Astera Labs (ALAB) to Release Quarterly Earnings on Tuesday

Astera Labs (NASDAQ:ALAB) will issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Astera Labs Stock Up 0.8 %

ALAB opened at $85.70 on Tuesday. Astera Labs has a 12-month low of $50.61 and a 12-month high of $95.21.

Insider Buying and Selling

In other Astera Labs news, Director Jack R. Lazar acquired 10,000 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was purchased at an average price of $36.00 per share, for a total transaction of $360,000.00. Following the transaction, the director now owns 165,000 shares in the company, valued at approximately $5,940,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

ALAB has been the subject of a number of research reports. Northland Securities initiated coverage on Astera Labs in a research report on Monday, March 25th. They issued an “outperform” rating and a $85.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on Astera Labs in a research report on Monday, April 15th. They issued an “overweight” rating and a $85.00 price objective for the company. Needham & Company LLC initiated coverage on Astera Labs in a research report on Monday, April 15th. They issued a “buy” rating and a $85.00 price objective for the company. Jefferies Financial Group began coverage on Astera Labs in a research report on Monday, April 15th. They issued a “buy” rating and a $85.00 price objective for the company. Finally, Evercore ISI began coverage on Astera Labs in a research report on Tuesday, April 16th. They set an “outperform” rating and a $100.00 target price for the company. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Astera Labs presently has a consensus rating of “Buy” and an average target price of $86.09.

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.