CEVA (NASDAQ:CEVA - Get Free Report) is set 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 that are interested in participating in the company's conference call can do so using this link.
CEVA (NASDAQ:CEVA - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.14. CEVA had a negative return on equity of 3.77% and a negative net margin of 7.02%. The company 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 Trading Down 4.4 %
NASDAQ:CEVA traded down $1.09 during mid-day trading on Thursday, reaching $23.34. The company's stock had a trading volume of 140,623 shares, compared to its average volume of 150,078. The stock has a market cap of $552.71 million, a P/E ratio of -84.21 and a beta of 1.19. The firm's fifty day moving average price is $24.04 and its two-hundred day moving average price is $21.41. CEVA has a 12-month low of $16.02 and a 12-month high of $25.74.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on CEVA shares. Roth Mkm upgraded CEVA from a "neutral" rating to a "buy" rating and raised their price target for the stock from $20.00 to $25.00 in a research note on Thursday, August 8th. Rosenblatt Securities reissued a "buy" rating and issued a $28.00 price objective on shares of CEVA in a report on Thursday. Oppenheimer upped 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. Finally, StockNews.com cut shares of CEVA from a "buy" rating to a "hold" rating in a research note on Wednesday, August 21st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $28.50.
Read Our Latest Research Report on CEVA
About CEVA
(
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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.
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