CEVA (NASDAQ:CEVA – Get Free Report) will be announcing its earnings results before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
CEVA (NASDAQ:CEVA – Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The semiconductor company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.04. CEVA had a negative net margin of 11.52% and a negative return on equity of 5.30%. The business had revenue of $24.16 million during the quarter, compared to analysts’ expectations of $24.32 million. During the same quarter in the previous year, the company earned $0.05 EPS. The business’s revenue was down 20.4% on a year-over-year basis. On average, analysts expect CEVA to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
CEVA Stock Down 2.3 %
CEVA stock opened at $19.81 on Thursday. CEVA has a 12 month low of $16.38 and a 12 month high of $27.65. The firm has a market cap of $467.12 million, a P/E ratio of -38.84 and a beta of 1.14. The company’s 50-day moving average price is $22.04 and its two-hundred day moving average price is $21.38.
Insider Buying and Selling at CEVA
Analyst Ratings Changes
A number of research analysts have recently issued reports on CEVA shares. Rosenblatt Securities restated a “buy” rating and issued a $28.00 price target on shares of CEVA in a research report on Tuesday, February 13th. TD Cowen boosted their target price on shares of CEVA from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.
View Our Latest Stock Analysis on CEVA
About CEVA
CEVA, Inc provides silicon and software IP solutions to semiconductor and original equipment manufacturer (OEM) companies worldwide. Its 5G mobile and infrastructure products include Ceva-XC vector digital signal processors (DSPs) for 5G handsets, 5G RAN, and general-purpose baseband processing; PentaG-RAN, an open ran platform for base station and radio; and PentaG2 – 5G NR modem platform for UE, as well as for non-handset 5G vertical markets, such as fixed wireless access, industry 4.0, robotics, and AR/VR devices.
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