Astera Labs (ALAB) Scheduled to Post Quarterly Earnings on Tuesday

Astera Labs (NASDAQ:ALAB) is scheduled to 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. Investors interested in registering for the company’s conference call can do so using this link.

Astera Labs Trading Down 2.7 %

Astera Labs stock opened at $76.96 on Friday. Astera Labs has a 12-month low of $50.61 and a 12-month high of $95.21.

Insider Buying and Selling

In other news, Director Jack R. Lazar bought 10,000 shares of Astera Labs stock in a transaction that occurred 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 completion of the acquisition, the director now directly owns 165,000 shares in the company, valued at $5,940,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Evercore ISI began coverage on shares of Astera Labs in a research report on Tuesday, April 16th. They set an “outperform” rating and a $100.00 price target on the stock. Stifel Nicolaus assumed coverage on Astera Labs in a research note on Monday, April 15th. They issued a “buy” rating and a $81.00 price target on the stock. Needham & Company LLC started coverage on Astera Labs in a research report on Monday, April 15th. They set a “buy” rating and a $85.00 price objective for the company. JPMorgan Chase & Co. began coverage on shares of Astera Labs in a research report on Monday, April 15th. They issued an “overweight” rating and a $85.00 target price on the stock. Finally, Barclays started coverage on shares of Astera Labs in a research note on Monday, April 15th. They set an “overweight” rating and a $85.00 target price for the company. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Astera Labs has an average rating of “Buy” and an average target price 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.