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Credo Technology Group Holding Ltd  (CRDO)
Other Ticker:  
 
    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology
 
Price: $22.3100 $-0.29 -1.283%
Day's High: $22.85 Week Perf: 4.2 %
Day's Low: $ 21.93 30 Day Perf: 3.57 %
Volume (M): 2,644 52 Wk High: $ 23.60
Volume (M$): $ 58,997 52 Wk Avg: $15.24
Open: $22.68 52 Wk Low: $7.20



 Market Capitalization (Millions $) 3,352
 Shares Outstanding (Millions) 150
 Employees 382
 Revenues (TTM) (Millions $) 164
 Net Income (TTM) (Millions $) -31
 Cash Flow (TTM) (Millions $) -62
 Capital Exp. (TTM) (Millions $) 18

Credo Technology Group Holding Ltd
Credo is an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data generation and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market.


   Company Address: Maples Corporate Services, Limited Grand Cayman 0
   Company Phone Number: 664-9329   Stock Exchange / Ticker: NASDAQ CRDO
   CRDO is expected to report next financial results on March 01, 2024.


Customers Net Income grew by CRDO's Customers Net Profit Margin grew to

50.77 %

520.53 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AVGO        6.73% 
MRVL        5.5% 
MTSI        4.75% 
MXL   -3.6%    
SLAB   -1.26%    
WOLF        1.07% 
• View Complete Report
   



Product Service News

Credo Technology Group Holding Ltd Unveils Robust 112G PAM4 SerDes IP Family on TSMC's Cutting-Edge N3 Process Technology

Published Thu, Feb 1 2024 2:00 PM UTC

Credo Technology Launches New 112G PAM4 SerDes IP for TSMC N3 Process TechnologyCredo Technology Group Holding Ltd has recently announced the release of its latest 112G PAM4 SerDes Intellectual Property (IP) family on TSMC's cutting-edge N3 and N7/N6 process technologies. With this expansion, Credo's SerDes IP offering will now cover a wide range of demands, including long r...

Stock Market Announcement

Credo Technology Group Holding Ltd Announces Pricing of Public Offering, Reflecting a Bullish Investor Sentiment

Published Wed, Dec 6 2023 5:30 AM UTC



SAN JOSE, Calif., Dec. 05, 2023 ? Credo Technology Group Holding Ltd (Nasdaq: CRDO) (Credo), a leading technology company, revealed today the successful pricing of an underwritten public offering of its ordinary shares. The offering is expected to generate $156.5 million in gross proceeds, strengthening Credo's financial position and allowing for future growth and ...

Credo Technology Group Holding Ltd

Credo Technology Group Holding Ltd Reports Wider Loss, but Shows Promise with Improved EPS

Credo Technology Group Holding Ltd, a leading provider of secure and high-speed connectivity solutions, recently announced its financial results for the second quarter of fiscal year 2024, which ended on October 28, 2023. Despite reporting a wider loss of $-0.04 per share compared to $-0.02 per share a year ago, the company managed to improve its EPS from $-0.08 per share from the previous reporting season.
However, the revenue for the period decreased significantly by -16.064% to $43.12 million from $51.37 million compared to the same reporting season a year ago. On a positive note, sequential revenue improved by 23.935% from $34.79 million. The net loss for the most recent fiscal period was $-6.623 million, which is higher than the net loss of $-3.360 million recorded in the previous year.

Credo Technology Group Holding Ltd

Credo Technology Group Holding Ltd Reports Growing Deficit and Declining Revenue in Q3 2023


Introduction
Credo Technology Group Holding Ltd, a prominent player in the technology industry, recently released its financial report for the quarter ending July 29, 2023. The report highlighted weak orders as the primary cause of the company's losses for the period. This article will analyze the key findings from the report, focusing on the net deficit per share, revenue, inventories, accounts receivable, and future financial expectations.
Net Deficit Per Share and Revenue
The Jul 29, 2023 report revealed that Credo Technology Group's net deficit per share rose significantly to $-0.08 from $0.00 compared to the same period the previous year. This increase is a clear indication of the challenges faced by the company. Concurrently, revenue declined by a concerning -25.13% to $34.79 million in Q3 2023, compared to $46.47 million a year ago. However, there was an encouraging 8.421% increase in revenue from the previous quarter, amounting to $32.09 million.

Credo Technology Group Holding Ltd

Credo Technology Group Battles Drastic Revenue Plunge in Q4 2023, Reports 57% Year-Over-Year Decline


Introduction
In the midst of the continually evolving semiconductor market, Credo Technology Group Holding Ltd has released its financial results for the February to April 2023 period. The company's report reveals a narrowed loss per share compared to previous years, along with a drastic decline in revenue. Despite the challenging conditions, Credo Technology Group Holding Ltd is demonstrating signs of recovery and offering potential for future growth.
Loss per Share Improvement and Decline in Revenue
During the February to April 2023 period, Credo Technology Group Holding Ltd faced a loss per share of $-0.07, showcasing a significant improvement from the $-0.25 loss it incurred a year earlier. Moreover, compared to the preceding quarter, the company experienced a decline in income per share from $0.02 to $-0.11.






 

Credo Technology Group Holding Ltd's Segments
 
 
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