$CRDO

Credo Technology Group Holding Ltd (CRDO) filed an SEC Form 8-K — Submission of Matters to a Vote of Security Holders. Item 5.07 Submission of Matters to a Vote of Security Holders. The 2026 Annual General Meeting of Credo Technology Group Holding Ltd (the “Company”) was held on October 12, 2026. At the 2026 Annual General Meeting, the Company’s shareholders voted on the following proposals, whic

Credo (CRDO) is a key supplier of connections for AI processors, with a 24/7 Wall St. price target of $247.25, implying 31.9% upside. The stock is down 15.13% over the past week but up 30.25% year-to-date. Credo reported fiscal Q1 2027 revenue of $479 million, up 114.7% YoY, and guided Q2 revenue to $525M-$535M. The company's optical business is growing, with expectations of over $600M in fiscal 2027 optical revenue.

Credo (CRDO) and Coherent (COHR) are both benefiting from AI data center growth. CRDO focuses on high-speed connectivity, with record revenues in optical DSPs and silicon photonics, aiming for 85% YoY growth in 2027. COHR specializes in lasers and optical networking, expecting Q1 2027 revenues of $2.2B-$2.4B and $3B+ by fiscal 2027 end. Both face risks like customer concentration and execution challenges.

Rosenblatt maintained a Neutral rating on Credo Technology Group with a $235 price target, implying a 31.1% upside from the Oct 14 close of $179.22. The rating reflects market concerns about AI funding and peer performance in the optical technology sector, according to the analyst note.

Cheng Chi Fung (Chief Technology Officer) sold 27,500 indirectly-held shares of Credo Technology Group Holding Ltd (CRDO) at an average of $192.99 ($186.11–$199.56, $5.31M total) across 14 trades on 2026-10-13 under a Rule 10b5-1 trading plan.

Cheng Chi Fung (Chief Technology Officer) sold 3,790 shares of Credo Technology Group Holding Ltd (CRDO) at $201.84 ($0.76M total) on 2026-10-12 under a Rule 10b5-1 trading plan.

Fleming Daniel W. (Chief Financial Officer) sold 7,580 shares of Credo Technology Group Holding Ltd (CRDO) at an average of $212.91 ($211.28–$215.08, $1.61M total) across 5 trades on 2026-10-08 under a Rule 10b5-1 trading plan.

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 (CRDO) shares fell 7.3% on October 12, 2026, with a P/E ratio of 69.4 and P/S ratio of 23.5. Q1 2027 revenue grew 115% YoY to $479M, though growth has slowed from prior quarters. Management expects fiscal 2027 revenue growth of over 85% and optical revenue of over $600M. The company has a strong balance sheet with $0.7B more cash than debt.

Credo Technology Group (CRDO) reported fiscal Q1 2027 revenue of $479.0M, up 114.7% YoY, with a non-GAAP gross margin of 68.0%. The company's forward P/E is 34.34, down from a 5-year average of 138.77. Revenue growth is driven by two major customers, accounting for 71% of total revenue. Credo acquired DustPhotonics for $1.3B to expand its optical connectivity offerings. Analysts expect EPS growth of 53.66% in 2028, but risks include customer concentration and inventory levels.