CEVA (CEVA) Expected to Announce Quarterly Earnings on Thursday

CEVA (NASDAQ:CEVA) is projected to release its earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.11 per share and revenue of $27.52 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

CEVA Stock Performance

Shares of NASDAQ:CEVA opened at $32.15 on Wednesday. The company has a market capitalization of $759.70 million, a P/E ratio of -229.63 and a beta of 1.25. The company’s 50-day moving average is $32.39 and its 200 day moving average is $27.11. CEVA has a fifty-two week low of $16.02 and a fifty-two week high of $34.71.

Wall Street Analysts Forecast Growth

CEVA has been the subject of a number of research reports. Northland Securities increased their target price on shares of CEVA from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, December 23rd. Rosenblatt Securities reissued a “buy” rating and set a $35.00 price objective on shares of CEVA in a report on Tuesday. StockNews.com lowered CEVA from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Roth Mkm lifted their price objective on CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from 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.