CEVA (CEVA) Expected to Announce Quarterly Earnings on Thursday

CEVA (NASDAQ:CEVA - Get Free Report) is projected to release 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. Persons interested in participating in the company's earnings conference call can do so using this link.

CEVA Price Performance

Shares of CEVA traded down $1.32 during midday trading on Friday, reaching $32.81. The stock had a trading volume of 273,019 shares, compared to its average volume of 341,120. CEVA has a 52 week low of $16.02 and a 52 week high of $34.71. The firm's 50 day moving average price is $32.32 and its 200-day moving average price is $26.93. The company has a market capitalization of $775.30 million, a P/E ratio of -234.34 and a beta of 1.25.

Analysts Set New Price Targets

A number of research firms have recently commented on CEVA. Roth Mkm boosted their price objective on CEVA from $25.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. StockNews.com lowered CEVA from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Northland Securities boosted their target price on CEVA from $31.00 to $35.00 and gave the stock an "outperform" rating in a research report on Monday, December 23rd. Finally, Rosenblatt Securities boosted their target price on CEVA from $28.00 to $35.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.