Nucor earnings beat by $0.08, revenue fell short of estimates
Sylvia Acevedo, a director at Credo Technology Group Holding Ltd (NASDAQ:CRDO), recently sold 32,291 shares of the company’s stock. The transactions, which occurred on March 7, 2025, were executed at an average price of $41.61 per share, totaling approximately $1.34 million. This insider sale comes as InvestingPro data shows the stock has experienced significant volatility, with a 75.5% gain over the past six months despite a recent 13.3% decline in the past week. Following these sales, Acevedo holds 21,433 shares of Credo Technology. The sale was conducted through multiple trades, with prices ranging from $41.54 to $42.03 per share. The company maintains strong financial health with a current ratio of 7.67 and impressive gross profit margins of 63.7%. InvestingPro analysis reveals 22 additional key insights about CRDO’s valuation and growth prospects, available in the comprehensive Pro Research Report.
In other recent news, Credo Technology Group Holding Ltd. reported strong financial results for the third quarter of fiscal year 2025, exceeding market expectations. The company achieved an earnings per share (EPS) of $0.25, surpassing the forecast of $0.18, and reported revenue of $135 million, significantly above the anticipated $120.29 million. Credo’s revenue saw a remarkable 154% increase year-over-year and an 87% rise sequentially. Stifel analysts maintained a Buy rating on Credo, setting a price target of $85, following the company’s impressive financial performance. The firm noted that Credo’s revenue of $135 million for the January quarter exceeded their estimate by 12.5%. Stifel also highlighted Credo’s raised outlook for the April quarter, projecting a revenue midpoint of $160 million, indicating an 18.5% sequential growth. The anticipated revenue growth is attributed to the ramp-up of Credo’s Advanced Electronic Components program, with contributions expected from other major product segments as well. Credo’s strategic focus on expanding into AI connectivity and PCIe retimers markets was also noted, with the company projecting over 50% revenue growth from FY2025 to FY2026.
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