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

The AI industry is poised for a wave of mergers and acquisitions (M&A) as companies running low on funds look for exits, with Astera Labs' recent IPO being an exception. Hugging Face's CEO highlighted the risky bets and financial struggles within the sector. The lack of widespread AI application and high operating costs are pushing smaller firms towards consolidation with larger entities. Qualcomm is participating in an upcoming AI summit, indicating interest in the evolving AI landscape. OpenAI's release of GPT-4o suggests advancements in AI technology, while the overall M&A activity in AI has already exceeded last year's total, with $35 billion spent across 104 deals.

Portfolio Pulse from Natan Ponieman

May 14, 2024 | 6:31 pm

Last week saw significant declines in the stock prices of 10 large-cap companies, with EPAM Systems leading the losses at 24.6% due to a reduction in FY24 revenue guidance. Other notable declines included Shopify, Roblox Corporation, and Builders FirstSource, each suffering from negative earnings reports or weak guidance. Analysts have responded by trimming price targets on these stocks.

Portfolio Pulse from Lekha Gupta

May 12, 2024 | 5:29 pm

Jim Cramer recommended buying Cloudflare (NET) citing upbeat earnings and Cognex (CGNX) for its niche market. He praised KKR (KKR) and Blackstone (BX) for their performance, despite typically avoiding such recommendations. Cramer advised waiting on Astera Labs (ALAB) due to high prices but endorsed Ecolab (ECL) after its earnings report. Cloudflare, Cognex, KKR, Blackstone, and Ecolab shares saw varied movements, while Astera Labs shares dipped significantly.

Portfolio Pulse from Avi Kapoor

May 09, 2024 | 12:50 pm

Upstart Holdings, Inc. (UPST) shares fell by 10.3% after reporting Q1 financial results and issuing Q2 revenue guidance below estimates. Other stocks showed significant movement, with Reborn Coffee, Inc. (REBN) leading gainers with a 132.9% jump after announcing a market expansion into China. On the losing end, Treace Medical Concepts, Inc. (TMCI) dropped 60.8% after issuing FY24 revenue guidance below estimates.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 5:38 pm

Needham analyst Quinn Bolton has reiterated a Buy rating on Astera Labs (NASDAQ:ALAB), maintaining a price target of $85. This reaffirmation of the stock's potential underscores Needham's positive outlook on Astera Labs.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 11:25 am

Astera Labs' stock price is trading lower following the announcement of its Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:09 am

Flywire Corporation reported a Q1 loss and issued Q2 revenue guidance below estimates, leading to a 14.1% drop in pre-market trading. Other companies like Treace Medical Concepts, DoubleVerify Holdings, ZoomInfo Technologies, Inspire Medical Systems, and several others also reported disappointing financial results or guidance, resulting in significant pre-market trading losses.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 10:05 am

Astera Labs shares are trading lower following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:51 pm

Astera Labs anticipates a 10%-12% increase in Q2 revenue compared to the previous quarter, with an expected EPS of $0.11, surpassing the estimate of $0.06.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:49 pm

Astera Labs (NASDAQ:ALAB) reported Q1 2024 earnings of $0.10 per share, surpassing the $0.04 estimate, and sales of $65.258M, exceeding the $56.710M forecast. This represents a significant improvement over the previous year's losses and sales figures.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:22 pm

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