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 |
|---|---|---|---|
| 3/10/2025 | $60.00 | Neutral → Positive | Susquehanna |
| 12/17/2024 | $80.00 | Neutral | Susquehanna |
| 12/3/2024 | $45.00 → $75.00 | Buy | TD Cowen |
| 12/3/2024 | $43.00 → $70.00 | Buy | Needham |
| 12/3/2024 | $80.00 | Underperform → Buy | BofA Securities |
| 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 |
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)
144 - Credo Technology Group Holding Ltd (0001807794) (Subject)
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)
S-8 - Credo Technology Group Holding Ltd (0001807794) (Filer)
10-Q - Credo Technology Group Holding Ltd (0001807794) (Filer)
SCHEDULE 13G/A - Credo Technology Group Holding Ltd (0001807794) (Subject)
8-K - Credo Technology Group Holding Ltd (0001807794) (Filer)
144 - Credo Technology Group Holding Ltd (0001807794) (Subject)
Susquehanna upgraded Credo Technology Group from Neutral to Positive and set a new price target of $60.00
Susquehanna initiated coverage of Credo Technology Group with a rating of Neutral and set a new price target of $80.00
TD Cowen reiterated coverage of Credo Technology Group with a rating of Buy and set a new price target of $75.00 from $45.00 previously
Needham reiterated coverage of Credo Technology Group with a rating of Buy and set a new price target of $70.00 from $43.00 previously
BofA Securities upgraded Credo Technology Group from Underperform to Buy and set a new price target of $80.00
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
SC 13G/A - Credo Technology Group Holding Ltd (0001807794) (Subject)
SC 13G/A - Credo Technology Group Holding Ltd (0001807794) (Subject)
SC 13G/A - Credo Technology Group Holding Ltd (0001807794) (Subject)
SC 13G/A - Credo Technology Group Holding Ltd (0001807794) (Subject)
SC 13G/A - Credo Technology Group Holding Ltd (0001807794) (Subject)
SC 13G/A - Credo Technology Group Holding Ltd (0001807794) (Subject)
SC 13G/A - Credo Technology Group Holding Ltd (0001807794) (Subject)
SC 13G/A - Credo Technology Group Holding Ltd (0001807794) (Subject)
SC 13G/A - Credo Technology Group Holding Ltd (0001807794) (Subject)
SC 13G/A - Credo Technology Group Holding Ltd (0001807794) (Subject)
Addressing the needs of next generation of AI driven applications, cloud computing, and hyperscale networks Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency, is proud to announce the release of the ultra-low power Lark optical Digital Signal Processor (DSP) family. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250401650225/en/ The Lark family features two innovative optical DSP products. The Lark 800 is a high-performance, high-reliability, low-power DSP designed to enable a new generation of full
Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency, has been recognized as a winner of the 2025 Top Workplaces USA award, co-sponsored by Energage and USA TODAY. This award reflects Credo's commitment to fostering a workplace culture that empowers employees and drives innovation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250327514426/en/Credo Recognized as a USA Today Top Workplace 2025 Top Workplaces USA recognizes organizations with 150 or more employees based on employee feedback from an engag
Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO) an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency, will showcase its latest optical solutions at the 50th Optical Fiber Communications (OFC) Conference, taking place April 1-3, 2025 at the Moscone Center in San Francisco. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250326880105/en/Visit Credo at OFC 2025 At OFC 2025, Credo will demonstrate a live AI scale-out network featuring single mode and multi-mode transceivers based on Credo digital signal processors (DSPs) with switches and network interface
SAN JOSE, Calif., March 19, 2025 /PRNewswire/ -- WPG Americas Inc. (WPGA), a leading distributor of electronic components and supply chain services, is pleased to announce its strategic partnership with Credo, a global leader in high-performance, low-power connectivity solutions. Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO) specializes in delivering high-speed connectivity solutions that are designed to meet the increasing demands for bandwidth in modern networking environments. Their product lines include optical DSPs, linecard gearbox, retimer & MACsec PHYs, Chip
Live Demo Showing GPU Cluster Across New Credo OSFP-XD PCI Express AECs with XConn Apollo 256-lane Switch at Industry's Premier AI Conference Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO) an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency, working with XConn Technologies (XConn), an innovator in advanced PCIe/CXL switch technologies, today announced a public demonstration of multi-vendor PCI Express (PCIe) 5.0 interoperability featuring the two companies' technology at the NVIDIA GTC 2025 conference. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/2
Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency, has filed a complaint alleging patent infringement on March 13, 2025, asking the United States International Trade Commission to initiate an investigation against Amphenol Corporation, Molex LLC, TE Connectivity PLC, and Volex PLC and to block the importation of products that infringe Credo's patents related to Active Electrical Cables (AECs). In addition, Credo is filing parallel complaints in Federal District Court alleging willful infringement as Credo provided notice of its patents to each of these compa
Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency, is excited to announce its participation in NVIDIA GTC 2025, taking place March 17-21 in San Jose, CA. Credo will showcase its Toucan PCI Express (PCIe) Gen6.x/CXL3.x retimers in a full rack demo, highlighting their role in enabling scalable AI infrastructure. In addition, Credo's Associate Vice President of PCIe Product, Phil Kumin will deliver a technical session on GPU disaggregation and PCIe scaling for AI workloads. This press release features multimedia. View the full release here: https://www.businesswir
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 third quarter of fiscal year 2025, ended February 1, 2025. Third Quarter of Fiscal Year 2025 Financial Highlights Revenue of $135.0 million, grew by 87.4% quarter over quarter and 154.4% year over year GAAP gross margin of 63.6% and non-GAAP gross margin of 63.8% GAAP operating expenses of $59.7 million and non-GAAP operating expenses of $43.8 million GAAP net income of $29.4 million
Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO) an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency, today announced that its PCI Express® (PCIe®) 5.0 specification capable "Toucan" retimer has successfully passed the testing at the PCI-SIG® Compliance Workshop #133 in Taipei. This milestone confirms the retimer's compliance with the rigorous standards required for PCIe 5.0 technology integrations, and it now will be officially listed on the PCI-SIG Integrators List. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250303275826/en/(Graphic: Business W
Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency, today announced it will hold a conference call on Tuesday, March 4, 2025, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal third quarter ended February 1, 2025. The news release announcing the third quarter fiscal year 2025 financial results will be disseminated on March 4, 2025 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Tuesday, March 4, 2025 by dialing 888-596-4144 (toll-free) or +1 646-968-2525 (international).
Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO) an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency, today announced that its PCI Express® (PCIe®) 5.0 specification capable "Toucan" retimer has successfully passed the testing at the PCI-SIG® Compliance Workshop #133 in Taipei. This milestone confirms the retimer's compliance with the rigorous standards required for PCIe 5.0 technology integrations, and it now will be officially listed on the PCI-SIG Integrators List. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250303275826/en/(Graphic: Business W
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 (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 third quarter of fiscal year 2025, ended February 1, 2025. Third Quarter of Fiscal Year 2025 Financial Highlights Revenue of $135.0 million, grew by 87.4% quarter over quarter and 154.4% year over year GAAP gross margin of 63.6% and non-GAAP gross margin of 63.8% GAAP operating expenses of $59.7 million and non-GAAP operating expenses of $43.8 million GAAP net income of $29.4 million
Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency, today announced it will hold a conference call on Tuesday, March 4, 2025, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal third quarter ended February 1, 2025. The news release announcing the third quarter fiscal year 2025 financial results will be disseminated on March 4, 2025 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Tuesday, March 4, 2025 by dialing 888-596-4144 (toll-free) or +1 646-968-2525 (international).
SAN JOSE, Calif., Dec. 02, 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 second quarter of fiscal year 2025, ended November 2, 2024. Second Quarter of Fiscal Year 2025 Financial Highlights Revenue of $72.0 million, grew by 20.6% quarter over quarter and 63.6% year over yearGAAP gross margin of 63.2% and non-GAAP gross margin of 63.6% GAAP operating expenses of $53.9 million and non-GAAP operating expenses of $
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