Why Credo Technology Stock Exploded Higher Today
Credo stock costs a lot -- and may be worth it.
Shares of San Jose-based high-speed connectivity solutions provider Credo Technology Group (NASDAQ: CRDO) stock jumped 24.5% through 10:10 a.m. ET this morning after beating analyst forecasts last night.
Heading into its fiscal fourth quarter of 2025, analysts forecast Credo would earn only $0.27 per share on less than $160 million in sales. In fact, Credo reported last night, it earned $0.35 per share, adjusted for one-time items, and sales were $170 million, for the period ended May 3.
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