Free Trial

Astera Labs (ALAB) Stock Price, News & Analysis

$47.14
+0.09 (+0.19%)
(As of 07/26/2024 ET)
Today's Range
$45.47
$47.90
50-Day Range
$47.05
$73.34
52-Week Range
$45.41
$95.21
Volume
1.82 million shs
Average Volume
2.15 million shs
Market Capitalization
$7.34 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$86.09

Astera Labs MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
82.6% Upside
$86.09 Price Target
Short Interest
Bearish
8.25% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.80mentions of Astera Labs in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$20,610 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.56) to ($0.05) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.70 out of 5 stars

Computer And Technology Sector

479th out of 612 stocks

Semiconductors & Related Devices Industry

75th out of 89 stocks

ALAB stock logo

About Astera Labs Stock (NASDAQ:ALAB)

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. The company was incorporated in 2017 and is based in Santa Clara, California.

ALAB Stock Price History

ALAB Stock News Headlines

Astera Labs (NASDAQ:ALAB) Hits New 1-Year Low at $50.10
This TSLA short trade is on a nine win hot streak
Most Tesla Shareholders are disappointed in the stock's performance in 2024. Year to date, it's down 30%... And things don’t seem to be getting better. That said, one professional trader has found a way to turn Tesla’s demise into a flurry of opportunity… In fact, he has not lost a single trade on Tesla this year. As of this mailing he’s 9 for 9 with incredible wins under his belt. Just see for yourself.
Astera Labs Inc Registered Shs hosts conference call for investors
Astera Labs: Powering The Future Of AI
3 Chip Stocks That Could Turn $500 Into a Fortune
This TSLA short trade is on a nine win hot streak
Most Tesla Shareholders are disappointed in the stock's performance in 2024. Year to date, it's down 30%... And things don’t seem to be getting better. That said, one professional trader has found a way to turn Tesla’s demise into a flurry of opportunity… In fact, he has not lost a single trade on Tesla this year. As of this mailing he’s 9 for 9 with incredible wins under his belt. Just see for yourself.
See More Headlines
Receive ALAB Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Astera Labs and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
5/07/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:ALAB
Previous Symbol
NASDAQ:ALAB
Fax
N/A
Employees
225
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$86.09
High Stock Price Target
$100.00
Low Stock Price Target
$81.00
Potential Upside/Downside
+82.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
11 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$115.79 million

Miscellaneous

Free Float
N/A
Market Cap
$7.34 billion
Optionable
Optionable
Beta
N/A
The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.

Get This Free Report

Key Executives

  • Mr. Jitendra Mohan (Age 50)
    Co-Founder, CEO & Executive Director
    Comp: $492.13k
  • Mr. Philip Mazzara (Age 45)
    General Counsel & Secretary
    Comp: $491.59k
  • Mr. Sanjay Gajendra (Age 49)
    Co-Founder, President, COO & Director
  • Mr. Casey Morrison
    Co-Founder & Chief Product Officer
  • Mr. Michael T. Tate CPA (Age 58)
    Chief Financial Officer
  • Mr. Nicholas H. Aberle
    VP, Treasurer & Head of Investor Relations
  • Mr. Kelvin Khoo
    Senior Vice President of Corporate Development
  • Mr. Patrick Henderson
    Senior Vice President of Sales
  • Ms. Paroma Sen
    Vice president of Corporate Marketing
  • Mr. Kush Saxena
    Chief Human Resources Officer

ALAB Stock Analysis - Frequently Asked Questions

How have ALAB shares performed this year?

Astera Labs' stock was trading at $64.15 at the beginning of 2024. Since then, ALAB shares have decreased by 26.5% and is now trading at $47.1350.
View the best growth stocks for 2024 here
.

How were Astera Labs' earnings last quarter?

Astera Labs, Inc. (NASDAQ:ALAB) released its earnings results on Tuesday, May, 7th. The company reported ($1.76) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by $1.62. The company had revenue of $65.26 million for the quarter, compared to analyst estimates of $56.65 million.

When did Astera Labs IPO?

Astera Labs (ALAB) raised $713 million in an initial public offering on Wednesday, March 20th 2024. The company issued 19,800,000 shares at $36.00 per share.

When does Astera Labs' lock-up period expire?

Astera Labs' lock-up period expires on Monday, September 16th. Astera Labs had issued 19,800,000 shares in its public offering on March 20th. The total size of the offering was $712,800,000 based on an initial share price of $36.00. After the end of Astera Labs' lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Who are Astera Labs' major shareholders?

Top institutional shareholders of Astera Labs include Allspring Global Investments Holdings LLC (0.13%), Bank of New York Mellon Corp (0.09%), Linden Thomas Advisory Services LLC (0.03%) and Renaissance Capital LLC (0.01%).
View institutional ownership trends
.

How do I buy shares of Astera Labs?

Shares of ALAB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ALAB) was last updated on 7/27/2024 by MarketBeat.com Staff

From Our Partners