VRT, ANET and ALAB are positioned to benefit from surging AI-driven data center demand with strong portfolios and rising earnings estimates.
As artificial intelligence (AI) has exploded in popularity in recent years, investors have unsurprisingly scrambled to build exposure to companies they see as likely to benefit from this technological trend. Certainly, one straightforward way to try to achieve this goal is through AI-focused exchange-traded funds (ETFs).
The Zacks Internet software industry participants like ANET, RDDT and ALAB are benefiting from high demand for SaaS due to the increasing need for hybrid work, learning and diagnosis software, as well as cybersecurity applications.
Astera Labs soars 112.6% in a month on booming demand, record Q2 growth and bullish Q3 guidance fueled by next-gen AI connectivity.
Astera Labs, Inc. (ALAB) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Here is how Astera Labs, Inc. (ALAB) and Gilat Satellite (GILT) have performed compared to their sector so far this year.
Astera Labs delivered outstanding Q2 FY2025 results, with broad-based revenue growth across key product lines and upside versus guidance. AI infrastructure demand, expanding product portfolio, and deep hyperscaler relationships position Astera for continued rapid growth and market share gains. Upcoming H2 FY2025 product launches are set to unlock a major revenue ramp, with all four product families shipping in meaningful volumes.
Astera Labs, Inc. crushed Q2 expectations, doubling revenue and gaining market share with its innovative networking products, especially among hyperscaler clients. The company's multi-faceted product strategy and rapid adoption of Scorpio switches and Aries retimers are driving significant growth and margin expansion. Despite stellar results and a bullish outlook, Astera Labs' valuation has soared to a triple-digit EBITDA multiple, making shares expensive.
ALAB posts 149.7% revenue surge and beats earnings estimates comfortably, driven by strong demand for solutions.
Astera Labs (NASDAQ: ALAB) stock is up 20.18% in premarket trading on Wednesday, reaching $162.89 following the company's impressive second-quarter earnings results that significantly exceeded market expectations.
Astera Labs, Inc. (NASDAQ:ALAB ) Q2 2025 Earnings Conference Call August 5, 2025 4:30 PM ET Company Participants Jitendra Mohan - Co-Founder, CEO & Executive Director Leslie Green - Corporate Participant Michael T. Tate - Chief Financial Officer Sanjay Gajendra - Co-Founder, President, COO & Director Conference Call Participants Nathaniel Quinn Bolton - Needham & Company, LLC, Research Division Papa Talla Sylla - Citigroup Inc., Research Division Ross Clark Seymore - Deutsche Bank AG, Research Division Sebastien Cyrus Naji - William Blair & Company L.L.C.
Astera Labs, Inc. (ALAB) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.13 per share a year ago.