Astera Labs (ALAB) to Release Quarterly Earnings on Tuesday

Astera Labs (NASDAQ:ALAB) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Astera Labs to post earnings of $0.04 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Astera Labs Trading Up 0.8 %

Shares of ALAB opened at $85.70 on Tuesday. Astera Labs has a one year low of $50.61 and a one year high of $95.21.

Insiders Place Their Bets

In other news, Director Jack R. Lazar bought 10,000 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were purchased at an average price of $36.00 per share, with a total value of $360,000.00. Following the transaction, the director now directly owns 165,000 shares in the company, valued at $5,940,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ALAB. Barclays began coverage on Astera Labs in a research note on Monday, April 15th. They issued an “overweight” rating and a $85.00 target price for the company. Deutsche Bank Aktiengesellschaft began coverage on Astera Labs in a research note on Monday, April 15th. They issued a “buy” rating and a $85.00 target price for the company. Roth Mkm began coverage on shares of Astera Labs in a research report on Monday, April 15th. They issued a “buy” rating and a $85.00 price target on the stock. Stifel Nicolaus began coverage on shares of Astera Labs in a research report on Monday, April 15th. They issued a “buy” rating and a $81.00 price target on the stock. Finally, Needham & Company LLC began coverage on shares of Astera Labs in a research report on Monday, April 15th. They issued a “buy” rating and a $85.00 price target on the stock. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $86.09.

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.