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.
The company's latest results indicate a stronger pace of investment from customers such as Microsoft and Amazon.com.
Stifel Nicolaus restated their buy rating on shares of Credo Technology Group (NASDAQ:CRDO – Free Report) in a research ...
Key Takeaways Credo Technology Group Holding beat second-quarter profit and sales estimates as the boom in artificial ...
Barclays analyst Tom O’Malley raised the firm’s price target on Credo Technology (CRDO) to $80 from $32 and keeps an Overweight rating on the ...
Credo Technology Group Holding Ltd (NASDAQ:CRDO – Get Free Report) saw some unusual options trading activity on Monday. Traders bought 3,364 call options on the company. This is an increase of 54% ...
Shares of Credo Technology (CRDO) are surging following a strong fiscal second quarter earnings report, with Wall Street's ...
Stifel raised the firm’s price target on Credo Technology (CRDO) to $75 from $50 and keeps a Buy rating on the shares following a “strong” ...
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.
Super Micro stock trades lower after Monday’s sharp gains, Tesla falls after a judge again rejects CEO Elon Musk’s pay ...
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