15-Nov-2024
Credo Schedules Second Quarter Fiscal Year 2025 Financial Results Conference Call
Globe Newswire (Tue, 12-Nov 9:00 AM ET)
Credo and Net One Systems Join Forces to Bring Active Electrical Cables to the Japanese Market
Business Wire (Tue, 12-Nov 8:30 AM ET)
Why Are Chip Stocks Trading Lower On Monday?
Benzinga (Mon, 11-Nov 12:13 PM ET)
Business Wire (Mon, 14-Oct 9:00 AM ET)
Business Wire (Mon, 14-Oct 9:00 AM ET)
Credo Introduces 800G HiWire ZeroFlap AECs to Support AI Backend Networks
Business Wire (Thu, 10-Oct 9:00 AM ET)
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 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 November 15, 2024, CRDO stock price declined to $39.76 with 3,589,765 million shares trading.
CRDO has a beta of 4.35, meaning it tends to be more sensitive to market movements. CRDO has a correlation of 0.47 to the broad based SPY ETF.
CRDO has a market cap of $6.60 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): IWM, VTI, VB, VGT, VXF.
CRDO has outperformed the market in the last year with a return of +128.4%, while the SPY ETF gained +31.8%. In the last 3 month period, CRDO beat the market returning +31.0%, while SPY returned +6.2%. However, in the most recent 2 weeks CRDO has underperformed the stock market by returning -1.7%, while SPY returned +2.6%.
CRDO support price is $40.24 and resistance is $43.56 (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.