Credo Technology ( CRDO ) shares closed slightly higher, recovering from a 15% decline in after-hours trading following the company's Q4 earnings report, despite reporting a massive 157% year-over-year revenue surge to $437 million in its fourth quarter. While the company delivered a double beat on both top and bottom lines, the stock faced pressure as investors weighed a steep pre-earnings rally ...
Credo Technology ( CRDO ) shares closed slightly higher, recovering from a 15% decline in after-hours trading following the company's Q4 earnings report, despite reporting a massive 157% year-over-year revenue surge to $437 million in its fourth quarter. While the company delivered a double beat on both top and bottom lines, the stock faced pressure as investors weighed a steep pre-earnings rally against guidance that some perceived as only a modest beat relative to high expectations. Still, despite the initial negative market reaction, analyst sentiment remains overwhelmingly positive as experts look toward a significant inflection point in the company’s optical product roadmap. What Do Seeking Alpha Analysts Say About Credo Technology’s Future? Despite the post-earnings volatility, many analysts view the dip as a significant buying opportunity. Bullish investors pointed to the company’s robust AI-driven demand and the projected acceleration of its optical segment, which is expected to generate over $600 million in revenue in fiscal 2027. They highlighted the successful deployment of Active Electrical Cables for AI data center clusters and the potential for the DustPhotonics acquisition to drive long-term growth in the optical space. Bearish investors, however, highlighted the company’s high valuation and the risk of margin compression as it shifts toward lower-margin optical products. With the stock trading at roughly 38x forward earnings, some analysts argued that there is little room for multiple expansion and that future upside is strictly dependent on continued outsized earnings beats. There were also concerns raised regarding customer concentration. While the concentration risk is moderating, the top three customers still account for 77% of total revenue, leaving the company vulnerable to potential CAPEX cuts from a small group of large-scale clients. Here’s a breakdown of what some analysts had to say: Julian Lin, Rating: Buy: “Credo Technology remains a ‘Bu...
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
The SPDR SSGA US Sector Rotation ETF is seeing unusually high volume in afternoon trading Friday, with over 478,000 shares traded versus three month average volume of about 65,000. Shares of XLSR were off about 1.8% on the day. Components of that ETF with the highest volume on
The SPDR SSGA US Sector Rotation ETF is seeing unusually high volume in afternoon trading Friday, with over 478,000 shares traded versus three month average volume of about 65,000. Shares of XLSR were off about 1.8% on the day. Components of that ETF with the highest volume on
In trading on Friday, the iShares U.S. Consumer Staples ETF is outperforming other ETFs, up about 2.1% on the day. Components of that ETF showing particular strength include shares of Coca-cola Consolidated, up about 4.4% and shares of Pilgrims Pride, up about 4% on the day. A
In trading on Friday, the iShares U.S. Consumer Staples ETF is outperforming other ETFs, up about 2.1% on the day. Components of that ETF showing particular strength include shares of Coca-cola Consolidated, up about 4.4% and shares of Pilgrims Pride, up about 4% on the day. A
In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Corteva Inc (Symbol: CTVA) has taken over the #94 spot from Ciena Corp (Symbol: CIEN), according to ETF Channel. Below is a chart of Corteva Inc versus Ciena Corp pl
In a study of analyst recommendations at the major brokerages, for the underlying components of the S&P 500, Corteva Inc (Symbol: CTVA) has taken over the #94 spot from Ciena Corp (Symbol: CIEN), according to ETF Channel. Below is a chart of Corteva Inc versus Ciena Corp pl
Billionaire investor Bill Ackman of Pershing Square has laid out one of the more provocative big-cap calls of this AI cycle. On the All-In Podcast, he argued that today’s mega-cap incumbents are being treated the way the market treated Warren Buffett’s empire, Berkshire Hathaway, at the peak of the dot-com bubble: as yesterday’s story while ... Billionaire Investor Bill Ackman: Buying Microsoft, M...
Billionaire investor Bill Ackman of Pershing Square has laid out one of the more provocative big-cap calls of this AI cycle. On the All-In Podcast, he argued that today’s mega-cap incumbents are being treated the way the market treated Warren Buffett’s empire, Berkshire Hathaway, at the peak of the dot-com bubble: as yesterday’s story while ... Billionaire Investor Bill Ackman: Buying Microsoft, Meta, and Amazon Today Could Be Like Adding Buffett’s Berkshire Hathaway 25 Years Ago
A study of analyst recommendations at the major brokerages shows that Pan American Silver Corp (Symbol: PAAS) is the #41 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channe
A study of analyst recommendations at the major brokerages shows that Pan American Silver Corp (Symbol: PAAS) is the #41 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channe
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Corteva is now the #94 analyst pick, moving up by 1 spot. This rank is formed by averaging the analyst opinions for each component from each br
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Corteva is now the #94 analyst pick, moving up by 1 spot. This rank is formed by averaging the analyst opinions for each component from each br
peterschreiber.media/iStock via Getty Images Duke Energy ( DUK ) up 1.6% in Friday's trading after saying it was selected by the U.S. Department of Energy for as much as $61.8M in new grant funding to support projects upgrading coal-fired power plants in Kentucky and North Carolina . The new funding includes up to $33.4M for East Bend Station in Kentucky and up to $28.4M for Roxboro Station units ...
peterschreiber.media/iStock via Getty Images Duke Energy ( DUK ) up 1.6% in Friday's trading after saying it was selected by the U.S. Department of Energy for as much as $61.8M in new grant funding to support projects upgrading coal-fired power plants in Kentucky and North Carolina . The new funding includes up to $33.4M for East Bend Station in Kentucky and up to $28.4M for Roxboro Station units 2 and 3 in North Carolina; combined with a previously announced $34M grant for the Belews Creek Steam Station in North Carolina, total DoE funding for Duke Energy ( DUK ) projects at these sites reaches nearly $96M. The news follows the company's recent announcements outlining billions in customer savings, including last week's news that Duke Energy Florida ( DUK ) is implementing its third rate reduction of 2026 from June through September, lowering residential customer bills by ~$50, or 25%, when compared to January, for every 1,000 kWh of energy used. The grant funding is part of President Trump's invoking of the Defense Production Act to direct hundreds of millions of dollars to support U.S. coal-fired power plants and coal exports. More on Duke Energy Duke Energy Aims To Manage Large Energy Project Risks By Courting Tech Companies Duke Energy: Buy On Steady Path To Grow Duke Energy Q1 2026 Earnings Call Transcript
The Board of Directors at Verizon Communications today declared a quarterly dividend of 70.75 cents per outstanding share, consistent with the prior quarter's dividend rate. The quarterly dividend is payable on August 3, 2026 to Verizon shareholders of record at the close of bus
The Board of Directors at Verizon Communications today declared a quarterly dividend of 70.75 cents per outstanding share, consistent with the prior quarter's dividend rate. The quarterly dividend is payable on August 3, 2026 to Verizon shareholders of record at the close of bus
In trading on Friday, insurance brokers shares were relative leaders, up on the day by about 1.5%. Leading the group were shares of MediaAlpha, up about 5.7% and shares of Bowhead Specialty Holdings up about 5.1% on the day. Also showing relative strength are trucking shares,
In trading on Friday, insurance brokers shares were relative leaders, up on the day by about 1.5%. Leading the group were shares of MediaAlpha, up about 5.7% and shares of Bowhead Specialty Holdings up about 5.1% on the day. Also showing relative strength are trucking shares,
Even if you've done nothing wrong, it's never a good idea to hand your phone to the cops . But international travelers at American airports often have no choice - even if they're US citizens. When Minnesota labor organizer Janette Zahia Corcelius returned home from a three-week trip to Europe in late April, she was detained and questioned by customs agents at Minneapolis-St. Paul International Air...
Even if you've done nothing wrong, it's never a good idea to hand your phone to the cops . But international travelers at American airports often have no choice - even if they're US citizens. When Minnesota labor organizer Janette Zahia Corcelius returned home from a three-week trip to Europe in late April, she was detained and questioned by customs agents at Minneapolis-St. Paul International Airport. Before they let her go, the agents searched her luggage twice, confiscated political literature she had purchased abroad, and seized her phone - which has yet to be returned, according to a complaint filed in federal court in Minnesota. Is i … Read the full story at The Verge.
. In trading on Friday, precious metals shares were relative laggards, down on the day by about 7%. Helping drag down the group were shares of Platinum Group Metals, down about 12.3% and shares of Atlas Lithium off about 10.7% on the day. Also lagging the market Friday are met
. In trading on Friday, precious metals shares were relative laggards, down on the day by about 7%. Helping drag down the group were shares of Platinum Group Metals, down about 12.3% and shares of Atlas Lithium off about 10.7% on the day. Also lagging the market Friday are met