Credo Technology Group Holding Ltd reported a strong 115% year-over-year revenue growth with solid profit margins, but its shares fell 20% after earnings due to negative technical indicators and sector sentiment. The stock's valuation remains high with a forward price-to-earnings ratio of 33.5, raising concerns about overvaluation despite near-term growth. The analyst suggests waiting for the stock price to drop to $150 or below before considering re-entry, with a preferred full position at $100. For now, holding cash or selective shorting is advised given current market conditions.
Several tech stocks including Pasqal, Credo, Palo Alto Networks (PANW), FuelCell Energy (FCEL), and MongoDB (MDB) saw significant declines on September 2, 2026. Pasqal dropped over 21% despite positive quantum computing progress, likely due to profit...
Credo Technology Group Holding's stock fell 19% following its Q1 2027 earnings report, despite delivering solid financial results. The decline reflects broader market anxiety driven by inflation concerns, rising interest rates, and geopolitical tensi...
Credo Technology Group reported a 115% revenue increase, with management projecting over 85% annual growth through FY2027 and optical revenue surpassing $600 million. While growth in Active Electrical Cables (AEC) is stabilizing, emerging technologie...
Credo Technology Group Holding reported a record first-quarter revenue of $479 million, marking a 114.7% increase year-over-year and surpassing both company and Wall Street expectations. The company maintained strong non-GAAP gross margins at 68% and...
Credo reported a strong fiscal Q1 performance, beating estimates and raising its outlook, signaling accelerating growth. The company is benefiting from increasing demand for its optical scale-up technology, especially from hyperscalers beyond its tra...
