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.
Key Takeaways Credo Technology Group Holding beat second-quarter profit and sales estimates as the boom in artificial ...
Stifel Nicolaus restated their buy rating on shares of Credo Technology Group (NASDAQ:CRDO – Free Report) in a research ...
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 ...
Credo Technology Group Holding Ltd specializes in high-speed connectivity solutions, catering to a global market including the United States, Mexico, China, and Hong Kong. With a focus on both ...
Shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO – Get Free Report) gapped up prior to trading on Tuesday after Craig Hallum raised their price target on the stock from $38.00 to $75.00. The ...
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 (NASDAQ:CRDO) is preparing to release its quarterly earnings on Monday, 2024-12-02. Here's a brief overview of what investors should keep in mind before the announcement.
Credo Technology surged on strong fiscal Q2 earnings and booming guidance as it hailed an AI "inflection point" and new cloud ...
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