NASDAQ Framework: Credo Technology Group Holding Ltd

High-speed connectivity solutions for data infrastructure 1.
1: Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, 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, as well as integrated circuits, active electrical cables. The company also offers intellectual property solutions consist of SerDes IP licensing. It sells its products to hyperscalers, original equipment manufacturers, original design manufacturers and optical module manufacturers, as well as into the enterprise and HPC markets. The company was founded in 2008 and is based in Grand Cayman, Cayman Islands. View Source
Credo Technology Group Holding Ltd, founded in 2008 and based in Grand Cayman, Cayman Islands, is a leading provider of secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and bandwidth requirements increase throughout the data infrastructure market 23. The company offers a range of products including HiWire active electrical cables, optical digital signal processors, low-power line card PHY, SerDes chiplets, and SerDes IP, catering to hyperscalers, original equipment manufacturers, and optical module manufacturers 4. With a significant insider ownership of 21.92% and 72.59% held by financial institutions, Credo is poised for substantial growth, driven by its innovative solutions and strategic market positioning 56.
2: Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, 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, as well as integrated circuits, active electrical cables. The company also offers intellectual property solutions consist of SerDes IP licensing. It sells its products to hyperscalers, original equipment manufacturers, original design manufacturers and optical module manufacturers, as well as into the enterprise and HPC markets. The company was founded in 2008 and is based in Grand Cayman, Cayman Islands. View Source3: Credo Technology Group Holding Ltd is a Cayman Islands-based holding company. The Company delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Its connectivity solutions are optimized for optical and... View Source4: Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, 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, as well as integrated circuits, active electrical cables. The company also offers intellectual property solutions consist of SerDes IP licensing. It sells its products to hyperscalers, original equipment manufacturers, original design manufacturers and optical module manufacturers, as well as into the enterprise and HPC markets. The company was founded in 2008 and is based in Grand Cayman, Cayman Islands. View Source5: Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 21.92 percent of Credo Technology Group Holding Ltd shares are owned by insiders, and 72.59 percent are held by financial institutions. Brennan William Joseph, the Pres & Chief Executive Officer at Credo Technology Group Holding Ltd (CRDO) has sold 15,000 shares of firm on Nov 17 ’27 at a price of $17.71 against the total amount of $0.27 million. In another inside trade, Brennan William Joseph, Pres & Chief Executive Officer of Credo Technology Group Holding Ltd (NASDAQ:CRDO) sold 15,000 shares of the firm on Oct 24 ’24 for a total worth of $0.22 million at a price of $14.45. An inside trade which took place on Jul 03 ’24, Director of Credo Technology Group Holding Ltd TAN LIP BU sold 7,756 shares of firm against total price of $0.25 million at the cost of $31.88 per share. View Source6: Credo Technology price target raised to $36 from $30 at StifelJuly 18, 2024TipRanksCredo Technology price target raised to $40 from $35 at TD CowenJuly 15, 2024TipRanksCredo Technology Group: A Buy Rating with Growth and Innovation at the ForefrontJuly 14, 2024TipRanksCredo Technology Group put volume heavy and directionally bearishJune 28, 2024TipRanksCraig-Hallum Gives a Buy Rating to Credo Technology Group Holding Ltd (CRDO)June 28, 2024TipRanks View Source
UNKNOWN

The provided facts do not specify whether Credo Technology Group Holding Ltd is still led by its founders or if the founders are heavily involved in the company's current operations.
LOW RISK

Credo Technology Group Holding Ltd is considered low risk due to several factors. The company has shown significant revenue growth, with an 89.4% year-over-year increase in Q4 2024 and a forecasted 62% revenue growth in fiscal 2025 789. Additionally, it has a strong financial backing with 72.59% of shares held by financial institutions and 21.92% by insiders, indicating confidence from both management and investors 10. The company has also been upgraded to a "Buy" rating by multiple analysts, reflecting positive market sentiment and expected revenue inflection 111213. Despite a recent EPS miss, the revenue numbers were reconfirmed, suggesting that the intrinsic value of the business remains stable 1415.
7: Insider-Owned Growth Companies To Watch In July 2024 As global markets exhibit a notably broad advance with small-cap stocks leading the way, investors are keenly observing trends and shifts across various indices. In this context, growth companies with high insider ownership stand out as potentially resilient investment opportunities, especially considering the current economic indicators and market dynamics. Simply Wall St. • 9 days ago CRDO -3.99% 7 Hypergrowth Stocks to Buy and Hold for 50 Years Predicting the future is a fool’s errand. If you had asked me just five years ago what 2024 would look like, I would have gotten it laughably wrong. The world has changed at a dizzying pace over the last two decades, with the rise of smartphones, social media, artificial intelligence, and so much more. Paradigm-shifting events like the COVID-19 pandemic have humbled our collective prognosticating abilities. So, looking out 50 years to 2074 seems downright quixotic. Will we have flying cars and r InvestorPlace • 9 days ago NET IOT -6.47% SEMR 3 Stocks to Buy Before They Skyrocket: July Edition A list of the top stocks to buy early can lead to significant investment opportunities. Here, the focus is on three compelling stocks poised for accelerated growth. Each company stands out not only for its recent financial performance but also for strategic initiatives that position them for future success. One of these companies, a leader in mobile gaming technology, has expanded its footprint into broader digital marketing with its platform, driving substantial revenue growth and profitability InvestorPlace • 10 days ago CMRE APP CRDO -3.99% These are the small-cap AI plays to know As the AI boom continues to captivate investors, attention is shifting to small and mid-cap space opportunities. TD Cowen deputy head of research Lisa Thomas joins Catalysts to shed light on promising AI investment plays beyond the usual Big Tech names. Thomas suggests that investors looking to enter the AI trade should consider data center plays such as Credo (CRDO) or DigitalBridge (DBRG). She says these companies offer "really good opportunities" for portfolio diversification with significant upside potential. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith Yahoo Finance Video • 23 days ago CRDO -3.99% These sectors that will 'endure' the 2024 election: Expert Several catalysts for the 2024 presidential election are approaching: Trump's hush money trial sentencing and Trump's running mate selection will both occur in the next two weeks. TD Cowen deputy head of research Lisa Thomas joins Catalysts to offer insight into how investors should prepare their portfolios as Election Day nears. Thomas suggests that investors focus on themes that will endure the presidential election and provide long-term gains: "We're putting tremendous focus on AI infrastructure. What are all of those architectural enhancements and improvements that are needed to really fuel the AI use cases that everyone is looking to? So for example, we upgraded Credo Technology (CRDO), which is a mid-cap name in the space that is working on enhancing speed in the data center. They had previously had a lot of customer concentration between Microsoft (MSFT) and Amazon (AMZN), but that's broadened out a lot. And we think that investors are increasingly starting to embrace those kinds of infrastructural names," Thomas says. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino Yahoo Finance Video • 23 days ago CRDO -3.99% Credo Technology Group Holding Full Year 2024 Earnings: EPS Misses Expectations Credo Technology Group Holding ( NASDAQ:CRDO ) Full Year 2024 Results Key Financial Results Revenue: US$193.0m (up 4.8... Simply Wall St. • 27 days ago CRDO -3.99% Credo Wins Upgrade To Buy On Expected Revenue Inflection Credo Technology won an upgrade to buy from a TD Cowen analyst, who cited an expected jump in revenue. Credo stock has advanced 40% in 2024 amid rising expectations. Investor's Business Daily • 29 days ago CRDO -3.99% 3 High Insider Ownership US Growth Companies With Earnings Growth Up To 84% Amid a backdrop of fluctuating global markets and moderate gains in U.S. stock futures, investors continue to seek out resilient growth opportunities within the American market. Companies with high insider ownership often signal strong confidence from those who know the business best, making them particularly compelling in these uncertain times. Simply Wall St. • last month CRDO -3.99% YMM -2.47% SRAD Credo to Present at 2024 Mizuho Technology Conference SAN JOSE, Calif., June 11, 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 as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced that Bill Brennan, President and CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference. Conference: 2024 Mizuho Te GlobeNewswire • last month CRDO -3.99% Why Wall Street Predicts Revenue Will Surge At This Maker Of Networking Devices Analysts predict 62% revenue growth for Credo in fiscal 2025, up from 5% this year, as AI servers drive demand for active electrical cables. Investor's Business Daily • last month CRDO -3.99% NVDA Earnings Update: Credo Technology Group Holding Ltd (NASDAQ:CRDO) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts The investors in Credo Technology Group Holding Ltd 's ( NASDAQ:CRDO ) will be rubbing their hands together with glee... Simply Wall St. • last month CRDO -3.99% Q4 2024 Credo Technology Group Holding Ltd Earnings Call Q4 2024 Credo Technology Group Holding Ltd Earnings Call Thomson Reuters StreetEvents • last month CRDO -3.99% Credo Technology Group Holding Ltd. (CRDO) Q4 Earnings and Revenues Surpass Estimates Credo Technology Group (CRDO) delivered earnings and revenue surprises of 40% and 0.47%, respectively, for the quarter ended April 2024. Do the numbers hold clues to what lies ahead for the stock? Zacks • last month CRDO -3.99% Credo Technology Group Holding Ltd Reports Fourth Quarter and Fiscal Year 2024 Financial Results 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% GAA GlobeNewswire • last month CRDO -3.99% Credo to Present at Stifel 2024 Cross Sector Insight Conference SAN JOSE, Calif., May 21, 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 as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced that Bill Brennan, President and CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference. Conference: Stifel 2024 Cro GlobeNewswire • 2 months ago CRDO -3.99% Exploring Three Growth Companies With Significant Insider Ownership As global markets show signs of resilience, with indices like the S&P 500 nearing record highs amid fluctuating economic indicators, investors continue to seek stable opportunities in growth-oriented companies. High insider ownership can be a reassuring signal in such companies, suggesting that those who know the business best are confident in its long-term prospects and are committed to driving value. Simply Wall St. • 2 months ago CRDO -3.99% Credo Schedules Fourth Quarter and Fiscal Year 2024 Financial Results Conference Call 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 GlobeNewswire • 2 months ago CRDO -3.99% Speculative Standouts: 7 ‘Strong Buy’ Stocks to Snag for Under $20 While speculative ideas are inherently treacherous, if you are going to take the risk, you might as well do so with strong buy stocks for under $20. First, the low price of the securities could potentially give you greater leverage should positive news lift the target enterprises. Here, the law of small numbers can be your friend. Relatively speaking, it doesn’t take much for a “cheap” stock to move higher (though the opposite is also true). Second, analysts aren’t about to blow up their profess InvestorPlace • 2 months ago TAL ZETA -8.38% SKYT Credo at TSMC 2024 North America Technology Symposium SAN JOSE, Calif., April 23, 2024--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 set to showcase its latest SerDes IP and Chiplet technology at three upcoming Taiwan Semiconductor Manufacturing Company (TSMC) Symposium events in 2024. Business Wire • 2 months ago CRDO -3.99% Credo Technology Group Holding Ltd Announces Appointment of Industry Veteran Clyde Hosein to Board of Directors SAN JOSE, Calif., April 02, 2024--Credo Technology Group Holding Ltd Announces Appointment of Industry Veteran Clyde Hosein to Board of Directors Business Wire • 3 months ago CRDO -3.99% View Source8: Taking into account the latest results, the most recent consensus for Credo Technology Group Holding from ten analysts is for revenues of US$311.9m in 2025. If met, it would imply a sizeable 62% increase on its revenue over the past 12 months. Earnings are expected to improve, with Credo Technology Group Holding forecast to report a statutory profit of US$0.086 per share. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$307.4m and earnings per share (EPS) of US$0.16 in 2025. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a large cut to EPS estimates. View Source9: The investors in Credo Technology Group Holding Ltd's (NASDAQ:CRDO) will be rubbing their hands together with glee today, after the share price leapt 31% to US$26.07 in the week following its annual results. Revenues were in line with expectations, at US$193m, while statutory losses ballooned to US$0.18 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results. View Source10: Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 21.92 percent of Credo Technology Group Holding Ltd shares are owned by insiders, and 72.59 percent are held by financial institutions. Brennan William Joseph, the Pres & Chief Executive Officer at Credo Technology Group Holding Ltd (CRDO) has sold 15,000 shares of firm on Nov 17 ’27 at a price of $17.71 against the total amount of $0.27 million. In another inside trade, Brennan William Joseph, Pres & Chief Executive Officer of Credo Technology Group Holding Ltd (NASDAQ:CRDO) sold 15,000 shares of the firm on Oct 24 ’24 for a total worth of $0.22 million at a price of $14.45. An inside trade which took place on Jul 03 ’24, Director of Credo Technology Group Holding Ltd TAN LIP BU sold 7,756 shares of firm against total price of $0.25 million at the cost of $31.88 per share. View Source11: Insider-Owned Growth Companies To Watch In July 2024 As global markets exhibit a notably broad advance with small-cap stocks leading the way, investors are keenly observing trends and shifts across various indices. In this context, growth companies with high insider ownership stand out as potentially resilient investment opportunities, especially considering the current economic indicators and market dynamics. Simply Wall St. • 9 days ago CRDO -3.99% 7 Hypergrowth Stocks to Buy and Hold for 50 Years Predicting the future is a fool’s errand. If you had asked me just five years ago what 2024 would look like, I would have gotten it laughably wrong. The world has changed at a dizzying pace over the last two decades, with the rise of smartphones, social media, artificial intelligence, and so much more. Paradigm-shifting events like the COVID-19 pandemic have humbled our collective prognosticating abilities. So, looking out 50 years to 2074 seems downright quixotic. Will we have flying cars and r InvestorPlace • 9 days ago NET IOT -6.47% SEMR 3 Stocks to Buy Before They Skyrocket: July Edition A list of the top stocks to buy early can lead to significant investment opportunities. Here, the focus is on three compelling stocks poised for accelerated growth. Each company stands out not only for its recent financial performance but also for strategic initiatives that position them for future success. One of these companies, a leader in mobile gaming technology, has expanded its footprint into broader digital marketing with its platform, driving substantial revenue growth and profitability InvestorPlace • 10 days ago CMRE APP CRDO -3.99% These are the small-cap AI plays to know As the AI boom continues to captivate investors, attention is shifting to small and mid-cap space opportunities. TD Cowen deputy head of research Lisa Thomas joins Catalysts to shed light on promising AI investment plays beyond the usual Big Tech names. Thomas suggests that investors looking to enter the AI trade should consider data center plays such as Credo (CRDO) or DigitalBridge (DBRG). She says these companies offer "really good opportunities" for portfolio diversification with significant upside potential. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith Yahoo Finance Video • 23 days ago CRDO -3.99% These sectors that will 'endure' the 2024 election: Expert Several catalysts for the 2024 presidential election are approaching: Trump's hush money trial sentencing and Trump's running mate selection will both occur in the next two weeks. TD Cowen deputy head of research Lisa Thomas joins Catalysts to offer insight into how investors should prepare their portfolios as Election Day nears. Thomas suggests that investors focus on themes that will endure the presidential election and provide long-term gains: "We're putting tremendous focus on AI infrastructure. What are all of those architectural enhancements and improvements that are needed to really fuel the AI use cases that everyone is looking to? So for example, we upgraded Credo Technology (CRDO), which is a mid-cap name in the space that is working on enhancing speed in the data center. They had previously had a lot of customer concentration between Microsoft (MSFT) and Amazon (AMZN), but that's broadened out a lot. And we think that investors are increasingly starting to embrace those kinds of infrastructural names," Thomas says. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino Yahoo Finance Video • 23 days ago CRDO -3.99% Credo Technology Group Holding Full Year 2024 Earnings: EPS Misses Expectations Credo Technology Group Holding ( NASDAQ:CRDO ) Full Year 2024 Results Key Financial Results Revenue: US$193.0m (up 4.8... Simply Wall St. • 27 days ago CRDO -3.99% Credo Wins Upgrade To Buy On Expected Revenue Inflection Credo Technology won an upgrade to buy from a TD Cowen analyst, who cited an expected jump in revenue. Credo stock has advanced 40% in 2024 amid rising expectations. Investor's Business Daily • 29 days ago CRDO -3.99% 3 High Insider Ownership US Growth Companies With Earnings Growth Up To 84% Amid a backdrop of fluctuating global markets and moderate gains in U.S. stock futures, investors continue to seek out resilient growth opportunities within the American market. Companies with high insider ownership often signal strong confidence from those who know the business best, making them particularly compelling in these uncertain times. Simply Wall St. • last month CRDO -3.99% YMM -2.47% SRAD Credo to Present at 2024 Mizuho Technology Conference SAN JOSE, Calif., June 11, 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 as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced that Bill Brennan, President and CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference. Conference: 2024 Mizuho Te GlobeNewswire • last month CRDO -3.99% Why Wall Street Predicts Revenue Will Surge At This Maker Of Networking Devices Analysts predict 62% revenue growth for Credo in fiscal 2025, up from 5% this year, as AI servers drive demand for active electrical cables. Investor's Business Daily • last month CRDO -3.99% NVDA Earnings Update: Credo Technology Group Holding Ltd (NASDAQ:CRDO) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts The investors in Credo Technology Group Holding Ltd 's ( NASDAQ:CRDO ) will be rubbing their hands together with glee... Simply Wall St. • last month CRDO -3.99% Q4 2024 Credo Technology Group Holding Ltd Earnings Call Q4 2024 Credo Technology Group Holding Ltd Earnings Call Thomson Reuters StreetEvents • last month CRDO -3.99% Credo Technology Group Holding Ltd. (CRDO) Q4 Earnings and Revenues Surpass Estimates Credo Technology Group (CRDO) delivered earnings and revenue surprises of 40% and 0.47%, respectively, for the quarter ended April 2024. Do the numbers hold clues to what lies ahead for the stock? Zacks • last month CRDO -3.99% Credo Technology Group Holding Ltd Reports Fourth Quarter and Fiscal Year 2024 Financial Results 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% GAA GlobeNewswire • last month CRDO -3.99% Credo to Present at Stifel 2024 Cross Sector Insight Conference SAN JOSE, Calif., May 21, 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 as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced that Bill Brennan, President and CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference. Conference: Stifel 2024 Cro GlobeNewswire • 2 months ago CRDO -3.99% Exploring Three Growth Companies With Significant Insider Ownership As global markets show signs of resilience, with indices like the S&P 500 nearing record highs amid fluctuating economic indicators, investors continue to seek stable opportunities in growth-oriented companies. High insider ownership can be a reassuring signal in such companies, suggesting that those who know the business best are confident in its long-term prospects and are committed to driving value. Simply Wall St. • 2 months ago CRDO -3.99% Credo Schedules Fourth Quarter and Fiscal Year 2024 Financial Results Conference Call 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 GlobeNewswire • 2 months ago CRDO -3.99% Speculative Standouts: 7 ‘Strong Buy’ Stocks to Snag for Under $20 While speculative ideas are inherently treacherous, if you are going to take the risk, you might as well do so with strong buy stocks for under $20. First, the low price of the securities could potentially give you greater leverage should positive news lift the target enterprises. Here, the law of small numbers can be your friend. Relatively speaking, it doesn’t take much for a “cheap” stock to move higher (though the opposite is also true). Second, analysts aren’t about to blow up their profess InvestorPlace • 2 months ago TAL ZETA -8.38% SKYT Credo at TSMC 2024 North America Technology Symposium SAN JOSE, Calif., April 23, 2024--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 set to showcase its latest SerDes IP and Chiplet technology at three upcoming Taiwan Semiconductor Manufacturing Company (TSMC) Symposium events in 2024. Business Wire • 2 months ago CRDO -3.99% Credo Technology Group Holding Ltd Announces Appointment of Industry Veteran Clyde Hosein to Board of Directors SAN JOSE, Calif., April 02, 2024--Credo Technology Group Holding Ltd Announces Appointment of Industry Veteran Clyde Hosein to Board of Directors Business Wire • 3 months ago CRDO -3.99% View Source12: Credo Technology price target raised to $36 from $30 at StifelJuly 18, 2024TipRanksCredo Technology price target raised to $40 from $35 at TD CowenJuly 15, 2024TipRanksCredo Technology Group: A Buy Rating with Growth and Innovation at the ForefrontJuly 14, 2024TipRanksCredo Technology Group put volume heavy and directionally bearishJune 28, 2024TipRanksCraig-Hallum Gives a Buy Rating to Credo Technology Group Holding Ltd (CRDO)June 28, 2024TipRanks View Source13: TD Cowen raised the price target for the Credo Technology Group Holding Ltd (NASDAQ:CRDO) stock from “a Hold” to “a Buy”. The rating was released on June 25, 2024, according to finviz. We previously noted in another research note published on February 28, 2024 by TD Cowen that reiterated the stock to a Market perform with a price target of $24 for CRDO stock. The research report from TD Cowen has reiterated the stock to Market Perform, with a price target set at $20. The stock was initiated by Barclays, who disclosed in a research note on October 02, 2023, to Overweight and set the price objective to $18. In their research brief published August 25, 2023, TD Cowen analysts reiterated the Credo Technology Group Holding Ltd stock to Market Perform with a price target of $16. View Source14: Credo Technology Group Holding Full Year 2024 Earnings: EPS Misses Expectations View Source15: The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Credo Technology Group Holding. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates. View Source
NO

The provided facts do not indicate that Credo Technology Group Holding Ltd is launching any new product offerings.
Credo Technology Group Holding Ltd's expansion strategy for 2024 through 2026 focuses on accelerating revenue growth and enhancing its market presence through innovative high-speed connectivity solutions. The company is expected to see a significant 62% revenue growth in fiscal 2025, driven by increasing demand for AI servers and active electrical cables 1617. Credo has broadened its customer base beyond major clients like Microsoft and Amazon, positioning itself for diversified growth 18. Additionally, the company plans to showcase its latest SerDes IP and Chiplet technology at multiple industry events, further solidifying its role as a leader in the data infrastructure market 1920.
16: Taking into account the latest results, the most recent consensus for Credo Technology Group Holding from ten analysts is for revenues of US$311.9m in 2025. If met, it would imply a sizeable 62% increase on its revenue over the past 12 months. Earnings are expected to improve, with Credo Technology Group Holding forecast to report a statutory profit of US$0.086 per share. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$307.4m and earnings per share (EPS) of US$0.16 in 2025. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a large cut to EPS estimates. View Source17: Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's clear from the latest estimates that Credo Technology Group Holding's rate of growth is expected to accelerate meaningfully, with the forecast 62% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 35% p.a. over the past three years. Compare this with other companies in the same industry, which are forecast to grow their revenue 17% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Credo Technology Group Holding is expected to grow much faster than its industry. View Source18: Insider-Owned Growth Companies To Watch In July 2024 As global markets exhibit a notably broad advance with small-cap stocks leading the way, investors are keenly observing trends and shifts across various indices. In this context, growth companies with high insider ownership stand out as potentially resilient investment opportunities, especially considering the current economic indicators and market dynamics. Simply Wall St. • 9 days ago CRDO -3.99% 7 Hypergrowth Stocks to Buy and Hold for 50 Years Predicting the future is a fool’s errand. If you had asked me just five years ago what 2024 would look like, I would have gotten it laughably wrong. The world has changed at a dizzying pace over the last two decades, with the rise of smartphones, social media, artificial intelligence, and so much more. Paradigm-shifting events like the COVID-19 pandemic have humbled our collective prognosticating abilities. So, looking out 50 years to 2074 seems downright quixotic. Will we have flying cars and r InvestorPlace • 9 days ago NET IOT -6.47% SEMR 3 Stocks to Buy Before They Skyrocket: July Edition A list of the top stocks to buy early can lead to significant investment opportunities. Here, the focus is on three compelling stocks poised for accelerated growth. Each company stands out not only for its recent financial performance but also for strategic initiatives that position them for future success. One of these companies, a leader in mobile gaming technology, has expanded its footprint into broader digital marketing with its platform, driving substantial revenue growth and profitability InvestorPlace • 10 days ago CMRE APP CRDO -3.99% These are the small-cap AI plays to know As the AI boom continues to captivate investors, attention is shifting to small and mid-cap space opportunities. TD Cowen deputy head of research Lisa Thomas joins Catalysts to shed light on promising AI investment plays beyond the usual Big Tech names. Thomas suggests that investors looking to enter the AI trade should consider data center plays such as Credo (CRDO) or DigitalBridge (DBRG). She says these companies offer "really good opportunities" for portfolio diversification with significant upside potential. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith Yahoo Finance Video • 23 days ago CRDO -3.99% These sectors that will 'endure' the 2024 election: Expert Several catalysts for the 2024 presidential election are approaching: Trump's hush money trial sentencing and Trump's running mate selection will both occur in the next two weeks. TD Cowen deputy head of research Lisa Thomas joins Catalysts to offer insight into how investors should prepare their portfolios as Election Day nears. Thomas suggests that investors focus on themes that will endure the presidential election and provide long-term gains: "We're putting tremendous focus on AI infrastructure. What are all of those architectural enhancements and improvements that are needed to really fuel the AI use cases that everyone is looking to? So for example, we upgraded Credo Technology (CRDO), which is a mid-cap name in the space that is working on enhancing speed in the data center. They had previously had a lot of customer concentration between Microsoft (MSFT) and Amazon (AMZN), but that's broadened out a lot. And we think that investors are increasingly starting to embrace those kinds of infrastructural names," Thomas says. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino Yahoo Finance Video • 23 days ago CRDO -3.99% Credo Technology Group Holding Full Year 2024 Earnings: EPS Misses Expectations Credo Technology Group Holding ( NASDAQ:CRDO ) Full Year 2024 Results Key Financial Results Revenue: US$193.0m (up 4.8... Simply Wall St. • 27 days ago CRDO -3.99% Credo Wins Upgrade To Buy On Expected Revenue Inflection Credo Technology won an upgrade to buy from a TD Cowen analyst, who cited an expected jump in revenue. Credo stock has advanced 40% in 2024 amid rising expectations. Investor's Business Daily • 29 days ago CRDO -3.99% 3 High Insider Ownership US Growth Companies With Earnings Growth Up To 84% Amid a backdrop of fluctuating global markets and moderate gains in U.S. stock futures, investors continue to seek out resilient growth opportunities within the American market. Companies with high insider ownership often signal strong confidence from those who know the business best, making them particularly compelling in these uncertain times. Simply Wall St. • last month CRDO -3.99% YMM -2.47% SRAD Credo to Present at 2024 Mizuho Technology Conference SAN JOSE, Calif., June 11, 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 as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced that Bill Brennan, President and CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference. Conference: 2024 Mizuho Te GlobeNewswire • last month CRDO -3.99% Why Wall Street Predicts Revenue Will Surge At This Maker Of Networking Devices Analysts predict 62% revenue growth for Credo in fiscal 2025, up from 5% this year, as AI servers drive demand for active electrical cables. Investor's Business Daily • last month CRDO -3.99% NVDA Earnings Update: Credo Technology Group Holding Ltd (NASDAQ:CRDO) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts The investors in Credo Technology Group Holding Ltd 's ( NASDAQ:CRDO ) will be rubbing their hands together with glee... Simply Wall St. • last month CRDO -3.99% Q4 2024 Credo Technology Group Holding Ltd Earnings Call Q4 2024 Credo Technology Group Holding Ltd Earnings Call Thomson Reuters StreetEvents • last month CRDO -3.99% Credo Technology Group Holding Ltd. (CRDO) Q4 Earnings and Revenues Surpass Estimates Credo Technology Group (CRDO) delivered earnings and revenue surprises of 40% and 0.47%, respectively, for the quarter ended April 2024. Do the numbers hold clues to what lies ahead for the stock? Zacks • last month CRDO -3.99% Credo Technology Group Holding Ltd Reports Fourth Quarter and Fiscal Year 2024 Financial Results 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% GAA GlobeNewswire • last month CRDO -3.99% Credo to Present at Stifel 2024 Cross Sector Insight Conference SAN JOSE, Calif., May 21, 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 as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced that Bill Brennan, President and CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference. Conference: Stifel 2024 Cro GlobeNewswire • 2 months ago CRDO -3.99% Exploring Three Growth Companies With Significant Insider Ownership As global markets show signs of resilience, with indices like the S&P 500 nearing record highs amid fluctuating economic indicators, investors continue to seek stable opportunities in growth-oriented companies. High insider ownership can be a reassuring signal in such companies, suggesting that those who know the business best are confident in its long-term prospects and are committed to driving value. Simply Wall St. • 2 months ago CRDO -3.99% Credo Schedules Fourth Quarter and Fiscal Year 2024 Financial Results Conference Call 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 GlobeNewswire • 2 months ago CRDO -3.99% Speculative Standouts: 7 ‘Strong Buy’ Stocks to Snag for Under $20 While speculative ideas are inherently treacherous, if you are going to take the risk, you might as well do so with strong buy stocks for under $20. First, the low price of the securities could potentially give you greater leverage should positive news lift the target enterprises. Here, the law of small numbers can be your friend. Relatively speaking, it doesn’t take much for a “cheap” stock to move higher (though the opposite is also true). Second, analysts aren’t about to blow up their profess InvestorPlace • 2 months ago TAL ZETA -8.38% SKYT Credo at TSMC 2024 North America Technology Symposium SAN JOSE, Calif., April 23, 2024--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 set to showcase its latest SerDes IP and Chiplet technology at three upcoming Taiwan Semiconductor Manufacturing Company (TSMC) Symposium events in 2024. Business Wire • 2 months ago CRDO -3.99% Credo Technology Group Holding Ltd Announces Appointment of Industry Veteran Clyde Hosein to Board of Directors SAN JOSE, Calif., April 02, 2024--Credo Technology Group Holding Ltd Announces Appointment of Industry Veteran Clyde Hosein to Board of Directors Business Wire • 3 months ago CRDO -3.99% View Source19: Insider-Owned Growth Companies To Watch In July 2024 As global markets exhibit a notably broad advance with small-cap stocks leading the way, investors are keenly observing trends and shifts across various indices. In this context, growth companies with high insider ownership stand out as potentially resilient investment opportunities, especially considering the current economic indicators and market dynamics. Simply Wall St. • 9 days ago CRDO -3.99% 7 Hypergrowth Stocks to Buy and Hold for 50 Years Predicting the future is a fool’s errand. If you had asked me just five years ago what 2024 would look like, I would have gotten it laughably wrong. The world has changed at a dizzying pace over the last two decades, with the rise of smartphones, social media, artificial intelligence, and so much more. Paradigm-shifting events like the COVID-19 pandemic have humbled our collective prognosticating abilities. So, looking out 50 years to 2074 seems downright quixotic. Will we have flying cars and r InvestorPlace • 9 days ago NET IOT -6.47% SEMR 3 Stocks to Buy Before They Skyrocket: July Edition A list of the top stocks to buy early can lead to significant investment opportunities. Here, the focus is on three compelling stocks poised for accelerated growth. Each company stands out not only for its recent financial performance but also for strategic initiatives that position them for future success. One of these companies, a leader in mobile gaming technology, has expanded its footprint into broader digital marketing with its platform, driving substantial revenue growth and profitability InvestorPlace • 10 days ago CMRE APP CRDO -3.99% These are the small-cap AI plays to know As the AI boom continues to captivate investors, attention is shifting to small and mid-cap space opportunities. TD Cowen deputy head of research Lisa Thomas joins Catalysts to shed light on promising AI investment plays beyond the usual Big Tech names. Thomas suggests that investors looking to enter the AI trade should consider data center plays such as Credo (CRDO) or DigitalBridge (DBRG). She says these companies offer "really good opportunities" for portfolio diversification with significant upside potential. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith Yahoo Finance Video • 23 days ago CRDO -3.99% These sectors that will 'endure' the 2024 election: Expert Several catalysts for the 2024 presidential election are approaching: Trump's hush money trial sentencing and Trump's running mate selection will both occur in the next two weeks. TD Cowen deputy head of research Lisa Thomas joins Catalysts to offer insight into how investors should prepare their portfolios as Election Day nears. Thomas suggests that investors focus on themes that will endure the presidential election and provide long-term gains: "We're putting tremendous focus on AI infrastructure. What are all of those architectural enhancements and improvements that are needed to really fuel the AI use cases that everyone is looking to? So for example, we upgraded Credo Technology (CRDO), which is a mid-cap name in the space that is working on enhancing speed in the data center. They had previously had a lot of customer concentration between Microsoft (MSFT) and Amazon (AMZN), but that's broadened out a lot. And we think that investors are increasingly starting to embrace those kinds of infrastructural names," Thomas says. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino Yahoo Finance Video • 23 days ago CRDO -3.99% Credo Technology Group Holding Full Year 2024 Earnings: EPS Misses Expectations Credo Technology Group Holding ( NASDAQ:CRDO ) Full Year 2024 Results Key Financial Results Revenue: US$193.0m (up 4.8... Simply Wall St. • 27 days ago CRDO -3.99% Credo Wins Upgrade To Buy On Expected Revenue Inflection Credo Technology won an upgrade to buy from a TD Cowen analyst, who cited an expected jump in revenue. Credo stock has advanced 40% in 2024 amid rising expectations. Investor's Business Daily • 29 days ago CRDO -3.99% 3 High Insider Ownership US Growth Companies With Earnings Growth Up To 84% Amid a backdrop of fluctuating global markets and moderate gains in U.S. stock futures, investors continue to seek out resilient growth opportunities within the American market. Companies with high insider ownership often signal strong confidence from those who know the business best, making them particularly compelling in these uncertain times. Simply Wall St. • last month CRDO -3.99% YMM -2.47% SRAD Credo to Present at 2024 Mizuho Technology Conference SAN JOSE, Calif., June 11, 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 as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced that Bill Brennan, President and CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference. Conference: 2024 Mizuho Te GlobeNewswire • last month CRDO -3.99% Why Wall Street Predicts Revenue Will Surge At This Maker Of Networking Devices Analysts predict 62% revenue growth for Credo in fiscal 2025, up from 5% this year, as AI servers drive demand for active electrical cables. Investor's Business Daily • last month CRDO -3.99% NVDA Earnings Update: Credo Technology Group Holding Ltd (NASDAQ:CRDO) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts The investors in Credo Technology Group Holding Ltd 's ( NASDAQ:CRDO ) will be rubbing their hands together with glee... Simply Wall St. • last month CRDO -3.99% Q4 2024 Credo Technology Group Holding Ltd Earnings Call Q4 2024 Credo Technology Group Holding Ltd Earnings Call Thomson Reuters StreetEvents • last month CRDO -3.99% Credo Technology Group Holding Ltd. (CRDO) Q4 Earnings and Revenues Surpass Estimates Credo Technology Group (CRDO) delivered earnings and revenue surprises of 40% and 0.47%, respectively, for the quarter ended April 2024. Do the numbers hold clues to what lies ahead for the stock? Zacks • last month CRDO -3.99% Credo Technology Group Holding Ltd Reports Fourth Quarter and Fiscal Year 2024 Financial Results 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% GAA GlobeNewswire • last month CRDO -3.99% Credo to Present at Stifel 2024 Cross Sector Insight Conference SAN JOSE, Calif., May 21, 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 as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced that Bill Brennan, President and CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference. Conference: Stifel 2024 Cro GlobeNewswire • 2 months ago CRDO -3.99% Exploring Three Growth Companies With Significant Insider Ownership As global markets show signs of resilience, with indices like the S&P 500 nearing record highs amid fluctuating economic indicators, investors continue to seek stable opportunities in growth-oriented companies. High insider ownership can be a reassuring signal in such companies, suggesting that those who know the business best are confident in its long-term prospects and are committed to driving value. Simply Wall St. • 2 months ago CRDO -3.99% Credo Schedules Fourth Quarter and Fiscal Year 2024 Financial Results Conference Call 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 GlobeNewswire • 2 months ago CRDO -3.99% Speculative Standouts: 7 ‘Strong Buy’ Stocks to Snag for Under $20 While speculative ideas are inherently treacherous, if you are going to take the risk, you might as well do so with strong buy stocks for under $20. First, the low price of the securities could potentially give you greater leverage should positive news lift the target enterprises. Here, the law of small numbers can be your friend. Relatively speaking, it doesn’t take much for a “cheap” stock to move higher (though the opposite is also true). Second, analysts aren’t about to blow up their profess InvestorPlace • 2 months ago TAL ZETA -8.38% SKYT Credo at TSMC 2024 North America Technology Symposium SAN JOSE, Calif., April 23, 2024--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 set to showcase its latest SerDes IP and Chiplet technology at three upcoming Taiwan Semiconductor Manufacturing Company (TSMC) Symposium events in 2024. Business Wire • 2 months ago CRDO -3.99% Credo Technology Group Holding Ltd Announces Appointment of Industry Veteran Clyde Hosein to Board of Directors SAN JOSE, Calif., April 02, 2024--Credo Technology Group Holding Ltd Announces Appointment of Industry Veteran Clyde Hosein to Board of Directors Business Wire • 3 months ago CRDO -3.99% View Source20: Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, 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, as well as integrated circuits, active electrical cables. The company also offers intellectual property solutions consist of SerDes IP licensing. It sells its products to hyperscalers, original equipment manufacturers, original design manufacturers and optical module manufacturers, as well as into the enterprise and HPC markets. The company was founded in 2008 and is based in Grand Cayman, Cayman Islands. View Source