Allegro MicroSystems, Inc. (ALGM)
| Previous Close | 29.36 |
| Open | 24.98 |
| Bid | 27.63 x 200 |
| Ask | 27.72 x 1300 |
| Day's Range | 23.64 - 28.05 |
| 52 Week Range | 23.64 - 53.05 |
| Volume | |
| Avg. Volume | 1,525,918 |
| Market Cap | 5.342B |
| Beta (5Y Monthly) | 1.72 |
| PE Ratio (TTM) | 24.26 |
| EPS (TTM) | 1.14 |
| Earnings Date | May 09, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 38.50 |
StockStoryWhy Allegro MicroSystems (ALGM) Stock Is Trading Lower Today
Shares of chip designer Allegro MicroSystems (NASDAQ:ALGM) fell 18.4% in the morning session after the company reported first quarter results. Its revenue guidance for next quarter missed analysts' expectations and its operating margin shrunk. Gross margin also declined significantly, while inventory levels ticked up slightly.
ZacksAllegro MicroSystems, Inc. (ALGM) Q4 Earnings and Revenues Beat Estimates
Allegro MicroSystems (ALGM) delivered earnings and revenue surprises of 19.05% and 2.38%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
- StockStory
Allegro MicroSystems's (NASDAQ:ALGM) Q1 Sales Top Estimates But Quarterly Guidance Underwhelms
Chip designer Allegro MicroSystems (NASDAQ:ALGM) reported results ahead of analysts' expectations in Q1 CY2024, with revenue down 10.7% year on year to $240.6 million. On the other hand, next quarter's revenue guidance of $165 million was less impressive, coming in 22.7% below analysts' estimates. It made a non-GAAP profit of $0.25 per share, down from its profit of $0.37 per share in the same quarter last year.
