Jefferies initiated coverage of Astera Labs with a rating of Buy and set a new price target of $85.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/18/2024 | $120.00 | Buy | Citigroup |
| 9/4/2024 | $55.00 | Equal-Weight → Overweight | Morgan Stanley |
| 4/16/2024 | $100.00 | Outperform | Evercore ISI |
| 4/15/2024 | $90.00 | Buy | Craig Hallum |
| 4/15/2024 | $85.00 | Buy | Jefferies |
| 4/15/2024 | $85.00 | Buy | Deutsche Bank |
| 4/15/2024 | $85.00 | Overweight | Barclays |
| 4/15/2024 | $81.00 | Overweight | Morgan Stanley |
Record quarterly revenue of $113.1 million, up 47% QoQ and up 206% YoY Expanding market opportunities with new Scorpio Fabric Switches, driving higher dollar content in AI platforms Astera Labs, Inc. (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for cloud and AI infrastructure, today announced preliminary financial results for the third quarter of fiscal year 2024, ended September 30, 2024. "Astera Labs delivered strong Q3 results, setting our fifth consecutive quarterly revenue record and grew 47% versus the previous quarter," said Jitendra Mohan, Astera Labs' Chief Executive Officer. "Our business has now entered a new growth phase with multiple produc
Shipping in pre-production quantities, Scorpio Smart Fabric Switches deliver maximum system utilization and uptime for scale-out PCIe 6 connectivity and scale-up GPU clustering in AI servers Astera Labs, Inc. (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced a new portfolio of fabric switches, including the industry's first PCIe® 6 switch, built from the ground up for demanding AI workloads in accelerated computing platforms deployed at cloud-scale. The Scorpio Smart Fabric Switch portfolio is optimized for AI dataflows to deliver maximum predictable performance per watt, high reliability, easy cloud-scale deployme
Astera Labs, Inc. (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced that it will release its financial results for the third quarter 2024 after the close of market on Monday, Nov. 4, 2024. Astera Labs will host a corresponding conference call at 1:30 p.m. Pacific Time, 4:30 p.m. Eastern Time. Conference Call Details Date: Nov. 4, 2024 Time: 1:30 pm PT / 4:30 pm ET Hosts: Jitendra Mohan, Chief Executive Officer Sanjay Gajendra, President and Chief Operating Officer Mike Tate, Chief Financial Officer Dial-in: (800) 715-9871 Conference
Astera Labs, Inc. (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced that it will release its financial results for the third quarter 2024 after the close of market on Monday, Nov. 4, 2024. Astera Labs will host a corresponding conference call at 1:30 p.m. Pacific Time, 4:30 p.m. Eastern Time. Conference Call Details Date: Nov. 4, 2024 Time: 1:30 pm PT / 4:30 pm ET Hosts: Jitendra Mohan, Chief Executive Officer Sanjay Gajendra, President and Chief Operating Officer Mike Tate, Chief Financial Officer Dial-in: (800) 715-9871 Conference
Astera Labs, Inc. (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced that it will release its financial results for the second quarter 2024 after the close of market on Tuesday, Aug. 6, 2024. Astera Labs will host a corresponding conference call at 1:30 p.m. Pacific Time, 4:30 p.m. Eastern Time. Conference Call Details Date: Aug. 6, 2024 Time: 1:30 pm PT / 4:30 pm ET Hosts: Jitendra Mohan, Chief Executive Officer Sanjay Gajendra, President and Chief Operating Officer Mike Tate, Chief Financial Officer Dial-in: (800) 715-
Astera Labs (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, announced today that it will release its financial results for the first quarter 2024 after the close of market on Tuesday, May 7, 2024. The company will host a corresponding conference call at 1:30 p.m. Pacific Time, 4:30 p.m. Eastern Time. Conference Call Details Date: May 7, 2024 Time: 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time Hosts: Jitendra Mohan, Chief Executive Officer Sanjay Gajendra, President and Chief Operating Officer Mike Tate, Chief Financial Officer Dial-in: US toll free: (800) 715
144 - Astera Labs, Inc. (0001736297) (Subject)
144 - Astera Labs, Inc. (0001736297) (Subject)
144 - Astera Labs, Inc. (0001736297) (Subject)
SC 13G - Astera Labs, Inc. (0001736297) (Subject)
SC 13G - Astera Labs, Inc. (0001736297) (Subject)
SC 13G - Astera Labs, Inc. (0001736297) (Subject)
Mayer brings technology and leadership expertise in scaling multi-billion-dollar enterprises Astera Labs, Inc. (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced the appointment of Bethany Mayer to its Board of Directors. Mayer brings over 30 years of experience as a visionary leader and board member at networking, cybersecurity, and semiconductor companies. "Bethany brings a wide range of technology and leadership experiences at both global corporations and tech start-ups to Astera Labs, and we are pleased to welcome her to the Board of Directors," said Jitendra Mohan, CEO and Co-founder, Astera Labs. "Her exper
4 - Astera Labs, Inc. (0001736297) (Issuer)
4 - Astera Labs, Inc. (0001736297) (Issuer)
4 - Astera Labs, Inc. (0001736297) (Issuer)
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume NVDA CALL SWEEP BULLISH 07/19/24 $120.00 $116.6K 113.8K 193.6K AMD CALL SWEEP BEARISH 07/19/24 $157.5
A recent survey from JPMorgan reveals a clear trajectory towards increased investment in AI infrastructure, with expectations of significant revenue growth in the semiconductor sector over the next several years. Here’s how the 166 CIOs responded: AI Infrastructure Investment Soars: Over 75% of surveyed CIOs plan to allocate more than 5% of their IT budgets to AI compute hardware within three years, up from approximately 25% currently. This signals a projected 45% compound annual growth rate (CAGR) in AI-related spending, outpacing previous forecasts. Cloud Capex Expansion: Cloud spending is set to rise to 35% of IT budgets in five years, up from 20% presently, indicating a robust
Citigroup initiated coverage of Astera Labs with a rating of Buy and set a new price target of $120.00
Morgan Stanley upgraded Astera Labs from Equal-Weight to Overweight and set a new price target of $55.00
Evercore ISI initiated coverage of Astera Labs with a rating of Outperform and set a new price target of $100.00