CRDO Stock Recent News

Credo Technology won an upgrade to buy from a TD Cowen analyst, who cited an expected jump in revenue. Credo stock has advanced 40% in 2024 amid rising expectations.

Analysts predict 62% revenue growth for Credo in fiscal 2025, up from 5% this year, as AI servers drive demand for active electrical cables.

Credo Technology Group Holding Ltd (NASDAQ:CRDO ) Q4 2024 Earnings Conference Call May 29, 2024 5:00 PM ET Company Participants Dan O'Neil - VP-Corporate Development & IR Bill Brennan - CEO Dan Fleming - CFO Conference Call Participants Quinn Bolton - Needham Tore Svanberg - Stifel Thomas O'Malley - Barclays Vijay Rakesh - Mizuho Richard Shannon - Craig-Hallum Karl Ackerman - BNP Paribas Suji Desilva - ROTH Operator Ladies and gentlemen, thank you for standing by. At this time, all participants are in a listen-only mode.

Credo Technology Group Holding Ltd. (CRDO) came out with quarterly earnings of $0.07 per share, beating the Zacks Consensus Estimate of $0.05 per share.

SAN JOSE, Calif., May 29, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Nasdaq: CRDO) (“Credo”), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency, today reported financial results for the fourth quarter and full fiscal year 2024, ended April 27, 2024.

SAN JOSE, Calif., May 08, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Credo) (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency, today announced it will hold a conference call on Wednesday, May 29, 2024, at 2:00 p.m. Pacific Time to discuss its financial results for the fourth quarter and fiscal year ended April 27, 2024.

Buy rating for Credo Technology stock due to accelerating growth and customer diversification. Strong product revenue growth and margin improvements in recent results. Gaining traction with new hyperscale customers and being well-positioned for future demand in high-speed data center connectivity.

Credo Technology provides high-speed connectivity solutions including integrated circuits, Active Electrical Cables, and Serializer and Deserializer Chiplets. Despite volatility in 2023, CRDO has had a strong rebound with a 126% return in the past year. The company is benefitting from the growing demand for high-performance computing in data centers, particularly from US hyperscalers like Microsoft.

SAN JOSE, Calif., March 04, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced that Bill Brennan, President and CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference.

Credo Technology Group Holding Ltd. (CRDO) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share.