Credo Technology Group Holding Ltd (CRDO)

NASDAQ: CRDO · IEX Real-Time Price · USD
22.26
-0.05 (-0.22%)
Feb 27, 2024, 12:36 PM EST - Market open
-0.22%
Market Cap 3.60B
Revenue (ttm) 165.49M
Net Income (ttm) -31.43M
Shares Out 161.26M
EPS (ttm) -0.21
PE Ratio n/a
Forward PE 157.71
Dividend n/a
Ex-Dividend Date n/a
Volume 932,149
Open 22.33
Previous Close 22.31
Day's Range 22.08 - 22.69
52-Week Range 7.20 - 23.60
Beta 2.06
Analysts Strong Buy
Price Target 20.22 (-9.16%)
Earnings Date Feb 27, 2024

About CRDO

Credo Technology Group Holding Ltd provides various high-speed connectivCredo 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 HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP. The company also offers intellectual property solutions consist of SerDes IP licensing. It se... [Read more]

Sector Technology
IPO Date Jan 27, 2022
Employees 438
Stock Exchange NASDAQ
Ticker Symbol CRDO
Full Company Profile

Financial Performance

In 2023, CRDO's revenue was $184.19 million, an increase of 72.99% compared to the previous year's $106.48 million. Losses were -$16.55 million, -25.38% less than in 2022.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for CRDO stock is "Strong Buy." The 12-month stock price forecast is $20.22, which is a decrease of -9.16% from the latest price.

Price Target
$20.22
(-9.16% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Credo Schedules Third Quarter Fiscal Year 2024 Financial Results Conference Call

SAN JOSE, Calif., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (“Credo”) (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improv...

14 days ago - GlobeNewsWire

Credo Technology Group to Exhibit at Chiplet Summit 2024

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Technology Group to Exhibit at Chiplet Summit 2024.

21 days ago - Business Wire

Credo Launches 112G PAM4 SerDes IP for TSMC N3 Process Technology

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Technology Group Holding Ltd (NASDAQ: CRDO) today introduced its newest 112G PAM4 SerDes Intellectual Property (IP) family on TSMC's industry leading N3 and N7...

26 days ago - Business Wire

Credo Technology Group Names Kate Schuelke as New Chief Legal Officer

SAN JOSE, Calif.--(BUSINESS WIRE)---- $CRDO #WeConnect--Credo Technology Group Names Kate Schuelke as New Chief Legal Officer. Ms. Schuelke joins Credo from Seagate Technology LLC where she was also C...

6 weeks ago - Business Wire

Credo to Present at 26th Annual Needham Growth Conference

SAN JOSE, Calif., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy ...

7 weeks ago - GlobeNewsWire

Credo announces pricing of public offering

SAN JOSE, Calif., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Nasdaq: CRDO) (“Credo”) today announced the pricing of an underwritten public offering of 10,000,000 of its ordi...

2 months ago - GlobeNewsWire

Credo announces launch of public offering

SAN JOSE, Calif., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Nasdaq: CRDO) (“Credo”) today announced the commencement of an underwritten public offering of 10,000,000 of its...

2 months ago - GlobeNewsWire

Credo to Present at Barclays Global Technology Conference

SAN JOSE, Calif., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power a...

3 months ago - GlobeNewsWire

Credo Technology Group Holding Ltd Reports Second Quarter of Fiscal Year 2024 Financial Results

SAN JOSE, Calif., Nov. 29, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power a...

3 months ago - GlobeNewsWire

Credo AI CEO: Policy Innovation Needed for AI

Credo AI CEO Navrina Singh joins Caroline Hyde and Ed Ludlow on the sidelines of Credo AI's Responsible AI Leadership Summit happening in New York City. She speaks on "Bloomberg Technology.

3 months ago - Bloomberg Technology

Credo Schedules Second Quarter Fiscal Year 2024 Financial Results Conference Call

SAN JOSE, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (“Credo”) (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improv...

3 months ago - GlobeNewsWire

Credo Joins with Industry Players to Announce Effort to Standardize CXL Active Electrical Cables & Optics at OCP Global Summit 2023

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Technology Group Holding Ltd (“Credo”) (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions, in conjunction with 33 other partne...

4 months ago - Business Wire

Arm deal is expected to lift tech IPOs, but not all future debuts will have the same draw

The strong debut of Arm Holdings Plc. is expected to reignite the long-dormant IPO market for tech companies, but not all the current deals in the pipeline will have the same draw for investors.

Other symbols: ARMCARTIOTIPOIPOSKVYO
5 months ago - Market Watch

Credo Technology Group Holding Ltd Reports First Quarter of Fiscal Year 2024 Financial Results

SAN JOSE, Calif., Aug. 24, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power a...

6 months ago - GlobeNewsWire

Credo to Present at Goldman Sachs Communacopia + Technology Conference

SAN JOSE, Calif., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power a...

7 months ago - GlobeNewsWire

Credo Schedules First Quarter Fiscal Year 2024 Financial Results Conference Call

SAN JOSE, Calif., Aug. 10, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (“Credo”) (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improv...

7 months ago - GlobeNewsWire

Credo to Showcase HiWire AEC Cables at OCP China Day in Beijing

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Technology Group Holding Ltd (“Credo”) (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost...

7 months ago - Business Wire

Credo Technology Group Holding Ltd Reports Fourth Quarter and Fiscal Year 2023 Financial Results

SAN JOSE, Calif., May 31, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power an...

9 months ago - GlobeNewsWire

Credo to Present at Stifel 2023 Cross Sector Insight Conference

SAN JOSE, Calif., May 17, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (“Credo”) (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improve...

10 months ago - GlobeNewsWire

Top 5 Tech Stocks Which You'll Regret Missing This Quarter - Credo Technology Group (NASDAQ:CRDO), Clearfield (NASDAQ:CLFD)

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Other symbols: CLFDLUNASABRUIS
1 year ago - Benzinga

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Credo Technology Group Holding Ltd. - CRDO

NEW YORK , March 13, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Credo Technology Group Holding Ltd. ("Credo" or the "Company") (NASDAQ: CRDO).

1 year ago - PRNewsWire

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

SAN JOSE, Calif., March 01, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power ...

1 year ago - GlobeNewsWire

Credo to Present at 35th Annual Roth Conference

SAN JOSE, Calif., Feb. 23, 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 year ago - GlobeNewsWire

Bronstein, Gewirtz & Grossman, LLC Notifies Credo Technology Group Holding Ltd. (CRDO) Investors of Investigation

NEW YORK--(BUSINESS WIRE)---- $CRDO #CRDO--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of investors of Credo Technology Group Holding Ltd. (“Cr...

1 year ago - Business Wire

Credo Schedules Third Quarter Fiscal Year 2023 Financial Results Conference Call

SAN JOSE, Calif., Feb. 16, 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 year ago - GlobeNewsWire