Latest news with #ALAB
Yahoo
3 days ago
- Business
- Yahoo
Was Jim Cramer Right About Astera Labs, Inc. (ALAB)?
We recently published a list of In this article, we are going to take a look at where Astera Labs, Inc. (NASDAQ:ALAB) stands against other stocks that Jim Cramer discusses. Back then, a viewer asked about Astera Labs, Inc. (NASDAQ:ALAB), which had recently IPO'd and was gaining attention at the time. Cramer liked the business fundamentals but warned that recent IPOs were still caught in speculative hype. He responded with: 'I like Astera Labs. It's a little high… a lot of the newer companies that have come public are still involved in a halo. This one started to go down today… Let's let it come in. There's a little too much halo to the new IPOs… they are all trading at very high levels right now.' Cramer was wrong to warn against the IPO-hype as the stock climbed an additional 55.56% since then. Astera Labs, Inc. (NASDAQ:ALAB) is a semiconductor connectivity company that designs purpose-built chips and system-level solutions to accelerate data transfer between CPUs, GPUs, memory, and AI infrastructure components in data centers and cloud environments. Astera had a bad start to the year. When asked about it on May 14, Cramer gave a mixed outlook saying it's a good place to buy but not the best value out there: 'Okay, Astera Labs is a company that is incredibly well run, that has tremendous growth, but like many other companies, that stock has come down in value. I actually think it's a good place to buy, given the fact that so many of these other stocks actually even have higher price-to-earnings multiples.' Overall, ALAB ranks 3rd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of ALAB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Was Jim Cramer Right About Astera Labs, Inc. (ALAB)?
We recently published a list of In this article, we are going to take a look at where Astera Labs, Inc. (NASDAQ:ALAB) stands against other stocks that Jim Cramer discusses. Back then, a viewer asked about Astera Labs, Inc. (NASDAQ:ALAB), which had recently IPO'd and was gaining attention at the time. Cramer liked the business fundamentals but warned that recent IPOs were still caught in speculative hype. He responded with: 'I like Astera Labs. It's a little high… a lot of the newer companies that have come public are still involved in a halo. This one started to go down today… Let's let it come in. There's a little too much halo to the new IPOs… they are all trading at very high levels right now.' Cramer was wrong to warn against the IPO-hype as the stock climbed an additional 55.56% since then. Astera Labs, Inc. (NASDAQ:ALAB) is a semiconductor connectivity company that designs purpose-built chips and system-level solutions to accelerate data transfer between CPUs, GPUs, memory, and AI infrastructure components in data centers and cloud environments. Astera had a bad start to the year. When asked about it on May 14, Cramer gave a mixed outlook saying it's a good place to buy but not the best value out there: 'Okay, Astera Labs is a company that is incredibly well run, that has tremendous growth, but like many other companies, that stock has come down in value. I actually think it's a good place to buy, given the fact that so many of these other stocks actually even have higher price-to-earnings multiples.' Overall, ALAB ranks 3rd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of ALAB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
6 days ago
- Business
- Business Insider
Astera Labs CFO sells $45.1M in common stock
n a regulatory filing, Astera Labs (ALAB) disclosed that its CFO Michael Tate sold 500K shares of common stock on May 30th in a total transaction size of $45.1M. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Business Insider
22-05-2025
- Business
- Business Insider
Astera Labs CEO sells $11.5M in common stock
In a regulatory filing, Astera Labs (ALAB) disclosed that its CEO Jitendra Mohan sold 128K shares of common stock on May 19th in a total transaction size of $11.5M. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Yahoo
07-05-2025
- Business
- Yahoo
Why Astera Labs Is Sinking Today
Key Points Astera Labs stock is falling on the heels of the company's Q1 report yesterday. Astera actually delivered substantial sales and earnings beats, but investors aren't thrilled with management's forward guidance. The company's Q2 targets actually look pretty solid, and today's sell-off could be an overreaction. 10 stocks we like better than Astera Labs › Astera Labs (NASDAQ: ALAB) is heading lower Wednesday following the company's first-quarter earnings report yesterday. The connectivity tech specialist's share price was down 4.7% as of 12:20 p.m. ET. The stock had been down as much as 11.2% earlier in the day. Astera published its Q1 results after the market closed yesterday and reported sales and earnings that topped Wall Street's expectations. On the other hand, it looks like investors weren't satisfied with the company's forward guidance. Image source: Getty Images. Astera Labs sinks despite very strong growth in Q1 Astera Labs reported non-GAAP (generally accepted accounting principles) adjusted earnings per share of $0.33 on sales of $159.4 million in Q1. For comparison, the average Wall Street analyst estimate had called for adjusted earnings of $0.28 per share on sales of roughly $151.5 million. The company's sales surged approximately 144% compared to the prior-year period. What's next for Astera Labs? For the second quarter, Astera is guiding for sales to come in between $170 million and $175 million. At the midpoint of the guidance range, that would mean delivering sequential quarterly growth of 8.5%. Meanwhile, management is targeting an adjusted gross margin of 74% for the period. At the same time, adjusted earnings per share are expected to come in between $0.32 and $0.33 -- roughly in line with last quarter. With the company's gross margin projected to hold steady, the company's earnings guidance suggests a significant uptick in operating expenses. While some investors may have been looking for stronger sales or earnings guidance for the current quarter, Astera's Q1 report and targets for Q2 actually look quite strong. If you're considering building a position in the stock, today's pullback on a strong earnings report could be a worthwhile buying opportunity. Should you invest $1,000 in Astera Labs right now? Before you buy stock in Astera Labs, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Astera Labs wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
