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

78.89

Mkt cap

13B

Volume

2.2M

High

80.22

P/E Ratio

-551.25

52-wk high

86.69

Low

76.50

Div yield

N/A

52-wk low

16.82

Credo Technology is experiencing significant growth due to increased demand for AI-driven data centers. The company's Q2 revenue increased by 21% quarter-over-quarter and 64% year-over-year, indicating strong market adoption of its high-speed connectivity products. With profitability, healthy gross margins, and low debt, Credo is well-positioned to invest in R&D and scale its operations.

Portfolio Pulse from

February 09, 2025 | 5:00 am

Credo Technology Group Holding Ltd's smart copper cables are gaining traction due to the AI-driven data center expansion, leading to increased sales and stock price. Despite high valuation, market demand and momentum could continue to drive CRDO stock higher.

Portfolio Pulse from

February 07, 2025 | 11:00 pm

Credo Technology Group Holding Ltd (CRDO) reported a 64% YoY revenue growth in its fiscal Q2 FY2025, reaching $72 million. The company specializes in high-speed connectivity solutions and has shown strong performance across its main product lines. If growth continues, the stock price could exceed $100.

Portfolio Pulse from

February 07, 2025 | 9:30 pm

Credo Technology Group (CRDO) is experiencing growth due to its innovative portfolio and AI connectivity advancements. However, it faces competitive pressures and evolving challenges, which may impact its stock performance.

Portfolio Pulse from

February 06, 2025 | 5:45 pm

Credo Technology's products, including AECs and optical DSPs, are gaining traction due to their advantages over traditional optics. The company's margins are expected to expand, driving EPS growth, and it has a large total addressable market (TAM) potential.

Portfolio Pulse from

January 26, 2025 | 2:30 pm

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

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