Astera Labs Inc. (NASDAQ:ALAB) is one of the 10 Stocks With Eye-Popping Gains.
Astera Labs extended its winning streak to a 7th consecutive day on Monday, surging 11.91 percent to finish at $166.80 apiece, with investor optimism bolstered by its high double-digit growth outlook for the first quarter of the year.
In a notice to investors, Astera Labs Inc. (NASDAQ:ALAB) said that it would report its financial and operating highlights after market close on May 5, 2026, to be accompanied by a conference call to elaborate on the results.
For illustration purposes only. Photo by Tima Miroshnichenko on Pexels
For the period, the company earlier targeted to grow its revenues by 78 percent to 86 percent year-on-year to a range of $286 million to $297 million, versus only $159.4 million in the same period a year earlier.
GAAP diluted earnings per share are also expected to at least double to a range of $0.36 to $0.38, as compared with the $0.18 in the same comparable quarter.
Also on Monday Astera Labs Inc. (NASDAQ:ALAB) received an optimistic outlook from Alger Capital, saying that it is likely to grow 4x over the next four years.
In an interview with the Closing Bell show on CNBC, EVP Ankur Crawford said that the opportunity for Astera Labs Inc. (NASDAQ:ALAB) is dislocated from its fundamentals
“This company that’s gonna grow by 4x over four years. There’s relatively few companies with this kind of profile, with this kind of quality of management team. It’s dislocated, and in part because people think that there are copper plays and they’ll get left out in the optical transition. I think that’s a complete misnomer because they actually own kind of like what I think of is the central train station for data on-trip and regardless of whether you have optical or you have copper, all the bits have to actually go through an Astera chip,” she said.
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