CEVA, Inc. (CEVA) Set to Announce Earnings on Tuesday
CEVA, Inc. (NASDAQ:CEVA) will release its earnings data before the market opens on Tuesday, October 31st. Analysts expect CEVA to post earnings of $0.28 per share for the quarter.
CEVA (NASDAQ:CEVA) last issued its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. CEVA had a net margin of 20.52% and a return on equity of 8.24%. The company had revenue of $20.57 million during the quarter, compared to analysts’ expectations of $19.66 million. During the same quarter last year, the company posted $0.21 EPS. The firm’s revenue was up 20.3% compared to the same quarter last year. On average, analysts expect CEVA to post $0.77 EPS for the current fiscal year and $1.05 EPS for the next fiscal year.
CEVA, Inc. (NASDAQ:CEVA) opened at 45.65 on Tuesday. The firm has a 50-day moving average of $42.81 and a 200 day moving average of $42.59. CEVA, Inc. has a 12 month low of $28.15 and a 12 month high of $49.50. The stock has a market cap of $1.00 billion, a PE ratio of 60.38 and a beta of 0.71.
CEVA has been the topic of a number of recent research reports. Canaccord Genuity restated a “buy” rating and issued a $45.00 price target on shares of CEVA in a research report on Tuesday, July 11th. BidaskClub cut shares of CEVA from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Roth Capital increased their price objective on shares of CEVA from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research cut shares of CEVA from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $46.57.
CEVA, Inc (CEVA) is a licensor of signal processing intellectual property (IP). The Company partners with semiconductor companies and original equipment manufacturers (OEMs) to create connected devices for a range of end markets, including mobile, consumer, automotive, industrial and Internet of things (IoT).
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