Streetbeat News

CRDO

Credo Technology Group Holding Ltd

https://credosemi.com

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

44.45

Mkt cap

7.7B

Volume

3.1M

High

47.53

P/E Ratio

-289.25

52-wk high

48.94

Low

44.45

Div yield

N/A

52-wk low

16.82

Stifel maintains its Buy rating for Credo Technology Group (NASDAQ:CRDO) and raises its price target from $14.00 to $17.00. Shares of CRDO are trading up 18.89% over the last 24 hours, at $15.96 per share.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 5:01 pm

Credo Technology Group reported better-than-expected Q4 revenue results and issued Q1 revenue guidance above estimates, leading to multiple analysts raising their price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 4:54 pm

Stifel analyst Tore Svanberg maintains a Buy rating on Credo Technology Group (NASDAQ:CRDO) and raises the price target from $14 to $17.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 1:22 pm

Roth MKM analyst Suji Desilva maintains a Buy rating on Credo Technology Group (NASDAQ:CRDO) and raises the price target from $14 to $18.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 1:11 pm

Needham analyst Quinn Bolton reiterates a Buy rating on Credo Technology Group (NASDAQ:CRDO) and raises the price target from $15 to $17.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 11:26 am

Mizuho analyst Vijay Rakesh maintains a Buy rating on Credo Technology Group (NASDAQ:CRDO) and raises the price target from $16 to $18.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 10:53 am

Credo Technology expects Q1 revenue to be between $33M-$35M, surpassing the estimated $31.44M.

Portfolio Pulse from Bill Haddad

May 31, 2023 | 8:21 pm

Credo Technology Group reported Q4 losses of $(0.04) per share, in line with analyst estimates, and sales of $32.10M, beating the $31.19M estimate. This represents a 300% decrease in earnings and a 14.46% decrease in sales compared to the same period last year.

Portfolio Pulse from Bill Haddad

May 31, 2023 | 8:20 pm

Credo Technology Group (NASDAQ:CRDO) is set to release its latest quarterly earnings report on May 31, 2023. Analysts estimate an EPS of $-0.04. The company's past performance shows mixed results in terms of EPS and price change. Shares are currently trading at $13.72 and have risen 33.07% over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

May 30, 2023 | 3:08 pm

US stocks traded higher on Friday, with the Dow Jones gaining over 300 points. Several big stocks recorded gains, including MediaAlpha, Marvell Technology, Arcus Biosciences, iTeos Therapeutics, PDD Holdings, PDS Biotechnology, Structure Therapeutics, Credo Technology Group, Geron Corporation, The Gap, Coherent Corp., MicroVision, Workday, Celestica, Lumentum Holdings, Fabrinet, Gol Linhas Aéreas Inteligentes, American Woodmark Corporation, Ford Motor Company, Modine Manufacturing, and Booz Allen Hamilton.

Portfolio Pulse from Lisa Levin

May 26, 2023 | 2:52 pm

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