27-Sep-2024
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Business Wire (Tue, 10-Sep 7:30 PM ET)
Credo Technology Group to Showcase Optical Solutions at CIOE 2024
Business Wire (Tue, 3-Sep 5:05 PM ET)
Credo Technology Group Appoints Jim Laufman as New Chief Legal Officer
Business Wire (Tue, 27-Aug 8:14 AM ET)
Business Wire (Mon, 26-Aug 10:42 AM ET)
Credo to Present at Goldman Sachs Communacopia + Technology Conference
Globe Newswire (Wed, 21-Aug 9:00 AM ET)
Credo Announces Date Change of First Quarter Fiscal Year 2025 Financial Results Conference Call
Globe Newswire (Thu, 8-Aug 12:32 PM ET)
Credo Schedules First Quarter Fiscal Year 2025 Financial Results Conference Call
Globe Newswire (Thu, 8-Aug 9:00 AM ET)
Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. It has a geographic presence in Hong Kong, the United States, Mainland China, Taiwan, and the Rest of the World.
Credo Technology Group Holding - trades on the NASDAQ stock market under the symbol CRDO.
As of September 27, 2024, CRDO stock price climbed to $31.45 with 1,632,137 million shares trading.
CRDO has a beta of 3.41, meaning it tends to be more sensitive to market movements. CRDO has a correlation of 0.38 to the broad based SPY ETF.
CRDO has a market cap of $5.22 billion. This is considered a Mid Cap stock.
Last quarter Credo Technology Group Holding - reported $60 million in Revenue and $.04 earnings per share. This beat revenue expectation by $174,000 and met earnings estimates .
The top ETF exchange traded funds that CRDO belongs to (by Net Assets): VTI, VB, IWM, VGT, VXF.
CRDO has outperformed the market in the last year with a price return of +108.3% while the SPY ETF gained +35.8%. However, in the short term, CRDO had mixed performance relative to the market. It has underperformed in the last 3 months, returning +0.5% vs +4.9% return in SPY. But in the last 2 weeks, CRDO shares have fared better than the market returning +10.3% compared to SPY +2.0%.
CRDO support price is $29.85 and resistance is $32.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CRDO shares will trade within this expected range on the day.