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Credo Technology Group Holding Ltd  (CRDO)
Other Ticker:  
 
    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology
 
Price: $19.0300 $-0.33 -1.705%
Day's High: $19.385 Week Perf: -6.99 %
Day's Low: $ 18.99 30 Day Perf: -15.31 %
Volume (M): 3,150 52 Wk High: $ 23.90
Volume (M$): $ 59,941 52 Wk Avg: $15.90
Open: $19.03 52 Wk Low: $7.20



 Market Capitalization (Millions $) 3,181
 Shares Outstanding (Millions) 167
 Employees 382
 Revenues (TTM) (Millions $) 163
 Net Income (TTM) (Millions $) -34
 Cash Flow (TTM) (Millions $) -28
 Capital Exp. (TTM) (Millions $) 16

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
   


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

145.53 %

17.89 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AVGO   -4.46%    
MRVL   -7.59%    
MTSI   -3.62%    
MXL   -13.79%    
SLAB   -9.93%    
WOLF   -7.09%    
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Credo Technology Group Holding Ltd

Credo Technology Group Holding Ltd Sees $2.05 Million Boost in Earnings from Income Tax Provisions



Credo Technology Group Holding Ltd, an innovator in secure, high-speed connectivity solutions, recently released its financial results for the third quarter of fiscal year 2024. While some aspects of the report indicate a decline in performance, other indicators point towards potential future growth. This article will analyze the implications of these financial results and discuss how they may impact Credo Technology Group's future performance.
Financial Performance Overview:
1. Earnings per Share (EPS): In the financial third quarter of 2024, Credo reported an EPS of $0.00, significantly lower compared to $0.02 in the same period a year earlier and an improvement from the previous reporting period's loss of $-0.04 per share. This suggests a stabilization in profitability but raises concerns about the lack of earnings growth.

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's Segments
 
 
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