These Analysts Boost Their Forecasts On Credo Technology Group After Upbeat Results
Credo Technology reported quarterly earnings of 7 cents per share which beat the analyst consensus estimate of 5 cents per share. The company reported quarterly sales of $72.000 million which beat the analyst consensus estimate of $66.789 million.
Why Credo Technology Group Rocketed Nearly 50% Today
Credo makes a unique cable product called an active electrical cable (AEC), which connects data center servers to networking switches. The company claims its AECs take up 75% less space than Direct Attach Copper (DAC) cables and offer 50% more power efficiency versus active optical cable (AOC) alternatives.
Credo Technology Q2: Infection Point Has Arrived
Credo Technology delivered a strong Q2 FY25 result, reporting a 63.6% YoY revenue growth, exceeding expectations. See why I reiterate a buy rating on CRDO stock.
Credo Technology Group Holding Ltd. (CRDO) Q2 Earnings and Revenues Top Estimates
Credo Technology Group (CRDO) delivered earnings and revenue surprises of 40% and 8.32%, respectively, for the quarter ended October 2024. Do the numbers hold clues to what lies ahead for the stock?
Credo Technology Reports Strong Q2 Financial Performance
Credo Technology Group Holding Ltd. ( (CRDO) ) has released its Q2 earnings. Here is a breakdown of the information Credo Technology Group
Credo Technology surges as Q2 results, guidance top expectations
Credo Technology (CRDO) shares were active in late trading on Monday after the technology company reported fiscal second-quarter results. Read for more.
These Stocks Are Moving the Most Today: Super Micro, Tesla, U.S. Steel, Palantir, AT&T, Zscaler, Credo Technology, and More
Super Micro stock trades lower after Monday’s sharp gains, Tesla falls after a judge again rejects CEO Elon Musk’s pay ...
Credo Stock Surges On Earnings, Blowout Guidance Amid AI 'Inflection Point'
Credo Technology surged on strong fiscal Q2 earnings and booming guidance as it hailed an AI "inflection point" and new cloud ...
Credo Technology price target raised to $80 from $45 at Roth MKM
Roth MKM raised the firm’s price target on Credo Technology (CRDO) to $80 from $45 and keeps a Buy rating on the shares. The firm cites the ...
Why Credo Technology Group Shares Are Trading Higher By 40%; Here Are 20 Stocks Moving Premarket
Credo Technology Group shares jumped 40.2% to $67.00 in the pre-market trading session. Here are some other stocks moving in ...
Credo Technology Shares Gain Following Earnings Beat, Higher-Than-Expected Outlook
Shares of Credo Technology Group gained after the company narrowed its loss and posted higher revenue in its fiscal second quarter, while guiding for higher-than-expected sales in the current frame.
Credo Technology Group: Strong Financial Performance and Strategic Market Leadership Justify Buy Rating
Credo Technology Group Holding Ltd (CRDO – Research Report), the Technology sector company, was revisited by a Wall Street analyst today.
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Unstoppable Growth: Credo Technology’s (CRDO) Record-Breaking Quarter and Stock Surge
Cash Reserves: Credo’s balance sheet is solid with $383.0 million in cash and short-term investments, providing ample runway for future investments and growth.
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Credo shares rocket 33% after 64% jump in revenue, narrowed quarterly loss
Credo Technology Group Holding Ltd (NASDAQ:CRDO) on Monday posted a 64% surge in second-quarter revenue, driven by robust demand for its connectivity solutions fueled by increasing AI deployments. The ...
Credo Technology Group Stock Hits All-Time High on Soaring AI Products Demand
Key Takeaways Credo Technology Group Holding beat second-quarter profit and sales estimates as the boom in artificial ...