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Allegro MicroSystems Forecasts Data Center Revenue and High Earnings Growth

Nasdaq +1 ·

ALGM
ALGM Allegro Microsystems Inc
$38.46 -2.71%
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  1. 1Allegro MicroSystems recorded a 39% increase in its stock price over the past year.
  2. 2Allegro MicroSystems achieved 32% growth in its data center business quarter-over-quarter in the first fiscal quarter.
  3. 3Analysts expect Allegro MicroSystems' earnings to grow at an annual rate of 37% over the coming years.

So what's the key point?

Allegro MicroSystems' data center business grew by 32% compared to the previous quarter. Experts expect the company's earnings to increase by 37% every year moving forward.

Source Nasdaq +1 · View original ↗

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