Altera Corp. Stock Upgraded (ALTR)
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- Despite its growing revenue, the company underperformed as compared with the industry average of 6.0%. Since the same quarter one year prior, revenues slightly increased by 3.4%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Net operating cash flow has slightly increased to $130.76 million or 3.19% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -8.14%.
- Despite currently having a low debt-to-equity ratio of 0.42, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Even though the debt-to-equity ratio shows mixed results, the company's quick ratio of 4.94 is very high and demonstrates very strong liquidity.
- The gross profit margin for ALTERA CORP is currently very high, coming in at 70.81%. Regardless of ALTR's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, ALTR's net profit margin of 21.77% compares favorably to the industry average.
- ALTERA CORP's earnings per share declined by 16.2% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past two years. However, we anticipate this trend to reverse over the coming year. During the past fiscal year, ALTERA CORP reported lower earnings of $1.36 versus $1.71 in the prior year. This year, the market expects an improvement in earnings ($1.42 versus $1.36).
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