Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with Altair Engineering identified as a promising candidate due to its strong growth metrics and favorable rankings [1][2]. Group 1: Earnings Growth - Earnings growth is a critical factor for investors, with double-digit growth being particularly attractive as it indicates strong future prospects [5]. - Altair Engineering has a historical EPS growth rate of 34.3%, with projected EPS growth of 17% for the current year, surpassing the industry average of 13.4% [6]. Group 2: Cash Flow Growth - Higher-than-average cash flow growth is essential for growth-oriented companies, allowing them to expand without relying on external funding [7]. - Altair Engineering's year-over-year cash flow growth stands at 73.8%, significantly higher than the industry average of 9.5% [7]. - The company's annualized cash flow growth rate over the past 3-5 years is 7.8%, compared to the industry average of 3.6% [8]. Group 3: Earnings Estimate Revisions - Positive trends in earnings estimate revisions correlate strongly with near-term stock price movements, making this a valuable metric for investors [9]. - The current-year earnings estimates for Altair Engineering have increased by 11.1% over the past month, indicating a favorable outlook [10]. Group 4: Overall Positioning - Altair Engineering holds a Zacks Rank of 2 (Buy) and a Growth Score of B, positioning it well for potential outperformance in the market [11].

Altair® HyperWorks® platform empowers Cleveland Golf to break free from traditional design limitsTROY, Mich., Nov. 19, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced its latest collaboration with Cleveland Golf, a leading golf equipment manufacturer, on the design of the new HiBore XL Driver. With Altair's advanced simulation and design technology, Cleveland Golf is raising the bar for golf equipment and redefining the limits of driver design. Altair ...

The collaboration, established within Altair's Aerospace Startup Acceleration Program (ASAP), will accelerate product development and slash prototyping costsTROY, Mich., Nov. 13, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, has signed a collaboration agreement with aerospace startup Moya Aero as part of Altair's Aerospace Startup Acceleration Program (ASAP). Within the agreement, Moya Aero will leverage an array of solutions in the Altair® HyperWorks® design and ...

Altair software available to organizations through ESA Partnership Initiative for Commercialisation (EPIC) TROY, Mich., Nov. 12, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, has entered into collaboration agreement with the European Space Agency (ESA) through the ESA Partnership Initiative for Commercialisation (EPIC). Through a letter of intent, Altair's aerospace technology within the Altair® HyperWorks® and Altair® RapidMiner® platforms will be made available ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth ...

Altair Engineering (ALTR) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The ...

Solution empowers engineers with advanced PCB verification tools at no costTROY, Mich., Nov. 7, 2024 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced it is providing engineers access to advanced printed circuit board (PCB) verification tools at no cost with Altair® PollEx™ for ECAD. PollEx for ECAD empowers organizations to streamline design processes, enhance product quality from the earliest stages, and make smarter PCB design decisions. Available as a one-ye ...

NEW YORK, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Altair Engineering Inc. (NASDAQ: ALTR), relating to a proposed merger with Siemens AG. Under the terms of the agreement Altair stockholders will receive $113.00 per share in cash. Click ...

NEW YORK, Nov. 3, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Altair Engineering Inc. (NASDAQ: ALTR), relating to a proposed merger with Siemens AG. Under the terms of the agreement Altair stockholders will receive $113.00 per share in cash.Click here fo ...

NEW YORK, Oct. 31, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Altair Engineering Inc. (NASDAQ: ALTR) and its board of directors concerning the proposed acquisition of the company by Siemens AG. Stockholders will receive $113.00 for each share of Altair Engineering stock that they hold. The transaction is valued at approximately $10.6 billion and is expected to close in the second half of 2025.If you are a stockholder of Altair Engineering Inc. and are intere ...