Credo Technology Group (CRDO) to Release Quarterly Earnings on Monday

Credo Technology Group (NASDAQ:CRDO) will post its quarterly earnings results 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 listen to the company’s earnings conference call can do so using this link.

Credo Technology Group (NASDAQ:CRDO) last announced its earnings results on Wednesday, September 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The business had revenue of $59.71 million during the quarter, compared to analyst estimates of $59.50 million. Credo Technology Group had a negative net margin of 12.05% and a negative return on equity of 3.74%. 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 Price Performance

Shares of CRDO stock opened at $45.84 on Monday. The firm has a market cap of $7.61 billion, a P/E ratio of -286.50 and a beta of 2.19. Credo Technology Group has a 1-year low of $16.82 and a 1-year high of $48.94. The firm has a fifty day moving average of $37.37 and a two-hundred day moving average of $31.05.

Analysts Set New Price Targets

A number of analysts have weighed in on CRDO shares. Bank of America increased their target price on shares of Credo Technology Group from $25.00 to $27.00 and gave the stock an “underperform” rating in a report on Thursday, September 5th. Stifel Nicolaus boosted their target price on shares of Credo Technology Group from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Barclays upped their target price on Credo Technology Group from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. TD Cowen upgraded shares of Credo Technology Group to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Needham & Company LLC upped their target price on Credo Technology Group from $29.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Credo Technology Group presently has a consensus rating of “Moderate Buy” and an average price target of $36.56.

Insider Transactions at Credo Technology Group

In related news, CEO William Joseph Brennan sold 143,880 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $25.75, for a total value of $3,704,910.00. Following the completion of the transaction, the chief executive officer now directly owns 2,529,738 shares of the company’s stock, valued at $65,140,753.50. This trade represents a 5.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Chi Fung Cheng sold 55,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $32.06, for a total value of $1,763,300.00. Following the completion of the transaction, the chief technology officer now directly owns 9,113,602 shares of the company’s stock, valued at approximately $292,182,080.12. The trade was a 0.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,324,817 shares of company stock worth $43,552,936 in the last 90 days. 16.04% of the stock is owned by insiders.

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.