Laufman James sold $925K of CRDO

Credo Technology (NASDAQ:CRDO) shares fell 5.1% to $190.52 after announcing its new AI optical cable will not ship until 2027. The company reported $479M in Q3 sales and forecasts $525M-$535M for Q4. Investors focus on near-term growth from existing products.

Credo Technology Group CEO William Brennan sold 16,672 shares worth $2.5M under a pre-planned 10b5-1 trading plan, at $151.88 each. He retains 2.1M shares. CRDO stock is down 7% YoY but up 1.27% today. The company specializes in high-speed connectivity solutions and reported 115% YoY sales growth in Q1.

Credo Technology (CRDO) shares rose 6.0% to $186.49 after analysts highlighted its optical networking solutions at ECOC 2026. Mizuho maintained an Outperform rating, lowering its target to $245, while Rosenblatt initiated coverage with a Buy and a $235 target. The stock trades 43% below its 52-week high despite 115% revenue growth, with consensus targets implying 61% upside.

Credo Technology Group (CRDO) reported Q1 2027 revenue of $479M, up 114.7% YoY, with Q2 guidance of $525-535M. NVIDIA (NVDA) reported Q2 2027 revenue of $96.2B, up 106% YoY, with Q3 guidance of $108B. Both companies show strong AI-driven growth, but NVIDIA's scale and profitability outpace Credo's.

Credo Technology (CRDO) will showcase 1.6T optical connectivity solutions for AI networks at ECOC 2026. The tech, including 1.6T 2xDR4 modules, targets rising bandwidth demands in AI and cloud infrastructure. Q1 2027 revenue was $479M, up 114.7% YoY. CRDO stock is up 21% YTD, with guidance for Q2 revenue of $525M-$535M.

Credo Technology Group (CRDO) reported $236.3M in adjusted profit and $82.9M in free cash flow for its fiscal first quarter. Shares fell 42.14% over the past month to $150.39, despite 18 of 19 analysts maintaining Buy ratings with a $281.47 consensus target. Revenue grew 114.7% year over year, but concerns arise over the gap between profit and cash flow.