CRDO
Credo Technology Group Holding Ltd [CRDO] Stock Forecast
Buy or Sell ? Support and Resistance
What is MACD and how to read it?
How RSI can help?
CRDO Stock Summary
Top CRDO Correlated Resources
CRDO
Top 10 Correlated ETFs
CRDO
Top 10 Correlated Stocks
CRDO
In the News
Credo Technology Group stock surges on 4Q financial results
Credo Technology Group Holding Ltd shares climbed 24% to $16.66 on Thursday after the developer of connectivity solutions and products for the data infrastructure market reported fourth-quarter fiscal 2023 revenue that fell 15% year over year to $32.1 million, but surpassed the $31.3 million FactSet consensus estimate. Credo's loss for the quarter swelled to $15.9 million, or $0.11 a share, from a loss of $5.4 million, or $0.04 a share, a year earlier, although the company's adjusted loss of $0.04 a share matched expectations.
Credo Technology Group Holding Ltd (CRDO) Q4 2023 Earnings Call Transcript
Credo Technology Group Holding Ltd (NASDAQ:CRDO ) Q4 2023 Earnings Conference Call May 31, 2023 5:00 PM ET Company Participants Dan O'Neil - Vice President-Corporate Development & Investor Relations Bill Brennan - Chief Executive Officer Dan Fleming - Chief Financial Officer Conference Call Participants Tore Svanberg - Stifel Quinn Bolton - Needham & Company Suji Desilva - Roth Capital Karl Akerman - BNP Vivek Arya - Bank of America Operator Good day, and thank you for standing by. Welcome to the Credo Q4 Fiscal Year 2023 Earnings Conference Call.
Credo Technology Group Holding Ltd. (CRDO) Reports Q4 Loss, Tops Revenue Estimates
Credo Technology Group Holding Ltd. (CRDO) came out with a quarterly loss of $0.04 per share in line with the Zacks Consensus Estimate.
Strength Seen in Credo Technology Group Holding Ltd. (CRDO): Can Its 9.6% Jump Turn into More Strength?
Credo Technology Group Holding Ltd. (CRDO) witnessed a jump in share price last session on above-average trading volume.
Credo to Present at Stifel 2023 Cross Sector Insight Conference
SAN JOSE, Calif., May 17, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (“Credo”) (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced that Bill Brennan, CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference.
Top 5 Tech Stocks Which You'll Regret Missing This Quarter - Credo Technology Group (NASDAQ:CRDO), Clearfield (NASDAQ:CLFD)
The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
Credo Technology Group Holding Ltd (CRDO) Q3 2023 Earnings Call Transcript
Credo Technology Group Holding Ltd (NASDAQ:CRDO ) Q3 2023 Earnings Conference Call March 1, 2023 5:00 PM ET Company Participants Dan O'Neil - Vice President-Corporate Development & Investor Relations Bill Brennan - Chief Executive Officer Dan Fleming - Chief Financial Officer Conference Call Participants Toshiya Hari - Goldman Sachs Quinn Bolton - Needham & Company Tore Svanberg - Stifel Suji Desilva - ROTH Capital Vivek Arya - Bank of America Karl Ackerman - BNP Paribas Operator Ladies and gentlemen, thank you for standing by. At this time, all participants are in listen-only mode.
Credo Technology Group Holding Ltd. (CRDO) Tops Q3 Earnings and Revenue Estimates
Credo Technology Group Holding Ltd. (CRDO) delivered earnings and revenue surprises of 25% and 4.37%, respectively, for the quarter ended January 2023.
Credo to Present at 35th Annual Roth Conference
SAN JOSE, Calif., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced that Bill Brennan, CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference.
Low Beta, High Performance: 3 Stocks to Watch
Beta is a gauge of a stocks movement compared to the S&P. Low beta stocks can be easier to hold and provide investors with a much needed portfolio counterbalance.
CRDO Financial details
CRDO Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-04-30
| Metric | History | 2020-04-30 | 2021-04-30 | 2022-04-30 | 2023-04-30 |
|---|---|---|---|---|---|
| Revenue per share | 0.38 | 0.42 | 1.2 | 0 | |
| Net income per share | 0.01 | -0.2 | -0.25 | 0 | |
| Operating cash flow per share | -0.07 | -0.3 | -0.35 | 0 | |
| Free cash flow per share | -0.14 | -0.35 | -0.55 | 0 | |
| Cash per share | 0.53 | 0.74 | 2.93 | 0 | |
| Book value per share | -0.07 | -0.4 | 3.78 | 0 | |
| Tangible book value per share | -0.07 | -0.4 | 3.78 | 0 | |
| Share holders equity per share | -0.07 | -0.4 | 3.78 | 0 | |
| Interest debt per share | 0 | 0 | 0.27 | 0 | |
| Market cap | 1.63B | 1.63B | 975.91M | 0 | |
| Enterprise value | 1.56B | 1.53B | 733.78M | -95.71M | |
| P/E ratio | 1.23K | -59.26 | -44.01 | 0 | |
| Price to sales ratio | 30.28 | 27.78 | 9.17 | 0 | |
| POCF ratio | -159.02 | -38.49 | -31.65 | 0 | |
| PFCF ratio | -85.43 | -33.67 | -20.16 | 0 | |
| P/B Ratio | -173.3 | -29.41 | 2.92 | 0 | |
| PTB ratio | -173.3 | -29.41 | 2.92 | 0 | |
| EV to sales | 28.91 | 26.01 | 6.89 | -0.52 | |
| Enterprise value over EBITDA | 400.74 | -66.33 | -67.28 | 5.83 | |
| EV to operating cash flow | -151.81 | -36.04 | -23.8 | 0 | |
| EV to free cash flow | -81.55 | -31.53 | -15.16 | 0 | |
| Earnings yield | 0 | -0.02 | -0.02 | 0 | |
| Free cash flow yield | -0.01 | -0.03 | -0.05 | 0 | |
| Debt to equity | -12.48 | -3.81 | 0.12 | 0.14 | |
| Debt to assets | 1.09 | 1.36 | 0.11 | 0.12 | |
| Net debt to EBITDA | -19.03 | 4.51 | 22.2 | 5.83 | |
| Current ratio | 5.16 | 11 | 12.54 | 10.58 | |
| Interest coverage | 0 | -407 | -2.89 | 6.39 | |
| Income quality | -7.71 | 1.54 | 1.39 | 0 | |
| Dividend Yield | 0 | 0 | 0 | 0 | |
| Payout ratio | 0 | 0 | 0 | 0 | |
| Sales general and administrative to revenue | 0.13 | 0.19 | 0 | 0 | |
| Research and developement to revenue | 0.51 | 0.59 | 0.45 | 0.42 | |
| Intangibles to total assets | 0 | 0 | 0 | 0 | |
| Capex to operating cash flow | 0.86 | 0.14 | 0.57 | 0 | |
| Capex to revenue | -0.16 | -0.1 | -0.17 | 0 | |
| Capex to depreciation | -4.87 | -2.73 | -3.67 | 0 | |
| Stock based compensation to revenue | 0.02 | 0.04 | 0.09 | 0 | |
| Graham number | 0.12 | 1.32 | 4.62 | 0 | |
| ROIC | -0.03 | 0.49 | 0.12 | -0.11 | |
| Return on tangible assets | 0.01 | -0.18 | -0.06 | -0.04 | |
| Graham Net | -0.21 | -0.64 | 2.95 | 0 | |
| Working capital | 77.27M | 125.27M | 305.68M | 297.2M | |
| Tangible asset value | -9.41M | -55.43M | 334.16M | 347.64M | |
| Net current asset value | -21.6M | -73.12M | 290.65M | 278.58M | |
| Invested capital | 0 | 0 | 0.05 | 0.04 | |
| Average receivables | 0 | 18.12M | 28.9M | 49.29M | |
| Average payables | 0 | 3.02M | 6.04M | 7.28M | |
| Average inventory | 0 | 4.69M | 17.22M | 36.68M | |
| Days sales outstanding | 122.3 | 113.22 | 135.73 | 116.89 | |
| Days payables outstanding | 115.8 | 64.17 | 72.95 | 28.39 | |
| Days of inventory on hand | 107.48 | 126.99 | 234.99 | 215.36 | |
| Receivables turnover | 2.98 | 3.22 | 2.69 | 3.12 | |
| Payables turnover | 3.15 | 5.69 | 5 | 12.86 | |
| Inventory turnover | 3.4 | 2.87 | 1.55 | 1.69 | |
| ROE | -0.14 | 0.5 | -0.07 | -0.05 | |
| Capex per share | -0.06 | -0.04 | -0.2 | 0 |
Quarterly Fundamentals Overview
Last date of statement is 2023-04-30 for Q4
| Metric | History | 2022-04-30 | 2022-07-30 | 2022-10-29 | 2023-01-28 | 2023-04-30 |
|---|---|---|---|---|---|---|
| Revenue per share | 0.42 | 0.32 | 0.35 | 0.37 | 0.22 | |
| Net income per share | -0.06 | 0 | -0.02 | 0.02 | -0.11 | |
| Operating cash flow per share | 0.03 | -0.08 | 0.01 | -0.02 | 0 | |
| Free cash flow per share | -0.08 | -0.12 | -0.03 | -0.06 | 0 | |
| Cash per share | 2.93 | 2.03 | 1.65 | 1.59 | 1.47 | |
| Book value per share | 3.78 | 2.36 | 2.36 | 2.41 | 2.35 | |
| Tangible book value per share | 3.78 | 2.36 | 2.36 | 2.41 | 2.35 | |
| Share holders equity per share | 3.78 | 2.36 | 2.36 | 2.41 | 2.35 | |
| Interest debt per share | 0.23 | 0.12 | 0.1 | 0.11 | 0.08 | |
| Market cap | 975.91M | 2.33B | 2B | 2.54B | 1.21B | |
| Enterprise value | 733.78M | 2.1B | 1.83B | 2.43B | 1.11B | |
| P/E ratio | -45.56 | -7.97K | -149.05 | 225.2 | -18.93 | |
| Price to sales ratio | 26.01 | 50.11 | 39 | 46.86 | 37.6 | |
| POCF ratio | 413.52 | -190.56 | 1.14K | -1.1K | 0 | |
| PFCF ratio | -133.91 | -133.23 | -512.35 | -276.29 | 0 | |
| P/B Ratio | 2.92 | 6.81 | 5.82 | 7.17 | 3.47 | |
| PTB ratio | 2.92 | 6.81 | 5.82 | 7.17 | 3.47 | |
| EV to sales | 19.55 | 45.22 | 35.56 | 44.83 | 34.62 | |
| Enterprise value over EBITDA | -439.92 | 1.48K | -1.05K | 1.26K | -67.76 | |
| EV to operating cash flow | 310.92 | -171.98 | 1.04K | -1.05K | 0 | |
| EV to free cash flow | -100.68 | -120.24 | -467.22 | -264.31 | 0 | |
| Earnings yield | -0.01 | 0 | 0 | 0 | -0.01 | |
| Free cash flow yield | -0.01 | -0.01 | 0 | 0 | 0 | |
| Debt to equity | 0.12 | 0.19 | 0.2 | 0.18 | 0.14 | |
| Debt to assets | 0.11 | 0.16 | 0.17 | 0.15 | 0.12 | |
| Net debt to EBITDA | 145.16 | -160.12 | 101.47 | -57.19 | 5.84 | |
| Current ratio | 12.54 | 8.12 | 7.07 | 8.07 | 10.58 | |
| Interest coverage | -0.97 | -0.99 | 0.9 | -31.36 | 9.63 | |
| Income quality | -0.44 | 167.38 | -0.52 | -0.82 | 0 | |
| Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
| Payout ratio | 0 | 0 | 0 | 0 | 0 | |
| Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
| Research and developement to revenue | 0.41 | 0.36 | 0.35 | 0.38 | 0.67 | |
| Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
| Capex to operating cash flow | -4.09 | 0.43 | -3.23 | 2.98 | 0 | |
| Capex to revenue | -0.26 | -0.11 | -0.11 | -0.13 | 0 | |
| Capex to depreciation | -6.3 | -3.21 | -2.16 | -3.03 | 0 | |
| Stock based compensation to revenue | 0.14 | 0.12 | 0.1 | 0.1 | 0 | |
| Graham number | 2.27 | 0.16 | 1.1 | 1.02 | 2.38 | |
| ROIC | 0.02 | 0 | -0.25 | 0.02 | -0.1 | |
| Return on tangible assets | -0.01 | 0 | -0.01 | 0.01 | -0.04 | |
| Graham Net | 2.95 | 2.03 | 1.63 | 1.65 | 1.59 | |
| Working capital | 305.68M | 303.39M | 300.33M | 306.64M | 297.2M | |
| Tangible asset value | 334.16M | 341.91M | 344.1M | 354.55M | 347.64M | |
| Net current asset value | 290.65M | 282.25M | 279.88M | 287.32M | 278.58M | |
| Invested capital | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | |
| Average receivables | 35.54M | 50.2M | 59.5M | 60.31M | 60.7M | |
| Average payables | 7.75M | 14.84M | 22.23M | 22.3M | 13.7M | |
| Average inventory | 26.73M | 32.18M | 42.43M | 49.07M | 48.17M | |
| Days sales outstanding | 94.96 | 117.75 | 101.97 | 103.5 | 165.44 | |
| Days payables outstanding | 55.52 | 101.4 | 89.47 | 86.17 | 40.44 | |
| Days of inventory on hand | 178.84 | 177.24 | 183.88 | 203.22 | 306.75 | |
| Receivables turnover | 0.95 | 0.76 | 0.88 | 0.87 | 0.54 | |
| Payables turnover | 1.62 | 0.89 | 1.01 | 1.04 | 2.23 | |
| Inventory turnover | 0.5 | 0.51 | 0.49 | 0.44 | 0.29 | |
| ROE | -0.02 | 0 | -0.01 | 0.01 | -0.05 | |
| Capex per share | -0.11 | -0.04 | -0.04 | -0.05 | 0 |
CRDO Frequently Asked Questions
What is Credo Technology Group Holding Ltd stock symbol ?
Credo Technology Group Holding Ltd is a US stock , located in San jose of Ca and trading under the symbol CRDO
Is Credo Technology Group Holding Ltd buy or a sell ?
4 stock analysts have 4 predictions with a medium analyst target price of $18. The lowest prediction is $15 and the highest is $20
What is CRDO stock prediction ?
With a median analyst target price of $18, 1 stock analysts have made 1 forecasts in last 90 days. $18 is the lowest and $18 is the greatest projection.
What is Credo Technology Group Holding Ltd stock quote today ?
Credo Technology Group Holding Ltd stock price is $16.045 today.
Is Credo Technology Group Holding Ltd stock public?
Yes, Credo Technology Group Holding Ltd is a publicly traded company.
Company Profile
- Volume Average 1.93M
- Market Capitalization 2.45B
- Employee 382
- CEO Mr. William J. Brennan
- Headquarters San Jose,CA,US
- IPO Date 2022-01-27
-
Website
https://credosemi.com 
Credo 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 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.
