S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
US Navy helicopters fire at Yemen's Houthi rebels and kill several in latest Red Sea shipping attack
New Year's Sale: Get MarketBeat All Access Free For 30 Days (Ad)
A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
Chief Justice Roberts casts a wary eye on the uses of artificial intelligence in the federal courts
New Year's Sale: Get MarketBeat All Access Free For 30 Days (Ad)
S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
US Navy helicopters fire at Yemen's Houthi rebels and kill several in latest Red Sea shipping attack
New Year's Sale: Get MarketBeat All Access Free For 30 Days (Ad)
A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
Chief Justice Roberts casts a wary eye on the uses of artificial intelligence in the federal courts
New Year's Sale: Get MarketBeat All Access Free For 30 Days (Ad)
S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
US Navy helicopters fire at Yemen's Houthi rebels and kill several in latest Red Sea shipping attack
New Year's Sale: Get MarketBeat All Access Free For 30 Days (Ad)
A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
Chief Justice Roberts casts a wary eye on the uses of artificial intelligence in the federal courts
New Year's Sale: Get MarketBeat All Access Free For 30 Days (Ad)
S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
US Navy helicopters fire at Yemen's Houthi rebels and kill several in latest Red Sea shipping attack
New Year's Sale: Get MarketBeat All Access Free For 30 Days (Ad)
A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
Chief Justice Roberts casts a wary eye on the uses of artificial intelligence in the federal courts
New Year's Sale: Get MarketBeat All Access Free For 30 Days (Ad)
NASDAQ:CRDO

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

$19.47
-0.41 (-2.06%)
(As of 12/29/2023 ET)
Today's Range
$19.35
$19.87
50-Day Range
$13.60
$19.88
52-Week Range
$7.20
$20.77
Volume
1.53 million shs
Average Volume
2.42 million shs
Market Capitalization
$2.93 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$17.92

Credo Technology Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
8.0% Downside
$17.92 Price Target
Short Interest
Healthy
7.38% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.18mentions of Credo Technology Group in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$28.13 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.12) to $0.14 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.86 out of 5 stars

Business Services Sector

214th out of 306 stocks

Semiconductors & Related Devices Industry

62nd out of 83 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

New Year's Sale: Get MarketBeat All Access Free For 30 Days
Access our premier research platform that includes MarketBeat Daily Premium, portfolio monitoring tools, stock screeners, research tools, a real-time news feed, email and SMS alerts, the MarketBeat Idea Engine, proprietary brokerage rankings, extended data export tools and much more. Click the link to claim your $300.00 account credit and free 30-day subscription
New Year's Sale: Get MarketBeat All Access Free For 30 Days
Access our premier research platform that includes MarketBeat Daily Premium, portfolio monitoring tools, stock screeners, research tools, a real-time news feed, email and SMS alerts, the MarketBeat Idea Engine, proprietary brokerage rankings, extended data export tools and much more. Click the link to claim your $300.00 account credit and free 30-day subscription
Credo announces pricing of public offering
Credo announces launch of public offering
Credo to Present at Barclays Global Technology Conference
Here's what to expect from Credo Technology Group's earnings
See More Headlines
Receive CRDO Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Credo Technology Group and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
11/29/2023
Today
12/31/2023
Next Earnings (Estimated)
3/06/2024
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
$17.92
High Stock Price Target
$24.00
Low Stock Price Target
$11.00
Potential Upside/Downside
-8.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

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

Debt

Sales & Book Value

Annual Sales
$184.19 million
Book Value
$2.32 per share

Miscellaneous

Free Float
114,667,000
Market Cap
$2.93 billion
Optionable
Not Optionable
Beta
2.09
13 Stocks Institutional Investors Won't Stop Buying Cover

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report














CRDO Stock Analysis - Frequently Asked Questions

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

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Credo Technology Group in the last year. There are currently 1 sell rating, 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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?

12 brokerages have issued 1-year target prices for Credo Technology Group's stock. Their CRDO share price targets range from $11.00 to $24.00. On average, they predict the company's share price to reach $17.92 in the next year. This suggests that the stock has a possible downside of 8.0%.
View analysts price targets for CRDO
or view top-rated stocks among Wall Street analysts.

How have CRDO shares performed in 2023?

Credo Technology Group's stock was trading at $13.31 at the beginning of 2023. Since then, CRDO shares have increased by 46.3% and is now trading at $19.47.
View the best growth stocks for 2023 here
.

When is Credo Technology Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
View our CRDO earnings forecast
.

How were Credo Technology Group's earnings last quarter?

Credo Technology Group Holding Ltd (NASDAQ:CRDO) issued its quarterly earnings results on Wednesday, November, 29th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.05. The company had revenue of $44.04 million for the quarter, compared to analyst estimates of $42.66 million. Credo Technology Group had a negative trailing twelve-month return on equity of 7.98% and a negative net margin of 19.00%. The firm's quarterly revenue was down 14.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 EPS.

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 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 initial public offering on Thursday, January 27th 2022. The company issued 20,000,000 shares at $10.00-$12.00 per share.

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 12/31/2023 by MarketBeat.com Staff

My Account -