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Credo Technology Group (CRDO) Competitors

Credo Technology Group logo
$80.02 +4.42 (+5.85%)
As of 01/17/2025 04:00 PM Eastern

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

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), Telefonaktiebolaget LM Ericsson (publ) (ERIC), Nokia Oyj (NOK), Hubbell (HUBB), GlobalFoundries (GFS), ASE Technology (ASX), STMicroelectronics (STM), Ubiquiti (UI), and Astera Labs (ALAB). These companies are all part of the "electronic equipment" industry.

Credo Technology Group vs.

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

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

Credo Technology Group has a beta of 2.11, meaning that its stock price is 111% more volatile than the S&P 500. Comparatively, Vertiv has a beta of 1.63, meaning that its stock price is 63% more volatile than the S&P 500.

Credo Technology Group presently has a consensus target price of $76.40, suggesting a potential downside of 4.52%. Vertiv has a consensus target price of $141.75, suggesting a potential upside of 4.27%. Given Vertiv's higher possible upside, analysts clearly believe Vertiv is more favorable than Credo Technology Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Credo Technology Group
0 Sell rating(s)
1 Hold rating(s)
9 Buy rating(s)
0 Strong Buy rating(s)
2.90
Vertiv
0 Sell rating(s)
2 Hold rating(s)
11 Buy rating(s)
0 Strong Buy rating(s)
2.85

In the previous week, Vertiv had 10 more articles in the media than Credo Technology Group. MarketBeat recorded 34 mentions for Vertiv and 24 mentions for Credo Technology Group. Vertiv's average media sentiment score of 0.97 beat Credo Technology Group's score of 0.37 indicating that Vertiv is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Credo Technology Group
9 Very Positive mention(s)
2 Positive mention(s)
7 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Vertiv
22 Very Positive mention(s)
5 Positive mention(s)
4 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Positive

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
Credo Technology Group$192.97M69.35-$28.37M-$0.15-533.47
Vertiv$6.86B7.43$460.20M$1.5090.63

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
Credo Technology Group-9.70% -2.94% -2.60%
Vertiv 7.72%55.33%11.48%

Vertiv received 35 more outperform votes than Credo Technology Group when rated by MarketBeat users. However, 66.67% of users gave Credo Technology Group an outperform vote while only 62.33% of users gave Vertiv an outperform vote.

CompanyUnderperformOutperform
Credo Technology GroupOutperform Votes
56
66.67%
Underperform Votes
28
33.33%
VertivOutperform Votes
91
62.33%
Underperform Votes
55
37.67%

Summary

Vertiv beats Credo Technology Group on 12 of the 17 factors compared between the two stocks.

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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.
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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.
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CRDO vs. The Competition

MetricCredo Technology GroupSemiconductors & related devices IndustryComputer SectorNASDAQ Exchange
Market Cap$12.34B$63.18B$26.78B$8.96B
Dividend YieldN/A2.14%2.79%4.04%
P/E RatioN/A25.98192.8313.15
Price / Sales69.3528.523,244.3280.99
Price / CashN/A25.2934.2935.97
Price / Book24.188.008.394.80
Net Income-$28.37M$914.16M$672.21M$224.91M
7 Day Performance8.43%2.33%2.05%1.47%
1 Month Performance20.40%7.82%5.10%4.66%
1 Year Performance316.99%53.87%26.56%20.83%

Credo Technology Group Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CRDO
Credo Technology Group
2.8122 of 5 stars
$80.02
+5.8%
$76.40
-4.5%
+326.8%$12.34B$192.97M-533.47380Analyst Forecast
Insider Trade
Short Interest ↑
News Coverage
Gap Up
VRT
Vertiv
4.144 of 5 stars
$122.70
-4.8%
$140.92
+14.8%
+176.1%$46.05B$7.53B81.8027,000Analyst Forecast
News Coverage
Gap Down
LHX
L3Harris Technologies
4.7849 of 5 stars
$213.33
+2.4%
$266.31
+24.8%
+6.7%$40.46B$21.14B33.7050,000Analyst Forecast
News Coverage
ERIC
Telefonaktiebolaget LM Ericsson (publ)
1.5765 of 5 stars
$7.95
-2.2%
$6.70
-15.7%
+41.2%$26.49B$246.85B-265.0099,952News Coverage
Gap Down
NOK
Nokia Oyj
3.3873 of 5 stars
$4.47
-1.1%
$6.62
+48.0%
+30.8%$24.37B$19.77B55.8886,689Analyst Downgrade
News Coverage
HUBB
Hubbell
3.7787 of 5 stars
$417.50
-0.7%
$471.50
+12.9%
+36.1%$22.41B$5.64B30.0818,317Analyst Upgrade
Short Interest ↓
News Coverage
GFS
GlobalFoundries
3.6178 of 5 stars
$40.49
-1.1%
$50.21
+24.0%
-21.5%$22.34B$6.77B30.2214,600Analyst Revision
News Coverage
ASX
ASE Technology
4.0526 of 5 stars
$10.08
-3.9%
N/A+22.0%$22.13B$593.73B22.4092,894
STM
STMicroelectronics
3.9587 of 5 stars
$23.94
-2.5%
$34.11
+42.5%
-40.2%$21.63B$14.23B9.8548,300Short Interest ↑
Gap Down
UI
Ubiquiti
2.4115 of 5 stars
$357.64
-0.5%
$310.50
-13.2%
+224.2%$21.63B$2.02B55.361,515Analyst Forecast
News Coverage
Gap Down
ALAB
Astera Labs
1.8767 of 5 stars
$124.74
-3.8%
$105.75
-15.2%
N/A$19.79B$305.71M0.00225Analyst Forecast
Short Interest ↑
News Coverage
Gap Down

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This page (NASDAQ:CRDO) was last updated on 1/18/2025 by MarketBeat.com Staff
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