Credo Technology Group (NASDAQ:CRDO) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Credo Technology Group (NASDAQ:CRDO) announced its earnings results on Tuesday. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02), Zacks reports. Credo Technology Group had a negative return on equity of 2.94% and a negative net margin of 9.70%. Credo Technology Group updated its Q4 2025 guidance to EPS.

Credo Technology Group Stock Performance

NASDAQ:CRDO traded up $3.90 during midday trading on Tuesday, reaching $54.32. 11,505,414 shares of the stock traded hands, compared to its average volume of 5,660,972. The company has a fifty day moving average of $70.63 and a 200 day moving average of $52.03. Credo Technology Group has a 12 month low of $16.82 and a 12 month high of $86.69. The stock has a market capitalization of $9.08 billion, a P/E ratio of -362.13 and a beta of 2.09.

Insider Activity

In other news, CEO William Joseph Brennan sold 143,880 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $67.65, for a total value of $9,733,482.00. Following the completion of the transaction, the chief executive officer now owns 2,370,858 shares in the company, valued at $160,388,543.70. This trade represents a 5.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lip Bu Tan sold 3,799 shares of Credo Technology Group stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $70.73, for a total value of $268,703.27. Following the sale, the director now owns 1,709,926 shares in the company, valued at $120,943,065.98. This represents a 0.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,338,175 shares of company stock valued at $92,697,698. Insiders own 16.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CRDO shares. Susquehanna began coverage on shares of Credo Technology Group in a research report on Tuesday, December 17th. They issued a “neutral” rating and a $80.00 price objective on the stock. Barclays increased their price target on shares of Credo Technology Group from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. TD Cowen lifted their price objective on shares of Credo Technology Group from $45.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group increased their target price on Credo Technology Group from $65.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Stifel Nicolaus raised their price target on Credo Technology Group from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 6th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $76.40.

Credo Technology Group Company Profile

Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP, as well as integrated circuits, active electrical cables.