TheStreet.com Ratings' Updates: Altera
TSC Ratings provides exclusive stock, ETF and mutual fund ratings and commentary based on award-winning, proprietary tools. Its "safety first" approach to investing aims to reduce risk while seeking solid outperformance on a total return basis.
The following ratings changes were generated on Monday, June 15.
We've upgraded AllianceBernstein (AB) from sell to hold. Strengths include the company's largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow.
AllianceBernstien has no debt to speak of, a favorable sign and its gross profit margin is very high at 100%. Its net profit margin of 53.4% outperformed the industry average. Revenue plummeted by 84.6% since the same quarter last year, and EPS decreased. Net income fell 90.7% compared with the year-ago quarter, from $72.4 million to $6.7 million, undperforming the capital markets industry average. Net operating cash flow fell 71.2% to $26.6 million.We've upgraded Altera (ALTR) from hold to buy, driven by its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV