S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
New CBOE “special perk” helps traders target income every weekend (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Lacking counselors, US schools turn to the booming business of online therapy
New CBOE “special perk” helps traders target income every weekend (Ad)
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
New CBOE “special perk” helps traders target income every weekend (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Lacking counselors, US schools turn to the booming business of online therapy
New CBOE “special perk” helps traders target income every weekend (Ad)
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
New CBOE “special perk” helps traders target income every weekend (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Lacking counselors, US schools turn to the booming business of online therapy
New CBOE “special perk” helps traders target income every weekend (Ad)
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
New CBOE “special perk” helps traders target income every weekend (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Lacking counselors, US schools turn to the booming business of online therapy
New CBOE “special perk” helps traders target income every weekend (Ad)
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war

Credo Technology Group Stock Price, News & Analysis (NASDAQ:CRDO)

$19.07
+1.16 (+6.48%)
(As of 12/1/2023 ET)
Compare
Today's Range
$17.59
$19.26
50-Day Range
$13.60
$19.33
52-Week Range
$7.20
$19.46
Volume
3.64 million shs
Average Volume
1.83 million shs
Market Capitalization
$2.86 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$17.92

Credo Technology Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
6.0% Downside
$17.92 Price Target
Short Interest
Bearish
7.81% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.52mentions of Credo Technology Group in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$11.66 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.15) to $0.12 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.66 out of 5 stars

Business Services Sector

249th out of 304 stocks

Semiconductors & Related Devices Industry

75th out of 88 stocks


CRDO stock logo

About Credo Technology Group Stock (NASDAQ:CRDO)

Credo Technology Group Holding Ltd provides various high-speed connectivCredo 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 HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP. 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 headquartered in San Jose, California.ity 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.

CRDO Stock Price History

CRDO Stock News Headlines

New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Credo Technology Group (NASDAQ:CRDO) PT Raised to $21.00 at Mizuho
Credo Technology Group (NASDAQ:CRDO) PT Raised to $24.00
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Credo to Present at Barclays Global Technology Conference
Here's what to expect from Credo Technology Group's earnings
Credo Technology Group (CRDO) to Release Earnings on Wednesday
See More Headlines
Receive CRDO Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Credo Technology Group and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
11/29/2023
Today
12/03/2023
Next Earnings (Estimated)
3/06/2024
Fiscal Year End
4/30/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
N/A
Current Symbol
NASDAQ:CRDO
Fax
N/A
Employees
438
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.92
High Stock Price Target
$24.00
Low Stock Price Target
$11.00
Potential Upside/Downside
-6.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$-16,550,000.00
Pretax Margin
-17.19%

Debt

Sales & Book Value

Annual Sales
$184.19 million
Book Value
$2.34 per share

Miscellaneous

Free Float
114,187,000
Market Cap
$2.86 billion
Optionable
Not Optionable
Beta
2.09
20 Stocks to Sell Now Cover

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.

Get This Free Report

Key Executives

  • Mr. William J. Brennan (Age 59)
    President, CEO & Director
    Comp: $857.5k
  • Mr. Chi Fung Cheng (Age 54)
    Co-founder, CTO & Director
    Comp: $535.21k
  • Mr. Yat Tung Lam (Age 56)
    Co-founder, COO & Director
    Comp: $458.75k
  • Mr. Daniel Fleming (Age 56)
    Chief Financial Officer
    Comp: $589.02k
  • Mr. Adam Thorngate-Gottlund (Age 41)
    General Counsel & Secretary
    Comp: $432.25k
  • Mr. Daniel J. O'Neil (Age 52)
    Vice President of Corporate Development & Investor Relations
  • Mr. Michael Girvan Lampe
    Vice President of Worldwide Sales
  • Mr. Scott Feller
    Vice President of Marketing














CRDO Stock Analysis - Frequently Asked Questions

Should I buy or sell Credo Technology Group stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Credo Technology Group in the last year. There are currently 1 sell rating, 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CRDO shares.
View CRDO analyst ratings
or view top-rated stocks.

What is Credo Technology Group's stock price target for 2024?

12 Wall Street research analysts have issued 1-year target prices for Credo Technology Group's shares. Their CRDO share price targets range from $11.00 to $24.00. On average, they predict the company's share price to reach $17.92 in the next twelve months. This suggests that the stock has a possible downside of 6.0%.
View analysts price targets for CRDO
or view top-rated stocks among Wall Street analysts.

How have CRDO shares performed in 2023?

Credo Technology Group's stock was trading at $13.31 at the start of the year. Since then, CRDO shares have increased by 43.3% and is now trading at $19.07.
View the best growth stocks for 2023 here
.

Are investors shorting Credo Technology Group?

Credo Technology Group saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 8,420,000 shares, an increase of 7.1% from the October 31st total of 7,860,000 shares. Based on an average daily trading volume, of 1,530,000 shares, the days-to-cover ratio is presently 5.5 days. Approximately 7.8% of the company's shares are short sold.
View Credo Technology Group's Short Interest
.

When is Credo Technology Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
View our CRDO earnings forecast
.

How were Credo Technology Group's earnings last quarter?

Credo Technology Group Holding Ltd (NASDAQ:CRDO) released its quarterly earnings data on Wednesday, November, 29th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.05. The business earned $44.04 million during the quarter, compared to analysts' expectations of $42.66 million. Credo Technology Group had a negative net margin of 19.00% and a negative trailing twelve-month return on equity of 7.98%. Credo Technology Group's quarterly revenue was down 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 earnings per share.

What ETFs hold Credo Technology Group's stock?

ETFs with the largest weight of Credo Technology Group (NASDAQ:CRDO) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD).BlackRock Future Tech ETF (BTEK).

When did Credo Technology Group IPO?

(CRDO) raised $220 million in an IPO on Thursday, January 27th 2022. The company issued 20,000,000 shares at a price of $10.00-$12.00 per share.

Who are Credo Technology Group's major shareholders?

Credo Technology Group's stock is owned by a number of retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (5.80%), Principal Financial Group Inc. (1.05%), Assenagon Asset Management S.A. (0.90%), American Century Companies Inc. (0.88%), Morgan Stanley (0.80%) and Emerald Advisers LLC (0.74%). Insiders that own company stock include Adam Thorngate-Gottlund, Chi Fung Cheng, Daniel W Fleming, Lip Bu Tan, William Joseph Brennan and Yat Tung Lam.
View institutional ownership trends
.

How do I buy shares of Credo Technology Group?

Shares of CRDO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:CRDO) was last updated on 12/3/2023 by MarketBeat.com Staff

My Account -