| 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 |
| 4/15/2024 | $85.00 | Overweight | JP Morgan |
| 4/15/2024 | $85.00 | Buy | ROTH MKM |
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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
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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
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8-K - Astera Labs, Inc. (0001736297) (Filer)
144 - Astera Labs, Inc. (0001736297) (Subject)
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
Craig Hallum initiated coverage of Astera Labs with a rating of Buy and set a new price target of $90.00
Jefferies initiated coverage of Astera Labs with a rating of Buy and set a new price target of $85.00
Deutsche Bank initiated coverage of Astera Labs with a rating of Buy and set a new price target of $85.00
Barclays initiated coverage of Astera Labs with a rating of Overweight and set a new price target of $85.00
Morgan Stanley initiated coverage of Astera Labs with a rating of Overweight and set a new price target of $81.00
JP Morgan initiated coverage of Astera Labs with a rating of Overweight and set a new price target of $85.00
ROTH MKM initiated coverage of Astera Labs with a rating of Buy and set a new price target of $85.00
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
Dr. Shivananda Koteshwar to lead the company's India operations and spearhead development of innovative connectivity solutions for AI and cloud infrastructure Astera Labs, Inc. (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced the official opening of its R&D site in India to establish a world-class engineering team and scale product development operations. The new office located in Bengaluru expands the company's global footprint and is a foundational piece of its accelerated growth strategy as a leading enabler for deploying AI at cloud-scale. Dr. Shivananda Koteshwar – a visionary leader and accomplished semicon
Astera Labs (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced that it will participate in the Deutsche Bank 2024 Technology Conference on Aug. 29, 2024. Astera Labs' presentation is scheduled for 12:30 pm PT. A webcast of the session will be made available on Astera Labs' investor relations website at https://ir.asteralabs.com. About Astera Labs Astera Labs is a global leader in purpose-built connectivity solutions that unlock the full potential of AI and cloud infrastructure. Our Intelligent Connectivity Platform integrates PCIe®, CXL®, and Ethernet semiconductor-based solutions and the COSMOS software suite of
Record quarterly revenue of $76.9 million, up 18% QoQ and up 619% YoY Multiple secular trends, design wins across diverse AI platform architectures, and increasing average dollar content position the Company to outpace industry growth 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 second quarter of fiscal 2024, ended June 30, 2024. "Astera Labs achieved robust top-line growth during Q2, and we expect even stronger sequential growth in the September quarter, fueled by the production ramp of new AI platforms at hyperscalers featuring both third-pa
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-
The new R&D site will support the company's rapid growth as a leader in purpose-built connectivity solutions for AI and cloud infrastructure Astera Labs, Inc. (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced its plan to expand operations to India. The new site to be opened in Bangalore later this year will tap into the region's rich engineering talent and establish a robust pipeline of cutting-edge interconnect technologies that enable AI architectures throughout the data center. Sanjay Gajendra, President and Chief Operating Officer, Astera Labs, said, "As a thriving international market with a world-class tec
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
Company extends its PCIe connectivity leadership to increase GPU cluster scale and utilization in disaggregated AI and cloud infrastructure Astera Labs (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today unveiled the industry's first demonstration of end-to-end PCIe® optical connectivity to provide unprecedented reach for larger, disaggregated GPU clusters. The company's breakthrough technology for PCIe over optics expands its widely deployed, field-tested Aries family of Smart DSP Retimers and Smart Cable Modules™ (SCMs) for Active Electrical Cables (AECs) to deliver robust PCIe and CXL® connectivity in chip-to-chip, box-to-
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
Astera Labs, Inc. (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced its plan to expand operations to India. The new site to be opened in Bangalore later this year will tap into the region's rich engineering talent and establish a robust pipeline of cutting-edge interconnect technologies that enable AI architectures throughout the data center. Sanjay Gajendra, President and Chief Operating Officer, Astera Labs, said, "As a thriving international market with a world-class technical workforce, India is a clear choice for strategic expansion to help scale our engineering resources and support the next phase of growth fo
JPMorgan hosted 13 semiconductor, semiconductor capital equipment, and chip design/EDA/IP companies at their 52nd annual Global Technology, Media, and Communications Conference in Boston this week. The key takeaway? The semiconductor industry is entering the early stages of an upcycle, driven by broad-based cyclical improvements and strengthening AI demand. Here’s what investors need to know. Early Stages of Semiconductor Upcycle The semiconductor industry is showing signs of entering a new upcycle. Presenting companies expressed optimism about their revenue prospects for the second half of the year. They include: Advanced Micro Devices Inc (NASDAQ:AMD) GlobalFoundries In
New Cloud-Scale Interop Lab in Taiwan accelerates time-to-market for PCIe 6.x AI servers optimized with recently launched Aries 6 Smart DSP Retimers Astera Labs (NASDAQ:ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced expanded PCIe® 6.x testing capabilities in its Cloud-Scale Interop Lab to enable seamless interoperability between Aries 6 PCIe/CXL Smart DSP Retimers and a broad range of PCIe 6.x hosts and endpoints. This paves the way for AI platform developers to design high-bandwidth, low-latency PCIe 6.x connectivity with confidence, reduce overall development time, and deploy at scale.
A fresh wave of M&A is coming for the artificial intelligence (AI) industry. That’s because consolidation is the most likely way to exit in the AI space, with a few exceptions such as Astera Labs‘ (NASDAQ:ALAB) recent initial public offering. "A lot of companies took a lot of very risky bets, a lot of them are running out of money," said Hugging Face co-founder and Chief Executive Officer Clem Delangue according to Bloomberg. See Also: OpenAI Top Exec Says It’s Too Early To Gauge AI’s Full Economic Impact: ‘We’ve A Year To Reshape The Economy? That’s A Tall Order’ AI technology still lacks widespread use scenarios — not ideal for startups hoping to turn a profit in the near term.
These 10 large-cap stocks were the worst performers last week. Are they in your portfolio? EPAM Systems, Inc. (NYSE:EPAM) shares tumbled 24.6% after it lowered its FY24 revenue guidance. Several analysts trimmed the price target on the stock. Shopify Inc. (NYSE:SHOP) shares declined 24.4% following first-quarter FY24 earnings. Many analysts revised the price targets on Shopify following the earnings announcement. Roblox Corporation (NYSE:RBLX) shares plunged 20.5% after it issued weak guidance. Several analysts cut the price target on the stock. Builders FirstSource, Inc. (NYSE:BLDR) shares are down 15.7% following first quarter earnings. Some analysts cut the price target on t
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Cloudflare, Inc. (NYSE:NET) “right here.” The company reported upbeat earnings for its first quarter and issued fiscal 2024 revenue guidance below estimates. Cognex Corporation (NASDAQ:CGNX) is a “niche” company, Cramer said. “I kind of like it, makes money.” On May 2, Cognex reported better-than-expected first-quarter results, issued second-quarter revenue guidance and named a new CFO. The “Mad Money” host said KKR & Co. Inc. (NYSE:KKR) and Blackstone Inc. (NYSE:BX) have been winners and he likes them very much. “I typically don't like to recommend these companies because I don't know what they own. But sometimes