Nasdaq's revenue beats on strong demand for fintech products [Yahoo! Finance]
Astera Labs, Inc. (ALAB)
Company Research
Source: Yahoo! Finance
Revenue from its financial technology unit surged 71% to $392 million in the first quarter, while revenue from its index business jumped 53% to $168 million. The transatlantic exchange operator has expanded its business beyond trading and listing to create a more steady and sustainable source of revenue by offering products that focus on anti-financial crime and compliance. Nasdaq, like its peers, has been on an acquisition spree to diversify its portfolio of technology and intellectual property after regulations in 2005 opened the equities trading market up to competition from brokers. Net revenue in the first quarter jumped 22% to $1.12 billion. Analysts on average had expected $1.11 billion, according to LSEG data. The company's adjusted profit of 63 cents per share in the three months ended March 31 missed analysts' expectations of 65 cents. The push towards products and solutions helped offset a deceleration in trading activity in U.S. equities as markets took a breath
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ALAB
News
- Nvidia favorite in AI basket, gets Buy rating at Jefferies [Seeking Alpha]Seeking Alpha
- Astera Labs, Inc. Common Stock (NASDAQ:ALAB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Astera Labs, Inc. (NASDAQ: ALAB) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $85.00 price target on the stock.MarketBeat
- Profiter de l’essor de l’IA grâce aux FNB sur l’IA [Finance et Investissement (Montreal) (French)]Finance et Investissement
- Astera Labs Announces Financial Results for the First Quarter of Fiscal Year 2024 [Yahoo! Finance]Yahoo! Finance
ALAB
Earnings
- 5/7/24 - Beat
ALAB
Sec Filings
- 5/9/24 - Form S-8
- 5/8/24 - Form 10-Q
- 5/7/24 - Form 8-K
- ALAB's page on the SEC website