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 price target raised to $70 from $43 at Needham
Needham raised the firm’s price target on Credo Technology (CRDO) to $70 from $43 and keeps a Buy rating on the shares. The firm cites the
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 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 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 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 ...
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 ...
Nvidia, Disney Shine On This Screen. But Here's The Real Star.
Nvidia stock continues to float near its buy zone as Disney sets up. But Credo Technology is the real star of this breakout ...
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.
Credo Technology Group (NASDAQ:CRDO) Shares Gap Up Following Analyst Upgrade
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 ...
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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 ...