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CRDO Overview

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$
0.000
0.000(0.000%)
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0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
120.740
Open
113.280
VWAP
116.46
Vol
4.98M
Mkt Cap
20.72B
Low
113.140
Amount
579.88M
EV/EBITDA(TTM)
55.43
Total Shares
184.45M
EV
19.42B
EV/OCF(TTM)
57.13
P/S(TTM)
19.65
Credo Technology Group Holding Ltd is a Cayman Islands-based holding company. The Company delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Its connectivity solutions are optimized for optical and electrical Ethernet applications, including the emerging 100 gigabits per second (G), 200G, 400G, 800G and the emerging 1.6 terabits per second (T) port markets. Its products are based on its Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Its product families include integrated circuits (ICs) for the optical and line card markets, active electrical cables (AECs) and SerDes Chiplets. The Company’s intellectual property (IP) solutions consist primarily of SerDes IP licensing.
Show More

Events Timeline

(ET)
2026-03-02
19:40:00
Middle East Turmoil Causes WTI Crude Oil to Surge Nearly 10%
select
2026-03-02
16:20:00
Credo Technology Shares Down 13% at $99.60 After Q3 Results and Guidance
select
2026-03-02
16:20:00
Q4 Gross Margin Expected Between 64.0% and 66.0%
select
2026-03-02
16:20:00
Credo Reports Q3 Revenue of $407.0M
select
2026-03-02
09:10:00
Credo Technology Acquires CoMira Solutions
select

News

Marketbeat
3.0
03-09Marketbeat
Credo Technologies Reaches Low Point: Ideal Opportunity for Investment
  • Stock Price Outlook: Credo Technologies' stock price is near its bottom, with expectations for a rebound driven by strong margins and cash flow, supported by three major clients.

  • Analyst Sentiment: Analysts have mixed responses to recent earnings, with some price target reductions but an overall bullish outlook, suggesting a potential 90% upside this year.

  • Institutional Buying Trends: Institutional investors have been accumulating shares, reflecting confidence in the company's growth prospects, with expectations of continued aggressive investment in the coming years.

  • Market Conditions: The company is well-capitalized with low liabilities and strong revenue growth, indicating a solid foundation for future performance despite potential market fluctuations.

NASDAQ.COM
4.5
03-09NASDAQ.COM
VTWO ETF 52-Week Price Analysis
  • Price Range Analysis: The VTWO ETF has a 52-week low of $69.38 and a high of $109.76, with the latest trade at $99.17, indicating relative stability and investor confidence in the current market.
  • Technical Analysis Tool: Comparing the latest share price to the 200-day moving average can provide valuable insights for investors, aiding in market trend assessment and potential buying opportunities.
  • ETF Unit Trading Mechanism: ETFs trade similarly to stocks, where investors are buying and selling 'units' that can be created or destroyed based on investor demand, impacting the underlying asset allocation of the ETF.
  • Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify ETFs experiencing notable inflows (new units created) or outflows (old units destroyed), allowing for assessment of their impact on underlying holdings.
Yahoo Finance
9.5
03-06Yahoo Finance
Credo Technology Reports Record Earnings Amid High Customer Concentration
  • Earnings Highlights: Credo Technology Group reported a record revenue of $407 million and non-GAAP diluted EPS of $1.07 for Q3 FY2026, showcasing strong growth potential in the AI infrastructure sector, although market concerns about customer concentration persist.
  • Customer Concentration Risk: CFO Daniel Fleming disclosed that the top two customers accounted for 71% of revenue, while three customers represented 88%, indicating a high dependency on a limited customer base that could impact future revenue stability.
  • Cash Reserves and Financing: Credo ended the quarter with $1.3 billion in cash and equivalents, primarily driven by ATM offerings and strong free cash flow, providing ample funding for future investments and product expansions.
  • Margin Outlook: Despite achieving a non-GAAP gross margin of 68.6% in Q3, the company guided for a Q4 margin of 64% to 66%, sparking discussions about potential “peak margins,” necessitating investor attention on future profitability fluctuations.
NASDAQ.COM
9.5
03-06NASDAQ.COM
Credo Technology Reports Strong Q3 Fiscal 2026 Results
  • Significant Revenue Growth: Credo Technology reported Q3 revenues of $407 million, reflecting a 51.9% sequential increase and a 201.5% year-over-year surge, indicating strong demand for its high-speed connectivity solutions, with expectations of tripling revenues by fiscal 2026, showcasing its competitive edge in a rapidly growing market.
  • Margin Improvement: The non-GAAP gross margin rose to 68.6% from 63.8% a year ago, with non-GAAP net income hitting $208.8 million and a net margin of 51.3%, demonstrating ongoing improvements in cost control and profitability.
  • Strong Cash Flow: The company generated $139.7 million in free cash flow during the third quarter, with total cash and equivalents reaching $1.3 billion, providing ample financial resources for product innovation and strategic acquisitions, thereby enhancing its market competitiveness.
  • Optimistic Market Outlook: Management anticipates over 50% year-over-year revenue growth for fiscal 2027, and as AI infrastructure rapidly scales, Credo's high-performance connectivity solutions are expected to remain in high demand, driving the company's long-term growth potential.
Barron's
4.5
03-05Barron's
U.S. Markets Declined on Thursday; Ciena Suffered the Largest Loss
  • Stock Market Performance: U.S. stock indexes experienced a decline on Thursday, with the major index falling by 1.61%.
  • Index Changes: The other indexes also saw decreases, with one declining by 0.56% and another by 0.26%.
CNBC
9.5
03-05CNBC
Broadcom's AI Chip Revenue Expected to Exceed $100 Billion
  • Doubling AI Revenue: Broadcom's AI revenue has more than doubled due to demand for AI accelerators and networking, with CEO Hock Tan projecting that AI chip revenue will be 'significantly in excess of $100 billion' by 2027, far exceeding Wall Street's bullish estimates and indicating strong demand and growth potential in the AI market.
  • Capacity Expansion: The company is nearing 10 gigawatts of capacity, with analysts estimating revenue of $12 billion to $15 billion per gigawatt by 2027, which is expected to drive substantial revenue growth and further solidify Broadcom's leadership position in the semiconductor industry.
  • Supply Chain Assurance: Despite facing shortages in high-bandwidth memory, Tan assured analysts that the company has secured memory and leading-edge wafer supply through 2028, which will support ongoing growth and alleviate concerns about profitability.
  • Competitive Market Advantage: Tan emphasized that Broadcom's AI chips offer cost and performance advantages over competitors like Nvidia, which is expected to attract more hyperscaler customers and ensure the company's market share and profitability in the coming years.
Wall Street analysts forecast CRDO stock price to rise
13 Analyst Rating
Wall Street analysts forecast CRDO stock price to rise
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
170.00
Averages
221.82
High
260.00
Current: 0.000
sliders
Low
170.00
Averages
221.82
High
260.00
Susquehanna
Positive -> NULL
downgrade
$230 -> $170
AI Analysis
2026-03-03
Reason
Susquehanna
Price Target
$230 -> $170
AI Analysis
2026-03-03
downgrade
Positive -> NULL
Reason
Susquehanna lowered the firm's price target on Credo Technology to $170 from $230 and keeps a Positive rating on the shares. The firm said they posted solid quarter driven by AEC customer ramps and strength in optical DSPs. ZF optics to contribute "materially" in FY27 as Credo secured two new customers.
BofA
Buy
downgrade
$200 -> $160
2026-03-03
Reason
BofA
Price Target
$200 -> $160
2026-03-03
downgrade
Buy
Reason
BofA lowered the firm's price target on Credo Technology to $160 from $200 and keeps a Buy rating on the shares. Following fiscal Q3 results in-line with Credo's earlier "stellar pre-announcement," the firm raised its FY27 and FY28 pro-forma EPS estimates by another 5% and 6%, respectively, but lowered its price target on industry multiple re-rating.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for CRDO
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Valuation Metrics

The current forward P/E ratio for Credo Technology Group Holding Ltd (CRDO.O) is 43.20, compared to its 5-year average forward P/E of 52.44. For a more detailed relative valuation and DCF analysis to assess Credo Technology Group Holding Ltd's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
52.44
Current PE
43.20
Overvalued PE
186.72
Undervalued PE
-81.84

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
33.87
Current EV/EBITDA
35.47
Overvalued EV/EBITDA
144.86
Undervalued EV/EBITDA
-77.13

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
13.59
Current PS
17.63
Overvalued PS
18.45
Undervalued PS
8.73

Financials

AI Analysis
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Whales Holding CRDO

O
Oberweis Asset Management, Inc.
Holding
CRDO
+19.64%
3M Return
F
FengHe Fund Management Pte. Ltd.
Holding
CRDO
+17.35%
3M Return
P
Polar Capital Holdings Plc
Holding
CRDO
+15.19%
3M Return
F
Fuh Hwa Securities Investment Trust Co., Ltd.
Holding
CRDO
+10.76%
3M Return
W
Wt Asset Management Ltd
Holding
CRDO
+6.66%
3M Return
S
Summit Partners Public Asset Management, LLC
Holding
CRDO
+6.38%
3M Return

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Frequently Asked Questions

What is Credo Technology Group Holding Ltd (CRDO) stock price today?

The current price of CRDO is 115.5 USD — it has increased 2.82

What is Credo Technology Group Holding Ltd (CRDO)'s business?

Credo Technology Group Holding Ltd is a Cayman Islands-based holding company. The Company delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Its connectivity solutions are optimized for optical and electrical Ethernet applications, including the emerging 100 gigabits per second (G), 200G, 400G, 800G and the emerging 1.6 terabits per second (T) port markets. Its products are based on its Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Its product families include integrated circuits (ICs) for the optical and line card markets, active electrical cables (AECs) and SerDes Chiplets. The Company’s intellectual property (IP) solutions consist primarily of SerDes IP licensing.

What is the price predicton of CRDO Stock?

Wall Street analysts forecast CRDO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRDO is221.82 USD with a low forecast of 170.00 USD and a high forecast of 260.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Credo Technology Group Holding Ltd (CRDO)'s revenue for the last quarter?

Credo Technology Group Holding Ltd revenue for the last quarter amounts to 407.01M USD, increased 201.49

What is Credo Technology Group Holding Ltd (CRDO)'s earnings per share (EPS) for the last quarter?

Credo Technology Group Holding Ltd. EPS for the last quarter amounts to 0.82 USD, increased 412.50

How many employees does Credo Technology Group Holding Ltd (CRDO). have?

Credo Technology Group Holding Ltd (CRDO) has 622 emplpoyees as of March 11 2026.

What is Credo Technology Group Holding Ltd (CRDO) market cap?

Today CRDO has the market capitalization of 20.72B USD.