Credo Technology Group (CRDO) Scheduled to Post Quarterly Earnings on Monday

Credo Technology Group (NASDAQ:CRDO) will release its earnings data after the market closes on Monday, December 2nd. Analysts expect Credo Technology Group to post earnings of $0.05 per share for the quarter. Credo Technology Group has set its Q2 2025 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Credo Technology Group (NASDAQ:CRDO) last released its earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). Credo Technology Group had a negative net margin of 12.05% and a negative return on equity of 3.74%. The business had revenue of $59.71 million during the quarter, compared to the consensus estimate of $59.50 million. On average, analysts expect Credo Technology Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Credo Technology Group Stock Performance

CRDO opened at $45.84 on Monday. The business’s 50-day simple moving average is $37.37 and its 200 day simple moving average is $31.05. Credo Technology Group has a 52-week low of $16.82 and a 52-week high of $48.94. The firm has a market capitalization of $7.61 billion, a PE ratio of -286.50 and a beta of 2.19.

Insider Transactions at Credo Technology Group

In other Credo Technology Group news, CTO Chi Fung Cheng sold 55,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $47.37, for a total value of $2,605,350.00. Following the completion of the transaction, the chief technology officer now owns 8,728,602 shares in the company, valued at $413,473,876.74. This trade represents a 0.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Daniel W. Fleming sold 108,790 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $31.10, for a total transaction of $3,383,369.00. Following the transaction, the chief financial officer now owns 676,386 shares of the company’s stock, valued at $21,035,604.60. This trade represents a 13.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,324,817 shares of company stock worth $43,552,936 in the last quarter. 16.04% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on CRDO. Craig Hallum boosted their target price on Credo Technology Group from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Barclays raised their target price on shares of Credo Technology Group from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Bank of America upped their target price on Credo Technology Group from $25.00 to $27.00 and gave the stock an “underperform” rating in a research note on Thursday, September 5th. TD Cowen raised shares of Credo Technology Group to a “strong-buy” rating in a report on Monday, September 16th. Finally, Stifel Nicolaus raised their target price on Credo Technology Group from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.56.

About Credo Technology Group

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.