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, California.
IPO Year: 2022
Exchange: NASDAQ
Website: https://credosemi.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/15/2024 | $35.00 → $40.00 | Buy | TD Cowen |
| 6/25/2024 | $24.00 → $35.00 | Hold → Buy | TD Cowen |
| 2/28/2024 | $20.00 → $24.00 | Market Perform | TD Cowen |
| 11/30/2023 | $16.00 → $20.00 | Market Perform | TD Cowen |
| 10/2/2023 | $18.00 | Overweight | Barclays |
| 8/25/2023 | $14.00 → $16.00 | Market Perform | TD Cowen |
| 2/28/2023 | $13.00 | Outperform | Exane BNP Paribas |
| 2/15/2023 | $18.00 → $15.00 | Buy | Needham |
| 2/15/2023 | $18.00 → $11.00 | Outperform → Market Perform | Cowen |
| 2/15/2023 | $18.00 → $12.00 | Buy → Underperform | BofA Securities |
4 - Credo Technology Group Holding Ltd (0001807794) (Issuer)
4 - Credo Technology Group Holding Ltd (0001807794) (Issuer)
4 - Credo Technology Group Holding Ltd (0001807794) (Issuer)
4 - Credo Technology Group Holding Ltd (0001807794) (Issuer)
4 - Credo Technology Group Holding Ltd (0001807794) (Issuer)
4 - Credo Technology Group Holding Ltd (0001807794) (Issuer)
4 - Credo Technology Group Holding Ltd (0001807794) (Issuer)
4 - Credo Technology Group Holding Ltd (0001807794) (Issuer)
4 - Credo Technology Group Holding Ltd (0001807794) (Issuer)
4 - Credo Technology Group Holding Ltd (0001807794) (Issuer)
144 - Credo Technology Group Holding Ltd (0001807794) (Subject)
8-K - Credo Technology Group Holding Ltd (0001807794) (Filer)
144 - Credo Technology Group Holding Ltd (0001807794) (Subject)
144 - Credo Technology Group Holding Ltd (0001807794) (Subject)
144 - Credo Technology Group Holding Ltd (0001807794) (Subject)
144 - Credo Technology Group Holding Ltd (0001807794) (Subject)
144 - Credo Technology Group Holding Ltd (0001807794) (Subject)
144 - Credo Technology Group Holding Ltd (0001807794) (Subject)
144 - Credo Technology Group Holding Ltd (0001807794) (Subject)
144 - Credo Technology Group Holding Ltd (0001807794) (Subject)
Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, is proud to announce the completion of its inaugural Greenhouse Gas (GHG) emissions and carbon footprint calculation for calendar year 2023. This comprehensive GHG report, created in collaboration with environmental consultancy Minimum, marks a significant step forward in the company's journey towards improved environmental sustainability. This press release features multimedia. View the full release here: https://www
Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions, today announced that Jim Laufman has been appointed Chief Legal Officer (CLO) and Corporate Secretary. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240827925205/en/CRDO), an innovator in providing secure, high-speed connectivity solutions, today announced that Jim Laufman has been appointed Chief Legal Officer (CLO) and Corporate Secretary. (Photo: Business Wire)">Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions, today announced that Jim Lauf
USA News Group Commentary Issued on behalf of Scope AI Corp. VANCOUVER, BC, Aug. 20, 2024 /PRNewswire/ -- USA News Group – The race to dominate the artificial intelligence (AI) space continues to heat up, with Goldman Sachs recently asking the question "Will the $1 trillion of generative AI investment pay off?". According to Goldman Sachs Asset Management portfolio managers, their confidence continues to increase that this technology cycle is indeed real. It's a global phenomenon, with Brazil recently proposing a $4 billion AI investment plan of its own. Big tech is banking on this AI boom as infrastructure spending indeed nears the $1-trillion mark. However, it's not just the silicon valley
Credo Technology Group Holding Ltd ("Credo" or the "Company") (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced the appointment of Clyde Hosein to the Company's board of directors effective April 3, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240401894812/en/Credo Technology Group Holding Ltd Announces Appointment of Industry Veteran Clyde Hosein to Board of Directors (Photo: Business Wire) "Clyde's appointment to the Credo boar
Credo Technology Group Holding Ltd (NASDAQ:CRDO) ("Credo"), an innovator in providing secure, high-speed connectivity solutions, today announced that Kate Schuelke will join Credo as Chief Legal Officer (CLO) and Corporate Secretary on January 26, 2024. Ms. Schuelke brings more than 30 years of legal technology industry experience to Credo, having most recently served as CLO of Seagate Technology LLC where she oversaw all legal functions, including the global security and government relations teams. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240109154605/en/CRDO) today announced that Kate Schuelke will join Credo as Chief Le
Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO) an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, has released its 2024 Environmental, Social, and Governance (ESG) Report. This report outlines Credo's continued dedication to environmental stewardship, diversity and inclusion, and ethical governance. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241121375970/en/This year, Credo expands on its ESG efforts, particularly around Greenhouse Gas (GHG) emissions me
Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, is proud to announce the completion of its inaugural Greenhouse Gas (GHG) emissions and carbon footprint calculation for calendar year 2023. This comprehensive GHG report, created in collaboration with environmental consultancy Minimum, marks a significant step forward in the company's journey towards improved environmental sustainability. This press release features multimedia. View the full release here: https://www
SAN JOSE, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency, today announced it will hold a conference call on Monday, December 2, 2024, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal second quarter ended November 2, 2024. The news release announcing the second quarter fiscal year 2025 financial results will be disseminated on December 2, 2024 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Monday, December 2, 2024 by registering online at htt
Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO) an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, is proud to announce its collaboration with Net One Systems, a leading IT and communications solution provider in Japan. This agreement marks the first time that Credo's innovative HiWire Active Electrical Cables (AECs) will be distributed in the Japanese market, catering to the rapidly expanding generative AI infrastructure. This press release features multimedia. View the full release here: https://www.businesswire.com/n
Credo Leverages SerDes Expertise to Deliver Energy Efficient PCIe 6 and 7 Retimers Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, is excited to announce the company's first Toucan PCI Express (PCIe) 6, Compute Express Link (CXL) 3.x and Magpie PCIe 7, CXL 4.x retimers and OSFP-XD 16x64GT/s (1Tb) PCIe6/CXL HiWire AECs. Credo will demonstrate the Toucan PCIe 6 retimers and HiWire AECs at the upcoming Open Compute Project (OCP) Summit October 15-17 in Booth 31 and the OC
Live Demos to Include Newly Introduced PCI Express 6.0 Devices and CXL Interconnect Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, is excited to announce its participation in the upcoming OCP Global Summit from October 15-17, 2024, in San Jose, CA. The event will provide Credo with a platform to showcase generative AI, general compute and operator focused connectivity solutions and include multiple presentations by Credo executives. This press release features multimedia. View
Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, is excited to announce the new 800G ZeroFlap (ZF) family of HiWire Active Electrical Cables (AECs) reaching lengths of 7 m. These high-performance HiWire ZF AECs are designed to deliver highly reliable interconnect for artificial intelligence (AI) backend networks. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241010046982/en/Credo Introduces 800G HiWire ZeroFl
USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, Sept. 27, 2024 /PRNewswire/ -- USA News Group – While the world is already witnessing a revolution in artificial intelligence (AI) tools, how tech is applied to our security is about to change. With the rise of upcoming quantum computing power, cybersecurity leaders in the USA are hard at work studying the systems and technology that can withstand the oncoming wave potential new threats to data security. The National Institute of Standards and Technology (NIST) recently published the world's first three official post-quantum cryptographic algorithms and tools designed to protect against future attacks. Meanwhile, in t
Credo Technology Group Holding Ltd ("Credo") (NASDAQ:CRDO), an innovator in providing secure and high-speed connectivity solutions, is pleased to announce a new family of HiWire Active Electrical Cables (AECs) targeted specifically for the growing 400G Q112 network port market for China Hyperscale Data Centers, addressing the need for AI/ML backend network connections to Top of Rack (TOR) Switches. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240910544519/en/Credo Introduces New HiWire Shift AECs to Support 400G Q112 Network Ports for Growing AI/ML Backend Networks in China (Graphic: Credo) The new HiWire Shift cables are based
SAN JOSE, Calif., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase through the data infrastructure market, today reported financial results for the first quarter of fiscal year 2025, ended August 3, 2024. First Quarter of Fiscal Year 2025 Financial Highlights Revenue of $59.7 million, grew by 70% year over yearGAAP gross margin of 62.4% and non-GAAP gross margin of 62.9%GAAP operating expenses of $51.7 million and non-GAAP operating expenses of $35.4 millionGAAP net loss of $(9.5) mi
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TD Cowen reiterated coverage of Credo Technology Group with a rating of Buy and set a new price target of $40.00 from $35.00 previously
TD Cowen upgraded Credo Technology Group from Hold to Buy and set a new price target of $35.00 from $24.00 previously
TD Cowen reiterated coverage of Credo Technology Group with a rating of Market Perform and set a new price target of $24.00 from $20.00 previously
TD Cowen reiterated coverage of Credo Technology Group with a rating of Market Perform and set a new price target of $20.00 from $16.00 previously
Barclays initiated coverage of Credo Technology Group with a rating of Overweight and set a new price target of $18.00
TD Cowen reiterated coverage of Credo Technology Group with a rating of Market Perform and set a new price target of $16.00 from $14.00 previously
Exane BNP Paribas initiated coverage of Credo Technology Group with a rating of Outperform and set a new price target of $13.00
Needham reiterated coverage of Credo Technology Group with a rating of Buy and set a new price target of $15.00 from $18.00 previously
Cowen downgraded Credo Technology Group from Outperform to Market Perform and set a new price target of $11.00 from $18.00 previously
BofA Securities downgraded Credo Technology Group from Buy to Underperform and set a new price target of $12.00 from $18.00 previously
Stifel analyst Tore Svanberg maintains Credo Technology Group (NASDAQ:CRDO) with a Buy and raises the price target from $30 to $36.
Shares of ASLAN Pharmaceuticals Limited (NASDAQ:ASLN) fell sharply during Wednesday's session after the company announced that its Singapore-incorporated, sole operating subsidiary has filed for voluntary liquidation. ASLAN Pharmaceuticals shares dipped 38.7% to $0.68 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Aptevo Therapeutics Inc. (NASDAQ:APVO) shares climbed 84% to $0.6073 after surging around 10% on Tuesday. Aptevo Therapeutics recently announced closing of $2.75 million offering. Shimmick Corporation (NASDAQ:SHIM) shares climbed 49% to $3.0173 after the company received a $27.6 million subcontract for the Sunol Valley Water Trea
Throughout the last three months, 5 analysts have evaluated Credo Technology Group (NASDAQ:CRDO), offering a diverse set of opinions from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 0 1 0 Last 30D 1 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 1 1 0 1 0 3M Ago 0 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $31.2, a high estimate of $40.00, and a low estimate of $22.00. This upward trend is apparent, with the curre
TD Cowen analyst Matt Ramsay maintains Credo Technology Group (NASDAQ:CRDO) with a Buy and raises the price target from $35 to $40.
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Throughout the last three months, 5 analysts have evaluated Credo Technology Group (NASDAQ:CRDO), offering a diverse set of opinions from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 0 1 0 Last 30D 1 0 0 0 0 1M Ago 1 1 0 1 0 2M Ago 0 0 0 0 0 3M Ago 1 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $29.2, a high estimate of $35.00, and a low estimate of $22.00. Marking an
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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. JP Morgan cut the price target for Sea Limited (NYSE:SE) from $84 to $78. JP Morgan analyst Ranjan Sharma downgraded the stock from Overweight to Neutral. Sea shares gained 0.6% to close at $75.89 on Monday. See how other analysts view this stock. Morgan Stanley raised the price target for Birkenstock Holding plc (NYSE:BIRK) from $44 to $58. Morgan Stanley analyst Edouard Aubin maintained an Equal-Weight rating. Birkenstock shares fell 2.8% to close at $59.78 on Monday. See how other analysts view
SAN JOSE, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency, today announced it will hold a conference call on Monday, December 2, 2024, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal second quarter ended November 2, 2024. The news release announcing the second quarter fiscal year 2025 financial results will be disseminated on December 2, 2024 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Monday, December 2, 2024 by registering online at htt
SAN JOSE, Calif., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase through the data infrastructure market, today reported financial results for the first quarter of fiscal year 2025, ended August 3, 2024. First Quarter of Fiscal Year 2025 Financial Highlights Revenue of $59.7 million, grew by 70% year over yearGAAP gross margin of 62.4% and non-GAAP gross margin of 62.9%GAAP operating expenses of $51.7 million and non-GAAP operating expenses of $35.4 millionGAAP net loss of $(9.5) mi
Credo Recognized for its People-First Culture Credo Semiconductor Inc. (Credo) has been awarded a Top Workplaces 2024 honor by San Francisco Bay Area Top Workplaces. This list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage LLC. The confidential survey uniquely measures the employee experience and its component themes, including employees feeling "Respected & Supported," "Enabled to Grow," and "Empowered to Execute," to name a few. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240826397159/en/On being named a Top Work Place by the San F
SAN JOSE, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency, today announced an update to its first quarter fiscal year 2025 financial results release date and conference call. Credo will now hold a conference call on Wednesday, September 4, 2024, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal first quarter ended August 3, 2024. The news release announcing the first quarter fiscal year 2025 financial results will be disseminated on September 4, 2024 after the market closes. Interested parties may join the
SAN JOSE, Calif., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency, today announced it will hold a conference call on Wednesday, August 28, 2024, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal first quarter ended August 3, 2024. The news release announcing the first quarter fiscal year 2025 financial results will be disseminated on August 28, 2024 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Wednesday, August 28, 2024 by registering online at http
SAN JOSE, Calif., May 29, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO) ("Credo"), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency, today reported financial results for the fourth quarter and full fiscal year 2024, ended April 27, 2024. Fourth Quarter of Fiscal Year 2024 Financial Highlights Revenue of $60.8 million grew by 89.4% year over yearGAAP gross margin of 65.8% and non-GAAP gross margin of 66.1% GAAP operating expenses of $47.8 million and non-GAAP operating expenses of $32.7 millionGAAP net loss of $10.5 million and non-GAAP net income of $11.8 mi
SAN JOSE, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency, today announced it will hold a conference call on Wednesday, May 29, 2024, at 2:00 p.m. Pacific Time to discuss its financial results for the fourth quarter and fiscal year ended April 27, 2024. The news release announcing the fourth quarter and fiscal year 2024 financial results will be disseminated on May 29, 2024 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Wednesday, May 29, 2024 by registering onlin
SAN JOSE, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today reported financial results for the third quarter of fiscal year 2024, ended January 27, 2024. Third Quarter of Fiscal Year 2024 Financial Highlights Revenue of $53.1 million, grew by 20% quarter over quarterGAAP gross margin of 61.4% and non-GAAP gross margin of 62.2% GAAP operating expenses of $38.5 million and non-GAAP operating expenses of $30.6 millionGAAP n
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 improved power efficiency, today announced it will hold a conference call on Tuesday, February 27, 2024, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal third quarter ended January 27, 2024. The news release announcing the third quarter fiscal year 2024 financial results will be disseminated on February 27, 2024 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Tuesday, February 27, 2024 by registering online at
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 and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today reported financial results for the second quarter of fiscal year 2024, ended October 28, 2023. Second Quarter of Fiscal Year 2024 Financial Highlights Revenue of $44.0 million, grew by 25% quarter over quarterGAAP gross margin of 59.3% and non-GAAP gross margin of 59.9% GAAP operating expenses of $35.0 million and non-GAAP operating expenses of $27.1