ALAB

Astera Labs, Inc. (ALAB)

Astera Labs, Inc., founded in 2017, is a semiconductor company headquartered in Santa Clara, California. The company specializes in designing and manufacturing connectivity solutions tailored for artificial intelligence (AI) and cloud infrastructure. Astera Labs' products address data bottlenecks in AI and cloud data centers, ensuring efficient and high-speed data transfer. Their portfolio includes the Aries PCIe Retimer and the Scorpio Smart Fabric Switch, which enhance system bandwidth and performance in data-intensive applications.

Recent Stock Performance

As of February 19, 2025, Astera Labs' stock (NASDAQ: ALAB) is trading at $115.55, reflecting a decrease of $8.18 (6.61%) from the previous close. The stock experienced an intraday high of $117.00 and a low of $114.00, with a trading volume of 1,256,789 shares.

In the fourth quarter of 2024, Astera Labs reported adjusted earnings of $0.37 per share and revenues of $141.1 million, significantly surpassing analysts' expectations of $0.26 per share and $127.9 million in revenue. This performance represents a year-over-year earnings increase of 208% and a sales surge of 179%. Despite these strong results, the stock experienced a decline, possibly due to investor concerns over gross profit margins, which were slightly below expectations at 74.1%. Looking ahead, the company projects adjusted earnings of $0.29 per share and revenues of $153 million for the next quarter, indicating continued growth driven by demand for AI data center solutions and the anticipated contribution of the Scorpio product line, expected to account for approximately 10% of 2025 revenues.