CREDO TECHNOLOGY GROUP HOLDING Stock Price, News & Analysis

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.