CEVA (CEVA) Scheduled to Post Quarterly Earnings on Thursday

CEVA (NASDAQ:CEVA) is scheduled to issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

CEVA (NASDAQ:CEVA) last posted its earnings results on Wednesday, February 14th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. The company had revenue of $24.16 million during the quarter, compared to analysts’ expectations of $24.32 million. CEVA had a negative net margin of 11.52% and a negative return on equity of 5.30%. CEVA’s quarterly revenue was down 20.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.05 EPS. On average, analysts expect CEVA to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CEVA Stock Down 1.0 %

CEVA stock opened at $20.78 on Wednesday. CEVA has a twelve month low of $16.38 and a twelve month high of $27.65. The stock has a market cap of $489.99 million, a P/E ratio of -40.75 and a beta of 1.17. The company’s 50-day moving average price is $21.91 and its two-hundred day moving average price is $21.44.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CEVA. TD Cowen lifted their target price on CEVA from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Rosenblatt Securities reissued a “buy” rating and set a $28.00 price target on shares of CEVA in a research report on Tuesday, February 13th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, CEVA has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Insider Transactions at CEVA

In other news, Director Louis Silver sold 4,730 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $23.19, for a total value of $109,688.70. Following the sale, the director now directly owns 40,576 shares in the company, valued at approximately $940,957.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.40% of the stock is owned by insiders.

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.