CEVA (CEVA) to Release Earnings on Wednesday

CEVA (NASDAQ:CEVA) is projected to post its quarterly earnings results before the market opens on Wednesday, February 12th. Analysts expect CEVA to post earnings of $0.11 per share and revenue of $27.52 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

CEVA Price Performance

Shares of CEVA stock opened at $32.08 on Wednesday. The company has a market cap of $758.05 million, a price-to-earnings ratio of -229.13 and a beta of 1.25. The stock has a 50 day simple moving average of $32.06 and a 200-day simple moving average of $26.74. CEVA has a 1-year low of $16.02 and a 1-year high of $34.71.

Analysts Set New Price Targets

Several brokerages recently commented on CEVA. Rosenblatt Securities boosted their price target on CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Roth Mkm boosted their price target on CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Northland Securities boosted their price target on CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, December 23rd. Finally, StockNews.com cut CEVA from a “buy” rating to a “hold” rating in a report on Friday, November 15th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.