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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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.
Read MoreA 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.
Read MoreFour 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.
Read MoreALU – Credit Suisse rates the stock as Outperform
The Outperform rating is retained and the target price increases to $42.00 from $35.00.
Read MoreA Lively Old Day Indeed for the Tech Sector
The local tech sector came alive Monday, with a $5bn move on Altium from American giant Autodesk and a $1.3bn offer from local private equity group BBGH Capital for Hansen Technologies.
Read MoreImproved Confidence Yet To Play For Altium
Risks implied in second half forecasts suggest Altium is not completely out of the woods, although longer-term growth appears solid.
Read MoreALU – 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.
Read MoreALU – 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”.
Read MoreALU – 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.
Read MoreCash-Strapped SMEs Put Pressure On Altium
Increasing stress on small businesses has made customer acquisition and subscriber growth difficult for software designer Altium, and achieving FY20 revenue targets now appears unlikely.
Read MoreWhy Altium Shares Can Continue To Outperform
Shares in Altium (ASX: ALU) were hit hard during the onset of COVID-19. However, they have recovered extremely well, with no signs yet of slowing down. How much more upside can we expect from the share price?
Read MoreLong-Term Opportunity In Altium
Altium may have slightly lowered FY20 guidance but brokers are confident there is a long-term opportunity in the stock, and the valuation is attractive.
Read MoreALU – UBS rates the stock as Upgrade to Buy from Neutral
UBS upgrades to Buy from Neutral as the valuation appears highly attractive for the long-term growth trajectory. A commercialisation of the relationship with Dassault is a material near-term catalyst.
Read MoreThree Businesses To Weather The Storm
Andrew Page of Strawman.com highlights three Australian companies with net cash and zero debt that should offer safe harbour at this time.
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