From Barchart: 2024-12-03 02:06:33

Credo Technology Group Holding Ltd. (NASDAQ:CRDO) excels in secure, high-speed connectivity solutions despite financial challenges. Earnings per share of $0.07 surpassed the Zacks Consensus Estimate, showcasing cost management. However, revenue of $72 million fell short of the expected $86 million, raising concerns about revenue generation capabilities. Investors pay a high premium for each dollar of sales, reflecting high growth expectations. The enterprise value to operating cash flow ratio is extremely high at 8,791.30, indicating unsustainable investor premiums on cash flow. Despite challenges, CRDO maintains a strong liquidity position with a current ratio of 7.81, ensuring coverage of short-term liabilities.



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