Credo Technology Group ($CRDO) Stock Forecast: Down 5.5% Today

What is Credo Technology Group?

CRDO is a tech company specializing in data security solutions. The overall market saw a bearish movement today with most tech stocks experiencing a downturn.

Why is Credo Technology Group going down?

CRDO stock is down 5.5% on Nov 6, 2025 20:51

• The bearish movement in CRDO could be due to profit-taking by investors after a recent price surge.
• Strong earnings reports from MTSI, KE, JKHY, and QLYS may have shifted investor focus away from CRDO, leading to a sell-off.
• SMCI's revenue decline and negative free cash flow could have raised concerns about the overall tech sector's performance, impacting CRDO's stock negatively.
• The softer auto demand mentioned in KE's report might have signaled potential challenges for tech companies like CRDO that serve the automotive industry, contributing to the bearish movement.

CRDO Price Chart

CRDO Technical Analysis

CRDO News

MTSI Q4 Earnings Surpass Expectations, Revenues Rise Y/Y

MACOM Technology's Q4 earnings and revenues beat estimates with strong year-over-year growth and solid guidance for fiscal 2026.

https://www.zacks.com/stock/news/2787071/mtsi-q4-earnings-surpass-expectations-revenues-rise-yy

SMCI Q1 Earnings Surpass Expectations, Revenues Decline Y/Y

Super Micro Computer beats Q1 earnings estimates but misses on revenues, as margins narrow and free cash flow turns negative.

https://www.zacks.com/stock/news/2786976/smci-q1-earnings-surpass-expectations-revenues-decline-yy

Kimball Electronics Q1 Earnings and Revenues Surpass Expectations

KE posts strong Q1 results with EPS more than doubling year over year and revenues topping estimates despite softer auto demand.

https://www.zacks.com/stock/news/2786841/kimball-electronics-q1-earnings-and-revenues-surpass-expectations

Jack Henry & Associates Q1 Earnings Beat Estimates, Revenues Rise Y/Y

JKHY delivers 21% profit growth and lifts 2026 outlook after topping first-quarter revenues and earnings forecasts.

https://www.zacks.com/stock/news/2785834/jack-henry-associates-q1-earnings-beat-estimates-revenues-rise-yy

Qualys Q3 Earnings Surpass Expectations, Revenues Rise Y/Y

QLYS lifts full-year outlook after Q3 earnings and revenues beat estimates, driven by strong channel and international growth.

https://www.zacks.com/stock/news/2785817/qualys-q3-earnings-surpass-expectations-revenues-rise-yy

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Credo Technology Group Price History

10.09.2025 - CRDO Stock was down 5.1%

• The uptick in CRDO's stock price may have prompted some investors to take profits, leading to today's bearish movement.
• Despite the initial boost from the Power Inflow alert, a bullish indicator, the stock was unable to maintain positive momentum amidst broader market trends.
• A reduction in short interest suggests that certain investors closed their bearish positions, potentially adding to the downward pressure on the stock.
• While CRDO has displayed impressive growth in recent months, today's bearish movement could be a natural correction following an extended period of gains, as investors review their positions.

24.09.2025 - CRDO Stock was up 7.6%

• CRDO's soaring sales and innovation edge in the AI data center connectivity race likely contributed to the bullish movement.
• The comparison with a competitor and the positive sentiment towards CRDO may have attracted investors.
• The overall positive performance of related companies, with strong earnings and rising demand in key markets, could have boosted confidence in the sector, including CRDO.

04.10.2025 - CRDO Stock was down 6.3%

• Despite expectations of beating earnings estimates, CRDO faced a bearish trend, possibly due to profit-taking by investors after a previous positive run.
• The bullish sentiment in the options market for CRDO did not translate into a positive stock movement, indicating a disconnect between options activity and actual stock performance.
• Strong earnings reports from competitors like Atlassian, AMETEK, and Tyler Technologies may have shifted investor focus away from CRDO, leading to the bearish movement.
• Market dynamics and external factors could have influenced CRDO's stock performance, highlighting the importance of considering various elements beyond earnings estimates in trading decisions.

04.10.2025 - CRDO Stock was down 7.3%

• The bullish stance taken by whales on Credo Technology Group might have initially sparked optimism in the market, but the subsequent decline in stock price suggests that other factors came into play.
• The impressive earnings surprise history of CRDO could have raised expectations among investors, leading to a bearish reaction when the market movement did not meet these high expectations.
• The overall negative sentiment in the tech sector, as evidenced by a peer's stock decline and revenue fall, could have influenced investors to sell off CRDO shares, contributing to the bearish movement.
• Despite the bullish options market dynamics for CRDO, the broader market conditions and possibly profit-taking behavior might have outweighed this positive sentiment, resulting in the bearish trend observed today.

17.09.2025 - CRDO Stock was up 5.6%

• CRDO saw a strong bullish movement recently.
• The launch of CRDO's new ZeroFlap optical transceivers and advanced DSPs is believed to have positively influenced market sentiment.
• Despite an insider sell-off by Manpreet Khaira, investor focus seems to be more on the potential revenue growth driven by the company's innovative products.
• Investor confidence in CRDO's future outlook is reflected in the increasing stock price.

29.09.2025 - CRDO Stock was up 5.9%

• CRDO experienced a strong bullish movement today, possibly driven by its soaring sales and innovation edge in the high-speed connectivity sector.
• The comparison with ALAB might have also sparked investor interest in CRDO, highlighting its competitive position in the market.
• Positive market sentiment towards semiconductor stocks, as seen with NXP Semiconductors and Lam Research beating expectations, could have further contributed to CRDO's bullish movement.

06.10.2025 - CRDO Stock was down 5.5%

• The bearish movement in CRDO could be due to profit-taking by investors after a recent price surge.
• Strong earnings reports from MTSI, KE, JKHY, and QLYS may have shifted investor focus away from CRDO, leading to a sell-off.
• SMCI's revenue decline and negative free cash flow could have raised concerns about the overall tech sector's performance, impacting CRDO's stock negatively.
• The softer auto demand mentioned in KE's report might have signaled potential challenges for tech companies like CRDO that serve the automotive industry, contributing to the bearish movement.

05.10.2025 - CRDO Stock was up 5.2%

• CRDO's bullish movement could be attributed to a decrease in short interest, indicating reduced bearish sentiment among investors.
• The bullish stance taken by whales in the options market might have contributed to the positive momentum in CRDO's stock.
• Unlike some competitors like Navitas (NVTS) experiencing revenue declines, CRDO's positive market movement could be linked to favorable earnings and revenue performance, potentially exceeding market expectations.
• Overall, CRDO's strong bullish movement today could be a result of improved investor sentiment driven by positive earnings and outlook, contrasting with the negative performance of other companies in the sector.

31.09.2025 - CRDO Stock was up 8.0%

• The bullish movement in CRDO could be attributed to the significant bullish approach adopted by deep-pocketed investors towards the company, as indicated by options market dynamics.
• Positive earnings and revenue reports from other tech companies like Atlassian, AMETEK, Tyler Technologies, and Garmin may have contributed to overall sector optimism, boosting investor confidence in CRDO as well.
• The strong performance of these tech companies, surpassing expectations and demonstrating growth in various sectors, could have created a positive sentiment in the tech industry, leading to increased interest and investment in CRDO.

23.09.2025 - CRDO Stock was up 10.5%

• CRDO saw a significant upward trend in its stock price today, driven by its emphasis on innovation, particularly with the introduction of new products like the ZeroFlap optical transceivers and advanced DSPs.
• The favorable market response may also be linked to the general optimism towards tech firms, exemplified by Lam Research's robust Q1 financial performance and revenue growth, indicating a robust demand in key Asian markets.
• Investors seem to be encouraged by CRDO's ability to leverage the emerging trends in AI, cloud computing, and data centers, positioning the company for sustained success and revenue growth in the future.

29.09.2025 - CRDO Stock was up 6.4%

• CRDO's bullish movement could be attributed to the positive sentiment surrounding high-speed connectivity stocks in the market.
• A comparison analysis between CRDO and ALAB might have sparked investor interest in CRDO due to its soaring sales and innovation edge.
• The overall performance of similar companies like Varonis and Lam Research, which reported strong earnings and revenue growth, could have positively influenced investor confidence in the tech sector, including CRDO.
• Despite the mixed results from NXP Semiconductors, the outlook for modest growth in Q4 for the semiconductor industry as a whole could have contributed to the bullish movement in CRDO.

31.09.2025 - CRDO Stock was up 5.5%

• Positive earnings and revenue reports from several companies in the tech sector could have boosted investor confidence in the industry.
• Despite beating Q1 estimates, a company's dim Q2 EPS guidance might have caused uncertainty in the market, leading investors to seek more promising opportunities like CRDO.
• A company's mixed Q3 results with falling revenues but a positive outlook for Q4 may have created a sense of cautious optimism among tech investors, contributing to CRDO's bullish movement.
• The tech sector's performance today, including strong earnings, tempered guidance, and modest growth expectations, likely influenced the positive market sentiment that propelled CRDO's bullish movement.