CRDO - Credo Technology Group Holding Ltd
Credo Technology Group (NASDAQ: CRDO - Get Free Report) and Paragon ID (OTCMKTS:PAGDF - Get Free Report) are both technology companies, but which is the better stock? We will contrast the two businesses based on the strength of their profitability, analyst recommendations, institutional ownership, earnings, risk, dividends and valuation. Earnings and Valuation This table compares Credo
Credo Technology reported Q1 revenue up 115% year over year and earnings up 131%, beating analyst estimates across the board. Despite the strong results, the stock dropped 20% on concerns about customer concentration and high valuation.
Credo Technology Group Holding Ltd is rated Hold despite strong fundamentals, as technicals and sector sentiment have turned sharply negative. CRDO posted 115% YoY revenue growth and strong margins, but even positive earnings couldn't prevent a 20% post-earnings selloff. Valuation remains elevated with a forward P/E of 33.5, and sector overvaluation risks outweigh near-term growth prospects.
Credo Technology Group Holding is dropping after earnings, down 19%. CRDO turned in solid results, but the market is in panic mode. For those looking for a buying opportunity in CRDO stock, this is it.
CRDO's strong Q1 growth and AI demand face a key test as optical ramps, customer concentration and valuation raise risks.
Dell Technologies Inc (NYSE:DELL) is up 3.9% after the tech hardware titan posted better-than-expected second-quarter earnings and revenue and raised its full-year forecast amid strong AI server demand.
Credo Technology Group (CRDO) shares fell about 7% Wednesday even after the semiconductor connectivity provider posted triple-digit revenue growth and earnings
CRDO sees optics as its next major growth engine, with fiscal 2027 optical revenues on track to top $600 million as AECs keep expanding.
Credo Technology Group stock continued its strong freefall, even after the company published encouraging financial results. CRDO dropped by over 9% in the premarket session, reaching its lowest level since July 30th.
Credo Technology Group (CRDO) fell 11.09% premarket after first quarter revenue rose 114.7% to $479.0 million, ahead of the $473.30 million consensus. Non-GAAP
CRDO's AI-driven connectivity boom is accelerating, with optical growth and new silicon photonics products poised to fuel a major fiscal 2027 revenue inflection.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) on Tuesday posted better-than-expected financial results for the first quarter of fiscal 2027.
Credo Technology Group Holding Ltd (CRDO) Q1 2027 Earnings Call Transcript
Credo Technology Group NASDAQ: CRDO reported record fiscal first-quarter 2027 revenue of $479 million, up 10% sequentially and 115% from a year earlier, as demand for AI infrastructure connectivity products continued to expand.
Credo Technology Group Holding Ltd. (CRDO) came out with quarterly earnings of $1.2 per share, beating the Zacks Consensus Estimate of $1.17 per share.
SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Technology Group Holding Ltd (Credo) (Nasdaq: CRDO), an innovator in providing connectivity at scale through fast, reliable, and energy-efficient system solutions, today announced financial results for the first quarter of fiscal year 2027, ended August 1, 2026. First Quarter of Fiscal Year 2027 Financial Highlights Revenue of $479.0 million, grew by 9.6% quarter over quarter and 114.7% year over year GAAP gross margin of 64.5% and non-GAAP gross margin.
Credo Technology carries a 57% year-to-date gain and a 3.2 beta into tonight's Q1 print, where optical margins and hyperscaler concentration could either cement the AI connectivity thesis or send a richly valued stock into a sharp reversal.
The consensus price target hints at a 28.2% upside potential for Credo Technology Group (CRDO). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Credo Technology Group Holding Ltd. (NASDAQ:CRDO) shares are in the spotlight Tuesday, with earnings on deck today, key growth metrics in focus, a technical setup showing a cooling trend and Edge Rankings all drawing attention.
SAN JOSE, Calif.--(BUSINESS WIRE)-- #WeConnect--Credo joins Open CPX MSA organization to support development of interoperable near-package and co-packaged optical interconnects for AI infrastructure.