Shares of Microsoft-backed Rubrik jump as much as 25% on first trading day [Fortune]
Astera Labs, Inc. (ALAB)
Company Research
Source: Fortune
The Microsoft-backed tech firm initially was seeking a price range of $28 to $31, according to its S-1 filing with the Securities and Exchange Commission. The public offering, which was 20 times oversubscribed, pushed the company's value to roughly $5.6 billion Jay Ritter, a finance professor at the University of Florida's Warrington College of Business, explained that Rubrik's initial gains appeared a bit muted compared with those of other popular tech stocks largely because of institutional interest. Also, he said, according to his own research, it's a trend he's noticed among companies with revenue of at least $100 million. “This is a company that mainly institutional investors are interested in,” Ritter told Fortune . “It doesn't have big household name recognition like Reddit. So, basically, institutional investors are setting the price here, and institutional investors get it right on average.” Rubrik last year posted annual revenue of $784 million. However, the company i
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ALAB
News
- 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
- Astera Labs Announces Financial Results for the First Quarter of Fiscal Year 2024Business Wire
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