Latest news with #CRDO
Yahoo
01-08-2025
- Business
- Yahoo
This Data Center Stock Is Up 330% in the Past Year
Credo Technology (CRDO) hit a new 52-week high on July 31. The stock shows strong technical momentum and has a 100% 'Buy' signal via Barchart. Shares are up nearly 330% over the past year. Despite positive momentum, CRDO is highly volatile and speculative, requiring disciplined risk management and stop-loss strategies. Today's Featured Stock Valued at $19.91 billion, Credo Technology (CRDO) is a provider of high-performance serial connectivity solutions for the hyperscale data center, 5G carrier, enterprise networking, artificial intelligence, and high-performance computing markets. What I'm Watching: I found today's Chart of the Day by using Barchart's powerful screening functions. I sorted for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker 'buy' signal. I then used Barchart's Flipcharts feature to review the charts for consistent price appreciation. CRDO checks those boxes. Since the Trend Seeker signaled a buy on July 23, the stock has gained 13.35%. More News from Barchart With UnitedHealth Under DOJ Investigation, Should You Buy, Sell, or Hold UNH Stock Now? Trump Won't Take Away Tesla's Subsidies. Does That Make TSLA Stock a Safe Buy Here? Can AMD Stock Hit $210 in 2025? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! CRDO Price vs. Daily Moving Averages: Barchart Technical Indicators for Credo Technology: Editor's Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the website when you read this report. These technical indicators form the Barchart Opinion on a particular stock. Credo Technology shares hit a new all-time high on July 31, touching $118.95 in intraday trading. CRDO has a 100% technical 'Buy' signal. The stock recently traded at $111.55, above its 50-day moving average of $86.31. Credo Technology has a Weighted Alpha of +288.03. The stock has gained 329.70% over the past year. CRDO has its Trend Seeker 'Buy' signal intact. Credo Technology is trading above its 20, 50 and 100-day moving averages. The stock made 13 new highs and gained 20.48% in the last month. Relative Strength Index is at 60.87%. The technical support level is $108.64. Don't Forget the Fundamentals: $19.1 billion market capitalization. Trailing price-earnings ratio of 429.67x. Revenue is projected to grow 86.32% this year and another 23.15% next year. Earnings are estimated to increase 120.63% this year and an additional 26.65% next year. Analyst and Investor Sentiment on Credo Technology: I don't buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping a stock, it's hard to make money swimming against the tide. It looks like Wall Street analysts are bullish, but some major advisory sites are split. The Wall Street analysts tracked by Barchart issued nine 'Strong Buy,' and one 'Moderate Buy' opinion on the stock. Value Line gives the company its above-average rating. CFRA's Market Scope rates the stock a 'Hold.' Morningstar thinks the stock is 59% overvalued. 30,160 investors monitor the stock on Seeking Alpha, which rates the stock a 'Hold.' The Bottom Line: Credo Technology currently has momentum and is hitting new highs. It has positive sentiment from Wall Street, plus analysts project double-digit increases in revenue and earnings. I caution that CRDO is volatile and speculative — use strict risk management and stop-loss strategies. Today's Chart of the Day was written by Jim Van Meerten. Read previous editions of the daily newsletter here. Additional disclosure: The Barchart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance. On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Globe and Mail
21-07-2025
- Business
- Globe and Mail
CRDO Eyes Growth: Will Retimer Business Fuel its Revenue Engine?
The PCIe interface continues to play a vital role in AI clusters, enabling high-speed connections between GPUs, CPUs and endpoints such as Smart NICs and NVMe storage. As AI workloads become increasingly complex and large-scale, the need for faster data transmission and more efficient hardware interconnects has grown significantly. Credo Technology Group Holding Ltd. 's ( CRDO ) sophisticated retimer solutions address these demands by minimizing data transfer bottlenecks and improving overall system performance and connectivity. Credo's retimers and PCIe OSFP-XD AECs improve PCIe cabling by overcoming limits of PCB and passive cables in PCIe 6.0/7.0 systems. By placing retimers on the PCB or in the cable, they reduce insertion loss and extend reach up to seven meters for in-rack and rack-to-rack use. Strong Retimer sales are driven by its 50G and 100G Ethernet solutions, which offer key features like MACsec encryption, gearboxing and software support. CRDO's customers now include top AI server makers and switch vendors, highlighting strong demand in AI systems. For fiscal 2026, it anticipates robust growth as more customers transition to 100G per lane solutions and seek system-level and software expertise for complex AI architectures. The new PCIe Gen6 Retimer family, led by the 2CAN Retimer, passed PCIe compliance testing and demonstrated strong performance. Live demos at GTC, OFC and Computex with two top ODMs confirmed its capabilities. Customer interest in PCIe Retimers is rapidly growing, with design wins anticipated in 2025 and production revenues in 2026. The company's strength lies in its advanced SerDes technology, a customer-first approach and system-level innovation that offers improved latency, reach and power efficiency. Its PILOT telemetry software also accelerates development, boosts yields and enhances system monitoring—key advantages highlighted by customers. Per a report from Verified Market Reports, the PCIe Retimer market size was valued at $1.2 billion in 2024 and is projected to achieve $2.8 billion by 2033, at a CAGR of 11.5% (2026-2033). Credo's retimer business is a clear engine of growth and innovation. In tandem with its Retimer business, the company is well-positioned to benefit from its Optical DSP and AEC offerings. CRDO expects its revenues to exceed $800 million in fiscal 2026, implying year-over-year growth of more than 85%. CRDO's Cut-Throat Competitors in the PCIe Retimer Market Astera Labs ( ALAB ) develops semiconductor-based connectivity solutions tailored for cloud and AI infrastructure. ALAB is advancing next-gen data center infrastructure with the introduction of a PCIe 6-ready reference design based on NVIDIA Blackwell-based MGX platform that leverages Scorpio Smart Fabric Switches for AI and cloud infrastructure. It has showcased the first end-to-end PCIe 6 interoperability with NVIDIA's Blackwell GPU and Micron's NVMe SSD, with both Aries 6 PCIe Smart Retimer and Scorpio-P PCIe SmartFabric Switch. It has emerged as a key player in next-generation data center connectivity, with a full-stack portfolio spanning PCIe 6.0, Ultra Accelerator Link and CXL 3.0. The company has moved its Scorpio PCB switches and Aries 6 retimers into volume production, set to ramp up in late second-quarter fiscal 2025 for AI rack-scale systems. It also launched the Aries 6 PCIe Smart Gearbox to link PCIe 5 and PCIe 6, with several hyperscalers using it for AI and compute platforms. A cutting-edge product lineup, combined with solid demand from hyperscalers, is projected to support its long-term revenue growth. San Jose, CA-based Broadcom ( AVGO ) is a premier designer, developer and global supplier of a broad range of semiconductor devices. Targeting enterprise, hyperscale data centers and service providers, its portfolio includes advanced technologies such as DSP, Ethernet, optical interconnect, PCIe, SerDes, XPU and physical layer solutions, all aimed at enhancing performance and connectivity across AI-driven infrastructure. It has launched its PCIe Gen 6 portfolio, featuring high-port switches and retimers tested for interoperability with partners like Micron and Teledyne LeCroy. AVGO's in-house SerDes technology and collaboration with ecosystem partners aim to support scalable AI clusters. CRDO Price Performance, Valuation and Estimates Shares of CRDO have surged 216.6% in the past year compared with the Electronics-Semiconductors industry's growth of 27.9%. In terms of the forward 12-month price/sales ratio, CRDO is trading at 18.86, higher than the Electronic-Semiconductors sector's multiple of 8.78. The Zacks Consensus Estimate for CRDO earnings for fiscal 2026 has seen a significant uptick over the past 60 days. CRDO currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. One Big Gain, Every Trading Day To help you take full advantage of this market, you're invited to access every stock recommendation in all our private portfolios - for just $1. Zacks private portfolio services that closed 256 double and triple-digit winners in 2024 alone. That's about one big gain every day the market was open. Of course, not all our picks are winners, but members have seen recent gains as high as +627% +1,340%, and +1,708%. Imagine how much you could profit with a steady stream of real-time picks from all our services that cover a number of strategies to suit a variety of investing and trading styles. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Broadcom Inc. (AVGO): Free Stock Analysis Report Astera Labs, Inc. (ALAB): Free Stock Analysis Report
Business Insider
15-07-2025
- Business
- Business Insider
Mizuho Securities Keeps Their Buy Rating on Credo Technology Group Holding Ltd (CRDO)
In a report released today, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on Credo Technology Group Holding Ltd, with a price target of $112.00. The company's shares closed today at $98.70. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Broadcom, and Advanced Micro Devices. According to TipRanks, Rakesh has an average return of 18.7% and a 61.08% success rate on recommended stocks. Credo Technology Group Holding Ltd has an analyst consensus of Strong Buy, with a price target consensus of $92.80. Based on Credo Technology Group Holding Ltd's latest earnings release for the quarter ending May 3, the company reported a quarterly revenue of $170.03 million and a net profit of $36.59 million. In comparison, last year the company earned a revenue of $60.78 million and had a GAAP net loss of $10.48 million Based on the recent corporate insider activity of 149 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRDO in relation to earlier this year. Last month, Lip Bu Tan, a Director at CRDO sold 92,248.00 shares for a total of $8,403,136.08.
Globe and Mail
01-07-2025
- Business
- Globe and Mail
2 Top-Ranked Stocks Suited for Momentum Investors
When stocks are cruising near all-time or 52-week highs, it reflects considerable bullishness with trends where buyers are in control. Stocks making new highs tend to make even higher highs, particularly when analysts' positive earnings estimate revisions are present. That's been precisely the case for Credo Techology Group CRDO and Heico HEI, both of which presently sport a favorable Zacks Rank and are trading near 52-week highs with notable momentum. Let's take a closer look at what's been driving the bullish behavior. Credo Benefits from AI Surge Credo Technology, a Zacks Rank #1 (Strong Buy) provides innovative, secure, high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. The company's EPS outlook remains bullish across the board. Credo's latest set of strong quarterly results was fueled by continued strong demand for its services, with the stock a big beneficiary of the AI frenzy. The increased AI spend is set to continue for years, positioning the company nicely to continue reaping the benefits. CRDO crushed our consensus expectations in the above-mentioned release, with sales up a rock-solid 180% year-over-year. Below is a chart illustrating the company's sales on a quarterly basis, with the acceleration visibly seen over the past few periods. HEICO Breaks Records HEICO, a Zacks Rank #1 (Strong Buy), is a growing technology-driven aerospace, industrial, defense and electronics company. Its products are found on large commercial aircraft, regional, business and military aircraft, and more. The company's bullish EPS outlook is illustrated below. Like CRDO above, HEICO is coming off a notably strong quarterly release, posting record Q2 sales and net income. Both items crushed our consensus expectations, with sales growing 15% alongside a 27% boost in net income. Strength was broad across both the company's segments (Flight Support and Electrical Technologies), enjoying sales bumps of 19% and 7%, respectively. Its consolidated operating margin also saw nice expansion, coming in at 22.6% vs. 21.9% in the same period last year. Bottom Line Stocks making new highs tend to make even higher highs, particularly when positive earnings estimate revisions hit the tape. That's precisely what both stocks above – Credo Techology Group CRDO and Heico HEI – have enjoyed, with each sporting a favorable Zacks Rank and seeing their shares trade near 52-week highs. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Heico Corporation (HEI): Free Stock Analysis Report
Yahoo
28-06-2025
- Business
- Yahoo
Credo's Revenue Soars, Attracts Big Money Inflows
CRDO focuses on connectivity solutions for data infrastructure, including integrated circuits, active cabling, and SerDes chiplets. The company is well positioned for AI-based growth, having recently diversified its revenue base with three hyperscalers, each contributing over 10% to overall revenue. Financially, CRDO's fourth-quarter fiscal 2025 report showed $170 million of quarterly revenue, which is a 180% year-over-year increase. Fiscal year 2025 revenue was $437 million, which is a 126% jump over the prior year. Also, CRDO's fiscal year 2026 revenue guidance exceeds $800 million, representing 85% annual growth. No wonder CRDO shares are up 41% so far this year – and they could rise more. MoneyFlows data shows how Big Money investors are again betting heavily on the stock. Institutional volumes reveal plenty. In the last year, CRDO has enjoyed strong investor demand, which we believe to be institutional support. Each green bar signals unusually large volumes in CRDO shares. They reflect our proprietary inflow signal, pushing the stock higher: Plenty of technology names are under accumulation right now. But there's a powerful fundamental story happening with Credo. Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, CRDO has had strong sales growth: 1-year sales growth rate (+126.3%) 3-year sales growth rate (+68%) Source: FactSet Also, EPS is estimated to ramp higher this year by +26.2%. Now it makes sense why the stock has been generating Big Money interest. CRDO has a track record of strong financial performance. Marrying great fundamentals with MoneyFlows software has found some big winning stocks over the long term. Credo has been a top-rated stock at MoneyFlows. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis. It just made the rare Outlier 20 for the first time ever, and there could be more ahead. The blue bar below shows when CRDO was a top pick…Big Money is buying in: Tracking unusual volumes reveals the power of money flows. This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward. The CRDO action isn't new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio. Disclosure: the author holds no position in CRDO at the time of publication. If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level and follow our free weekly MoneyFlows insights. This article was originally posted on FX Empire Earnings and Inflows Push Heico Shares Up 34% Visa Shares Up 2,655% Since Big Money Bought In Fragile Middle East Truce Heightens Geo-political, Macroeconomic Risks, Including for Europe Core & Main Flashes Bullish Outlier Signals Vistra's Nuclear AI Option, Renewables Draw Inflows Outlier Inflows Boosting Carpenter Technology Sign in to access your portfolio
