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.
Credo (NASDAQ:CRDO) and EFFECT Photonics have announced a collaboration to develop coherent Digital Signal Processor (DSP) integrated circuits. These DSPs aim to meet the rising demands for bandwidth and connectivity by offering high-performance capabilities with low power consumption.
The initial products are targeted at 100G ZR and 100G ZR+ applications, enhancing network reach beyond 80km. The partnership leverages EFFECT's DSP technology and Credo's advanced connectivity solutions, aiming for cost-efficient production and energy efficiency, crucial for service providers and telecom operators.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) invites attendees to visit its booth 3947 at the OFC conference in San Diego from March 7-9. The company will showcase various demonstrations, including the Dove 800G Digital Signal Processor capable of supporting enhanced performance in hyperscaler environments, and the 800G Active Electrical Cable. Invitation-only appointments will highlight a 200G per lambda demo in collaboration with NewPhotonics, as well as a suite of Dove 800 optical DSP demos. Credo focuses on high-speed connectivity solutions to address bandwidth demands across data infrastructure.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) reported its third-quarter fiscal results for 2023, showcasing a 6% quarter-over-quarter revenue growth to $54.3 million, with a remarkable 71% year-over-year increase. The company achieved a GAAP gross margin of 58.9% and a non-GAAP net income of $7.5 million. However, the company anticipates a revenue decline in Q4, projecting earnings between $30.0 million and $32.0 million. Management highlighted the focus on expanding their solution portfolio to cater to the growing demand for high-speed connectivity.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) announced that CEO Bill Brennan and CFO Dan Fleming will present at the 35th Annual Roth Conference on March 13, 2023, at 12:30 p.m. PT in Dana Point, California. The presentation will focus on the company’s innovative solutions providing high-speed connectivity while improving power and cost efficiency in the data infrastructure market. It will also be webcast live on Credo’s IR website, with a replay available afterward.
Credo aims to overcome bandwidth barriers and offers optimized connectivity solutions for various Ethernet applications, including 100G to 800G port markets.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) announces a conference call on March 1, 2023, at 2:00 p.m. Pacific Time to discuss financial results for the fiscal third quarter ended January 28, 2023. The related news release will be issued after market close on the same date. Interested parties can register online for the call, with a live webcast available on Credo’s Investor Relations website.
Credo aims to enhance data infrastructure with secure, high-speed connectivity solutions, focusing on improved power and cost efficiency. Its product offerings include advanced integrated circuits and technologies optimized for Ethernet applications.
Credo Technology Group (NASDAQ: CRDO) announced that CEO Bill Brennan and CFO Dan Fleming will present at the 25th Annual Needham Growth Conference on January 11, 2023, at 3:00 p.m. ET in New York City. The presentation will cover innovations in secure, high-speed connectivity solutions aimed at enhancing power and cost efficiency as data demands grow. Interested parties can access the webcast on Credo’s investor relations website, with a replay available post-event.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) will present at the Barclays 2022 Global Technology, Media & Telecommunications Conference on December 8, 2022, at 10:25 a.m. PT in San Francisco, California. CEO Bill Brennan and CFO Dan Fleming will represent the company. The presentation will be available via a webcast on Credo’s investor relations website, with a replay accessible shortly after the event. Credo focuses on high-speed connectivity solutions to meet evolving data infrastructure demands, optimizing power and cost efficiency for emerging bandwidth markets.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) reported strong Q2 FY23 results, with revenue of $51.4 million, reflecting an 11% quarter-over-quarter growth and a 94% increase year-over-year. The company achieved a GAAP gross margin of 54.4% and a non-GAAP net income of $2.4 million. Looking ahead, management expects Q3 revenue between $54.0 million and $56.0 million, representing a 73% year-over-year increase at the midpoint. Full-year revenue guidance is set to exceed $200 million, signaling continued strong market demand.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) announced a conference call on November 30, 2022, at 2:00 p.m. PT to discuss its fiscal second quarter results ending October 29, 2022. The financial results will be released after market close on the same day. Interested parties are encouraged to register online to participate. Credo continues to focus on delivering high-speed connectivity solutions, enhancing bandwidth efficiency, and addressing the rising demands in the data infrastructure market.
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