STOCK TITAN

Credo Technology Group Holding Ltd Ordinary Shares - CRDO STOCK NEWS

Welcome to our dedicated page for Credo Technology Group Holding Ordinary Shares news (Ticker: CRDO), a resource for investors and traders seeking the latest updates and insights on Credo Technology Group Holding Ordinary Shares stock.

Credo Technology Group Holding Ltd (Nasdaq: CRDO) is a key player in the data infrastructure market, specializing in providing high-speed connectivity solutions that address the ever-increasing bandwidth requirements. The company's innovative products enhance power and cost efficiency, making significant strides in breaking bandwidth barriers across every wired connection.

Headquartered in San Jose, Calif., Credo focuses on delivering secure and high-speed connectivity solutions optimized for optical and electrical Ethernet applications. Its offerings cater to markets like 100G, 200G, 400G, 800G, and the emerging 1.6T ports. The company's product portfolio includes Integrated Circuits (ICs) for optical and line card markets, Active Electrical Cables (AECs), and SerDes Chiplets, all based on proprietary Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies.

Credo's mission is to resolve system bandwidth bottlenecks while improving power efficiency, security, and reliability. This mission is underscored by the company's recent achievements and current projects, consistently pushing the envelope in the data infrastructure market.

Recent news highlights Credo's ongoing commitment to transparency and stakeholder engagement. On February 12, 2024, Credo announced a conference call to discuss its fiscal third-quarter financial results on February 27, 2024. This follows the release of their third-quarter fiscal year 2024 financial results after the market closes on the same day. Interested parties are encouraged to join the call via an online registration. A replay will be available on Credo’s Investor Relations website.

Moreover, the announcement for the fourth quarter and fiscal year 2024 financial results is slated for dissemination on May 29, 2024. This event will also include a detailed conference call, inviting stakeholders to gain insights into Credo's financial performance and future outlook.

Credo stands out with its robust portfolio of IP solutions, primarily centered around SerDes IP licensing. The company's innovations are pivotal in easing system bandwidth constraints, supporting the exponential growth in data rates and bandwidth requirements in today's digital world.

For the latest updates and detailed information, Credo encourages stakeholders to visit their official website and follow the company on LinkedIn.

Rhea-AI Summary
Credo Technology Group Holding Ltd (Nasdaq: CRDO) announced the pricing of an underwritten public offering of 10,000,000 of its ordinary shares at $17.50 per share, expecting gross proceeds of $156.5 million. The offering is scheduled to close on December 8, 2023. The underwriters also have a 30-day option to purchase up to an additional 1,500,000 ordinary shares from Credo. Goldman Sachs & Co. LLC is acting as lead book-running manager for the offering, with Barclays, Needham & Company, Stifel, and Mizuho as book-running managers, and Craig-Hallum and Roth Capital Partners as co-managers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.67%
Tags
-
Rhea-AI Summary
Credo Technology Group Holding Ltd (Nasdaq: CRDO) has announced the commencement of an underwritten public offering of 10,000,000 of its ordinary shares, with 8,940,000 shares offered by Credo and 1,060,000 shares offered by selling shareholders. The company's ordinary shares are listed on the Nasdaq Global Select Market under the ticker symbol 'CRDO'. Credo intends to grant the underwriters a 30-day option to purchase up to an additional 1,500,000 ordinary shares. Goldman Sachs & Co. LLC is acting as the book-running manager for the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.67%
Tags
-
Rhea-AI Summary
Credo Technology Group Holding Ltd (NASDAQ: CRDO) announced that CEO Bill Brennan and CFO Dan Fleming will present at the Barclays Global Technology Conference on December 6, 2023, in San Francisco, California.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.96%
Tags
conferences
Rhea-AI Summary
Credo Technology Group Holding Ltd (NASDAQ: CRDO) announced the availability of the Dove 850 800G Digital Signal Processor (DSP) IC, optimized for Linear Receive Optics (LRO) or Half-retimed Linear Optics (HALO). The Dove 850 reduces DSP power by up to 50%, optimizes cost, and enables robust system performance, addressing the need for energy efficiency in high-speed optical transceivers and Active Optical Cables (AOCs).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.96%
Tags
AI
-
Rhea-AI Summary
Credo Technology Group Holding Ltd (Nasdaq: CRDO) reported financial results for the second quarter of fiscal year 2024. Revenue grew by 25% quarter over quarter to $44.0 million. GAAP gross margin was 59.3%, with a net loss of $6.6 million. Non-GAAP gross margin was 59.9% with a net income of $1.2 million. The company's ending cash, cash equivalents, and short-term investment balance was $240.5 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.96%
Tags
-
Rhea-AI Summary
Credo Technology Group Holding Ltd (CRDO) Releases 2023 ESG Report
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.14%
Tags
none
Rhea-AI Summary
Credo Technology Group Holding Ltd (Nasdaq: CRDO) announced a conference call on November 29, 2023, at 1:30 p.m. Pacific Time to discuss its financial results for the fiscal second quarter. Interested parties can join the call by registering online. A live webcast will also be available on Credo’s Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.05%
Tags
-
Rhea-AI Summary
Credo Technology Group Holding Ltd announces the sample availability of its HiWire Pluggable Patch Panel (HiWire P3), which allows service providers and hyperscalers to decouple pluggable optics from core switching and routing hardware. The HiWire P3 provides power, cooling, and control plane access, enabling the use of coherent optics on lower-cost and smaller buffer switches, decoupling switch and router port speeds from optics speed, and hosting EDFA amplifiers at lower cost and power overhead.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.03%
Tags
none
-
Rhea-AI Summary
Credo Technology Group Holding Ltd to participate in the upcoming OCP Global Summit
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.03%
Tags
AI
Rhea-AI Summary
Credo Technology Group Holding Ltd joins HiWire Consortium to standardize CXL Active Electrical Cables & Optics
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.54%
Tags
none

FAQ

What is the current stock price of Credo Technology Group Holding Ordinary Shares (CRDO)?

The current stock price of Credo Technology Group Holding Ordinary Shares (CRDO) is $40.07 as of November 4, 2024.

What is the market cap of Credo Technology Group Holding Ordinary Shares (CRDO)?

The market cap of Credo Technology Group Holding Ordinary Shares (CRDO) is approximately 6.7B.

What does Credo Technology Group Holding Ltd specialize in?

Credo specializes in providing high-speed connectivity solutions optimized for optical and electrical Ethernet applications.

What are Credo's core technologies?

Credo's core technologies include proprietary Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies.

When is Credo's next financial results announcement?

Credo will announce its fiscal third-quarter financial results on February 27, 2024, and its fourth-quarter and fiscal year 2024 financial results on May 29, 2024.

How can I join Credo's financial results conference call?

Interested parties can register online for the conference calls via the links provided on Credo’s Investor Relations website.

What market segments does Credo's product portfolio cater to?

Credo's product portfolio caters to markets including 100G, 200G, 400G, 800G, and the emerging 1.6T ports.

What are some of Credo's recent achievements?

Credo has made significant strides in improving power efficiency and breaking bandwidth barriers in high-speed connectivity solutions.

Where is Credo Technology Group Holding Ltd headquartered?

Credo is headquartered in San Jose, California.

What products does Credo offer?

Credo offers Integrated Circuits (ICs), Active Electrical Cables (AECs), and SerDes Chiplets.

What is Credo's mission?

Credo's mission is to deliver high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market.

Where can I find more information about Credo's latest updates?

For more information and the latest updates, visit Credo's official website and follow them on LinkedIn.

Credo Technology Group Holding Ltd Ordinary Shares

Nasdaq:CRDO

CRDO Rankings

CRDO Stock Data

6.65B
166.06M
16.07%
76.97%
4.18%
Semiconductors
Semiconductors & Related Devices
Link
United States of America
GRAND CAYMAN