Altair Engineering Inc.

NasdaqGS ALTR

Altair Engineering Inc. Market Capitalization on January 14, 2025: USD 9.42 B

Altair Engineering Inc. Market Capitalization is USD 9.42 B on January 14, 2025, a 34.65% change year over year. Market capitalization represents total company value in stock market; higher suggests larger, more established company.
  • Altair Engineering Inc. 52-week high Market Capitalization is USD 9.42 B on January 14, 2025, which is 0.00% below the current Market Capitalization.
  • Altair Engineering Inc. 52-week low Market Capitalization is USD 6.55 B on March 15, 2024, which is -30.40% below the current Market Capitalization.
  • Altair Engineering Inc. average Market Capitalization for the last 52 weeks is USD 7.77 B.
Key data
Date Market Capitalization Share Price Price to Earnings Ratio (P/E) Price to Sales Ratio (P/S)
Market news
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NasdaqGS: ALTR

Altair Engineering Inc.

CEO Mr. James R. Scapa
IPO Date Nov. 1, 2017
Location United States
Headquarters 1820 East Big Beaver Road
Employees 3,400
Sector Industrials
Industries
Description

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 in two segments, Software and Client Engineering Services. The 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 Internet of Things platform and analytics tools, as well as support and the complementary software products. This segment also offers 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 that focuses on the 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 provides client engineering services. In addition, the company is involved in the development and sale of solid state lighting technology along with communication and control protocols based on its intellectual property for the direct replacement of fluorescent light tubes with LED lamps. Its integrated suite of software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. The company's customers include universities, government agencies, manufacturers, pharmaceutical firms, banking, financial services, and insurance, weather prediction agencies, and electronics design companies. Altair Engineering Inc. was incorporated in 1985 and is headquartered in Troy, Michigan.

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StockViz Staff

January 15, 2025

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