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Stock impact report

Altair Engineering: Uninspired Results [Seeking Alpha]

Altair Engineering Inc. - Class A (ALTR) 
Last altair engineering inc. - class a earnings: 2/27 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.altair.com/overview
Company Research Source: Seeking Alpha
Altair Engineering: Uninspired ResultsSummaryAltair Engineering reported its first earnings quarter since going public.While the results represented a modest beat over consensus, Altair remains a low-growth tech stock with few fundamental growth drivers.The stock is already up ~70% over its IPO price of $13/share in early November.Sentiment has also turned negative on Autodesk, a quasi-competitor that just announced a firmwide layoff of 13% of its staff.Despite trading at 4x EV/FTM revenues, Altair's lack of growth and technological innovation make it fairly valued (if not overvalued). Show less Read more
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