Astera Labs (ALAB) Projected to Post Quarterly Earnings on Monday

Astera Labs (NASDAQ:ALAB - Get Free Report) is projected to release its Q4 2024 earnings data after the market closes on Monday, February 10th. Analysts expect Astera Labs to post earnings of $0.26 per share and revenue of $127.91 million for the quarter. Astera Labs has set its Q1 2025 guidance at 0.280-0.290 EPS.Persons that are interested in registering for the company's earnings conference call can do so using this link.

Astera Labs (NASDAQ:ALAB - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.16). Astera Labs had a negative net margin of 30.69% and a negative return on equity of 15.57%. On average, analysts expect Astera Labs to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Astera Labs Stock Down 10.9 %

Shares of ALAB traded down $11.25 during trading hours on Tuesday, reaching $92.04. 14,098,359 shares of the stock traded hands, compared to its average volume of 5,451,929. Astera Labs has a 52 week low of $36.22 and a 52 week high of $147.39. The stock has a fifty day simple moving average of $122.39 and a 200 day simple moving average of $82.55.

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Wall Street Analysts Forecast Growth

ALAB has been the subject of several research reports. Needham & Company LLC restated a "buy" rating and issued a $140.00 price objective on shares of Astera Labs in a report on Tuesday. Citigroup initiated coverage on shares of Astera Labs in a research report on Monday, November 18th. They set a "buy" rating and a $120.00 price objective on the stock. Northland Capmk raised shares of Astera Labs from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 28th. Roth Mkm raised their price target on shares of Astera Labs from $80.00 to $105.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Finally, Stifel Nicolaus raised their price target on shares of Astera Labs from $100.00 to $150.00 and gave the company a "buy" rating in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $115.33.

Insider Transactions at Astera Labs

In other news, General Counsel Philip Mazzara sold 2,513 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $90.81, for a total transaction of $228,205.53. Following the sale, the general counsel now owns 248,745 shares in the company, valued at approximately $22,588,533.45. The trade was a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Manuel Alba sold 11,000 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $117.50, for a total value of $1,292,500.00. Following the transaction, the director now directly owns 456,863 shares of the company's stock, valued at approximately $53,681,402.50. The trade was a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 846,452 shares of company stock worth $86,427,256.

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.