Astera Labs, Inc. (ALAB)
| Market Cap | 9.41B |
| Revenue (ttm) | 163.39M |
| Net Income (ttm) | -101.80M |
| Shares Out | 155.47M |
| EPS (ttm) | -0.65 |
| PE Ratio | n/a |
| Forward PE | 124.35 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 845,440 |
| Open | 57.10 |
| Previous Close | 57.54 |
| Day's Range | 56.81 - 60.55 |
| 52-Week Range | 50.61 - 95.21 |
| Beta | n/a |
| Analysts | Strong Buy |
| Price Target | 86.09 (+42.3%) |
| Earnings Date | Aug 25, 2024 |
About ALAB
Astera Labs, Inc. designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform is comprised of a portfolio of data, network, and memory connectivity products, which are built on a unifying software-defined architecture that enables customers to deploy and operate high performance cloud and AI infrastructure at scale. The company was incorporated in 2017 and is based in Santa Clara, California. [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for ALAB stock is "Strong Buy." The 12-month stock price forecast is $86.09, which is an increase of 42.30% from the latest price.
News
Astera Labs Set to Strengthen Global Footprint with Expansion into India
SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs set to enter India to support rapid growth as a leader in purpose-built connectivity solutions for AI and cloud infrastructure.
Astera Labs Appoints Bethany Mayer to Board of Directors
SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs, Inc. (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced the appointment o...
Astera Labs First to Demonstrate End-to-End PCIe over Optics for GPU Clusters Across the Data Center
SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs announces industry's first demonstration of end-to-end PCIe over optics for GPU clusters.
CORRECTING and REPLACING Astera Labs Extends Interoperability Leadership Driving Seamless PCIe 6.x Deployment
SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs extends Cloud-Scale Interop Lab testing to PCIe 6.x, announces new interop lab in Taiwan to facilitate close collaboration with ODMs.
Astera Labs Extends Interoperability Leadership Driving Seamless PCIe 6.x Deployment
SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs extends Cloud-Scale Interop Lab testing to PCIe 6.x, announces new interop lab in Taiwan to facilitate close collaboration with ODMs.
Astera Labs to Participate in J.P. Morgan 52nd Annual Global Technology, Media, and Communications Conference
SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs to Participate in J.P. Morgan 52nd Annual Global Technology, Media, and Communications Conference.
Nvidia Stock Will Lift These Other AI Chip Makers, Says Analyst
Jefferies analysts are upbeat on the artificial-intelligence outlook for Astera Labs, Marvell, Broadcom, and AMD, along with top pick Nvidia.
Astera Labs Stock Drops As High Growth Expectations Outweigh Blowout Quarterly Report
Shares in Astera Labs (ALAB) dropped nearly 7% in premarket trading Wednesday morning even though the maker of artificial intelligence (AI) chip connectivity products surpassed Wall Street's quarterly...
Palantir, Arista Networks, Microsoft, Astera Labs, and Other Tech Stocks in Focus Today
The technology sector is losing momentum as earnings continue to paint a mixed picture, clouded by lofty expectations for AI-exposed shares.
Astera Labs' blowout first earnings report is met with a sagging stock reaction
Despite upbeat results for newly public semiconductor company Astera Labs Inc., its shares were sliding in Tuesday's after-hours action.
Astera Labs Announces Financial Results for the First Quarter of Fiscal Year 2024
SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for cloud and AI infrastructure, today announced preliminary financial r...
Astera Labs Stock Rises as Analysts Say Buy the Stock. It's a ‘Unique Investment.
Needham analyst Quinn Bolton and Deutsche Bank analyst Ross Seymore initiate coverage of Astera Labs with a Buy rating.
Why Astera Labs' stock strikes bulls as a unique buy despite lofty valuation
The first big batch of analysts weighed in on Astera Labs Inc. shares before Monday's open, and the verdict was unanimously bullish.
Astera Labs Announces Conference Call to Review First Quarter 2024 Financial Results
SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs Announces Conference Call to Review First Quarter 2024 Financial Results on May 7, 2024.
Cramer on Astera Labs: It's clearly positioning itself as a new way to play AI theme
'Mad Money' host Jim Cramer does a deep dive into Astera Labs after the company recently went public and shares his outlook for the IPO.
Jim Cramer says newly public Astera Labs is already too expensive
CNBC's Jim Cramer gave investors his take on the valuation of Astera Labs, which debuted on the market last week.
Big week for tech IPOs Reddit, Astera boosts Morgan Stanley after extended lull
Morgan Stanley captured the coveted lead left spot on IPOs for Reddit and Astera Labs this week.
Astera Labs extends gains after stellar debut as investors lap up AI stocks
Astera Labs surged more than 16% on its second day of trading on Thursday, as euphoria over artificial intelligence continued to power the stock, putting the chipmaker on course to add about $1.5 bill...
Astera Labs stock: After stellar IPO, ALAB rides AI wave
Astera Labs, a semiconductor connectivity solutions provider, made a stellar entrance into the stock market with a 72% surge in its share price on its first day of trading. Astera Labs IPO scores big ...
IPO Market Pins Hopes on Astera Labs and Reddit Debuts
Brianne Lynch, Head of Market Insight at EquityZen, explains why the early public-market performance of companies like Astera Labs and Reddit will be a key indicator of the broader appetite for new in...
Astera Labs (ALAB): A New A.I. Chip Play?
Astera Labs stock soared as it started trading today. ALAB opened 46% above IPO at $52.56 per share.
Astera Labs CEO on Nasdaq Listing Day
Astera Labs CEO Jitendra Mohan joins Caroline Hyde and Ed Ludlow on the company's Nasdaq listing day to discuss demand for their AI and cloud infrastructure connectivity solutions. He speaks on "Bloom...
Amazon gets boost from 72% pop in AI company Astera Labs' IPO
Amazon is poised to benefit from the Astera Labs IPO after signing agreements that allow it to buy about 2.3 million shares.
Astera Labs' IPO pops 54%, showing that investor demand for tech with an AI-twist is high
Astera Labs started its life as a public company trading at $52.56 per share, up 46% when the bell rang. The company priced its IPO last night at $36 per share, above its raised price range.
Astera Labs' stock soars, as investors cheer the debut of a new AI chip play
Astera Labs got a warm reception in its Wall Street debut, giving investors yet another hot chip play to consider.