CEVA (CEVA) to Release Quarterly Earnings on Thursday

CEVA (NASDAQ:CEVA) is scheduled to issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

CEVA (NASDAQ:CEVA) last issued its earnings results on Wednesday, August 7th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.14. CEVA had a negative net margin of 7.02% and a negative return on equity of 3.77%. The business had revenue of $28.44 million for the quarter, compared to analysts’ expectations 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 $24.42 on Thursday. The company’s fifty day simple moving average is $24.04 and its two-hundred day simple moving average is $21.39. CEVA has a 1 year low of $16.02 and a 1 year high of $25.74. The stock has a market capitalization of $578.41 million, a price-to-earnings ratio of -86.34 and a beta of 1.19.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CEVA shares. Roth Mkm raised shares of CEVA from a “neutral” rating to a “buy” rating and boosted their target price for the company from $20.00 to $25.00 in a report on Thursday, August 8th. StockNews.com cut shares of CEVA from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Finally, Oppenheimer boosted their target price on shares of CEVA from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.50.

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.