Astera Labs (ALAB) Expected to Announce Earnings on Tuesday

Astera Labs (NASDAQ:ALAB - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data after the market closes on Tuesday, May 6th. Analysts expect Astera Labs to post earnings of $0.28 per share and revenue of $151.55 million for the quarter. Astera Labs has set its Q2 2025 guidance at 0.320-0.330 EPS.

Astera Labs (NASDAQ:ALAB - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. Astera Labs had a negative return on equity of 10.40% and a negative net margin of 21.05%. The company had revenue of $159.44 million during the quarter, compared to analysts' expectations of $151.55 million. During the same period last year, the firm earned $0.10 EPS. The business's revenue for the quarter was up 144.1% on a year-over-year basis. On average, analysts expect Astera Labs to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Astera Labs Trading Down 0.2 %

Shares of ALAB traded down $0.14 during trading hours on Wednesday, hitting $71.22. 8,747,308 shares of the stock traded hands, compared to its average volume of 3,850,416. The business has a fifty day moving average of $64.27 and a 200-day moving average of $91.51. The firm has a market capitalization of $11.75 billion, a PE ratio of -41.17, a price-to-earnings-growth ratio of 6.18 and a beta of 0.32. Astera Labs has a 1-year low of $36.22 and a 1-year high of $147.39.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ALAB shares. Needham & Company LLC reduced their target price on shares of Astera Labs from $140.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday. Citigroup reduced their price objective on shares of Astera Labs from $120.00 to $100.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Morgan Stanley dropped their target price on shares of Astera Labs from $142.00 to $114.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 28th. Raymond James initiated coverage on Astera Labs in a research report on Friday, March 14th. They issued an "outperform" rating and a $82.00 price target on the stock. Finally, Craig Hallum upped their price objective on Astera Labs from $105.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $100.85.

Insider Activity at Astera Labs

In related news, Director Manuel Alba sold 63,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $63.37, for a total value of $3,992,310.00. Following the sale, the director now directly owns 444,863 shares of the company's stock, valued at approximately $28,190,968.31. The trade was a 12.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jitendra Mohan sold 350,680 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $89.51, for a total value of $31,389,366.80. Following the transaction, the chief executive officer now owns 2,353,655 shares of the company's stock, valued at approximately $210,675,659.05. This trade represents a 12.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 633,990 shares of company stock worth $54,235,012.

About Astera Labs

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.