Credo Tech Group saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 94 to 96.
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The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Credo Tech Group is currently extended beyond a proper buy zone after breaking out from a 36.80 entry in a cup without handle.
The stock earns an 80 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 80% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company reported a 525% increase in earnings for Q3. Sales growth increased 154%, up from 64% in the prior report. That marks one quarter of accelerating revenue gains.
Credo Tech Group earns the No. 1 rank among its peers in the Internet-Networking Solutions industry group. F5 and Radcom are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
