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Altair Engineering Inc. (ALTR)

Stock Price: $69.76 USD 0.60 (0.87%)
Updated Jul 30, 2021 4:00 PM EDT - Market closed
Market Cap 5.24B
Revenue (ttm) 488.62M
Net Income (ttm) -2.17M
Shares Out 74.65M
EPS (ttm) -0.03
PE Ratio n/a
Forward PE 140.85
Dividend n/a
Dividend Yield n/a
Trading Day July 30
Last Price $69.76
Previous Close $69.16
Change ($) 0.60
Change (%) 0.87%
Day's Open 68.63
Day's Range 68.62 - 69.76
Day's Volume 136,854
52-Week Range 37.24 - 72.16

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TROY, Mich., July 22, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI), w...

1 week ago - GlobeNewsWire

TROY, Mich., July 19, 2021 /PRNewswire/ --  Altair  (Nasdaq: ALTR) announced that Shekar Ayyar has joined Altair's board of directors.

1 week ago - PRNewsWire

Altair Engineering's (ALTR) launch of Altair SmartWorks is set to empower augmented, data-driven decision making.

1 month ago - Zacks Investment Research

TROY, Mich., June 14, 2021 /PRNewswire/ -- Altair  (Nasdaq: ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI) annou...

1 month ago - PRNewsWire

TROY, Mich., June 03, 2021 (GLOBE NEWSWIRE) -- Altair  (Nasdaq: ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI) a...

1 month ago - GlobeNewsWire

TROY, Mich., June 01, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing solutions in the areas of simulation, high-performance computing (HPC), and artificial intelli...

2 months ago - GlobeNewsWire

TROY, Mich., May 26, 2021 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI) announc...

2 months ago - PRNewsWire

Event will feature presentations from NVIDIA, Rolls-Royce, HSBC, Intel, Google, JLR, Microsoft, Oracle, and more TROY, Mich., May 21, 2021 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global technology comp...

2 months ago - PRNewsWire

TROY, Mich., May 20, 2021 (GLOBE NEWSWIRE) -- Altair  (Nasdaq: ALTR), a global technology company providing software and cloud solutions in the areas of simulation, high-performance computing, data anal...

2 months ago - GlobeNewsWire

TROY, Mich., May 10, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing software and cloud solutions in the areas of simulation, high-performance computing (PC), data ...

2 months ago - GlobeNewsWire

TROY, Mich., May 10, 2021 /PRNewswire/ --  Altair (Nasdaq: ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI) announ...

2 months ago - PRNewsWire

Altair Engineering (ALTR) delivered earnings and revenue surprises of 55.00% and 8.03%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Delivers Record Software Revenue and Total Revenue, Exceeding Expectations Delivers Record Software Revenue and Total Revenue, Exceeding Expectations

2 months ago - GlobeNewsWire

Altair enables 97 percent utilization of HPC infrastructure to optimize processing compute-intensive simulations, powering innovation and cutting-edge design  TROY, Mich., May 6, 2021 /PRNewswire/ --  A...

2 months ago - PRNewsWire

TROY, Mich., April 19, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing software and cloud solutions in the area of simulation, high-performance computing (HPC), and...

3 months ago - GlobeNewsWire

Leading innovators driving the future of HPC convergence showcase advanced workload management and acceleration technologies for new time and cost-to-solution gains TROY, Mich., April 19, 2021 /PRNewswi...

3 months ago - PRNewsWire

Altair Engineering (ALTR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

3 months ago - Zacks Investment Research

Altair Engineering (ALTR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

4 months ago - Zacks Investment Research

TROY, Mich., March 17, 2021 (GLOBE NEWSWIRE) -- Altair  (Nasdaq: ALTR), a global technology company providing software and cloud solutions in the areas of simulation, high-performance computing, data an...

4 months ago - GlobeNewsWire

Altair (ALTR) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

4 months ago - Zacks Investment Research

Altair Engineering (ALTR) has been struggling lately, but the selling pressure may be coming to an end soon

4 months ago - Zacks Investment Research

Altair Engineering (ALTR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

4 months ago - Zacks Investment Research

Altair (ALTR) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.

5 months ago - Zacks Investment Research

Altair Engineering (ALTR) delivered earnings and revenue surprises of 950.00% and 16.51%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Record Fourth Quarter and Full Year 2020 Software Product and Total Revenue, Exceeding Expectations

5 months ago - GlobeNewsWire

Software and cloud solutions provider Altair Engineering Inc (NASDAQ: ALTR) acquired integrated flow, heat transfer, and combustion design software Flow Simulator from General Electric Company (NYSE: GE...

5 months ago - Benzinga

Altair and GE Aviation establish strategic engagement to pursue new opportunities TROY, Mich., Feb. 24, 2021 /PRNewswire/ -- Altair, (Nasdaq: ALTR) a global technology company providing software and clo...

5 months ago - PRNewsWire

Now accepting submissions for 9th annual international award showcasing innovation in automotive lightweighting and sustainability TROY, Mich., Feb. 15, 2021 /PRNewswire/ -- Altair, (Nasdaq: ALTR) a glo...

5 months ago - PRNewsWire

TROY, Mich., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing software and cloud solutions in the area of simulation, high-performance computing (HPC), and ...

5 months ago - GlobeNewsWire

TROY, Mich., Feb. 03, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing software and cloud solutions in the areas of simulation, high-performance computing (HPC), and...

5 months ago - GlobeNewsWire

Toggled Distribution Opens in Vancouver Toggled Distribution Opens in Vancouver

6 months ago - GlobeNewsWire

TROY, Mich., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Altair (NASDAQ: ALTR), a global technology company providing software and cloud solutions in the areas of simulation, data analytics, and high-performance ...

6 months ago - GlobeNewsWire

Altair Engineering Inc. (ALTR) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

7 months ago - Zacks Investment Research

An improving economy once widespread COVID-19 vaccinations occur could usher in a new set of software winners, according to a J.P. Morgan analyst.

Other stocks mentioned: ADSK, INTU, WIX
7 months ago - Market Watch

TROY, Mich., Dec. 08, 2020 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing software and cloud solutions in the areas of simulation, data analytics, and high-performance ...

7 months ago - GlobeNewsWire

TROY, Mich., Nov. 30, 2020 (GLOBE NEWSWIRE) -- Altair (NASDAQ: ALTR), a global technology company providing software and cloud solutions in the areas of simulation, data analytics, and high-performance ...

8 months ago - GlobeNewsWire

TROY, Mich., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Altair (NASDAQ: ALTR), a global technology company providing software and cloud solutions in the areas of simulation, data analytics, and high-performance ...

8 months ago - GlobeNewsWire

Altair Engineering (ALTR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

8 months ago - Zacks Investment Research

Altair Engineering's (ALTR) CEO Jim Scapa on Q3 2020 Results - Earnings Call Transcript

8 months ago - Seeking Alpha

Altair Engineering (ALTR) delivered earnings and revenue surprises of 100.00% and 8.67%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

8 months ago - Zacks Investment Research

Next generation solution provides a modern, integrated approach to simulation-driven design for manufacturing (DFM) of injection molded components to reduce costs and delays Next generation solution pro...

8 months ago - GlobeNewsWire

Altair Engineering (ALTR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

9 months ago - Zacks Investment Research

Database to contain thousands of high-quality materials including polymers, metals, and composites, directly connected to Altair's and other major solvers Database to contain thousands of high-quality m...

9 months ago - GlobeNewsWire

TROY, Mich., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing solutions in data analytics, simulation, and high-performance computing (HPC), today announced...

9 months ago - GlobeNewsWire

TROY, Mich., Oct. 22, 2020 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing solutions in data analytics, simulation, and high-performance computing (HPC), will release it...

9 months ago - GlobeNewsWire

Move allows Altair to offer most comprehensive, high-fidelity plastics database on the market Move allows Altair to offer most comprehensive, high-fidelity plastics database on the market

9 months ago - GlobeNewsWire

Altair Engineering's (ALTR) acquisition of Ellexus is set to provide additional storage functionality for high-performing computer solutions.

10 months ago - Zacks Investment Research

Altair Engineering's (ALTR) acquisition of Univa strengthens its position in workload management and cloud enablement for high-performance computing.

10 months ago - Zacks Investment Research

Move Solidifies Altair’s Leadership in Workload Management and Cloud Enablement for High Performance Computing Move Solidifies Altair’s Leadership in Workload Management and Cloud Enablement for High Pe...

10 months ago - GlobeNewsWire

TROY, Mich., Sept. 03, 2020 (GLOBE NEWSWIRE) -- Altair , (Nasdaq: ALTR), a global technology company providing solutions in product development, high performance computing (HPC), and data analytics, ...

10 months ago - GlobeNewsWire

About ALTR

Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence worldwide. The company operates through two segments, Software and Client Engineering Services. Its software segment includes solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and IoT platform and analytics tools, a... [Read more...]

Industry
Software-Infrastructure
IPO Date
Nov 1, 2017
CEO
James Scapa
Employees
3,050
Stock Exchange
NASDAQ
Ticker Symbol
ALTR
Full Company Profile

Financial Performance

In 2020, ALTR's revenue was $469.92 million, an increase of 2.40% compared to the previous year's $458.92 million. Losses were -$10.50 million, 39.2% more than in 2019.

Financial Statements

Analyst Forecasts

According to 8 analysts, the average rating for ALTR stock is "Buy." The 12-month stock price forecast is 70.60, which is an increase of 1.20% from the latest price.

Price Target
$70.60
(1.20% upside)
Analyst Consensus: Buy