CEVA (CEVA) Projected to Post Earnings on Thursday

CEVA (NASDAQ:CEVA) is expected to be releasing its earnings data before the market opens on Thursday, February 13th. Analysts expect CEVA to post earnings of $0.11 per share and revenue of $27.52 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

CEVA Stock Performance

Shares of CEVA stock opened at $32.73 on Tuesday. CEVA has a fifty-two week low of $16.02 and a fifty-two week high of $34.71. The firm has a market capitalization of $773.41 million, a price-to-earnings ratio of -233.77 and a beta of 1.25. The stock has a 50 day moving average of $32.32 and a 200 day moving average of $27.02.

Wall Street Analysts Forecast Growth

CEVA has been the subject of several recent research reports. Roth Mkm raised their price objective on shares of CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Rosenblatt Securities upped their price objective on CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. StockNews.com cut CEVA from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Northland Securities upped their price target on CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, December 23rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

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.