Shares of Microsoft-backed Rubrik jump as much as 25% on first trading day [Yahoo! Finance]
Astera Labs, Inc. (ALAB)
Company Research
Source: Yahoo! Finance
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