On Monday, Intel Corporation (NASDAQ:INTC)’s shares declined -0.14% to $34.93.
Intel Corporation (“Intel”) declared that it has accomplished the acquisition of Altera Corporation (“Altera”), a leading provider of field-programmable gate array (FPGA) technology. The acquisition complements Intel’s leading-edge product portfolio and enables new classes of products in the high-growth data center and Internet of Things (IoT) market segments.
“Altera is now part of Intel, and together we will make the next generation of semiconductors not only better but able to do more,” said Brian Krzanich, Intel CEO. “We will apply Moore’s Law to grow recently’s FPGA business, and we’ll invent new products that make amazing experiences of the future possible – experiences like autonomous driving and machine learning.”
Altera will operate as a new Intel business unit called the Programmable Solutions Group (PSG), led by Altera veteran Dan McNamara. Intel is committed to a smooth transition for Altera customers and will continue the support and future product development of Altera’s many products, counting FPGA, ARM®-based SoC and power products. In addition to strengthening the existing FPGA business, PSG will work closely with Intel’s Data Center Group and IoT Group to deliver the next generation of highly customized, integrated products and solutions.
Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Internet of Things Group, Mobile and Communications Group, Software and Services, and All Other segments.
Nabors Industries Ltd. (NYSE:NBR)’s shares dropped -5.75% to $8.36. The last trading range of Nabors Industries Ltd. (NYSE:NBR) ranges between $8.34 and $8.79. The EPS of the company stands at $-3.71. The 52-week range shows that the stock reached higher at $16.99 while its lower range is $7.47 in the last 52-weeks. The average volume of the company is at 7.96 million with the Outstanding Shares of 283.52 million. The market capitalization of the company is $2.93 billion. The Beta of the company stands at 2.39 with the RSI (Relative Strength Index) of 42.17.
Nabors Industries Ltd., together with its auxiliaries, provides drilling and rig services. The company offers rig instrumentation, optimization software, and directional drilling services. It also provides completion, life-of-well maintenance, and plugging and abandonment of a well.
Progressive Corp (NYSE:PGR)‘s shares dipped -0.13% to $31.96. Progressive Corp (NYSE:PGR) is now worth about $18.71 billion. The share price has made a 3.67% gain in the past 5 days and has gained 18.41% since 2015 kicked off. Analysts are forecasting EPS growth of 2.21% for next fiscal year and 8.06% growth in the next 5 years. The stock trades with a beta of 0.78s. The stock price is above by 8.15% as contrast to the average price over the last 200 days.
The Progressive Corporation, an insurance holding company, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the United States.
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