Added to YB: 2026-04-17
Pitch date: 2026-04-15
CRDO [neutral]
Credo Technology Group Holding Ltd
-3.44%
current return
Author Info
No bio for this author
Company Info
Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet, and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.
Market Cap
$29.4B
Pitch Price
$164.60
Price Target
N/A
Dividend
N/A
EV/EBITDA
79.27
P/E
87.51
EV/Sales
26.34
Sector
Semiconductors and Semiconductor Equipment
Category
special_situation
Credo Technology Acquires DustPhotonics
CRDO (update): Acquires DustPhotonics for $750M cash + $123M stock upfront, up to $430M earnout (~$1.3B total). Gains vertical integration: full optical stack (SerDes, DSP, SiPho PICs). DustPhotonics = fabless SiPho specialist, 400G-3.2T roadmap, L3C laser tech enables liquid cooling. Expands TAM into NPO/CPO beyond pluggables. Accretive FY27, minimal dilution vs $24B mcap. Optical rev to hit $500M+ FY27. Stock +42% 5d post-deal.
Read full article (6 min)