Astera Labs, Inc. (ALAB)
| Market Cap | 10.90B |
| Revenue (ttm) | 163.39M |
| Net Income (ttm) | -101.80M |
| Shares Out | 155.47M |
| EPS (ttm) | -0.65 |
| PE Ratio | n/a |
| Forward PE | 274.60 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,825,690 |
| Open | 71.14 |
| Previous Close | 70.06 |
| Day's Range | 68.89 - 74.19 |
| 52-Week Range | 50.61 - 95.21 |
| Beta | n/a |
| Analysts | Strong Buy |
| Price Target | 86.09 (+22.85%) |
| Earnings Date | May 7, 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 22.85% from the latest price.
News
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.
Astera Labs shares jump 46% on strong Nasdaq debut
Shares of Astera Labs jumped 46% on their Nasdaq debut on Wednesday, giving the chip firm a market capitalization of $8.02 billion.
Astera Labs goes public, and the Inflection-Microsoft AI saga continues
Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, focused on startup and venture c...
Astera Labs Prices IPO. It's an AI Infrastructure Play at a Hefty Valuation.
Astera Labs has priced its initial public offering, indicating a valuation of around $5.5 billion. The company operates in the hot area of artificial-intelligence infrastructure but the price tag stil...
Astera Labs seeks to raise around $713 mln in IPO at $5.5 bln valuation
Chip firm Astera Labs on Tuesday set the pricing of its initial public offering (IPO) of 19.8 million shares at $36 apiece, aiming to raise around $712.8 million.
Astera Labs prices IPO at $36 a share, well above target range
Wall Street is about to get a new way to play the intersection between chips and artificial intelligence.
Astera Labs Announces Pricing of Initial Public Offering
SANTA CLARA, Calif.--(BUSINESS WIRE)--Astera Labs Announces Pricing of Initial Public Offering.
Astera Labs IPO will reveal how much investors want in on AI
While the technology world breathlessly awaits Reddit's public debut, another company you might never have heard of is about to go public: Astera Labs.