Altair Engineering Inc. (ALTR)
| Market Cap | 6.87B |
| Revenue (ttm) | 601.63M |
| Net Income (ttm) | -16.54M |
| Shares Out | 81.66M |
| EPS (ttm) | -0.20 |
| PE Ratio | n/a |
| Forward PE | 71.38 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 263,403 |
| Open | 84.04 |
| Previous Close | 84.42 |
| Day's Range | 83.05 - 84.89 |
| 52-Week Range | 45.02 - 84.92 |
| Beta | 1.47 |
| Analysts | Buy |
| Price Target | 74.86 (-11.04%) |
| Earnings Date | Feb 22, 2024 |
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 in the United States and internationally. The company 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 of... [Read more]
Financial Performance
In 2022, ALTR's revenue was $572.22 million, an increase of 7.52% compared to the previous year's $532.18 million. Losses were -$43.43 million, 393.8% more than in 2021.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for ALTR stock is "Buy." The 12-month stock price forecast is $74.86, which is a decrease of -11.04% from the latest price.
News
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...
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...
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...
Altair Announces Next-Generation Altair® HPCWorks™ 2024
Upgrades deliver powerful scheduling capabilities, cloud and AI integration, and HPC monitoring and reporting TROY, Mich. , Nov. 14, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in comp...
Altair to Present at the RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference
TROY, Mich., Oct. 31, 2023 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced that Matt Brown, chief financial officer, wi...
Altair Announces Date of Third Quarter 2023 Financial Results Conference Call
TROY, Mich., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the third quarter end...
Altair Releases Altair® HyperWorks® 2023
Landmark release in open computer-aided engineering (CAE) environment TROY, Mich. , Oct. 18, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelli...
Altair Enhances Leadership in Optimization Technology by Acquiring OmniQuest
TROY, Mich. , Oct. 2, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), acquired OmniQuest, a Novi, Mich.
Altair Wins Awards from Fortune and Newsweek Recognizing Employer Excellence
Altair was named to Newsweek's "America's 100 Most Loved Workplaces" list and Fortune's "Best Workplaces in Technology" list for 2023 TROY, Mich., Sept. 27, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR)...
Altair and EMA Design Automation Announce Integration of Ultra Librarian into Altair ECAD Verification and Multiphysics Solutions
Ultra Librarian gives Altair users access to more than 16 million symbols, footprints, and 3D models TROY, Mich., Sept. 19, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computation...
Altair to Present at the Goldman Sachs Communacopia + Technology Conference
TROY, Mich., Aug. 31, 2023 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced that James R. Scapa, chairman and chief exec...
Altair SLC Now Available on Google Cloud Marketplace
Altair SLC is an alternative SAS language environment that reduces costs and improves efficiency TROY, Mich. , Aug. 22, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational sc...
Altair Global Survey Reveals Growing Impact of Digital Twin Technology in Banking, Financial Services, and Insurance Industries
Data highlights sector's broad use of digital twins for behavior modeling, personalization, fraud prevention, and more TROY, Mich. , Aug. 15, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global lead...
Altair to Present at the Rosenblatt 3rd Annual Technology Summit
TROY, Mich., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, will participate in a fireside chat at the Rosenblatt 3rd An...
Altair Announces Winners of 2023 Altair Enlighten Award
Polestar, Toyota, Marelli, and others among winners creating a more sustainable, lightweight future TROY, Mich. , Aug. 1, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational s...
Altair Expands Digital Engineering Technology with Acquisition of OmniV
TROY, Mich., July 27, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), acquired OmniV, a technology out of XLDyn, a product develo...
Altair Named to 2023 Fortune Best Workplaces for Millennials List
TROY, Mich. , July 25, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), was honored as one of the 2023 Best Workplaces for Millenn...
Altair Named to Newsweek's List of the Most Loved Workplaces for 2023
Altair included among the top 100 U.S. companies recognized for employee sentiment and satisfaction TROY, Mich. , June 13, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computationa...
Altair Global Survey Reveals Significant Opportunities to Improve Efficiency, Scale, and Success of Enterprise AI and Data Projects
Survey identifies opportunities to remove organizational, technological, and financial friction TROY, Mich. , June 6, 2023 /PRNewswire/ -- Altair (NASDAQ: ALTR), a global leader in computational...
Altair to Present at the William Blair Growth Stock Conference
TROY, Mich., May 31, 2023 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced that James R. Scapa, chairman and chief execu...
Altair Announces Release of Simulation 2022.3 Software Update
New features deliver enhanced cloud collaboration, efficient end-to-end simulation workflows, and superior design creation with AI-powered simulation TROY, Mich. , May 23, 2023 /PRNewswire/ -- Altair ...
Altair's Toggled Survey Reveals Overwhelming Adoption Rates for Smart Building Tech, Significant Headroom Remains for Data Analytics in Facilities Management
78% of businesses have adopted smart building tech to drive energy efficiency, lower costs, decrease carbon emissions, and manage return to work – yet gaps still exist TROY, Mich., May 19, 2023 /PRNew...
Altair Establishes $225,000 Scholarship at the University of Michigan-Dearborn
Scholarships will be awarded to undergraduate students pursuing a STEM-related degree TROY, Mich. , May 11, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and art...
Altair Named Overall Leader in Latest ABI Research Report
Altair hailed as top innovator in the manufacturing data analytics sector TROY, Mich. , May 9, 2023 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial int...
Altair to Present at Upcoming Investor Conferences
TROY, Mich., May 05, 2023 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, will participate in fireside chats at the following investor ...