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S&P 500   5,088.80
DOW   39,131.53
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How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
AI Stock Caught Trading Under Secret Name (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
AI Stock Caught Trading Under Secret Name (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
The Eiffel Tower reopens to visitors after a 6-day closure due to an employee strike
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
AI Stock Caught Trading Under Secret Name (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
AI Stock Caught Trading Under Secret Name (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
The Eiffel Tower reopens to visitors after a 6-day closure due to an employee strike
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
AI Stock Caught Trading Under Secret Name (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
AI Stock Caught Trading Under Secret Name (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
The Eiffel Tower reopens to visitors after a 6-day closure due to an employee strike
NASDAQ:CRDO

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

$22.60
-0.67 (-2.88%)
(As of 02/23/2024 ET)
Today's Range
$22.15
$23.39
50-Day Range
$17.53
$23.27
52-Week Range
$7.20
$23.60
Volume
1.94 million shs
Average Volume
2.15 million shs
Market Capitalization
$3.40 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$20.67

Credo Technology Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
8.6% Downside
$20.67 Price Target
Short Interest
Bearish
8.29% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.39mentions of Credo Technology Group in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$47.43 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.12) to $0.11 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.14 out of 5 stars

Business Services Sector

247th out of 303 stocks

Semiconductors & Related Devices Industry

78th 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

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CRDO Apr 2024 17.500 put
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Credo Technology price target raised by $3 at Mizuho, here's why
Credo Technology Group to Exhibit at Chiplet Summit 2024
Why Credo Technology (CRDO) Stock Might be a Great Pick
See More Headlines
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Company Calendar

Last Earnings
11/29/2023
Today
2/25/2024
Next Earnings (Confirmed)
2/27/2024
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
$20.67
High Stock Price Target
$28.00
Low Stock Price Target
$13.00
Potential Upside/Downside
-8.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$-16,550,000.00
Pretax Margin
-20.21%

Debt

Sales & Book Value

Annual Sales
$184.19 million
Book Value
$2.34 per share

Miscellaneous

Free Float
114,667,000
Market Cap
$3.40 billion
Optionable
Optionable
Beta
2.06
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Key Executives















CRDO Stock Analysis - Frequently Asked Questions

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

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Credo Technology Group in the last twelve months. There are currently 1 sell rating, 1 hold rating and 7 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?

9 brokers have issued 1 year price objectives for Credo Technology Group's shares. Their CRDO share price targets range from $13.00 to $28.00. On average, they predict the company's share price to reach $20.67 in the next twelve months. This suggests that the stock has a possible downside of 8.6%.
View analysts price targets for CRDO
or view top-rated stocks among Wall Street analysts.

How have CRDO shares performed in 2024?

Credo Technology Group's stock was trading at $19.47 at the beginning of the year. Since then, CRDO shares have increased by 16.1% and is now trading at $22.60.
View the best growth stocks for 2024 here
.

Are investors shorting Credo Technology Group?

Credo Technology Group saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 9,370,000 shares, an increase of 23.3% from the January 15th total of 7,600,000 shares. Based on an average trading volume of 2,260,000 shares, the days-to-cover ratio is presently 4.1 days. Currently, 8.3% of the company's stock are sold short.
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 Tuesday, February 27th 2024.
View our CRDO earnings forecast
.

How can I listen to Credo Technology Group's earnings call?

Credo Technology Group will be holding an earnings conference call on Tuesday, February 27th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Credo Technology Group's earnings last quarter?

Credo Technology Group Holding Ltd (NASDAQ:CRDO) released its earnings results on Wednesday, November, 29th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.05. The business had revenue of $44.04 million for the quarter, compared to analyst estimates 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 previous year, the company earned $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).

What guidance has Credo Technology Group issued on next quarter's earnings?

Credo Technology Group updated its third quarter 2024 earnings guidance on Monday, December, 11th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $51.0 million-$53.0 million, compared to the consensus revenue estimate of $51.0 million.

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 Vanguard Group Inc. (9.29%), Capital Research Global Investors (3.78%), Jennison Associates LLC (1.55%), Nuveen Asset Management LLC (1.15%), Voloridge Investment Management LLC (1.10%) and Principal Financial Group Inc. (1.05%). Insiders that own company stock include Adam Thorngate-Gottlund, Chi Fung Cheng, Daniel W Fleming, Lip Bu Tan, Pantas Sutardja, William Joseph Brennan, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CRDO) was last updated on 2/25/2024 by MarketBeat.com Staff