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Credo Technology Group Holding Ltd (CRDO)

NASDAQ
Currency in USD
74.23
+3.83(+5.44%)
Closed
After Hours
75.30+1.07(+1.44%)
CRDO Scorecard
Full Analysis
Net income is expected to grow this year
Trading near 52-week High
Fair Value
Day's Range
70.0075.32
52 wk Range
16.8275.32
Key Statistics
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Prev. Close
70.4
Open
70.66
Day's Range
70-75.32
52 wk Range
16.82-75.32
Volume
4.6M
Average Volume (3m)
2.88M
1-Year Change
307.63%
Book Value / Share
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Fair Value
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Fair Value Upside
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CRDO Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
72.75
Downside
-1.99%
Members' Sentiments
Bearish
Bullish
ProTips
Analysts anticipate sales growth in the current year
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Credo Technology Group Holding Ltd Company Profile

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.

Credo Technology Group Holding Ltd SWOT Analysis


AI Revenue Surge
Credo's AI revenue projected to double by Q4 FY2025, driving optimism and upward revisions in forecasts for overall company growth
Client Pivot Success
Explore Credo's agile transition from Microsoft to Amazon, showcasing its ability to adapt and maintain strategic partnerships with tech giants
Financial Outlook
Analysts project EPS of $0.39 for FY1 and $0.89 for FY2, with average price target of $32, indicating strong growth potential
Market Positioning
Delve into Credo's competitive edge in high-speed connectivity solutions for data infrastructure, capitalizing on critical tech trends
Read full SWOT analysis
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Credo Technology Group Holding Ltd Earnings Call Summary for Q4/2024

  • Q2 revenue up 64% YoY to $72M, driven by 88% growth in product business; non-GAAP gross margin at 63.6%
  • Launched 800 gigabit Zero Flap AECs; developing solutions for speeds from 100 gig to 1.6 terabits per second
  • Projecting Q3 revenue of $115M-$125M, over 100% YoY growth in FY2025, and long-term annual growth rate of ~50%
  • CEO highlights revenue inflection point in H2 FY2025, with momentum exceeding initial projections
  • Stock dipped 0.4% in aftermarket trading despite strong performance and optimistic outlook
Last Updated: 2024-12-02, 06:10 p/m
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Compare CRDO to Peers and Sector

Metrics to compare
CRDO
Peers
Sector
Relationship
P/E Ratio
−521.3x−1.6x11.1x
PEG Ratio
−16.840.140.01
Price/Book
21.9x3.0x2.4x
Price / LTM Sales
50.5x5.9x2.2x
Upside (Analyst Target)
1.0%34.4%19.1%
Fair Value Upside
Unlock7.9%3.5%Unlock

Analysts' Recommendations

12 Buy
0 Hold
0 Sell
Ratings:
12 analysts
Overall Consensus
Strong Buy

Analysts 12-Month Price Target:

Average 72.75

(-1.99% Downside)

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FAQ

What Is the Credo Technology Holding (CRDO) Stock Price Today?

The Credo Technology Holding stock price today is 74.23

What Stock Exchange Does Credo Technology Holding Trade On?

Credo Technology Holding is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Credo Technology Holding?

The stock symbol for Credo Technology Holding is "CRDO."

What Is the Credo Technology Holding Market Cap?

As of today, Credo Technology Holding market cap is 12.41B.

What is Credo Technology Holding Earnings Per Share?

The Credo Technology Holding EPS is -0.146.

What Is the Next Credo Technology Holding Earnings Date?

Credo Technology Holding will release its next earnings report on Feb 26, 2025.

From a Technical Analysis Perspective, Is CRDO a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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