Astera Labs, Inc. (ALAB)

NASDAQ: ALAB · Real-Time Price · USD
97.42
+2.24 (2.35%)
At close: Nov 20, 2024, 4:00 PM
99.85
+2.43 (2.49%)
After-hours: Nov 20, 2024, 7:58 PM EST
2.35%
Market Cap 15.45B
Revenue (ttm) 305.71M
Net Income (ttm) -93.81M
Shares Out 158.61M
EPS (ttm) -0.93
PE Ratio n/a
Forward PE 89.53
Dividend n/a
Ex-Dividend Date n/a
Volume 5,731,793
Open 94.79
Previous Close 95.18
Day's Range 92.17 - 98.77
52-Week Range 36.22 - 100.09
Beta n/a
Analysts Strong Buy
Price Target 93.00 (-4.54%)
Earnings Date Nov 4, 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]

Industry Semiconductors
Sector Technology
IPO Date Mar 20, 2024
Employees 267
Stock Exchange NASDAQ
Ticker Symbol ALAB
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for ALAB stock is "Strong Buy." The 12-month stock price forecast is $93.0, which is a decrease of -4.54% from the latest price.

Price Target
$93.0
(-4.54% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Astera Labs: Connectivity Platform In AI World; Initiate With 'Buy'

Initiating a 'Buy' rating for Astera Labs with a one-year target price of $110 per share due to strong growth momentum and innovative connectivity solutions. Astera Labs's COSMOS software suite and hi...

2 days ago - Seeking Alpha

Intel Slashed Its Stake in This AI Stock Shortly Before It Surged

Intel more than halved its stake in Astera Labs stock in the third quarter, missing out on a paper gain of more than $100 million.

Other symbols: INTC
7 days ago - Barrons

Astera Labs: Soaring On Q3 Earnings Beat

Astera Labs reported strong Q3 earnings, with revenues and EPS significantly beating estimates, causing shares to soar by over 30%. Despite impressive growth, Astera Labs' high valuation, with a sales...

15 days ago - Seeking Alpha

These Analysts Boost Their Forecasts On Astera Labs After Upbeat Results

alab ALAB reported better-than-expected third-quarter EPS and sales on Monday.

15 days ago - Benzinga

Nvidia Supplier Astera Labs Surges on Strong Q3 Results

Astera Labs (ALAB) shares are jumping around 30% Tuesday morning, after the Nvidia (NVDA) supplier reported on Monday strong third-quarter earnings results on the back of demand for its artificial int...

15 days ago - Investopedia

Astera Labs Stock Is Surging. Why the Nvidia Supplier Can Hit a Record High.

Wall Street is unanimous in its love for the stock, which is set to test its all-time high after earnings.

Other symbols: NVDA
15 days ago - Barrons

Astera Labs, Inc. (ALAB) Q3 2024 Earnings Call Transcript

Start Time: 16:30 January 1, 0000 5:32 PM ET Astera Labs, Inc. (NASDAQ:ALAB) Q3 2024 Earnings Call November 04, 2024, 16:30 PM ET Company Participants Jitendra Mohan - CEO and Co-Founder Sanjay Gajen...

16 days ago - Seeking Alpha

Astera Labs Announces Financial Results for the Third Quarter of Fiscal Year 2024

SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs Announces Financial Results for the Third Quarter of Fiscal Year 2024.

16 days ago - Business Wire

Astera Labs: A Hyper Growth Story In Its Early Chapters

The introduction of Scorpio Smart Fabric Switches expands Astera Labs' market opportunity to $12 billion by 2028. Astera Labs could utilize its leading market share in PCIe retimers to grow sales of S...

23 days ago - Seeking Alpha

Global IPO Activity Picking Up But Continues To Lag Other Post-COVID Years

Global IPO activity is recovering but remains below recent years, with 326 IPOs in Q3 2024 totaling $23.32 billion, the lowest since Q1 2019. US IPO activity has increased steadily, with 36 IPOs in Q3...

5 weeks ago - Seeking Alpha

Nvidia Supplier Astera Labs Jumps Over 15%—Here's Why

Astera Labs (ALAB) shares jumped Wednesday after the Nvidia (NVDA) supplier announced new products to support artificial intelligence (AI).

6 weeks ago - Investopedia

Astera Labs Introduces New Portfolio of Fabric Switches Purpose-Built for AI Infrastructure at Cloud-Scale

SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs announces new Scorpio Smart Fabric Switch portfolio purpose-built for demanding AI workloads in accelerated computing platforms at scale.

6 weeks ago - Business Wire

Astera Labs Announces Conference Call to Review Third Quarter 2024 Financial Results

SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs Announces Conference Call to Review Third Quarter 2024 Financial Results.

7 weeks ago - Business Wire

Astera Labs Opens New R&D Hub in Bengaluru to Drive AI and Cloud Innovation

SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs opens new R&D site in Bengaluru and names Dr. Shivananda Koteshwar as Managing Director of the company's India operations.

2 months ago - Business Wire

This Nasdaq Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Other symbols: BYDNDAQNVTSG
2 months ago - Benzinga

Astera Labs to Participate in the Deutsche Bank 2024 Technology Conference

SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced that it will participat...

3 months ago - Business Wire

Astera Labs, Inc. (ALAB) Q2 2024 Earnings Call Transcript

Astera Labs, Inc. (NASDAQ:ALAB) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Leslie Green - IR Jitendra Mohan - CEO Sanjay Gajendra - President and COO Mike Tate - ...

3 months ago - Seeking Alpha

Astera Labs Announces Financial Results for the Second Quarter of Fiscal Year 2024

SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs Announces Financial Results for the Second Quarter of Fiscal Year 2024.

3 months ago - Business Wire

Astera Labs: Powering The Future Of AI

Astera Labs is well-positioned to benefit from the growth of the AI industry thanks to its products that are critical for data centers. Astera Labs has relationships with key players in the data cente...

4 months ago - Seeking Alpha

Astera Labs Announces Conference Call to Review Second Quarter 2024 Financial Results

SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs Announces Conference Call to Review Second Quarter 2024 Financial Results.

4 months ago - Business Wire

Astera Labs: Emphasizing The Data Bottleneck Remover Role In Gen AI

For those looking for an alternative way to invest in Gen AI, Astera Labs trades at a much lower price to sales than Nvidia. The reason is the traction it is seeing for its connectivity products, whic...

5 months ago - Seeking Alpha

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.

5 months ago - Business Wire

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...

5 months ago - Business Wire

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.

5 months ago - Business Wire

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.

6 months ago - Business Wire