Altair Engineering Inc. (ALTR)
Market Cap | 8.17B |
Revenue (ttm) | 619.58M |
Net Income (ttm) | 9.58M |
Shares Out | 83.03M |
EPS (ttm) | 0.12 |
PE Ratio | 820.08 |
Forward PE | 77.85 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 340,052 |
Open | 97.81 |
Previous Close | 97.54 |
Day's Range | 96.54 - 98.82 |
52-Week Range | 57.59 - 100.79 |
Beta | 1.46 |
Analysts | Buy |
Price Target | 94.60 (-3.87%) |
Earnings Date | Aug 1, 2024 |
About ALTR
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation and design, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. It operates in two segments, Software and Client Engineering Services. The Software segment offers solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and Internet ... [Read more]
Financial Performance
In 2023, ALTR's revenue was $612.70 million, an increase of 7.07% compared to the previous year's $572.22 million. Losses were -$8.93 million, -79.45% less than in 2022.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for ALTR stock is "Buy." The 12-month stock price forecast is $94.6, which is a decrease of -3.87% from the latest price.
News
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Altair Signs Agreement to Acquire Metrics Design Automation Inc. Expands Footprint in EDA Industry
TROY, Mich., July 01, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced it has entered into a definitive agreement to acquire all of the outstand...
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Altair Announces Material Collaboration with HP Inc.
HP data will bolster Altair ® Material Data Center™ bridging gap between design and production of 3D-printed parts TROY, Mich. , June 24, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader ...
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Altair Named a Leader in the June 2024 Gartner® Magic Quadrant™ for Data Science and Machine Learning Platforms
Altair recognized in the report's Leaders' Quadrant for Completeness of Vision and Ability to Execute TROY, Mich. , June 20, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computatio...
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Altair Added to S&P MidCap 400
TROY, Mich. , June 20, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, was added to the S&P MidCap 400 by S&P Dow Jones Indices effective prior to the open...
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Altair One® Cloud Innovation Gateway Now Available on Google Cloud Marketplace
Addition will expand access to Altair's digital engineering experience TROY, Mich. , June 17, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced tha...
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Altair's Leading Computational Intelligence Technology Drives NYYC American Magic Team's Quest to Win the 37th America's Cup
TROY, Mich. , June 12, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, is thrilled to showcase the highlights of its role as the official computational scien...
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Altair Announces ATCx AI for Engineers 2024 Global Virtual Event
Event will showcase AI-driven innovations in design, simulation, and manufacturing TROY, Mich. , June 10, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR) a global leader in computational intelligence, ann...
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Altair to Present at Upcoming Investor Conferences
TROY, Mich., May 23, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, today announced that Matt Brown, chief financial officer, will present in a fireside...
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Altair Earns ISO/IEC27001:2022 Certification for Global Operations
Certification cements Altair's commitment to global information security TROY, Mich. , May 15, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, has earned t...
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Altair Acquires Research in Flight, Forging a New Path for Aerodynamic Analysis
Flagship solution, FlightStream®, pushes the boundaries of modern computational techniques TROY, Mich., May 1, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR) a global leader in computational intelligence,...
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Altair Kicks Off Season Five of the Future Says Podcast
Covering an array of topics and trends, podcast's fifth season features guests from, McKinsey & Co., Hyatt, Nokia, John Deere, EY, and more. TROY, Mich.
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Altair Announces Date of First Quarter 2024 Financial Results Conference Call
TROY, Mich., April 18, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, will release its financial results for the first quarter ended March 31, 2024, aft...
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Altair Acquires Cambridge Semantics, Powering Next-Generation Enterprise Data Fabrics and Generative AI
Acquisition expands Altair's data analytics and AI offerings TROY, Mich., April 18, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR) a global leader in computational intelligence, acquired Cambridge Seman...
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Altair to Showcase AI-Powered Engineering Capabilities at Hannover Messe 2024
Key topics will include democratizing AI, supercharging data-driven manufacturing, and more TROY, Mich. , April 10, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelli...
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Altair Wins 2024 Google Cloud North America Partner of the Year Award for Diversity, Equity, and Inclusion
Award recognizes Google Cloud partner that best prioritized DEI initiatives to transform and strengthen their organization TROY, Mich. , April 9, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global...
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Altair SimSolid Transforms Simulation for Electronics Industry
Revolutionary multi-disciplinary solver for printed circuit boards (PCB) and integrated circuits (IC) TROY, Mich. , March 20, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computation...
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Altair Announces Fourth Quarter and Full Year 2023 Financial Results
TROY, Mich., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, today released its financial results for the fourth quarter and full year ended Dec...
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Altair Expands Defense and Healthcare and Life Sciences Segment Leadership
Appointment of Caroline Phares and Chip Colbert to bolster Altair's industry expertise TROY, Mich. , Feb. 22, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence,...
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2024 Altair Enlighten Award Open for Entries
Award spotlights the automotive industry's finest innovations in sustainable, lightweight design TROY, Mich., Feb. 20, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational inte...
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Altair Announces Date of Fourth Quarter and Full Year 2023 Financial Results Conference Call
TROY, Mich., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the fourth quarter an...
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Altair To Host Investor Day on Wednesday, March 20, 2024
TROY, Mich., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced that it will host an Investor Day on Wednesd...
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Altair Announces Future.Industry 2024 Global Flagship Event
Virtual event will explore the "Science of Possibility" and bring together thought leaders, industry experts, and visionaries to explore tomorrow TROY, Mich. , Jan. 4, 2024 /PRNewswire/ -- Altair (Nas...
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Research consortium of Altair, JLR, and Danecca awarded funding through the Faraday Battery Challenge to create a new design process for electric vehicles
Altair to provide simulation and data analytics tools, and expertise to expedite breakthrough results TROY, Mich. , Dec. 7, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational...
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Altair Technology Now Available to More Than 3,500 Teams in the FIRST® Robotics Competition Kit of Parts
All competing teams now have free access to Altair technology, including leading tools like Altair® RapidMiner® and Altair® Inspire™ TROY, Mich. , Dec. 5, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a...
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Launch of Altair® RapidMiner® 2023 Platform Delivers Next-Generation Generative AI Capabilities
Updates include auto-clustering, expanded SAS, Python, and R coding capabilities, and more TROY, Mich. , Nov. 28, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science a...