CRDO Stock Price, Credo Technology Group Holding Quote, Chart

Market Summary

USD17.10+0.18

Delayedas of 22 Apr 2024, 10:56 am

1.06%

CRDO Alerts

3 major insider sales recently.

Big fall in earnings (Y/Y)

CRDO Stock Price

View Fullscreen

CRDO RSI Chart

CRDO Valuation

Market Cap

2.8B

Price/Earnings (Trailing)

-81.25

Price/Sales (Trailing)

16.82

EV/EBITDA

-123.25

Price/Free Cashflow

7.2K

CRDO Price/Sales (Trailing)

CRDO Profitability

EBT Margin

-21.13%

Return on Equity

-6.37%

Return on Assets

-5.74%

Free Cashflow Yield

0.01%

CRDO Fundamentals

CRDO Revenue

Revenue (TTM)

164.3M

Rev. Growth (Yr)

-2.23%

Rev. Growth (Qtr)

20.49%

CRDO Earnings

Earnings (TTM)

-34.0M

Earnings Growth (Yr)

-84.84%

Earnings Growth (Qtr)

106.25%

Breaking Down CRDO Revenue

52 Week Range

7.2019.07

(Low)(High)

Last 7 days

-21.1%

Last 30 days

-18.2%

Last 90 days

-18.6%

Trailing 12 Months

96.2%

How does CRDO drawdown profile look like?

CRDO Financial Health

Current Ratio

12.72

CRDO Investor Care

Shares Dilution (1Y)

10.34%

Diluted EPS (TTM)

-0.23

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	164.3M	0	0	0
2023	189.6M	184.2M	172.8M	165.5M
2022	94.5M	106.5M	142.2M	167.2M
2021	56.3M	58.7M	70.6M	82.6M
2020	0	53.8M	0	0

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Credo Technology Group Holding Ltd

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Nov 17, 2027	brennan william joseph	sold	-265,662	17.7108	-15,000	pres & chief executive officer
Oct 24, 2024	brennan william joseph	sold	-216,762	14.4508	-15,000	pres & chief executive officer
Apr 18, 2024	brennan william joseph	sold	-272,054	18.1369	-15,000	pres & chief executive officer
Apr 17, 2024	brennan william joseph	sold	-287,421	19.1614	-15,000	pres & chief executive officer
Apr 11, 2024	lam yat tung	sold	-221,208	22.1208	-10,000	chief operating officer
Apr 11, 2024	lam yat tung	sold	-1,774,710	22.7157	-78,127	chief operating officer
Apr 11, 2024	cheng chi fung	sold	-1,216,880	22.1251	-55,000	chief technology officer
Apr 05, 2024	lam yat tung	sold (taxes)	-47,632	21.36	-2,230	chief operating officer
Apr 05, 2024	cheng chi fung	sold (taxes)	-32,509	21.36	-1,522	chief technology officer
Apr 05, 2024	fleming daniel w.	sold (taxes)	-52,545	21.36	-2,460	chief financial officer

Which funds bought or sold CRDO recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 18, 2024	Allspring Global Investments Holdings, LLC	added	63.86	3,416,410	7,777,470	0.01%
Apr 18, 2024	Diversified Trust Co	reduced	-3.54	24,906	525,109	0.02%
Apr 16, 2024	MCF Advisors LLC	reduced	-82.1	-10,598	2,564	-%
Apr 16, 2024	AMF Tjanstepension AB	added	31.78	10,990,600	36,301,600	0.28%
Apr 16, 2024	Harbour Capital Advisors, LLC	added	54.56	236,662	504,394	0.12%
Apr 15, 2024	Counterpoint Mutual Funds LLC	new	-	275,512	275,512	0.07%
Apr 15, 2024	Legato Capital Management LLC	new	-	775,024	775,024	0.09%
Apr 10, 2024	Banque Cantonale Vaudoise	new	-	97,000	97,000	-%
Apr 05, 2024	GAMMA Investing LLC	added	770	2,787	3,136	-%
Apr 05, 2024	CWM, LLC	added	2,436	15,000	16,000	-%

Are Funds Buying or Selling CRDO?

Are funds buying CRDO calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CRDO

No. of Funds

Unveiling Credo Technology Group Holding Ltd's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	cheng chi fung	6.5%	10,531,720	SC 13G/A
Feb 13, 2024	tan lip bu	2.2%	3,570,992	SC 13G/A
Feb 13, 2024	vanguard group inc	8.69%	13,991,480	SC 13G/A
Feb 13, 2024	lam yat tung	5.4%	8,660,679	SC 13G/A
Feb 09, 2024	capital research global investors	3.5%	5,687,691	SC 13G/A
Feb 06, 2024	blackrock inc.	7.7%	12,207,190	SC 13G/A
Jan 08, 2024	jpmorgan chase & co	6.7%	10,895,664	SC 13G
Feb 28, 2023	cheng chi fung	8.3%	12,274,852	SC 13G/A
Feb 23, 2023	lam yat tung	7.8%	11,485,138	SC 13G/A
Feb 14, 2023	tan lip bu	5.5%	8,142,172	SC 13G

Recent SEC filings of Credo Technology Group Holding Ltd

View All Filings

Date Filed	Form Type	Document
Apr 18, 2024	4	Insider Trading
Apr 15, 2024	4	Insider Trading
Apr 15, 2024	4	Insider Trading
Apr 09, 2024	4	Insider Trading
Apr 09, 2024	4	Insider Trading
Apr 08, 2024	4/A	Insider Trading
Apr 08, 2024	4	Insider Trading
Apr 08, 2024	4	Insider Trading
Apr 08, 2024	144	Notice of Insider Sale Intent
Apr 05, 2024	4	Insider Trading

Peers (Alternatives to Credo Technology Group Holding Ltd)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CSCO	195.8B	57.2B	-2.44%	3.78%	14.56	3.42	7.66%	18.93%
ANET	76.9B	5.9B	-17.04%	58.34%	36.85	13.13	33.75%	54.34%
HPQ	27.3B	53.1B	-6.27%	-6.11%	7.98	0.51	-11.04%	34.01%
HPE	21.8B	29.1B	-0.89%	15.41%	10.77	0.75	2.24%	133.29%
LOGI	12.2B	4.2B	-14.58%	36.06%	25.05	2.87	-11.68%	12.69%
JNPR	11.6B	5.6B	-2.04%	16.88%	37.43	2.09	4.97%	-34.14%
MID-CAP
UI	6.4B	1.9B	-4.27%	-56.01%	17.33	3.44	4.69%	6.86%
BDC	3.4B	2.5B	-9.88%	3.72%	13.89	1.34	-3.62%	-4.73%
LITE	2.8B	1.4B	-14.55%	-9.52%	-10.56	1.96	-21.40%	-1031.82%
SMALL-CAP
EXTR	1.4B	1.3B	-6.40%	-30.65%	17.6	1.05	14.09%	64.56%
AAOI	465.4M	217.6M	-16.24%	471.70%	-8.3	2.14	-2.32%	15.59%
ADTN	371.1M	1.1B	-14.13%	-50.48%	-1.39	0.32	12.05%	-13041.29%
ALOT	133.2M	148.1M	-3.70%	13.83%	28.37	0.9	3.90%	76.40%
AIRG	55.6M	56.0M	-1.12%	3.12%	-4.47	0.99	-26.16%	-43.53%
AKTS	48.3M	29.7M	-19.67%	-85.42%	-0.7	1.63	39.86%	-13.06%

Credo Technology Group Holding Ltd News

Latest updates

Credo Technology Group Holding Ltd Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q2
Revenue	20.5%	53,058,000	44,035,000	35,095,000	32,088,000	54,270,000	51,369,000	46,467,000	37,526,000	31,800,000	26,427,000	10,724,000	12,091,000	13,458,000	-
Gross Profit	24.7%	32,558,000	26,117,000	20,790,000	18,585,000	31,987,000	27,959,000	27,663,000	23,769,000	19,112,000	15,954,000	5,180,000	-	8,071,000	-
Operating Expenses	9.9%	38,469,000	34,992,000	35,181,000	34,977,000	34,873,000	29,698,000	27,881,000	30,102,000	19,563,000	19,508,000	16,810,000	-	12,865,000	-
S&GA Expenses	7.4%	14,233,000	13,256,000	12,543,000	13,574,000	11,936,000	11,540,000	11,198,000	11,507,000	8,568,000	7,708,000	7,117,000	-	5,872,000	-
R&D Expenses	11.5%	24,236,000	21,736,000	22,638,000	21,403,000	20,530,000	18,158,000	16,683,000	15,461,000	10,995,000	11,800,000	9,693,000	-	6,993,000	-
EBITDA Margin	-1.5%	-0.13	-0.13	-0.11	-0.05	-0.01	-0.02	-0.04	-0.16	-0.15	-0.26	-0.36	-0.39	0.07	-
Income Taxes	-555.1%	-2,048,000	450,000	-537,000	1,248,000	-3,179,000	929,000	-365,000	-1,153,000	-387,000	601,000	902,000	-	372,000	-
Earnings Before Taxes	73.8%	-1,620,000	-6,173,000	-12,234,000	-14,689,000	-356,000	-2,431,000	-438,000	-6,508,000	-531,000	-3,499,000	-11,675,000	-	-4,745,000	-
EBT Margin	-4.5%	-0.21	-0.20	-0.17	-0.10	-0.05	-0.06	-0.08	-0.21	-0.20	-0.31	-0.39	-0.43	0.04	-
Net Income	106.3%	428,000	-6,846,000	-11,859,000	-15,729,000	2,823,000	-3,680,000	-169,000	-5,368,500	-144,000	-4,068,000	-12,582,000	-3,221,000	-5,117,000	-
Net Income Margin	-8.4%	-0.21	-0.19	-0.16	-0.09	-0.03	-0.05	-0.07	-0.21	-0.23	-0.36	-0.55	-0.47	0.02	-
Free Cashflow	-307.1%	-6,136,000	2,963,000	19,296,000	-15,737,000	-9,204,000	-3,910,000	-17,477,000	-7,288,000	-1,220,000	-29,616,000	-10,288,000	-11,036,000	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet										(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q2
Assets	46.0%	592	406	396	397	417	414	406	376	334	155
Current Assets	55.8%	511	328	321	328	350	350	346	332	302	138
Cash Equivalents	-25.5%	96.00	129	127	109	124	191	244	259	241	104
Inventory	-11.9%	32.00	36.00	41.00	46.00	50.00	48.00	37.00	27.00	26.00	7.00
Net PPE	-0.2%	45.00	45.00	44.00	40.00	39.00	41.00	38.00	22.00	24.00	14.00
Liabilities	4.0%	58.00	56.00	48.00	50.00	63.00	70.00	64.00	42.00	29.00	13.00
Current Liabilities	8.0%	40.00	37.00	31.00	31.00	43.00	49.00	43.00	26.00	26.00	13.00
Shareholder's Equity	52.8%	534	350	347	348	355	344	342	334	306	-
Retained Earnings	0.3%	-124	-125	-118	-106	-91.04	-93.86	-90.50	-90.43	-85.07	-68.25
Additional Paid-In Capital	38.7%	659	475	466	455	446	438	432	425	391	13.00
Shares Outstanding	8.3%	163	151	150	149	147	146	145	145	70.00	69.00

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)														(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q2
Cashflow From Operations	-120.7%	-1,036	5,008	24,608	-11,839	-2,314	1,757	-12,219	2,360	1,727	-25,970	-8,949	-	-	-
Share Based Compensation	2.3%	8,332	8,144	7,968	7,910	5,169	4,891	5,546	5,368	1,438	1,307	1,075	-	-	-
Cashflow From Investing	-6686.0%	-206,635	-3,045	-6,610	-3,898	-66,118	-55,667	-5,258	-9,648	-2,947	-3,646	-1,339	-	-	-
Cashflow From Financing	134211.5%	174,605	130	534	598	1,564	746	1,977	26,167	170,848	408	6,758	-	-	-
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

CRDO Income Statement

2024-01-27

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 27, 2024	Jan. 28, 2023	Jan. 27, 2024	Jan. 28, 2023
Revenue:
Total revenue	$ 53,058	$ 54,270	$ 132,188	$ 152,106
Cost of revenue:
Cost of revenue	20,500	22,283	52,723	64,497
Gross profit	32,558	31,987	79,465	87,609
Operating expenses:
Research and development	24,236	20,530	68,610	55,371
Selling, general and administrative	14,233	11,936	40,032	34,674
Impairment charges	0	2,407	0	2,407
Total operating expenses	38,469	34,873	108,642	92,452
Operating loss	(5,911)	(2,886)	(29,177)	(4,843)
Other income, net	4,291	2,530	9,150	1,618
Loss before income taxes	(1,620)	(356)	(20,027)	(3,225)
Benefit for income taxes	(2,048)	(3,179)	(2,135)	(2,615)
Net income (loss)	$ 428	$ 2,823	$ (17,892)	$ (610)
Net income (loss) per share:
Basic (in US dollars per share)	$ 0	$ 0.02	$ (0.12)	$ 0
Diluted (in US dollars per share)	$ 0	$ 0.02	$ (0.12)	$ 0
Weighted-average shares:
Basic (in shares)	157,155,000	146,908,000	152,063,000	146,000,000
Diluted (in shares)	167,160,000	156,519,000	152,063,000	146,000,000
Product sales
Revenue:
Total revenue	$ 39,975	$ 38,033	$ 104,250	$ 117,645
Cost of revenue:
Cost of revenue	18,912	21,833	50,126	62,016
Product engineering services
Revenue:
Total revenue	11,830	3,635	16,557	8,209
Cost of revenue:
Cost of revenue	1,471	228	1,935	746
IP license
Revenue:
Total revenue	1,253	12,602	11,381	26,252
Cost of revenue:
Cost of revenue	$ 117	$ 222	$ 662	$ 1,735

CRDO Balance Sheet

2024-01-27

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 27, 2024	Apr. 29, 2023
Current assets:
Cash and cash equivalents	$ 96,073	$ 108,583
Short-term investments	313,061	109,228
Accounts receivable	44,760	49,541
Inventories	31,507	46,023
Contract assets	17,909	9,445
Prepaid expenses and other current assets	8,133	5,412
Total current assets	511,443	328,232
Property and equipment, net	44,899	40,222
Right of use assets	13,634	14,860
Other non-current assets	22,490	13,975
Total assets	592,466	397,289
Current liabilities:
Accounts payable	10,294	6,067
Accrued compensation and benefits	6,913	6,471
Accrued expenses and other current liabilities	18,268	14,454
Deferred revenue	4,722	4,040
Total current liabilities	40,197	31,032
Non-current operating lease liabilities	11,601	12,869
Other non-current liabilities	6,701	5,753
Total liabilities	58,499	49,654
Commitments and contingencies (Note 7)
Shareholders' equity:
Ordinary shares, $0.00005 par value; 1,000,000 shares authorized; 163,068 and 148,651 shares issued and outstanding at January 27, 2024 and April 29, 2023, respectively	8	7
Additional paid in capital	659,162	454,795
Accumulated other comprehensive loss	(335)	(191)
Accumulated deficit	(124,868)	(106,976)
Total shareholders' equity	533,967	347,635
Total liabilities and shareholders' equity	$ 592,466	$ 397,289

About Credo Technology Group Holding Ltd

Credo Technology Group Holding Ltd provides various high-speed connectivCredo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP. The company also offers intellectual property solutions consist of SerDes IP licensing. It sells its products to hyperscalers, original equipment manufacturers, original design manufacturers and optical module manufacturers, as well as into the enterprise and HPC markets. The company was founded in 2008 and is headquartered in San Jose, California.ity solutions for optical and electrical Ethernet applications in the United States, Mexico, Mainland China, Hong Kong, and internationally. Its products include integrated circuits, active electrical cables, and SerDes chiplets that are based on its serializer/deserializer and digital signal processor technologies. The company also offers intellectual property solutions consist of SerDes IP licensing. The company was founded in 2008 and is headquartered in San Jose, California.

CEO	Mr. William J. Brennan
WEBSITE	https://credosemi.com
INDUSTRY	Computer Hardware
EMPLOYEES	438

Credo Technology Group Holding Ltd Frequently Asked Questions

What is the ticker symbol for Credo Technology Group Holding Ltd? What does CRDO stand for in stocks?

CRDO is the stock ticker symbol of Credo Technology Group Holding Ltd. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Credo Technology Group Holding Ltd (CRDO)?

As of Fri Apr 19 2024, market cap of Credo Technology Group Holding Ltd is 2.76 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CRDO stock?

You can check CRDO's fair value in chart for subscribers.

What is the fair value of CRDO stock?

You can check CRDO's fair value in chart for subscribers. The fair value of Credo Technology Group Holding Ltd is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Credo Technology Group Holding Ltd is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CRDO so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Credo Technology Group Holding Ltd a good stock to buy?

The fair value guage provides a quick view whether CRDO is over valued or under valued. Whether Credo Technology Group Holding Ltd is cheap or expensive depends on the assumptions which impact Credo Technology Group Holding Ltd's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CRDO.

What is Credo Technology Group Holding Ltd's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 19 2024, CRDO's PE ratio (Price to Earnings) is -81.25 and Price to Sales (PS) ratio is 16.82. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CRDO PE ratio will change depending on the future growth rate expectations of investors.