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 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.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) has introduced its new 1.6Tb OSFP-XD HiWire Active Electrical Cable (AEC), designed for hyperscale data centers. The AEC features a compact design, supports lengths up to 2.75m, and operates with less than 20W power consumption. This product will debut at the OCP Summit from October 18-20, 2022. The development, resulting from 18 months of industry collaboration, positions Credo as a leader in AEC technology, essential for supporting increasing server speeds and cloud deployments.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) is set to showcase its innovative Active Electrical Cables and other optical solutions at the 2022 OCP Global Summit in San Jose, California. Key presentations include discussions on breaking bandwidth barriers and future optical technologies. Credo aims to deliver efficient high-speed connectivity solutions, with products designed for increasing data rates across the data infrastructure market. Their portfolio includes integrated circuits and proprietary technologies optimized for emerging bandwidth requirements.
Credo has introduced the Screaming Eagle 112G LR DSP device, offering 1.6 Tbps of retiming capacity. This device supports multiple port speeds including 800G, 400G, 100G, and 10G, targeting the growing data demands of hyperscalers, enterprises, 5G carriers, and service providers.
Additionally, it features a programmable medium reach mode for power efficiency and is the smallest form factor for line card applications.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) has launched two new optical DSPs, the Seagull 52 and Seagull 202, aimed at hyperscale and 5G applications. These devices offer high performance, low power consumption, and integrated DML drivers, addressing the increasing demands for bandwidth in data centers and optical transport networks. The Seagull 52 can function as a bitmux or retimer, while the Seagull 202 is designed as a full duplex product for high-density environments. Samples are available immediately for interested customers.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) announced a partnership with Keysight, which has selected Credo's retimer/gearbox devices for their 800GE network device testing solutions. This collaboration enhances test capabilities for Ethernet protocols and supports high-performance SERDES with 112 Gb/s electrical lanes. Keysight aims to offer comprehensive test solutions to advance 800GE infrastructure and ensure interoperability among devices. The partnership reflects an alignment with growing market demands for efficient and high-density testing in data centers.
Credo Technology Group Holding Ltd (NASDAQ: CRDO) will present at the Goldman Sachs 2022 Communacopia + Technology Conference on September 14, 2022, at 3:45 p.m. PT in San Francisco, California. CEO Bill Brennan and CFO Dan Fleming will share insights on the company's innovations in secure, high-speed connectivity solutions, aimed at enhancing power and cost efficiency in data infrastructure. The event will be webcast live, and the replay will be available on the investor relations website.
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