Astera Labs (ALAB) Projected to Post Earnings on Tuesday

Astera Labs (NASDAQ:ALAB - Get Free Report) is expected to post its Q1 2025 quarterly earnings results 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 quarterly earnings data on Tuesday, May 6th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.28 by $0.05. The business had revenue of $159.44 million for the quarter, compared to analyst estimates of $151.55 million. Astera Labs had a negative return on equity of 10.40% and a negative net margin of 21.05%. The business's quarterly revenue was up 144.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS. 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 Stock Down 1.4 %

Shares of NASDAQ:ALAB traded down $0.98 during trading on Friday, hitting $70.66. 1,335,063 shares of the stock traded hands, compared to its average volume of 3,843,686. The company has a fifty day moving average price of $64.29 and a two-hundred day moving average price of $91.40. Astera Labs has a 52-week low of $36.22 and a 52-week high of $147.39. The company has a market cap of $11.65 billion, a price-to-earnings ratio of -40.84, a P/E/G ratio of 6.18 and a beta of 0.33.

Wall Street Analyst Weigh In

ALAB has been the subject of a number of recent analyst reports. Morgan Stanley cut their price objective on 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. Roth Capital set a $100.00 price objective on shares of Astera Labs and gave the stock a "buy" rating in a research report on Wednesday. Northland Capmk raised Astera Labs from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 28th. Northland Securities upgraded Astera Labs from a "market perform" rating to an "outperform" rating and set a $120.00 target price on the stock in a report on Tuesday, January 28th. Finally, Raymond James started coverage on Astera Labs in a report on Friday, March 14th. They issued an "outperform" rating and a $82.00 target price for the company. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $100.85.

Insider Buying and Selling at Astera Labs

In other Astera Labs news, Director Manuel Alba sold 63,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $63.37, for a total transaction of $3,992,310.00. Following the sale, the director now owns 444,863 shares in the company, valued at $28,190,968.31. This represents a 12.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Philip Mazzara sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $87.46, for a total value of $4,373,000.00. Following the sale, the general counsel now directly owns 191,209 shares in the company, valued at approximately $16,723,139.14. This represents a 20.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 633,990 shares of company stock valued at $54,235,012 in the last three months.

Astera Labs Company Profile

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.