Free Trial

Credo Technology Group (CRDO) Competitors

Credo Technology Group logo
$69.83 -7.42 (-9.61%)
(As of 12/17/2024 05:56 PM ET)

CRDO vs. VRT, LHX, NOK, GFS, HUBB, STM, ASX, UI, ALAB, and UMC

Should you be buying Credo Technology Group stock or one of its competitors? The main competitors of Credo Technology Group include Vertiv (VRT), L3Harris Technologies (LHX), Nokia Oyj (NOK), GlobalFoundries (GFS), Hubbell (HUBB), STMicroelectronics (STM), ASE Technology (ASX), Ubiquiti (UI), Astera Labs (ALAB), and United Microelectronics (UMC). These companies are all part of the "electronic equipment" industry.

Credo Technology Group vs.

Vertiv (NYSE:VRT) and Credo Technology Group (NASDAQ:CRDO) are both large-cap computer and technology companies, but which is the better business? We will compare the two companies based on the strength of their analyst recommendations, institutional ownership, profitability, community ranking, valuation, risk, dividends, media sentiment and earnings.

Vertiv has a beta of 1.61, meaning that its share price is 61% more volatile than the S&P 500. Comparatively, Credo Technology Group has a beta of 2.26, meaning that its share price is 126% more volatile than the S&P 500.

89.9% of Vertiv shares are held by institutional investors. Comparatively, 80.5% of Credo Technology Group shares are held by institutional investors. 5.0% of Vertiv shares are held by insiders. Comparatively, 16.0% of Credo Technology Group shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Vertiv currently has a consensus target price of $140.09, indicating a potential upside of 16.07%. Credo Technology Group has a consensus target price of $68.60, indicating a potential downside of 1.76%. Given Vertiv's stronger consensus rating and higher probable upside, analysts plainly believe Vertiv is more favorable than Credo Technology Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Vertiv
0 Sell rating(s)
1 Hold rating(s)
10 Buy rating(s)
0 Strong Buy rating(s)
2.91
Credo Technology Group
0 Sell rating(s)
1 Hold rating(s)
9 Buy rating(s)
0 Strong Buy rating(s)
2.90

Vertiv has a net margin of 7.72% compared to Credo Technology Group's net margin of -9.70%. Vertiv's return on equity of 55.33% beat Credo Technology Group's return on equity.

Company Net Margins Return on Equity Return on Assets
Vertiv7.72% 55.33% 11.48%
Credo Technology Group -9.70%-2.94%-2.60%

Vertiv received 37 more outperform votes than Credo Technology Group when rated by MarketBeat users. However, 65.00% of users gave Credo Technology Group an outperform vote while only 62.24% of users gave Vertiv an outperform vote.

CompanyUnderperformOutperform
VertivOutperform Votes
89
62.24%
Underperform Votes
54
37.76%
Credo Technology GroupOutperform Votes
52
65.00%
Underperform Votes
28
35.00%

Vertiv has higher revenue and earnings than Credo Technology Group. Credo Technology Group is trading at a lower price-to-earnings ratio than Vertiv, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Vertiv$7.53B6.02$460.20M$1.5080.47
Credo Technology Group$245.59M47.55-$28.37M-$0.15-465.53

In the previous week, Vertiv had 16 more articles in the media than Credo Technology Group. MarketBeat recorded 34 mentions for Vertiv and 18 mentions for Credo Technology Group. Credo Technology Group's average media sentiment score of 1.06 beat Vertiv's score of 1.06 indicating that Credo Technology Group is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Vertiv
22 Very Positive mention(s)
1 Positive mention(s)
10 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Credo Technology Group
10 Very Positive mention(s)
3 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Vertiv beats Credo Technology Group on 13 of the 18 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Skip Chart

Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
Skip Chart

CRDO vs. The Competition

MetricCredo Technology GroupSemiconductors & related devices IndustryComputer SectorNASDAQ Exchange
Market Cap$11.68B$61.09B$25.11B$9.30B
Dividend YieldN/A2.08%2.71%4.06%
P/E Ratio-465.5340.38253.4917.55
Price / Sales47.5525.052,928.09139.00
Price / CashN/A25.4634.3637.95
Price / Book20.547.538.104.91
Net Income-$28.37M$983.89M$668.01M$225.69M
7 Day Performance5.39%5.71%0.36%-1.47%
1 Month Performance75.63%20.36%10.32%5.37%
1 Year Performance259.95%12.60%25.75%22.71%

Credo Technology Group Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CRDO
Credo Technology Group
3.1872 of 5 stars
$69.83
-9.6%
$68.60
-1.8%
+259.9%$11.68B$245.59M-465.53500Analyst Forecast
Positive News
VRT
Vertiv
4.765 of 5 stars
$125.85
+0.1%
$140.09
+11.3%
+152.9%$47.24B$7.53B83.1527,000Positive News
Gap Down
LHX
L3Harris Technologies
4.8517 of 5 stars
$222.23
-0.4%
$269.13
+21.1%
+4.8%$42.15B$21.14B35.3550,000Analyst Revision
NOK
Nokia Oyj
3.6221 of 5 stars
$4.48
flat
$5.42
+20.9%
+37.4%$24.43B$19.77B56.0086,689
GFS
GlobalFoundries
3.5213 of 5 stars
$44.23
+0.8%
$50.21
+13.5%
-25.3%$24.40B$6.77B32.7512,000Short Interest ↑
HUBB
Hubbell
3.6532 of 5 stars
$452.15
-0.3%
$472.13
+4.4%
+35.0%$24.27B$5.37B32.6818,317
STM
STMicroelectronics
3.8399 of 5 stars
$25.65
-2.4%
$36.26
+41.4%
-48.7%$23.17B$17.29B10.5651,323Gap Down
ASX
ASE Technology
4.7713 of 5 stars
$10.32
+1.6%
N/A+10.4%$22.65B$593.73B22.5892,894Positive News
UI
Ubiquiti
2.7246 of 5 stars
$351.63
+2.0%
$310.50
-11.7%
+149.7%$21.26B$1.93B53.391,515Analyst Revision
Positive News
ALAB
Astera Labs
2.8177 of 5 stars
$130.50
-1.2%
$94.67
-27.5%
N/A$20.70B$305.71M0.00225Gap Down
UMC
United Microelectronics
3.0619 of 5 stars
$6.40
+0.2%
$7.40
+15.6%
-19.7%$16.04B$7.25B9.8319,833Positive News

Related Companies and Tools


This page (NASDAQ:CRDO) was last updated on 12/18/2024 by MarketBeat.com Staff
From Our Partners