Streetbeat News

ALAB

Astera Labs Inc.

Industry

Semiconductor and Related Device Manufacturing

Open

67.78

Mkt cap

12B

Volume

3.7M

High

72.43

P/E Ratio

-112.78

52-wk high

147.39

Low

67.50

Div yield

N/A

52-wk low

36.22

Astera Labs has been given a 'Buy' rating with a target price of $110 per share due to its strong growth momentum and innovative connectivity solutions. The company's products are crucial for data center market growth, especially in AI and cloud computing. Recent financial results show a 206% year-on-year revenue growth, with future growth expected from new product launches.

Portfolio Pulse from

November 18, 2024 | 7:15 pm

Astera Labs, Inc. (NASDAQ: ALAB) experienced a significant stock price increase of over 25% following the release of strong third-quarter earnings results. The company specializes in semiconductor-based connectivity solutions for cloud and AI infrastructure.

Portfolio Pulse from

November 06, 2024 | 1:30 pm

Astera Labs' recent earnings report has significantly impacted its stock price, suggesting a positive outlook for the company.

Portfolio Pulse from

November 05, 2024 | 11:00 pm

Astera Labs reported strong Q3 earnings, with revenues and EPS significantly beating estimates, causing shares to soar by over 30%. Despite impressive growth, the company's high valuation and sales multiple over 40 make it too expensive for a buy rating. High gross margins and potential for profitability are promising, but dilution and valuation concerns remain.

Portfolio Pulse from

November 05, 2024 | 10:45 pm

Astera Labs (ALAB), a supplier for Nvidia (NVDA), saw its shares surge by 30% following strong Q3 earnings driven by high demand for its AI products.

Portfolio Pulse from

November 05, 2024 | 4:00 pm

Astera Labs, Inc. (NASDAQ:ALAB) held its Q3 2024 earnings call, featuring key company executives and analysts from major financial institutions. The call provided insights into the company's financial performance and strategic direction.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

The article highlights unusual options activity in the Information Technology sector, focusing on trades involving companies like PLTR, MSTR, ALAB, NVDA, CFLT, MU, TWLO, ON, INTC, and AAPL. These trades indicate varying sentiments, from bullish to bearish, and could signal potential trading opportunities.

Portfolio Pulse from Benzinga Insights

November 01, 2024 | 5:37 pm

Market participants are largely expecting a rate cut at the Federal Reserve's November meeting, with a 96% chance of a quarter-point cut. This optimism has led to gains in major indexes like the S&P 500 and Nasdaq 100. However, political uncertainties due to the upcoming presidential election could impact market sentiment.

Portfolio Pulse from Piero Cingari

October 26, 2024 | 12:00 pm

Several large-cap stocks experienced significant gains last week, with notable performances from Astera Labs, Symbotic, MicroStrategy, Affirm Holdings, Uber, Super Micro Computer, Robinhood Markets, Norwegian Cruise Line, Zscaler, Carnival, and Cloudflare. These gains were driven by various factors including product announcements, analyst upgrades, and strategic agreements.

Portfolio Pulse from Lekha Gupta

October 13, 2024 | 2:29 pm

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