Streetbeat News

CRDO

Credo Technology Group Holding Ltd

Industry

Communication Equipment

Credo 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 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.

Open

77.79

Mkt cap

13B

Volume

6.3M

High

82.00

P/E Ratio

-571.57

52-wk high

82.00

Low

75.26

Div yield

N/A

52-wk low

16.82

Credo Technology's stock surged by 245% in 2024 due to its high-speed connectivity solutions for the data infrastructure market. However, in early 2025, the stock has seen a slight decline of 3.2%.

Portfolio Pulse from

January 15, 2025 | 1:00 pm

Credo Technology Group's shares surged by 37.3% in December, as reported by S&P Global Market Intelligence.

Portfolio Pulse from

January 08, 2025 | 2:45 pm

MoneyShow's Best Investment Ideas for 2025 highlights a diverse range of stocks and ETFs, including Domino's Pizza, Hercules Capital, Credo Technology, Clearway Energy, Verizon, Duke Energy, and Essential Utilities. The focus is on theme-based picks, momentum stocks, turnaround potentials, and speculative plays.

Portfolio Pulse from

January 07, 2025 | 2:45 pm

Credo Technology Group (CRDO) has experienced a significant surge of 284% over the past year, driven by its strong portfolio of Active Electrical Cables and Digital Signal Processor solutions. This positions CRDO as a potential long-term investment opportunity.

Portfolio Pulse from

January 06, 2025 | 6:00 pm

Credo Technology Group is poised to benefit from AI and data center growth, reporting strong quarterly results and exceeding revenue expectations. Despite a premium valuation, its strong revenue growth and improving margins make it a compelling investment.

Portfolio Pulse from

January 04, 2025 | 10:00 am

Credo Technology (Nasdaq: CRDO) has seen a significant stock price increase, rising approximately 90% from just over $40 to nearly $76 in the past month.

Portfolio Pulse from

December 16, 2024 | 2:30 pm

Credo Tech is set to benefit from the growing demand for custom data center infrastructure driven by AI workloads. Broadcom's AI revenue growth highlights the potential for companies like Credo, which is seeing accelerating revenue and gross margins.

Portfolio Pulse from

December 15, 2024 | 12:30 pm

Credo Technology Group (CRDO) shares are experiencing upward momentum due to positive revisions in earnings estimates, suggesting potential for further gains.

Portfolio Pulse from

December 09, 2024 | 12:00 pm

The article discusses whether Credo Technology Group Holding Ltd. (CRDO) is a suitable choice for momentum investors, suggesting it could be a top stock pick.

Portfolio Pulse from

December 09, 2024 | 12:00 pm

Credo Technology Group (CRDO) has been upgraded to a Zacks Rank #2 (Buy) due to growing optimism about its earnings prospects.

Portfolio Pulse from

December 09, 2024 | 12:00 pm

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