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

Credo Technology Group (NASDAQ:CRDO - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.16 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02), Zacks reports. The business had revenue of $135.00 million during the quarter, compared to analysts' expectations of $120.36 million. Credo Technology Group had a negative net margin of 9.70% and a negative return on equity of 2.94%. Credo Technology Group updated its Q4 2025 guidance to EPS.

Credo Technology Group Stock Up 3.9 %

NASDAQ CRDO traded up $1.63 during mid-day trading on Friday, hitting $43.70. The stock had a trading volume of 8,368,709 shares, compared to its average volume of 3,090,954. Credo Technology Group has a 52-week low of $16.82 and a 52-week high of $86.69. The company has a market cap of $7.31 billion, a price-to-earnings ratio of -291.33 and a beta of 2.16. The company has a 50 day simple moving average of $68.69 and a 200 day simple moving average of $52.18.

Analyst Ratings Changes

A number of analysts recently issued reports on CRDO shares. Mizuho upped their target price on Credo Technology Group from $70.00 to $85.00 and gave the company an "outperform" rating in a research report on Friday, January 10th. Needham & Company LLC reissued a "buy" rating and issued a $80.00 target price on shares of Credo Technology Group in a research report on Wednesday. Stifel Nicolaus increased their price objective on Credo Technology Group from $75.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Craig Hallum increased their price objective on Credo Technology Group from $38.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. Finally, TD Cowen increased their price objective on Credo Technology Group from $45.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $74.90.

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Insider Activity at Credo Technology Group

In other Credo Technology Group news, Director Pantas Sutardja sold 21,041 shares of the firm's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $68.19, for a total transaction of $1,434,785.79. Following the completion of the transaction, the director now owns 5,904,277 shares of the company's stock, valued at approximately $402,612,648.63. This trade represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Daniel W. Fleming sold 3,790 shares of the firm's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $69.93, for a total value of $265,034.70. Following the transaction, the chief financial officer now directly owns 652,666 shares of the company's stock, valued at $45,640,933.38. The trade was a 0.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,190,496 shares of company stock valued at $82,695,512 in the last ninety days. Corporate insiders own 16.04% of the company's stock.

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.