Predicting the future is a fool's errand. If you had asked me just five years ago what 2024 would look like, I would have gotten it laughably wrong.
Credo Technology won an upgrade to buy from a TD Cowen analyst, who cited an expected jump in revenue. Credo stock has advanced 40% in 2024 amid rising expectations.
Analysts predict 62% revenue growth for Credo in fiscal 2025, up from 5% this year, as AI servers drive demand for active electrical cables.
Credo Technology Group Holding Ltd (NASDAQ:CRDO ) Q4 2024 Earnings Conference Call May 29, 2024 5:00 PM ET Company Participants Dan O'Neil - VP-Corporate Development & IR Bill Brennan - CEO Dan Fleming - CFO Conference Call Participants Quinn Bolton - Needham Tore Svanberg - Stifel Thomas O'Malley - Barclays Vijay Rakesh - Mizuho Richard Shannon - Craig-Hallum Karl Ackerman - BNP Paribas Suji Desilva - ROTH Operator Ladies and gentlemen, thank you for standing by. At this time, all participants are in a listen-only mode.
Credo Technology Group Holding Ltd. (CRDO) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.05 per share.