Analysts Downgraded Shares of these Technology Companies

Wall St. Watchdog reveals information about companies for which stock analysts downgraded shares in the Technology sector for the week ending October 28th, 2011

  • Rightnow Tech (NASDAQ:RNOW): Wunderlich downgraded its rating on this company from Buy to Hold and changed its price target to $43. About the company: RightNow Technologies, Inc. provides on demand customer relationship management software and services. The Company’s solution uses a self-learning knowledgebase to deliver customer self-service, e-mail management, live interaction, issue tracking, and customer satisfaction measurement capabilities.
  • Aviat Networks (NASDAQ:AVNW): Brigantine downgraded its rating on this company from Buy to Hold. About the company: Aviat Networks Inc. provides IP solutions to wireless public and private telecommunication operators. The Company focuses on IP network migration, building the foundation for 4G/LTE broadband, and enabling wireless transformation.
  • Interactive Intelligence (NASDAQ:ININ): Dougherty & Company downgraded its rating on this company from Buy to Neutral and changed its price target from $45 to $35. Northland Securities downgraded its rating on this company from Outperform to Market Perform and changed its price target to $30. About the company: Interactive Intelligence, Inc. is a global provider of unified IP business communications solutions for enterprises and contact centers.
  • Volterra Semi (NASDAQ:VLTR): Standpoint Research downgraded its rating on this company from Buy to Hold. About the company: Volterra Semiconductor Corp. designs, develops, and markets proprietary, high performance analog and mixed-signal power management semiconductors for the computing, storage, networking and consumer markets. The Company’s core products are integrated-voltage regulator semiconductors and scalable voltage semiconductor chipsets.
  • Yingli Green Energy (NYSE:YGE): Collins Stewart downgraded its rating on this company from Buy to Neutral. About the company: Yingli Green Energy Holding Company Limited designs, manufactures and sells PV modules. The Company also designs, assembles, sells and installs PV systems that are connected to an electricity transmission grid or those that operate on a stand-alone basis.
  • RRSAT Global (NASDAQ:RRST): Oppenheimer downgraded its rating on this company from Outperform to Perform. About the company: RRSat Global Communications Network Ltd. distributes video and audio programming by satellite. The Company serves television and radio broadcasters.
  • First Solar (NASDAQ:FSLR): Kaufman Bros downgraded its rating on this company from Buy to Hold and changed its price target from $152 to $50. About the company: First Solar, Inc. designs and manufactures solar modules. The Company uses a thin film semiconductor technology to manufacture electricity-producing solar modules.
  • AXT (NASDAQ:AXTI): Northland Securities downgraded its rating on this company from Outperform to Market Perform and changed its price target from $12 to $7.5. About the company: AXT, Inc. uses a proprietary crystal growth technique to produce semiconductor substrates for a variety of electronic and optoelectronic applications. The Company’s products are used in wireless and fiber optic telecommunications, lasers, LEDs, satellite solar cells, and consumer electronics.
  • Advanced Micro (NYSE:AMD): Avian downgraded its rating on this company from Positive to Neutral. About the company: Advanced Micro Devices, Inc. manufactures semiconductor products. The Company manufactures products that include microprocessors, embedded microprocessors, chipsets, graphics, video and multimedia products. Advanced Micro Devices, Inc. offers its products on a global basis.
  • Power-One (NASDAQ:PWER): Dougherty & Company downgraded its rating on this company from Buy to Neutral and changed its price target from $6 to $5. About the company: Power-One, Inc. designs and manufactures power conversion products primarily for the communications infrastructure market. The Company sells its products to customers in the communications, automatic test equipment, medical equipment, industrial, transportation, and other electronic equipment industries.

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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