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Astera Labs Stock Drops 26% in a Week Despite Strong Earnings. Is It a Buy Now?

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Astera Labs Stock Drops 26% in a Week Despite Strong Earnings. Is It a Buy Now?

Key TakeawaysAstera Labs (ALAB) fell 26% over five trading sessions, closing at $191 on November 6 despite record third-quarter revenue and strong guidance. Marvell Technology (MRVL) announced a $115 billion acquisition agreement, while Intel (INTC) reported 78% Data Center and

Directly affected

  • ALAB Astera Labs-45.8% 30d

    Named in this report.

  • MRVL Marvell Technology-44.0% 30d

    Named in this report.

  • INTC Intel-51.5% 30d

    Named in this report.

Indirectly affected

  • XLK Technology Select Sector SPDR+3.2% 11d

    Technology Select Sector SPDR holds the technology sector that Astera Labs belongs to, so it often moves with news about it.

  • AVGO Broadcom-16.1% 30d

    Broadcom is a peer of Astera Labs in semiconductors and related devices; rivals often move on the same news.

  • MU Micron Technology-36.2% 30d

    Micron Technology is a peer of Astera Labs in semiconductors and related devices; rivals often move on the same news.

  • AMD Advanced Micro Devices-26.4% 30d

    Advanced Micro Devices is a peer of Astera Labs in semiconductors and related devices; rivals often move on the same news.

  • AMAT Applied Materials-29.6% 30d

    Applied Materials is a peer of Astera Labs in semiconductors and related devices; rivals often move on the same news.

  • TXN Texas Instruments-0.4% 30d

    Texas Instruments is a peer of Astera Labs in semiconductors and related devices; rivals often move on the same news.

  • ADI Analog Devices+9.6% 30d

    Analog Devices is a peer of Intel in semiconductors and related devices; rivals often move on the same news.

  • NXPI NXP Semiconductors N.V

    NXP Semiconductors N.V is a peer of Intel in semiconductors and related devices; rivals often move on the same news.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
ALAB+20.61%+17.47%baseafter closeafter closeafter closeafter close
MRVLPrices arriving within minutes———after closeafter closeafter closeafter close
INTC+6.47%+3.50%baseafter closeafter closeafter closeafter close
XLK+5.75%+7.09%baseafter closeafter closeafter closeafter close
AVGO+9.89%+10.98%baseafter closeafter closeafter closeafter close
MU+20.84%+15.26%baseafter closeafter closeafter closeafter close
AMD+4.31%+9.22%baseafter closeafter closeafter closeafter close
AMAT+12.65%+10.98%baseafter closeafter closeafter closeafter close
TXNPrices arriving within minutes———after closeafter closeafter closeafter close
ADIPrices arriving within minutes———after closeafter closeafter closeafter close
NXPIPrices arriving within minutes———after closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Astera Labs Stock Drops 26% in a Week Despite Strong Earnings. Is It a Buy Now? Yahoo Finance

Source: Yahoo Finance

This story

CompanyWhenMoveStatus
ALABthree days earlier+17.47%final price
ALABfive days earlier+20.61%final price
AMATthree days earlier+10.98%final price
AMATfive days earlier+12.65%final price
AMDthree days earlier+9.22%final price
AMDfive days earlier+4.31%final price
AVGOthree days earlier+10.98%final price
AVGOfive days earlier+9.89%final price
INTCthree days earlier+3.50%final price
INTCfive days earlier+6.47%final price
MUthree days earlier+15.26%final price
MUfive days earlier+20.84%final price
XLKthree days earlier+7.09%final price
XLKfive days earlier+5.75%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100

“Astera Labs Stock Drops 26% in a Week Despite Strong Earnings. Is It a Buy Now?” scores 12 out of 100. The score uses 1 sources.