Credo makes a unique cable product called an active electrical cable (AEC), which connects data center servers to networking switches. The company claims its AECs take up 75% less space than Direct ...
Credo Technology Group Holding Ltd (NASDAQ:CRDO – Get Free Report) saw some unusual options trading activity on Monday. Traders bought 3,364 call options on the company. This is an increase of 54% ...
Shares of Credo Technology Group gained after the company narrowed its loss and posted higher revenue in its fiscal second quarter, while guiding for higher-than-expected sales in the current frame.
Cash Reserves: Credo’s balance sheet is solid with $383.0 million in cash and short-term investments, providing ample runway for future investments and growth.