Credo technology chief legal officer Laufman sells $425k in shares

Credo Technology Group Holding Ltd (NASDAQ:CRDO), a $14.5 billion market cap company trading near its 52-week high of $86.88, saw its Chief Legal Officer, James Laufman, sell 5,000 ordinary shares on June 20, 2025, for $85.0701, totaling $425,350. The transaction comes as the stock has delivered an impressive 201% return over the past year. According to InvestingPro analysis, the company currently appears overvalued, with a "GREAT" financial health score. Following the transaction, Laufman directly owns 249,346 shares of Credo Technology Group Holding Ltd. For deeper insights into CRDO’s valuation and 23 additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Credo Technology Group has reported notable financial achievements and strategic advancements. The company experienced a 25.9% quarter-over-quarter increase in revenue, surpassing previous estimates by 6.3%, with non-GAAP earnings per share reaching $0.35, exceeding expectations by $0.08. Credo’s fiscal year 2026 revenue guidance is set to exceed $800 million, marking an 85% year-over-year increase, driven by the expansion of its Application Engineered Chip (AEC) sales and optical Digital Signal Processor (DSP) programs. Analysts from TD Cowen, Stifel, and Needham have all raised their price targets for Credo Technology, with TD Cowen increasing its target to $95 and Stifel and Needham both setting targets at $85, reflecting strong growth prospects and robust financial performance.

The company’s revenue guidance midpoint stands at $190 million, indicating an 11.7% quarter-over-quarter growth, attributed to the ramp-up of the AEC program and consistent growth in Optical DSPs. Credo Technology has also achieved customer diversification, with three to four customers expected to account for more than 10% of revenue through fiscal year 2026. Additionally, Credo secured an 800G optical DSP win at a hyperscaler, projecting that its optical division’s revenue will double in FY26. Noble Capital reiterated its Outperform rating for Credo, citing a compelling valuation compared to industry peers. These developments underscore Credo Technology’s leadership in AI and data center connectivity, supported by its proprietary SerDes technology and full-solution ownership.

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