Credo Technology Group Shares Are On The Rise Today: What's Going On?
Credo Technology Group Holding Ltd (NASDAQ: CRDO) shares are trading higher Tuesday following the announcement of its second-quarter fiscal 2025 financial results, which significantly exceeded expectations.
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 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.
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.
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 Reports Second Quarter of Fiscal Year 2025 Financial Results
Credo Technology Group Holding Ltd (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase through the data infrastructure market,
Credo Technology Stock Soars 40%. Why It’s the Latest AI Data Center Darling.
The company's latest results indicate a stronger pace of investment from customers such as Microsoft and Amazon.com.
Credo Technology Group (NASDAQ:CRDO) Receives Buy Rating from Stifel Nicolaus
Stifel Nicolaus restated their buy rating on shares of Credo Technology Group (NASDAQ:CRDO – Free Report) in a research ...
Credo Technology price target raised to $75 from $38 at Craig-Hallum
Craig-Hallum raised the firm’s price target on Credo Technology (CRDO) to $75 from $38 and keeps a Buy rating on the shares. The firm says ...
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 Technology Group Sees Unusually Large Options Volume (NASDAQ:CRDO)
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% ...
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 ...
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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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BofA double upgrades Credo stock after strong Q3 print
BofA Securities analysts double upgraded Credo Technology Group Holding Ltd (NASDAQ:CRDO) stock from Underperform to Buy on Tuesday, following the company’s strong earnings report that sent its shares ...