Analysts predict that CEVA, Inc. (NASDAQ:CEVA) will announce sales of $24.11 million for the current quarter, according to Zacks. Three analysts have made estimates for CEVA’s earnings. The lowest sales estimate is $23.90 million and the highest is $24.42 million. CEVA posted sales of $21.40 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.7%. The firm is expected to issue its next quarterly earnings results on Wednesday, February 12th.
According to Zacks, analysts expect that CEVA will report full-year sales of $82.92 million for the current financial year, with estimates ranging from $82.70 million to $83.26 million. For the next financial year, analysts anticipate that the company will post sales of $83.54 million, with estimates ranging from $81.00 million to $86.00 million. Zacks’ sales averages are an average based on a survey of research firms that cover CEVA.
CEVA (NASDAQ:CEVA) last issued its earnings results on Thursday, November 7th. The semiconductor company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.19. The company had revenue of $23.50 million for the quarter, compared to the consensus estimate of $22.72 million. CEVA had a negative net margin of 0.91% and a positive return on equity of 0.94%. CEVA’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share.
Shares of CEVA stock traded up $0.46 during mid-day trading on Friday, hitting $26.19. The stock had a trading volume of 5,452 shares, compared to its average volume of 131,554. The firm has a 50-day moving average of $27.23 and a two-hundred day moving average of $27.30. The firm has a market cap of $565.80 million, a P/E ratio of 239.36, a price-to-earnings-growth ratio of 129.60 and a beta of 1.45. The company has a quick ratio of 6.80, a current ratio of 6.80 and a debt-to-equity ratio of 0.03. CEVA has a 12-month low of $20.40 and a 12-month high of $33.16.
A number of institutional investors have recently bought and sold shares of the stock. US Bancorp DE lifted its holdings in CEVA by 976.6% in the 2nd quarter. US Bancorp DE now owns 1,658 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 1,504 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of CEVA by 324.6% during the second quarter. Bank of Montreal Can now owns 2,412 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 1,844 shares during the period. Tyers Asset Management LLC boosted its position in CEVA by 10.4% during the second quarter. Tyers Asset Management LLC now owns 3,552 shares of the semiconductor company’s stock worth $87,000 after acquiring an additional 336 shares during the last quarter. Elkfork Partners LLC grew its holdings in CEVA by 10.4% in the 2nd quarter. Elkfork Partners LLC now owns 4,884 shares of the semiconductor company’s stock valued at $119,000 after buying an additional 462 shares during the period. Finally, Strs Ohio acquired a new position in shares of CEVA during the 3rd quarter valued at about $185,000. Hedge funds and other institutional investors own 82.90% of the company’s stock.
CEVA, Inc licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of-Things (IoT) markets worldwide. The company licenses a family of signal processing intellectual properties (IPs), including platforms for 5G baseband processing in handsets and base station RAN; integrated cellular IoT solutions; digital signal processor (DSP) platforms incorporating voice input algorithms and software for voice enabled devices; and DSP platforms for advanced imaging and computer vision in various camera-enabled devices, as well as a family of self-contained artificial intelligent (AI) processors that address a range of edge applications.
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