Altair Added to S&P MidCap 400
Rhea-AI Summary
Altair (Nasdaq: ALTR), a leader in computational intelligence, has been added to the S&P MidCap 400, effective June 24, 2024. This inclusion marks a significant milestone for Altair, demonstrating its steady growth and leadership in simulation and design, data analytics, AI, and high-performance computing. The S&P MidCap 400 index benchmarks mid-sized companies, highlighting their unique risk and return profiles. CEO James R. Scapa regards this achievement as a testament to Altair's strong market position.
Positive
- Inclusion in the S&P MidCap 400, enhancing visibility and credibility.
- Recognition of strong and steady growth.
- Acknowledgment of leadership in simulation, design, data analytics, AI, and high-performance computing.
Negative
- None.
News Market Reaction – ALTR
In the trading session that priced this news, ALTR declined 2.06%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 companies, reflecting the distinctive risk and return characteristics of this market segment.
For more information about Altair, visit www.altair.com.
About Altair
Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.
| Media contacts | |
| Altair Corporate Bridget Hagan +1.216.769.2658 corp-newsroom@altair.com | Altair Investor Relations Stephen Palmtag +1.669.328.9111 ir@altair.com |
| Altair Europe/The Middle East/Africa Charlotte Hartmann +49 7031 6208 0 emea-newsroom@altair.com | |
