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, as well as support and complementary software products. This segment also provides software technologies in the areas of computational fluid dynamics and fatigue, manufacturing process simulation, and cost estimation for the applications in marine, motorcycle, aerospace, chemical, and architecture industries; and software-related services, such as consulting, implementation, and training services focused on product design and development expertise and analysis from the component level up to complete product engineering at various stage of the lifecycle. The Client Engineering Services segment offers client engineering services. Its integrated suite of software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. Altair Engineering Inc. was founded in 1985 and is headquartered in Troy, Michigan.
IPO Year: 2017
Exchange: NASDAQ
Website: altair.com
Date | Price Target | Rating | Analyst |
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2/23/2024 | $74.00 → $88.00 | Buy → Neutral | Rosenblatt |
12/22/2023 | $86.00 | Overweight | JP Morgan |
5/5/2023 | $44.00 → $67.00 | Sell → Neutral | Goldman |
11/16/2022 | $60.00 | Buy | Needham |
8/17/2022 | $70.00 | Outperform | Wolfe Research |
7/27/2022 | $60.00 | Outperform | Oppenheimer |
6/27/2022 | $62.00 → $41.00 | Neutral → Sell | Goldman |
3/7/2022 | $78.00 → $67.00 | Neutral | Goldman Sachs |
11/9/2021 | $95.00 | Buy | Loop Capital |
11/5/2021 | Neutral | Griffin Securities |
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Metrics is a Canadian company with a game changing simulation as a service (SaaS) business model for semiconductor electronic functional simulation and design verification.
HP will provide Altair with proprietary material information that will bolster the Altair Material Data Center, which enables designers, engineers, and scientists to browse, search, and compare materials in a standalone application or through the interface of their simulation and optimization tools.
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 of trading on Monday, June 24. "Being added to the S&P 400 represents a significant milestone in Altair's journey as a public company," said James R. Scapa, founder and chief executive officer, Altair. "It is a testament to our strong and steady growth and our demonstrated leadership in simulation and design, data analytics and AI, and high-performance computing." The S&P 400 serves as a benchmark for mid-sized companies. The index is designed to measure the performance of 400 mid-sized companies, reflecting the distinctive risk and retu
Rosenblatt analyst Blair Abernethy maintains Altair Engineering (NASDAQ:ALTR) with a Neutral and maintains $88 price target.
Needham analyst Charles Shi reiterates Altair Engineering (NASDAQ:ALTR) with a Buy and maintains $100 price target.
Altair Engineering (NASDAQ:ALTR) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.34 by 17.65 percent. The company reported quarterly sales of $172.900 million which beat the analyst consensus estimate of $169.276 million by 2.14 percent. This is a 4.14 percent increase over sales of $166.034 million the same period last year.
Analysts' ratings for Altair Engineering (NASDAQ:ALTR) over the last quarter vary from bullish to bearish, as provided by 7 analysts. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 1 1 0 0 3M Ago 0 1 2 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $93.0, with a high estimate of $100.00 and a low estimate of
Rosenblatt downgraded Altair Engineering from Buy to Neutral and set a new price target of $88.00 from $74.00 previously
JP Morgan initiated coverage of Altair Engineering with a rating of Overweight and set a new price target of $86.00
Goldman upgraded Altair Engineering from Sell to Neutral and set a new price target of $67.00 from $44.00 previously
Needham initiated coverage of Altair Engineering with a rating of Buy and set a new price target of $60.00
Wolfe Research initiated coverage of Altair Engineering with a rating of Outperform and set a new price target of $70.00
Oppenheimer initiated coverage of Altair Engineering with a rating of Outperform and set a new price target of $60.00
Goldman downgraded Altair Engineering from Neutral to Sell and set a new price target of $41.00 from $62.00 previously
Goldman Sachs reiterated coverage of Altair Engineering with a rating of Neutral and set a new price target of $67.00 from $78.00 previously
Loop Capital initiated coverage of Altair Engineering with a rating of Buy and set a new price target of $95.00
Griffin Securities initiated coverage of Altair Engineering with a rating of Neutral
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NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
TROY, Mich., Nov. 2, 2022 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence (AI), announced that Ravi Kunju has been named Altair's chief product and strategy officer. In this role, Kunju will be responsible for the strategy and vision of Altair products, which includes facilitating the development, sales, pricing, and marketing of Altair's solutions for industry verticals and business lines. "For nearly 25 years, Ravi has been an indispensable member in so many areas of our organization, and I am certain that he will co
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TROY, Mich., May 02, 2024 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, today released its financial results for the first quarter ended March 31, 2024. "Altair continued its positive momentum into the start of 2024, with record-high quarterly software revenue and total revenue," said James R. Scapa, founder, chairman, and chief executive officer, Altair. "The first quarter exceeded our expectations and demonstrates the strength of our product portfolio in bringing computational intelligence to our customers." "The start of this year has been marked by strong execution, setting new records in software revenue and total revenue in the first quart
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, announced it has acquired Research in Flight, maker of FlightStream®, which provides computational fluid dynamics (CFD) software with a large footprint in the aerospace and defense sector and a growing presence in marine, energy, turbomachinery, and automotive applications. FlightStream® is a user-friendly, yet powerful flow solver that bridges the gap between high-fidelity CFD si
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, after the market close on Thursday, May 2, 2024. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's first quarter 2024 results and second quarter and full year 2024 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What:Altair's First Quarter 2024 Financial Results Conference CallWhen:Thursday, May 2, 2024Time:5 p.m. ETWebcast:http://investor.altair.com (live and r
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 Semantics, a modern data fabric provider and creator of one of the industry's leading analytical graph databases. Cambridge Semantics' graph-powered data fabric technology accelerates the creation of comprehensive enterprise knowledge graphs, integrating the complex web of structured and unstructured enterprise data together into a single, simplified view. Bringing together Cambridge Sema
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 December 31, 2023. "Altair finished 2023 with a strong fourth quarter, notching record-high revenue and profit for the quarter and full-year," said James R. Scapa, founder, chairman and chief executive officer of Altair. "We are seeing strong momentum across a number of verticals, where computational intelligence is becoming increasingly important. We are excited about our recent and upcoming product releases and believe that our investments in engineering AI are positioning us as a leader in t
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 and fiscal year ended December 31, 2023, after the market close on Thursday, February 22, 2024. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's fourth quarter and full year 2023 results and 2024 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What:Altair's Fourth Quarter and Full Year 2023 Financial Results Conference CallWhen:Thursday, February 22, 2024Time:
TROY, Mich., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence, today released its financial results for the third quarter and nine months ended September 30, 2023. "The third quarter of 2023 was excellent for Altair, with software product revenue and total revenue again above the high end of guidance," said James Scapa, founder, chairman and chief executive officer of Altair. "Our Q3 performance demonstrates the power and veracity of our vision for the convergence of computational science and AI across industries and verticals including engineering, scientific discovery, and business." "Fiscal 2023 continues to p
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 ended September 30, 2023, after the market close on Thursday, November 2, 2023. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's third quarter 2023 results and fourth quarter and full year 2023 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What:When:Time:Webcast:Altair's Third Quarter 2023 Financial Results Conference CallThursday, November 2, 20235 p.m. ETh
TROY, Mich., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence, today released its financial results for the second quarter and six months ended June 30, 2023. "Altair had a solid second quarter of 2023, with software product revenue and total revenue above the high end of guidance," said James Scapa, founder, chairman and chief executive officer of Altair. "Our Q2 performance aligns well with our guidance for the full year and demonstrates our continued success and strength." "We're pleased with the outperformance we've seen in the first half of the year," said Matt Brown, chief financial officer of Altair. "Our
TROY, Mich., July 20, 2023 (GLOBE NEWSWIRE) -- Altair (NASDAQ:ALTR), a global leader in computational science and artificial intelligence, will release its financial results for the second quarter ended June 30, 2023, after the market close on Thursday, August 3, 2023. On that day, management will hold a conference call and webcast at 5 p.m. ET to review and discuss the Company's second quarter 2023 results and third quarter and full year 2023 outlook. A recorded version of this webcast will be available after the call and accessible at http://investor.altair.com. What: Altair's Second Quarter 2023 Financial Results Conference CallWhen: Thursday, August 3, 2023Time:5 p.m. ETWebcast:http:/
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 outstanding capital stock of Metrics Design Automation Inc. (Metrics), a Canadian company with a game changing simulation as a service (SaaS) business model for semiconductor electronic functional simulation and design verification. Closing of the transaction is subject to customary conditions. The Metrics digital simulator, DSim, when combined with Altair's Silicon Debug Tools, will deliver a world-class, advanced simulation environment with superior simulation and debug capabilities in the
Flagship product, DSim, is the first-of-its-kind EDA simulation as a service solution TROY, Mich., July 1, 2024 /PRNewswire/ -- Altair (NASDAQ:ALTR), a global leader in computational intelligence, announced it has entered into a definitive agreement to acquire all of the outstanding capital stock of Metrics Design Automation Inc. (Metrics), a Canadian company with a game changing simulation as a service (SaaS) business model for semiconductor electronic functional simulation and design verification. Closing of the transaction is subject to customary conditions. The Metrics dig
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 in computational intelligence, has signed an agreement with HP Inc. in which HP will provide Altair with proprietary material information that will bolster the Altair® Material Data Center™, which enables designers, engineers, and scientists to browse, search, and compare materials in a standalone application or through the interface of their simulation and optimization tools. The collaboration will help break down traditional barriers to 3D printing adoption and ultimately help customers better desi
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 computational intelligence, today announced that it has been positioned by Gartner as a Leader in the Magic Quadrant for Data Science and Machine Learning Platforms for its offering, Altair® RapidMiner®. The evaluation was based on specific criteria that analyzed the company's overall Completeness of Vision and Ability to Execute. According to the report, "Leaders in this market have a mature,
TROY, Mich., June 20, 2024 (GLOBE NEWSWIRE) -- 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 of trading on Monday, June 24. "Being added to the S&P 400 represents a significant milestone in Altair's journey as a public company," said James R. Scapa, founder and chief executive officer, Altair. "It is a testament to our strong and steady growth and our demonstrated leadership in simulation and design, data analytics and AI, and high-performance computing." The S&P 400 serves as a benchmark for mid-sized companies. The index is designed to measure the performance of 400 mid-sized com
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 that Altair One®, Altair's cloud innovation gateway, is now available on Google Cloud Marketplace, opening up a world of possibilities for users seeking seamless access to powerful simulation, data analytics, and high-performance computing (HPC) capabilities. Altair One is designed for collaborative engineering, data engineering, and analytical application development. Built on a robust
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 science and artificial intelligence (AI) partner for the New York Yacht Club (NYYC) American Magic team ahead of its quest for victory in the 37th America's Cup, beginning August 22. Throughout the development cycle for the 37th America's Cup, Altair's computational fluid dynamics (CFD), structural analysis, data analytics, and high-performance computing (HPC) technology has transformed
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, announced its ATCx AI for Engineers 2024 global virtual event will be held on June 20. The event will bring together design, simulation, and manufacturing engineers from around the world to explore the transformative potential of artificial intelligence (AI) in product development. The event features an impressive lineup of speakers and panelists from some of the world's leading compani
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
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 chat at each of the following investor conferences: Event:William Blair Growth Stock ConferenceWhen:Wednesday, June 5, 2024Location:Chicago, ILTime:12:40 p.m. CT (1:40 p.m. ET) Event:Baird Global Consumer, Technology & Services ConferenceWhen:Thursday, June 6, 2024Location:New York, NYTime:11:25 a.m. ET Event:NASDAQ London Investor Conference in Partnership with JefferiesWhen:Tuesday, June 11, 2024Location: London, ENGTime:2:00 p.m. BST (9:00 a.m. ET) A live webcast, as well as a replay, o