13-May-2024
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Altair Announces First Quarter 2024 Financial Results
Globe Newswire (Thu, 2-May 4:05 PM ET)
Altair Acquires Research in Flight, Forging a New Path for Aerodynamic Analysis
PRNewswire (Wed, 1-May 7:00 AM ET)
Altair Kicks Off Season Five of the Future Says Podcast
PRNewswire (Tue, 23-Apr 7:00 AM ET)
Altair Announces Date of First Quarter 2024 Financial Results Conference Call
Globe Newswire (Thu, 18-Apr 4:05 PM ET)
PRNewswire (Thu, 18-Apr 7:00 AM ET)
Altair to Showcase AI-Powered Engineering Capabilities at Hannover Messe 2024
PRNewswire (Wed, 10-Apr 7:00 AM ET)
PRNewswire (Tue, 9-Apr 7:00 AM ET)
Altair SimSolid Transforms Simulation for Electronics Industry
PRNewswire (Wed, 20-Mar 1:00 PM ET)
Altair Announces Fourth Quarter and Full Year 2023 Financial Results
Globe Newswire (Thu, 22-Feb 4:05 PM ET)
Altair Expands Defense and Healthcare and Life Sciences Segment Leadership
PRNewswire (Thu, 22-Feb 7:00 AM ET)
Altair Engineering Inc is a provider of enterprise-class engineering software enabling origination of the entire product lifecycle from concept design to in-service operation. The integrated suite of software provided by the company optimizes design performance across multiple disciplines encompassing structures, motion, fluids, thermal management, system modeling, and embedded systems. It operates through two segments: Software which includes the portfolio of software products such as solvers and optimization technology products, modeling and visualization tools, industrial and concept design tools, and others; and Client Engineering Services which provides client engineering services to support customers. Majority of its revenue comes from the software segment.
Altair Engineering - Class A trades on the NASDAQ stock market under the symbol ALTR.
As of May 13, 2024, ALTR stock price declined to $85.47 with 258,996 million shares trading.
ALTR has a beta of 1.85, meaning it tends to be more sensitive to market movements. ALTR has a correlation of 0.47 to the broad based SPY ETF.
ALTR has a market cap of $7.05 billion. This is considered a Mid Cap stock.
Last quarter Altair Engineering - Class A reported $173 million in Revenue and $.40 earnings per share. This beat revenue expectation by $4 million and exceeded earnings estimates by $.06.
In the last 3 years, ALTR stock traded as high as $92.92 and as low as $43.17.
The top ETF exchange traded funds that ALTR belongs to (by Net Assets): VTI, VB, IWM, VXF, VBK.
ALTR has underperformed the market in the last year with a price return of +24.7% while the SPY ETF gained +27.8%. ALTR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.4% and +2.3%, respectively, while the SPY returned +4.3% and +2.5%, respectively.
ALTR support price is $84.03 and resistance is $87.25 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALTR stock will trade within this expected range on the day.