CEVA (CEVA) Set to Announce Earnings on Thursday

CEVA (NASDAQ:CEVA) will release its earnings data before the market opens on Thursday, November 7th. Analysts expect CEVA to post earnings of $0.09 per share for the quarter. Persons that wish to register for the company’s conference call can do so using this link.

CEVA (NASDAQ:CEVA) last released its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.14. CEVA had a negative return on equity of 3.77% and a negative net margin of 7.02%. The firm had revenue of $28.44 million during the quarter, compared to analyst estimates of $24.47 million. On average, analysts expect CEVA to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CEVA Price Performance

Shares of CEVA stock opened at $23.91 on Wednesday. The stock’s 50-day moving average is $24.01 and its 200 day moving average is $21.54. CEVA has a 1-year low of $16.02 and a 1-year high of $25.74. The company has a market cap of $566.43 million, a P/E ratio of -82.45 and a beta of 1.20.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CEVA. StockNews.com cut shares of CEVA from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Oppenheimer lifted their price target on shares of CEVA from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Rosenblatt Securities reiterated a “buy” rating and set a $28.00 price objective on shares of CEVA in a report on Thursday, October 31st. Finally, Roth Mkm upgraded CEVA from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $20.00 to $25.00 in a research note on Thursday, August 8th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.50.

CEVA Company Profile

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.