CEVA (CEVA) Set to Announce Earnings on Monday

CEVA (NASDAQ:CEVA) will be announcing its earnings results before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of ($0.06) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

CEVA (NASDAQ:CEVA) last released its earnings results on Wednesday, February 13th. The semiconductor company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.08. The company had revenue of $21.40 million during the quarter, compared to analysts’ expectations of $22.07 million. CEVA had a return on equity of 1.00% and a net margin of 0.74%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. On average, analysts expect CEVA to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CEVA opened at $24.60 on Monday. The company has a market capitalization of $540.54 million, a PE ratio of 223.64 and a beta of 1.74. CEVA has a 52 week low of $20.40 and a 52 week high of $35.00.

In related news, EVP Issachar Ohana sold 6,670 shares of CEVA stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $28.00, for a total value of $186,760.00. Following the completion of the sale, the executive vice president now owns 34,616 shares of the company’s stock, valued at $969,248. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.00% of the company’s stock.

A number of analysts have commented on the company. BidaskClub lowered CEVA from a “buy” rating to a “hold” rating in a report on Friday, March 1st. ValuEngine lowered CEVA from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Canaccord Genuity reissued a “buy” rating and issued a $35.00 target price (down previously from $41.00) on shares of CEVA in a report on Wednesday, February 13th. Exane BNP Paribas lowered CEVA from an “outperform” rating to a “neutral” rating in a report on Wednesday, April 17th. Finally, Cowen reduced their target price on CEVA from $35.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday, February 14th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $33.43.

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CEVA Company Profile

CEVA, Inc licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of-Things (IoT) markets worldwide. The company licenses a family of signal processing intellectual properties (IPs), including platforms for 5G baseband processing in handsets and base station RAN; integrated cellular IoT solutions; digital signal processor (DSP) platforms incorporating voice input algorithms and software for voice enabled devices; and DSP platforms for advanced imaging and computer vision in various camera-enabled devices, as well as a family of self-contained artificial intelligent (AI) processors that address a range of edge applications.

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Earnings History for CEVA (NASDAQ:CEVA)

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