Latest news with #ALAB
Irish Examiner
3 days ago
- Politics
- Irish Examiner
'Extraordinary public effort' as 7,500 people sign petition against mussel farm in Kinsale
More than 7,000 people have backed what campaigners say is the largest aquaculture appeal the country has ever seen, as the fight against a controversial mussel farm project in Cork continues. Campaigners opposing the mussel farm proposed for Woodstown Bay in Kinsale Harbour have submitted an unprecedented 147 formal appeals to the Aquaculture Licences Appeals Board (ALAB), representing the voices of more than 7,500 individuals. The Department of Agriculture granted a licence in May to Waterford-based Woodstown Bay Shellfish Ltd, for a mussel farm across some 23-hectares next to Dock Beach, in an area used by swimmers, kayakers, sailors and crab fishers. A delegation of campaigners delivered a petition signed by more than 7,000 people to the department this week, calling for it to reverse its decision to grant the licence. Minister of state at the Department of the Marine Timmy Dooley accepted the petition and expressed an interest in exploring shorter licensing periods in future, but campaigners said he noted he would be unlikely to overturn a decision made by ALAB for legal reasons, even in the face of strong public opposition. A large turnout on Dock beach and flotilla of boats in the waters nearby protesting about the proposed mussel farm in Kinsale harbour last month. Picture: Eddie O'Hare The 147 appeals have been submitted to ALAB from individuals, marine users, environmental groups, and local organisations. One appeal includes a petition of 6,200 names, while others were submitted by groups representing more than 200 members each. The cost of appeal fees alone has exceeded €25,000, with many appeals including professional input, and some taking six weeks to complete. However, there is growing concern ALAB may treat them as a single objection, rolling them into one file. 'This process involved extraordinary public effort," said Marc O'Riain of Kinsale Harbour Watch. "To flatten it into a single case would not only diminish the voices of thousands but seriously misrepresent the scale of opposition." Campaigners argue this would undermine the democratic process, and risk breaching the Aarhus Convention — the international agreement, ratified by the EU, that guarantees the public's right to meaningful participation in environmental decision-making. They have called on ALAB to recognise the integrity of each submission, acknowledge the volume of public concern, and hold a formal oral hearing. 'We remain hopeful that the appeals process will deliver a fair outcome. But if necessary, we are prepared to pursue a judicial review to protect Kinsale Harbour,' he said.
Yahoo
5 days ago
- Business
- Yahoo
Astera Labs (ALAB) Soars 19% As AI Boom Boosts Q2 Earnings Expectations
We recently published . Astera Labs, Inc. (NASDAQ:ALAB) is one of Monday's biggest gainers. Astera Labs rallied for a third straight day on Monday, soaring 19.35 percent to close at $121.89 apiece as investors loaded up positions before the release of its second quarter earnings performance. According to Astera Labs, Inc. (NASDAQ:ALAB), it will announce the results of its financial and operating highlights after market close on August 5, to be followed by a conference call. For the second quarter of the year, Astera Labs, Inc. (NASDAQ:ALAB) said it expected revenues to settle within a range of $170 million to $175 million with a gross margin of approximately 74 percent. Operating expenses are expected to range between $113 million and $115 million, while diluted earnings per share are pegged at $0.10 to $0.11. The rally reflected strong confidence among investors amid the booming artificial intelligence sector, supported by the US government's aggressive expansion into the industry. A robotic arm holding a semiconductor chip, emphasizing the precision and quality of the company's production equipment. Astera Labs, Inc. (NASDAQ:ALAB) is a US-based company that supports AI infrastructures through purpose-built connectivity solutions to solve data, network, and memory bottlenecks at a rack scale. While we acknowledge the potential of ALAB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-07-2025
- Business
- Yahoo
Astera Labs (ALAB) Falls Ahead of Earnings
Astera Labs, Inc. (NASDAQ:ALAB) is one of the . Astera Labs fell for a third day on Monday, shedding 5.82 percent to close at $90.32 apiece as investors repositioned portfolios ahead of the expected release of its earnings performance. According to the company, it will release its financial and operating results on August 5, 2025, after the market closes. For the second quarter of the year, Astera Labs, Inc. (NASDAQ:ALAB) earlier said that it expects revenues to settle within a range of $170 million to $175 million with gross margin of approximately 74 percent. Operating expenses are expected to range between $113 million and $115 million, while diluted earnings per share were pegged at $0.10 to $0.11. Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process. In the first quarter of the year, Astera Labs, Inc. (NASDAQ:ALAB) swung to a net income of $31.8 million from a $93-million net loss in the same period last year. Revenues more than doubled to $159 million from $65 million year-on-year. While we acknowledge the potential of ALAB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-07-2025
- Business
- Yahoo
Astera Labs (ALAB) Surges 8.19% Ahead of Q2 Earnings
Astera Labs, Inc. (NASDAQ:ALAB) is one of the . Astera Labs jumped by 8.19 percent on Wednesday to end at $99.86 each as investors repositioned portfolios ahead of the release of its second quarter financial and operating performance. In a statement, Astera Labs, Inc. (NASDAQ:ALAB) said that it is scheduled to release earnings performance for the period on August 5, 2025, to be followed by a conference call at 4:30 PM Eastern Time. Astera Labs, Inc. (NASDAQ:ALAB) expects revenues for the second quarter to settle between $170 million and $175 million, with diluted earnings per share of $0.10 to $0.11. A Software-as-a-Service interface illustrating the interconnectivity of users and the internet. In the first quarter of the year, the company swung to a net income of $31.8 million from a $93-million net loss in the same period last year. Revenues expanded by 144 percent to $159 million from $65 million year-on-year. Astera Labs, Inc. (NASDAQ:ALAB) is a semiconductor company providing solutions for cloud and AI infrastructures. While we acknowledge the potential of ALAB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-07-2025
- Business
- Yahoo
Astera Labs, Inc. (ALAB) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Astera Labs, Inc. (ALAB) closed at $90.80, marking a +2.52% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.83%. Elsewhere, the Dow gained 0.77%, while the tech-heavy Nasdaq added 1.02%. Shares of the company have depreciated by 6.98% over the course of the past month, underperforming the Computer and Technology sector's gain of 8.25%, and the S&P 500's gain of 4.99%. The investment community will be paying close attention to the earnings performance of Astera Labs, Inc. in its upcoming release. In that report, analysts expect Astera Labs, Inc. to post earnings of $0.33 per share. This would mark year-over-year growth of 153.85%. Meanwhile, our latest consensus estimate is calling for revenue of $172.71 million, up 124.74% from the prior-year quarter. For the full year, the Zacks Consensus Estimates are projecting earnings of $1.35 per share and revenue of $702.43 million, which would represent changes of +60.71% and +77.25%, respectively, from the prior year. Investors should also pay attention to any latest changes in analyst estimates for Astera Labs, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Astera Labs, Inc. currently has a Zacks Rank of #2 (Buy). Looking at its valuation, Astera Labs, Inc. is holding a Forward P/E ratio of 65.45. This signifies a premium in comparison to the average Forward P/E of 28.74 for its industry. Meanwhile, ALAB's PEG ratio is currently 1.51. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Software was holding an average PEG ratio of 2.22 at yesterday's closing price. The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 46, which puts it in the top 19% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Astera Labs, Inc. (ALAB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
