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CREDO TECHNOLOGY GROUP HOLDING - CRDO STOCK NEWS

Welcome to our dedicated page for CREDO TECHNOLOGY GROUP HOLDING news (Ticker: CRDO), a resource for investors and traders seeking the latest updates and insights on CREDO TECHNOLOGY GROUP HOLDING stock.

Overview of CREDO TECHNOLOGY GROUP HOLDING (CRDO)

CREDO TECHNOLOGY GROUP HOLDING serves a critical role in the data infrastructure sector by delivering high-speed connectivity solutions designed to overcome bandwidth limitations on wired connections. The company leverages advanced SerDes and DSP technologies to create integrated circuits, active electrical cables, and chiplets that power applications in emerging 5G networks, high performance computing, and hyperscale environments. Its products target optical and electrical Ethernet markets, offering solutions for ultra-high data rate applications such as 100G, 200G, 400G, 800G as well as the emerging terabit port markets.

Core Business Areas and Operations

CREDO has established itself as an innovator in providing secure, power-efficient, high-speed connectivity solutions. At its core, the company focuses on designing, developing, and licensing proprietary connectivity solutions that significantly alleviate system bandwidth bottlenecks. The engineering behind its products is built upon specialized Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) architectures, which are critical in enhancing the performance of both optical and electrical Ethernet applications. This technical foundation not only optimizes data flow but also ensures improved power efficiency and enhanced signal reliability.

Market Position and Competitive Landscape

Operating across major global markets including Hong Kong, the United States, Mainland China, Taiwan, and other regions, CREDO is well positioned within the competitive landscape of the data infrastructure industry. Its business model, which rests on pioneering technology development and strategic IP licensing, provides a competitive edge in markets characterized by rapid technological change and increasing data demands. By focusing on both hardware and intellectual property solutions, the company addresses the current and evolving needs of hyperscalers and data centers, ensuring that its solutions remain relevant as network speeds and bandwidth requirements continue to grow.

Technology and Product Innovation

The technological prowess of CREDO is rooted in its continuous innovation and refinement of connectivity solutions. The utilization of proprietary SerDes and DSP technologies allows the company to produce cutting-edge integrated circuits and active electrical cables. These products are essential components in modern data communication systems, facilitating secure and high-speed data transfer while maintaining power and cost efficiency. The company's focus on robust, scalable solutions enables it to meet the increasing bandwidth requirements across various applications including enterprise networks and advanced computing environments.

Strategic Significance in the Data Infrastructure Market

CREDO TECHNOLOGY GROUP HOLDING plays a vital role in the evolution of data infrastructure. By developing solutions that address the escalating demands for fast, secure, and cost-effective connectivity, the company is at the nexus of technological progression in networking and digital communications. Its innovations are particularly significant as global data traffic continues to surge, necessitating more sophisticated and reliable connectivity systems. Data infrastructure, 5G connectivity, and high-speed networking are industry buzzwords that capture the essence of the company’s mission and competitive positioning.

Business Model and Revenue Generation

The business model of CREDO is multifaceted, combining direct sales of innovative hardware with licensing of its intellectual property. This dual-pronged approach allows the company to capitalize on both the development of highly specialized products and the monetization of its technological innovations. By focusing on areas with exponential growth, such as the expansion of high-performance computing and large-scale data centers, the company builds long-term customer relationships and sustains recurring revenue streams through technology licensing agreements.

Integration into Global Technology Ecosystems

With a robust geographic presence, CREDO seamlessly integrates into the global technology supply chain. It collaborates with key players across different regions, ensuring that its solutions are widely adopted in markets where data-driven technologies are rapidly advancing. The company’s emphasis on power efficiency, security, and reliability further enhances its appeal to enterprises, telecom operators, and data center operators who demand state-of-the-art performance coupled with sustainable operational benefits.

Conclusion

In summary, CREDO TECHNOLOGY GROUP HOLDING (symbol: CRDO) is a pivotal entity in the data infrastructure market, driven by its innovative technological platform that addresses the challenges of high-speed connectivity and bandwidth limitations. Through its advanced connectivity solutions, strategic global presence, and multi-dimensional business model, the company not only reinforces established market dynamics but also sets new standards in technological innovation. Its comprehensive approach to overcoming data bottlenecks and enhancing network performance makes it a significant contributor to next-generation connectivity solutions.

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Credo Technology Group Holding Ltd (CRDO) announces the participation of its President and CEO, Bill Brennan, and CFO, Dan Fleming, at the 36th Annual Roth Conference on March 18, 2024. The company will present its secure, high-speed connectivity solutions aimed at improving energy efficiency in the data infrastructure market.
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Credo Technology Group Holding Ltd (Nasdaq: CRDO) reported strong financial results for Q3 FY 2024, with revenue of $53.1 million, a 20% increase quarter over quarter. The company achieved a GAAP gross margin of 61.4% and non-GAAP gross margin of 62.2%. GAAP net income was $0.4 million, while non-GAAP net income reached $6.3 million. Ending cash balance stood at $409.1 million. Credo's President and CEO, Bill Brennan, highlighted the growth driven by high-speed connectivity solutions in the data infrastructure market. The company provided a positive financial outlook for Q4 FY 2024, expecting revenue between $59.0 million and $62.0 million, with improved gross margins and operating expenses.
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Credo Technology Group Holding Ltd (CRDO) to discuss financial results for fiscal Q3 2024 in a conference call on February 27, 2024. Interested parties can register online for the call and access a live webcast.
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Credo Technology Group Holding Ltd (CRDO) will be exhibiting at the Chiplet Summit Conference and Exhibition to discuss its chiplet and intellectual property (IP) solutions, including the recent portfolio expansion of the 112G PAM4 SerDes IP family in the latest process technology. Jeff Twombly, Vice President of Business Development, will participate in a panel discussion on the Best Ways to Optimize Chiplets. The summit provides an excellent platform for Credo to engage with the chiplet ecosystem and showcase its offerings.
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Credo Technology Group Holding Ltd (NASDAQ: CRDO) has expanded its 112G PAM4 SerDes Intellectual Property (IP) family to TSMC’s N3 and N7/N6 process technologies, complementing its available IP in TSMC’s N5 process technology. The company aims to deliver industry-leading performance combined with outstanding energy efficiency across a wide variety of reaches for demanding applications such as AI, machine learning, high-performance compute, switching, security, and optical deployments. The new 112G SerDes IP family is designed to meet the growing data needs of high-speed, data-intensive applications, and is expected to be a key building block for semiconductor companies as they migrate their designs to 800G and 1.6T port rates.
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Credo Technology Group Holding Ltd (Nasdaq: CRDO) announced that Kate Schuelke will join as Chief Legal Officer (CLO) and Corporate Secretary on January 26, 2024. Ms. Schuelke brings over 30 years of legal technology industry experience, most recently serving as CLO of Seagate Technology LLC.
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Credo Technology Group Holding Ltd (CRDO) announced that CEO Bill Brennan and CFO Dan Fleming will present at the 26th Annual Needham Growth Conference on January 18, 2024, in New York City, New York. The presentation will be webcast live on Credo’s IR website and the replay will be available shortly after the event.
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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.
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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.
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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.
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FAQ

What is the current stock price of CREDO TECHNOLOGY GROUP HOLDING (CRDO)?

The current stock price of CREDO TECHNOLOGY GROUP HOLDING (CRDO) is $37.02 as of April 22, 2025.

What is the market cap of CREDO TECHNOLOGY GROUP HOLDING (CRDO)?

The market cap of CREDO TECHNOLOGY GROUP HOLDING (CRDO) is approximately 6.7B.

What is the core focus of CREDO TECHNOLOGY GROUP HOLDING?

CREDO focuses on delivering high-speed connectivity solutions that address bandwidth constraints in wired connections for data infrastructure applications.

Which technologies underpin CREDO's product offerings?

The company leverages proprietary Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies to develop its connectivity solutions.

How does CREDO generate revenue?

CREDO employs a multifaceted business model that includes direct sales of high-speed connectivity hardware and licensing of its intellectual property.

What market segments serve as the primary audience for its products?

CREDO serves multiple sectors including 5G networks, high performance computing, data centers, and hyperscale markets where advanced connectivity is critical.

How is CREDO positioned within the competitive data infrastructure market?

The company is strategically positioned due to its innovative technology, global presence, and a balanced approach combining hardware sales and IP licensing, making it a noteworthy player in the industry.

What types of products does CREDO offer?

CREDO offers a range of products including integrated circuits, active electrical cables, and chiplets designed for both optical and electrical Ethernet applications.

How does CREDO address the challenges of increasing data rates?

By utilizing advanced SerDes and DSP technologies, CREDO creates solutions that enhance connectivity, improve power efficiency, and alleviate system bandwidth bottlenecks.

What differentiates CREDO's connectivity solutions from competitors?

CREDO's differentiation lies in its focus on innovative technology, robust engineering standards, and its dual focus on both hardware innovation and lucrative IP licensing agreements.
CREDO TECHNOLOGY GROUP HOLDING

Nasdaq:CRDO

CRDO Rankings

CRDO Stock Data

6.65B
144.17M
15.15%
76.03%
5.19%
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