CREDO TECHNOLOGY GROUP HOLDING Stock Price, News & Analysis

Credo Technology Group Holding Ltd (NASDAQ: CRDO) has scheduled a conference call on August 31, 2022, at 2:00 p.m. Pacific Time to discuss its financial results for Q1 of fiscal year 2023, which ended on July 30, 2022. The results will be released after market close on the same day. Participants can register online to join the conference call, where a live webcast will also be available on Credo's Investor Relations website.

Credo Technology Group Holding Ltd (NASDAQ: CRDO) announced the launch of its Ostrich 40G PAM3 SerDes IP, designed to enhance connectivity by increasing speeds from 20G to 40G. This silicon-proven platform supports a range of applications, including consumer devices and automotive markets, addressing the rising demand for bandwidth. With a focus on lower power consumption and high performance, Credo aims to capture growth in the evolving connectivity ecosystem. The new technology aligns with industry standards and supports data rates up to 25.6Gbps NRZ and 40Gbps PAM3.

Credo Technology Group Holding Ltd (NASDAQ: CRDO) reported significant financial results for Q4 and the full fiscal year ended April 30, 2022. Revenue surged to $37.5 million, a 90% increase year-over-year, contributing to a total annual revenue of $106.5 million, up 80%. GAAP net loss was $5.4 million, while non-GAAP net income stood at $2.8 million, resulting in GAAP net loss per share of $0.04. Cash reserves reached $259.3 million. For Q1 FY2023, projected revenue is between $43.5 million and $47.5 million, implying a 324% year-over-year rise at the midpoint.

Credo Technology Group Holding Ltd (Nasdaq: CRDO) has announced that CFO Dan Fleming will present at the Stifel 2022 Cross Sector Insight Conference on June 7, 2022, at 4:45 p.m. ET in Boston, Massachusetts. The presentation will be accessible via webcast on Credo's investor relations website. Credo specializes in secure, high-speed connectivity solutions, providing products that address increasing data rates and bandwidth requirements in the data infrastructure market. Their innovations improve power efficiency and reliability across Ethernet applications.

Credo Technology Group Holding Ltd (Nasdaq: CRDO) has announced a conference call scheduled for June 1, 2022, at 2:00 p.m. Pacific Time, to discuss its financial results for the fiscal fourth quarter and full year ending April 30, 2022. The financial results press release will be available after market close on the same day. Interested parties can participate via telephone or through a live webcast on Credo's Investor Relations website. A replay will be accessible until June 8, 2022.

Credo Technology Group Holding Ltd (NASDAQ: CRDO) reported strong financial results for Q3 FY 2022, with revenue of $31.8 million, a remarkable 136% increase year-over-year. GAAP gross margin stood at 60.1%, while non-GAAP net income was $2.4 million, translating to a net income per share of $0.03. The company also successfully completed its IPO, raising $171.9 million. Looking ahead, Q4 revenue is projected to be between $37 million to $41 million, reflecting a 97% year-over-year growth at the midpoint.

Credo Technology Group Holding Ltd (NASDAQ: CRDO) has launched its Sparrow 800G gearbox and Heron 1.6T retimer/gearbox aimed at enhancing performance for hyperscale data centers and telecom providers. These devices utilize advanced low-power DSP technology to improve line card functionality, delivering higher bandwidth while ensuring cost efficiency. The Sparrow gearbox supports configurations from 8x112G to 16x56G, while the Heron device offers low-power retiming options. These products are now available in production and sample quantities respectively, supporting the ever-increasing demand for bandwidth.

Credo Technology Group Holding Ltd (Nasdaq: CRDO) announced that CEO Bill Brennan and CFO Dan Fleming will present at the 34th Annual Roth Conference on March 14, 2022, at 8:30 am PT in Dana Point, California.

The presentation will be webcast live on Credo's investor relations website, with a replay available shortly after the event. Credo specializes in secure, high-speed connectivity solutions, aimed at enhancing power efficiency and bandwidth across the data infrastructure market, focusing on the 100G to 800G port markets.

Credo Technology Group Holding Ltd (NASDAQ: CRDO) has launched its second generation Seagull optical digital signal processors (DSPs), enhancing 5G wireless connectivity and data center applications. The new products, including Seagull 51, 111, and 201, offer improved power efficiency and cost-effectiveness. These DSPs integrate VCSEL and EML drivers, streamlining designs and enhancing performance. Credo's advancements aim to address the increasing demands of data infrastructure, enabling competitive pricing in the 5G and datacenter market.