Altera Corp. (ALTR) just saw a nice share price spike thanks to an analyst, who raised earnings estimates based on the prospect that Altera will hike its second-quarter outlook on strong demand from China.

Company Description

Altera provides innovative custom logic solutions and has been ever since inventing the world's first reprogrammable logic device in 1984. Today, over 2,600 employees in 19 countries are providing even more ingenious custom logic solutions.

Altera's comprehensive solutions portfolio contains fully integrated software development tools, versatile embedded processors, optimized intellectual property (IP) cores, reference designs examples, and a variety of development kits.

Solid Performance

The company saw a nice share price spike thanks to an analyst, who recently raised earnings estimates based on the prospect that Altera will hike its second-quarter outlook on strong demand from China.

Altera's first-quarter earnings of 17 cents per share topped the consensus

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