Latest news with #DanFleming
Business Wire
04-06-2025
- Business
- Business Wire
Credo to Present at 2025 Mizuho Technology Conference
SAN JOSE, Calif.--(BUSINESS WIRE)--Credo Technology Group Holding Ltd (Credo) (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved reliability and energy efficiency, today announced that Bill Brennan, President and CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference. Conference: 2025 Mizuho Technology Conference Time: 1:20 p.m. ET Location: New York City, New York The presentation will be webcast live on Credo's IR website at The webcast replay will be available as soon as possible following the event on Credo's IR website. About Credo Credo's mission is to advance high-speed connectivity solutions that deliver optimized performance, reliability, energy efficiency, and security for the next generation of AI driven applications, cloud computing, and hyperscale networks. Optimized for both optical and electrical applications, our solutions support port speeds up to 1.6Tb. At the core of our technology is our proprietary Serializer/Deserializer (SerDes) IP. Our diverse solutions portfolio includes system-level products such as Active Electrical Cables (AECs), a range of Integrated Circuits, including Retimers, Optical DSPs, SerDes chiplets, and SerDes IP Licensing. For more information, please visit Follow Credo on LinkedIn.
Yahoo
05-03-2025
- Business
- Yahoo
Credo's Dependence on AWS Is Shrinking-Here's Why It Could Be a Big Win
Credo Technology (NASDAQ:CRDO) is looking beyond Amazon Web Services (NASDAQ:AMZN) for growth, expecting more hyperscaler clients to contribute significantly to its revenue in the coming quarters. Warning! GuruFocus has detected 2 Warning Sign with AMZN. Currently, AWS accounts for 86% of Credo's revenue, but Chief Financial Officer Dan Fleming said that is changing. We had seven customers contributing over 5% of revenue last quarter, he noted. Going forward, we expect three to four of them to surpass 10%, as additional hyperscalers increase orders. Credo specializes in high-speed connectivity solutions for data centers, offering optical and electrical cables, integrated circuits, and networking tech. The company beat estimates with its Q3 results, initially sending shares higher in post-market trading Tuesday before they dropped Wednesday morning. Bank of America Securities reiterated its Buy rating but cut its price target from $83 to $75. Analysts, led by Vivek Arya, highlighted growing competition from Marvell (NASDAQ:MRVL) and Broadcom (NASDAQ:AVGO) but said Credo's expanding product mix could sustain its strong 63-65% gross margins as scale improves. This article first appeared on GuruFocus. Sign in to access your portfolio
