, Way2VAT
A snapshot of the stocks on the move, featuring Ora Banda Mining (ASX:OBM), Accelerate Resources (ASX:AX8), Altium (ASX:ALU) and Way2VAT (ASX:W2V).
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Altium Limited
Since 1985, Altium has been developing, creating and selling electronic design tools (software and hardware) that help electronics designers harness the latest devices and technologies, manage their projects across broad design ‘ecosystems’, and create connected, intelligent designs.
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Stocks of the Hour: Ora Banda Mining, Accelerate Resources, Altium, Way2VAT
A snapshot of the stocks on the move, featuring Ora Banda Mining (ASX:OBM), Accelerate Resources (ASX:AX8), Altium (ASX:ALU) and Way2VAT (ASX:W2V).
WATCH VIDEOAll Altium Limited Content
News
The Australian software sector, WTC, ZIP, ALU
Fund Manager Chris Pedersen discusses Zip Co, Altium and WiseTech Global.
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Altium Shareholders Laugh Last, Laugh Best
Shareholders in Altium who have stuck with the company this year are entitled to a solid chuckle when they read the latest quarterly results for the company's one-time US suitor Autodesk.
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A Touch of Altitude Sickness for Altium
Monday, August 30 was a day that listed software maker Altium will probably not forget for quite a while, as the company's shares plunged 14% after an unimpressive earnings report.
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Four Mini Bytes from the Tech Sector
Four Australian techs had varying experiences in yesterday’s ASX trading session, with releases from hummgroup, Empired, Altium and Data #3 receiving the gamut of responses from traders.
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Analyst Views
ALU – Macquarie rates the stock as Underperform
The broker decreases its rating to Underperform from Neutral and it's felt market confidence will be reduced around the company’s lack of visibility on the longer-term outlook. The target price falls to $27.60 from $30.
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ALU – Credit Suisse rates the stock as Outperform
The Outperform rating is retained and the target price increases to $42.00 from $35.00.
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ALU – Credit Suisse rates the stock as Outperform
With revenue pre-released, Credit Suisse found no surprises in Altium's top line numbers. Outperform rating retained with a target of $35.
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ALU – Credit Suisse rates the stock as Outperform
Earnings estimates have been reduced and the analysts conclude their initiation of coverage with an Outperform rating and $42 price target has proved to be "a half too early".
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ALU – UBS rates the stock as Neutral
Altium has divested its non-core tasking division. UBS notes the divestment is consistent with Altium's focus on its Altium 365 platform and realignment to cloud. Neutral and $36 target retained.
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