USSTOCK.TODAY
Regular Market
Log in Sign up

Credo Technology Group targets data center market with optical connectivity technology

The Motley Fool +1 ·

CRDO Credo Technology Group Holding Ltd
$162.77 -10.70%
View chart & analysis →
  1. 1Credo Technology Group shares, which rose more than threefold in three years, have fallen over 40% from their peak earlier this year.
  2. 2Credo Technology Group revenue more than doubled in the quarter ended August 1 compared to the same period last year.
  3. 3The ZeroFlap Active Light Cable reduces power consumption by 30% compared to comparable copper AEC.

So what's the key point?

What is the main point? Credo Technology Group revenue more than doubled compared to last year. While the stock price has fallen over 40% from its peak, the company is targeting the market with technology that reduces power consumption by 30%.

Source The Motley Fool +1 · View original ↗

Related 3-line summaries

Credo Technology Group Holding Sees Growth in Data Center Networking The Motley Fool +1 · Oct 11Analysis of SpaceX Stock Price Volatility and Investment Returns Post-IPO The Motley Fool +1 · Oct 8Marvell Technology shares rise on aggressive long-term financial outlook Investing.com +3 · Oct 7
Today's 5 AI picks, all free
Nothing hidden: past picks and how they did against the S&P 500.
See today's picks →
← Back to news