Key Stats for CRDO Stock
- Price Change for CRDO stock: -14.8%
- $CRDO Share Price as of March 03: $97
- 52-Week High: $214
- $CRDO Stock Price Target: $208
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What Happened?
Credo Technology Group (CRDO) stock fell about 15% after the company reported fiscal Q3 results. The company posted revenue of $407 million and adjusted EPS of $1.07. Both figures beat consensus estimates, but the stock still sold off.
Investors appeared to focus on profitability signals and forward margin commentary. Credo’s GAAP gross margin was about 68.5% in Q3, but the company guided a lower gross margin for Q4. That margin setup likely outweighed the headline beat for some investors.
The company also announced it acquired CoMira Solutions, which adds link-layer, ECC, and security semiconductor IP. Management framed the deal as supportive of scale-up and scale-out AI architectures. The acquisition headline added to a busy news cycle around the print.
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What the Market Is Telling Us About CRDO Stock
The move suggests investors are demanding “beat and raise” results with clean margins. Credo delivered rapid top-line growth, but the market also priced in high expectations. So even small margin concerns can pressure the stock.
Fundamentally, Credo’s recent growth has been exceptional. LTM revenue is about $1.1 billion, up 126.3% year over year. Gross margin is 67.8%, and EBIT margin is 30.3%, showing strong operating leverage.
Credo’s balance sheet also looks conservatively positioned. It reports net cash, with LTM net debt of about -$1.3 billion. That gives the company flexibility for investment and M&A.
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Should You Invest in Credo Technology Group Holding Ltd?
The only way to really know is to look at the numbers yourself. TIKR gives you free access to the same institutional-quality financial data that professional analysts use to answer exactly that question.
Pull up CRDO, and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.
You can build a free watchlist to track CRDO alongside every other stock on your radar. No credit card required. Just the data you need to decide for yourself.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
