CEVA (NASDAQ:CEVA) is scheduled to post its quarterly earnings results before the market opens on Tuesday, January 30th.
CEVA (NASDAQ:CEVA) last released its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.08. The company had revenue of $24.00 million for the quarter, compared to analysts’ expectations of $21.56 million. CEVA had a return on equity of 10.01% and a net margin of 24.33%. The business’s revenue for the quarter was up 34.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 earnings per share. On average, analysts expect CEVA to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of CEVA (NASDAQ:CEVA) opened at $43.75 on Monday. The firm has a market capitalization of $942.73, a P/E ratio of 50.87, a PEG ratio of 2.42 and a beta of 0.75. CEVA has a twelve month low of $32.25 and a twelve month high of $51.80.
In related news, Director Sven Christer Nilsson sold 27,285 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $47.50, for a total transaction of $1,296,037.50. Following the sale, the director now owns 28,282 shares of the company’s stock, valued at $1,343,395. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eliyahu Ayalon sold 9,215 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $46.00, for a total value of $423,890.00. Following the sale, the director now directly owns 11,586 shares in the company, valued at approximately $532,956. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,682 shares of company stock worth $3,257,929. 3.90% of the stock is owned by corporate insiders.
A number of equities research analysts have recently weighed in on the company. Canaccord Genuity reaffirmed a “buy” rating and set a $53.00 price target (down previously from $54.00) on shares of CEVA in a report on Tuesday, October 3rd. Oppenheimer cut CEVA from an “outperform” rating to a “hold” rating in a report on Wednesday, January 24th. They noted that the move was a valuation call. Zacks Investment Research cut CEVA from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, UBS Group cut CEVA from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $47.83.
TRADEMARK VIOLATION NOTICE: This article was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://www.dispatchtribunal.com/2018/01/29/ceva-ceva-set-to-announce-earnings-on-tuesday.html.
CEVA Company Profile
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).
Receive News & Ratings for CEVA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEVA and related companies with MarketBeat.com's FREE daily email newsletter.