CEVA (CEVA) Set to Announce Quarterly Earnings on Thursday

CEVA (NASDAQ:CEVA) 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 wish to register for the company’s earnings conference call can do so using this link.

CEVA (NASDAQ:CEVA) last released its quarterly earnings results on Wednesday, February 14th. The semiconductor company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. The business had revenue of $24.16 million during the quarter, compared to analysts’ expectations of $24.32 million. CEVA had a negative return on equity of 5.30% and a negative net margin of 11.52%. The company’s revenue was down 20.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 EPS. On average, analysts expect CEVA to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CEVA Trading Down 1.0 %

Shares of CEVA opened at $20.78 on Wednesday. The company’s 50-day moving average price is $21.91 and its 200 day moving average price is $21.44. CEVA has a 12-month low of $16.38 and a 12-month high of $27.65. The firm has a market cap of $489.99 million, a P/E ratio of -40.75 and a beta of 1.17.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. TD Cowen upped their price objective on shares of CEVA from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Rosenblatt Securities reissued a “buy” rating and issued a $28.00 price objective on shares of CEVA in a research note on Tuesday, February 13th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

Insider Buying and Selling

In other CEVA news, Director Louis Silver sold 4,730 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $23.19, for a total value of $109,688.70. Following the sale, the director now owns 40,576 shares of the company’s stock, valued at $940,957.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is currently owned by corporate insiders.

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.