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Credo Technology Group Holding Ltd - 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.

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.

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Credo Technology Group Holding (NASDAQ: CRDO) announced that its President and CEO, Bill Brennan, along with CFO, Dan Fleming, will present at the 2024 Mizuho Technology Conference. The presentation is scheduled for Wednesday, June 12, 2024, at 1:15 p.m. ET in New York City.

The event will be webcast live on Credo’s investor relations website, with a replay available soon after the event.

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Credo Technology Group Holding (Nasdaq: CRDO) announced its Q4 and full fiscal year 2024 financial results. The company reported a significant revenue growth of 89.4% year over year, reaching $60.8 million for Q4. GAAP gross margin was 65.8%, and non-GAAP gross margin was 66.1%. GAAP operating expenses stood at $47.8 million, while non-GAAP operating expenses were $32.7 million. Q4 saw a GAAP net loss of $10.5 million, but a non-GAAP net income of $11.8 million. GAAP diluted net loss per share was $0.06 and non-GAAP diluted net income per share was $0.07. The company closed the fiscal year with a cash and short-term investment balance of $410 million. Looking ahead, Credo expects Q1 FY 2025 revenue to be between $58 million and $61 million, with GAAP gross margin between 62.3% and 64.3% and non-GAAP gross margin between 63.0% and 65.0%.

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Credo Technology Group Holding (NASDAQ: CRDO) will present at the Stifel 2024 Cross Sector Insight Conference on June 5, 2024, at 11:30 a.m. ET in Boston, MA. Bill Brennan, President and CEO, along with CFO Dan Fleming will represent the company. The presentation will be webcast live and available for replay on Credo's investor relations website. Credo focuses on providing secure, high-speed connectivity solutions with improved energy efficiency.

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Credo Technology Group Holding (Nasdaq: CRDO) will hold a conference call on May 29, 2024, to discuss its financial results for the fourth quarter and fiscal year ended April 27, 2024. Interested parties can join the call online or via webcast.

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Credo Technology Group Holding (CRDO) is set to showcase its latest SerDes IP and Chiplet technology at three upcoming Taiwan Semiconductor Manufacturing Company (TSMC) Symposium events in 2024. The solutions are designed to address the demands of next-generation applications like AI, Machine Learning, high-performance computing, and data center networking. Credo's innovative connectivity solutions aim to deliver improved energy efficiency in the data infrastructure market.
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Credo Technology Group Holding announces the appointment of industry veteran Clyde Hosein to the board of directors. The company focuses on secure, high-speed connectivity solutions for data infrastructure markets, emphasizing power efficiency. Clyde Hosein's financial expertise is expected to drive strategic growth and financial stewardship.
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Credo Technology Group Holding (NASDAQ: CRDO) announces a joint demonstration of Linear Receive Optics (LRO) with the 51.2Tb/s Wistron DS-6183-64O 64-port 800GbE switch at OFC 2024. The LRO technology aims to enhance energy efficiency in data centers, catering to the increasing demands of AI networks with lower carbon footprint.
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Credo Technology Group Holding (CRDO) and Applied Optoelectronics, Inc (AAOI) announced the launch of two new multimode designs, a 400G QSFP-DD, and an 800G OSFP, aimed at reducing the carbon footprint of AI and Ethernet networks. The designs feature industry-leading performance, lower power consumption, and are showcased at the 2024 Optical Fiber Communications Conference and Exhibition.
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Credo Technology Group Holding (Nasdaq: CRDO) announced that its President and CEO, Bill Brennan, will participate in the CEO Panel at the Optica Executive Forum during the 2024 Optical Fiber Conference. The event aims to provide insights from CEOs in the optical communication market on managing change and uncertainty.
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Credo Technology Group Holding (CRDO) will showcase its latest optical solutions at the Optical Fiber Communications (OFC) Conference, featuring innovative high-speed connectivity solutions for energy efficiency. The company will demonstrate a wide range of optical connectivity options and products, including 400G and 800G AEC and optical interconnectivity options, at booth 3601 in the San Diego Convention Center from March 26-28.
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FAQ

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

Nasdaq:CRDO

CRDO Rankings

CRDO Stock Data

4.87B
165.19M
20.77%
76.68%
5.48%
Semiconductor and Related Device Manufacturing
Manufacturing
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United States of America
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