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Credo Technology: Positive On Growth Acceleration And Customer Base Diversification
Seeking Alpha· 2024-04-10 07:32
shulz Overview My recommendation for Credo Technology (NASDAQ:CRDO) is a buy rating, as I have become more confident that growth will accelerate in the coming years. CRDO is also gradually diversifying its customer base, which is great as it reduces the volatility of growth. Given this positive outlook, I have shifted my view that CRDO’s valuation multiple would see a mean reversion to sustaining at a premium multiple. Note that I previously rated the buy rating for CRDO as the growth outlook remains po ...
Keysight Demonstrates First Full Line Rate 1.6 Terabit Ethernet Test Capability
Businesswire· 2024-03-19 15:00
Keysight co-developed the industry’s first working 1.6 terabit Ethernet test and measurement system in a testbed with Credo Semiconductor. Running at full line rate, it can transmit and process more than a billion packets per second over a 2-meter active electrical cable – an unprecedented rate of speed. (Photo: Business Wire)Keysight co-developed the industry’s first working 1.6 terabit Ethernet test and measurement system in a testbed with Credo Semiconductor. Running at full line rate, it can transmit an ...
Credo Technology: Concentration Risk Still Overshadows Hyperscaler Progress
Seeking Alpha· 2024-03-12 19:33
Jacob Wackerhausen/iStock via Getty Images Credo Technology (NASDAQ:CRDO) is a company providing high-speed connectivity solutions, such as integrated circuits / ICs, Active Electrical Cables / AECs, and Serializer and Deserializaer / SerDes Chiplets. Share performance has been relatively strong since going public in 2022 at the price of $11 per share. Despite the demand shock from a major customer in 2023 that caused the stock to reach an all-time low of $8, CRDO has had a strong rebound since. Over the pa ...
产品全线导入,盈利能力改善
国金证券· 2024-03-06 16:00
业绩简评 公司 AEC 产品持续导入。公司 AEC 产品已经导入微软、亚马逊, 目前亚马逊虽然处于 AEC 早期部署阶段,但已经在公司 FY24Q3 营 收占比达到 19%。根据公司 FY24Q3 公开业绩会,目前公司 AEC 已 经完成在另外一家北美头部云厂商的认证,并且公司 AEC 产品目 前在另外两个北美头部大型客户处于早期开发阶段。公司认为随 着新客户导入、亚马逊放量以及 AI 以太网组网增加,FY25H2 有望 看到 AEC 营收增长的拐点。 公司光 DSP 以及 SerDes chiplet 持续导入客户。目前公司除了提 供传统光模块 DSP 以外,也提供采用简化版的 DSP 的 LRO 光模块 方案,相比 LPO 方案具备更高信号完整性,且相比传统光模块 DSP 功耗减少。公司 800G LRO 方案、1.6T DSP 有望与合作伙伴在今年 OFC 进行展示。公司 SerDes chiplet 除了在特斯拉 Dojo 芯片使用 以外,目前也已经在英特尔出货。 公司毛利率有望继续改善。FY24Q3 公司 IP 营收占比仅 2%,前三 季度营收占比 9%,公司预计全年 IP 营收占比达到 10~15 ...
Credo to Present at 36th Annual Roth Conference
GlobeNewsWire· 2024-03-04 14:00
SAN JOSE, Calif., March 04, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced that Bill Brennan, President and CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference. Conference: 36th Annual Roth Conferen ...
Credo Technology (CRDO) - 2024 Q3 - Earnings Call Transcript
2024-02-28 04:23
Dan Fleming - CFO Tore Svanberg - Stifel Vivek Arya - Bank of America Securities I would now like to hand the conference over to your speaker today, Dan O'Neil. Please go ahead. These non-GAAP financial measures are provided in addition to, and not as a substitute for or superior to, financial performance prepared in accordance with U.S. GAAP. A discussion of why we use non-GAAP financial measures and reconciliations between our GAAP and non-GAAP financial measures is available in the earnings release we is ...
Credo Technology Group Holding Ltd. (CRDO) Q3 Earnings and Revenues Surpass Estimates
Zacks Investment Research· 2024-02-28 00:16
Credo Technology Group Holding Ltd. (CRDO) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced earnings of $0.01, delivering no surprise.Over the last four quarters, t ...
Credo Technology (CRDO) - 2024 Q3 - Quarterly Report
2024-02-27 16:00
Credo Technology Group Holding Ltd Notes to Unaudited Condensed Consolidated Financial Statements | --- | --- | --- | --- | --- | |---------------------------------------------------------|-------|---------------------------------|-------|-----------------------------| | Computer equipment and software | $ | January 27, 2024 \n18,217 | $ | April 29, 2023 \n13,942 | | Laboratory equipment | | 17,720 | | 15,577 | | Production equipment | | 24,718 | | 19,783 | | Leasehold improvements | | 2,009 | | 2,005 | | O ...
Credo Technology (CRDO) - 2024 Q3 - Quarterly Results
2024-02-26 16:00
Credo Technology Group Holding Ltd Reports Third Quarter of Fiscal Year 2024 Financial Results Third Quarter of Fiscal Year 2024 Financial Highlights Management Commentary Fourth Quarter of Fiscal 2024 Financial Outlook Conference Call Discussion of Non-GAAP Financial Measures Non-GAAP financial measures exclude the effect of share-based compensation expenses, asset impairment and related charges (if applicable), and the related tax effect adjustments to the provision for income taxes. GAAP diluted net inco ...
Credo Schedules Third Quarter Fiscal Year 2024 Financial Results Conference Call
Newsfilter· 2024-02-12 21:05
SAN JOSE, Calif., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd ("Credo") (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power efficiency, today announced it will hold a conference call on Tuesday, February 27, 2024, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal third quarter ended January 27, 2024. The news release announcing the third quarter fiscal year 2024 financial results will be disseminated ...