Streetbeat News

ALAB

Astera Labs Inc.

Industry

Semiconductor and Related Device Manufacturing

Open

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Mkt cap

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Volume

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High

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P/E Ratio

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52-wk high

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Low

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Div yield

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52-wk low

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Astera Labs reported Q2 2024 revenue of $76.9 million and an adjusted EPS of $0.13.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:07 pm

Evercore ISI Group analyst Mark Lipacis maintains an Outperform rating on Astera Labs (NASDAQ:ALAB) but lowers the price target from $98 to $80.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:30 am

Needham analyst Quinn Bolton maintains a Buy rating on Astera Labs (NASDAQ:ALAB) but lowers the price target from $85 to $65.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 11:27 am

Stifel analyst Tore Svanberg maintains a Buy rating on Astera Labs (NASDAQ:ALAB) but lowers the price target from $87 to $80.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 10:54 am

Shares of chip stocks are trading lower amid overall market weakness, with recent earnings from large names in the sector potentially contributing to the decline.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 6:00 pm

Today's session saw significant options activity involving major IT stocks, with notable trades in NVDA, AMD, AAPL, MSFT, INTC, SMCI, ALAB, DELL, SNOW, and ASML. These trades, tracked by Benzinga's options activity scanner, indicate varying sentiments from bullish to bearish, potentially impacting short-term stock prices.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 5:35 pm

Shares of companies within the broader technology sector are trading lower amid a selloff in chips and AI-related stocks.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 7:09 pm

A JPMorgan survey indicates a significant increase in AI infrastructure investment, forecasting robust growth for semiconductor companies like Nvidia, AMD, Broadcom, Marvell, and Arm. Over 75% of CIOs plan to allocate more than 5% of their IT budgets to AI hardware within three years, driving a 45% CAGR in AI spending. Cloud spending is also set to rise, benefiting companies like Intel, Micron, and Western Digital.

Portfolio Pulse from Surbhi Jain

June 28, 2024 | 2:28 pm

Astera Labs, Inc. (NASDAQ:ALAB) is expanding its operations to India by opening a new R&D center in Bangalore. This move aims to leverage the region's engineering talent to develop advanced interconnect technologies for AI and cloud infrastructure.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 7:26 am

JPMorgan's 52nd annual Global Technology, Media, and Communications Conference highlighted an optimistic outlook for the semiconductor industry, driven by cyclical improvements and AI demand. Companies like AMD, Micron, and Arm are expected to benefit from this upcycle, with strong demand for AI infrastructure and memory products.

Portfolio Pulse from Surbhi Jain

May 23, 2024 | 4:09 pm

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