Credo Technology Group
CRDO
Market cap $6.18B

37.24 USD

+2.07

5.89%

At close Oct 10, 4:00 PM EDT

Pre-market

37.10

-0.14

0.38%

1 day

5.89%

5 days

17.07%

1 month

49.56%

3 months

19.32%

6 months

75.66%

Year to date

102.61%

1 year

130.02%

5 years

219.66%

About: Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. It has a geographic presence in Hong Kong, the United States, Mainland China, Taiwan, and the Rest of the World.

Employees: 500

Information Technology Semiconductors & Related Devices

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 10 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

500% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 6 (+5) [Q2]

186% more call options, than puts

Call options by funds: $63.8M | Put options by funds: $22.3M

124% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 29

49% more capital invested

Capital invested by funds: $2.57B [Q1] → $3.82B (+$1.25B) [Q2]

17% more funds holding

Funds holding: 212 [Q1] → 248 (+36) [Q2]

1.82% less ownership

Funds ownership: 74.22% [Q1] → 72.4% (-1.82%) [Q2]

11% less repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 90

See Fund Rankings

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$27

27%

downside

Avg. target

$35

5%

downside

High target

$42

13%

upside

10 analyst ratings

9 positive

90%

0 neutral

0%

1 negative

10%

Stifel Tore Svanberg 53% 1-year accuracy 24 / 45 met price target	13%upside $42	Buy Maintained	9 Oct 2024
Goldman Sachs Toshiya Hari 67% 1-year accuracy 33 / 49 met price target	17%downside $31	Buy Maintained	6 Sept 2024
Craig-Hallum Richard Shannon 55% 1-year accuracy 16 / 29 met price target	2%upside $38	Buy Maintained	5 Sept 2024
B of A Securities Vivek Arya 58% 1-year accuracy 30 / 52 met price target	28%downside $27	Underperform Maintained	5 Sept 2024
Roth MKM Suji Desilva 58% 1-year accuracy 22 / 38 met price target	6%downside $35	Buy Maintained	5 Sept 2024

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about CRDO published over the past 30 days

Credo Introduces 800G HiWire ZeroFlap AECs to Support AI Backend Networks

SAN JOSE, Calif.--(BUSINESS WIRE)--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, is excited to announce the new 800G ZeroFlap (ZF) family of HiWire Active Electrical Cables (AECs) reaching lengths of 7 m. These high-performance HiWire ZF AECs are designed to deliver high.

Credo Introduces 800G HiWire ZeroFlap AECs to Support AI Backend Networks

24/7 Wall Street

We're Betting $500,000 These 5 AI Stocks Dominate the Next Decade

24/7 Wall St. recently launched an AI portfolio where we're publicly investing $500,000 in a portfolio of leading stocks in the AI space.

We're Betting $500,000 These 5 AI Stocks Dominate the Next Decade

12 Stocks To Profit From The Boom In Data Centers And Artificial Intelligence

Amazon recently announced that it will invest several billions more in UK-based data centers. In the AI server space, Dell Technologies and Super Micro have also benefited from the data center boom, up 71% and 82%, respectively, in the past 12 months. Bitcoin miners are increasingly pivoting to artificial intelligence data center operations, leveraging their existing infrastructure and expertise to capitalize on the growing demand for AI computing.

12 Stocks To Profit From The Boom In Data Centers And Artificial Intelligence

24/7 Wall Street

The AI Data Center Boom Is On – And This Small Cap Stock Is Set to Benefit

In the video clip below from a recent episode of The AI Investor Podcast from 24/7 Wall St.

The AI Data Center Boom Is On – And This Small Cap Stock Is Set to Benefit

Credo Technology: Share Price Sell-Off Presents An Attractive Entry Point

I maintain a buy rating on Credo Technology Group. CRDO reported robust 1Q25 earnings, with a 70% y/y revenue increase and significant margin improvements. The long-term growth outlook remains strong, driven by increasing demand for faster data transmission and CRDO's dominant market position in active electrical cables.

Credo Technology: Share Price Sell-Off Presents An Attractive Entry Point

Verint Reports Downbeat Results, Joins C3.ai, Credo Technology And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

U.S. stock futures were mixed this morning, with the Nasdaq futures dipping around 50 points on Thursday.

Verint Reports Downbeat Results, Joins C3.ai, Credo Technology And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Credo Technology Group Holding Ltd (CRDO) Q1 2025 Earnings Call Transcript

Credo Technology Group Holding Ltd (NASDAQ:CRDO ) Q1 2025 Earnings Conference Call September 4, 2024 5:00 PM ET Company Participants Dan O'Neil - Vice President, Corporate Development and Investor Relations Bill Brennan - President and Chief Executive Officer Dan Fleming - Chief Financial Officer Conference Call Participants Toshiya Hari - Goldman Sachs Tore Svanberg - Stifel Suji Desilva - ROTH Capital Sean O'Loughlin - TD Cowen Karl Ackerman - BNP Paribas Thomas O'Malley - Barclays Quinn Bolton - Needham Richard Shannon - Craig-Hallum 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) Q1 2025 Earnings Call Transcript

Zacks Investment Research

Credo Technology Group Holding Ltd. (CRDO) Meets Q1 Earnings Estimates

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

Credo Technology Group Holding Ltd. (CRDO) Meets Q1 Earnings Estimates

Credo Technology Group to Showcase Optical Solutions at CIOE 2024

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Technology Group to Showcase Optical Solutions at CIOE 2024.

Credo Technology Group to Showcase Optical Solutions at CIOE 2024

Credo Technology Group Appoints Jim Laufman as New Chief Legal Officer

SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Technology Group Holding Ltd (CRDO) today announced that Jim Laufman has been appointed Chief Legal Officer (CLO) and Corporate Secretary.

Credo Technology Group Appoints Jim Laufman as New Chief Legal Officer

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