Credo Technology Group Holding Ltd (CRDO)

NASDAQ: CRDO · IEX Real-Time Price · USD
18.44
+0.22 (1.24%)
Feb 6, 2023, 2:42 PM EST - Market open
1.24%
Market Cap 2.71B
Revenue (ttm) 167.16M
Net Income (ttm) -8.93M
Shares Out 146.76M
EPS (ttm) -0.03
PE Ratio n/a
Forward PE 111.11
Dividend n/a
Ex-Dividend Date n/a
Volume 1,534,871
Open 17.88
Previous Close 18.21
Day's Range 17.56 - 18.60
52-Week Range 8.61 - 18.77
Beta n/a
Analysts Buy
Price Target 18.87 (+2.36%)
Earnings Date Mar 8, 2023

About CRDO

Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, Mainland China, Hong Kong, and internationally. Its products include integrated circuits, active electrical cables, and SerDes chiplets that are based on its serializer/deserializer and digital signal processor technologies. The company also offers intellectual property solutions consist of SerDes IP licensing. The company was founded in 2008 and is headquartered in San Jose, Califo... [Read more]

Sector Technology
IPO Date Jan 27, 2022
Employees 382
Stock Exchange NASDAQ
Ticker Symbol CRDO
Full Company Profile

Financial Performance

In 2022, CRDO's revenue was $106.48 million, an increase of 81.40% compared to the previous year's $58.70 million. Losses were -$22.18 million, -19.39% less than in 2021.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for CRDO stock is "Buy." The 12-month stock price forecast is $18.87, which is an increase of 2.36% from the latest price.

Price Target
$18.87
(2.36% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Credo to Present at 25th Annual Needham Growth Conference

SAN JOSE, Calif., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power a...

1 month ago - GlobeNewsWire

Credo to Present at Barclays 2022 Global Technology, Media & Telecommunications Conference

SAN JOSE, Calif., Dec. 06, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power a...

2 months ago - GlobeNewsWire

Credo Technology Group Holding Ltd Reports Second Quarter of Fiscal Year 2023 Financial Results

SAN JOSE, Calif., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power a...

2 months ago - GlobeNewsWire

Credo Schedules Second Quarter Fiscal Year 2023 Financial Results Conference Call

SAN JOSE, Calif., Nov. 15, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power a...

2 months ago - GlobeNewsWire

Credo Introduces Screaming Eagle 112G Retimer DSP with Industry Leading 1.6 Terabit Capacity

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Introduces Screaming Eagle 112G Retimer DSP with Industry Leading 1.6 Terabit Capacity

4 months ago - Business Wire

Credo Targets Hyperscale Data Centers and 5G Networks with New Optical DSPs

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Targets Hyperscale Data Centers and 5G Networks with New Optical Seagull DSPs Deliver High Performance, Low Power and Integrated DML Drivers

5 months ago - Business Wire

Wall Street's top analysts are bullish on these stocks amid an uncertain economy

TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Oracle & Microsoft.

Other symbols: AMBACHWYMSFTORCL
5 months ago - CNBC

Credo Devices Selected by Keysight Technologies for 800GE Test Solutions

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Devices Selected by Keysight Technologies for 800GE Test Solutions

5 months ago - Business Wire

Credo to Present at Goldman Sachs 2022 Communacopia + Technology Conference

SAN JOSE, Calif., Sept. 01, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power ...

5 months ago - GlobeNewsWire

Credo Technology Group Holding Ltd Reports First Quarter of Fiscal Year 2023 Financial Results

SAN JOSE, Calif., Aug. 31, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power a...

5 months ago - GlobeNewsWire

Credo Introduces 800Gbps and 400Gbps Optical Digital Signal Processors with Integrated Drivers

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Introduces 800Gbps and 400Gbps Optical Digital Signal Processors with Integrated Drivers

5 months ago - Business Wire

Credo Joins International Optical Industry Leaders at ECOC and CIOE Trade Shows

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Joins International Optical Industry Leaders at ECOC and CIOE Trade Shows

5 months ago - Business Wire

Credo Launches Comprehensive Family of 112G PAM4 SerDes IP for TSMC N5 and N4 Process Technologies

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Launches Comprehensive Family of 112G PAM4 SerDes IP for TSMC N5 and N4 Process Technologies

6 months ago - Business Wire

Credo Schedules First Quarter Fiscal Year 2023 Financial Results Conference Call

SAN JOSE, Calif., Aug. 16, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ: CRDO) today announced it will hold a conference call on Wednesday, August 31, 2022, at 2:00 p.m. Pacific...

6 months ago - GlobeNewsWire

Credo Technology Stock is Rebounding

Data infrastructure networking solutions and licenses provider Credo Technology (NASDAQ: CRDO) stock is only down a merciful (-3%) for the year.

7 months ago - MarketBeat

Top Wall Street analysts are bullish on these stocks for the long run

TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Lululemon & Ambarella

Other symbols: AMTLULUVEEV
8 months ago - CNBC

Credo Introduces Industry Leading 40Gbps PAM3 SerDes Technology To Address New Markets Requiring High-speed, Low-Power Connectivity

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Technology Group Holding Ltd (NASDAQ: CRDO) today announced the availability of its Ostrich 40G, PAM3 Serializer/Deserializer (SerDes) PHY/PMA Intellectual Pro...

8 months ago - Business Wire

Credo Technology Group Holding Ltd Reports Fourth Quarter and Fiscal Year 2022 Financial Results

SAN JOSE, Calif., June 01, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power a...

8 months ago - GlobeNewsWire

Credo to Present at Stifel 2022 Cross Sector Insight Conference

SAN JOSE, Calif., May 31, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (“Credo”) (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improve...

8 months ago - GlobeNewsWire

Credo Schedules Fourth Quarter and Fiscal Year 2022 Financial Results Conference Call

SAN JOSE, Calif., May 12, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (“Credo”) (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improve...

9 months ago - GlobeNewsWire

Credo Technology Group Holding Ltd Reports Third Quarter of Fiscal Year 2022 Financial Results

SAN JOSE, Calif., March 09, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power ...

11 months ago - GlobeNewsWire

Credo Targets Hyperscale Data Centers & Telecom with Multiple New Line Card Devices

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Technology Group Holding Ltd (NASDAQ: CRDO) today introduced the new Sparrow 800G gearbox and Heron 1.6T retimer/gearbox devices targeted at hyperscale data ce...

11 months ago - Business Wire

Credo to Present at 34th Annual Roth Conference

SAN JOSE, Calif., March 07, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (“Credo”) (Nasdaq: CRDO) today announced that Bill Brennan, CEO, and Dan Fleming, CFO, are scheduled to present ...

1 year ago - GlobeNewsWire