![]() Create an IG Trading Account or log in to your existing account.As analysts from RBC put it: the company ‘still has some work to do to rebuild market confidence in the growth outlook.’ĭespite that, RBC remains confident in the mid-term outlook for Altium, rating the stock Sector Perform while assigning it a $37.00 price target.ĭo you have a view on Altium? Whatever you think, you can use CFDs to trade stocks and other assets, through IG’s world-class trading platform.įor example, to buy (long) or sell (short) ASX-listed stocks using CFDs, follow these easy steps: 'Momentum has returned to Altium's business with double-digit growth in the second half, however, after a slow first half due to the impact of COVID and our pivot to the cloud, the full year is likely to be at, or slightly below, the low end of our guidance.'Ĭonfidence in the software company is likely at an all-time low, with Altium now having issued 7 downgrades in just 18 months. FY21 revenue of between US$190 million to US$195 millionĭespite tempering expectations, Altium’s Chief Financial Officer remained upbeat, saying:.Specifically new guidance was as follows: Issuing a downgrade in the process, saying it expected full-year revenue and margins to now come in at the low-end of the previous guidance range. Then a bit later in June, Altium released a trading update to the market. 'Altium has a unique position in the electronics ecosystem and in the past unsolicited acquisition interest has developed from partnership dialogues with others in the ecosystem,’ management said. That was a steep premium to where the stock traded at, at the time, and the stock, unsurprisingly surged in response.Īltium’s management however swiftly shot down that offer – at that price – saying it significantly undervalued the business. In June, Altium (ASX: ALU) was faced with an optimistic dilemma: the Nasdaq listed Autodesk was proposing to buy the company, for $38.50 per share.
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