What's Going On With Credo Technology Stock Thursday?

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Why Credo Technology Sank This Week

Credo Technology stock plunged 29.5% this week despite beating earnings expectations with 114.7% revenue growth and 130% EPS growth. The sell-off was driven by margin pressure, with GAAP gross margins falling to 64.5% from 68% last quarter, and higher-than-expected stock-based compensation. At a valuation of ~50x true forward earnings when accounting for stock dilution, investors viewed the results as insufficient given the company's already high valuation.

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Ciena (CIEN) Q3 2026 revenue jumped 37% to $1.67B, beating estimates. AI network demand drives massive earnings and raised full-year guidance.

Why Is Coherent Stock Surging Thursday?

Coherent stock surged 2.8% premarket following Nvidia's upbeat AI outlook. Analysts maintain a Buy rating with a $402 average target.