CEVA (CEVA) Releases Earnings Results, Beats Expectations By $0.02 EPS

CEVA (CEVA) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.21 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.19. The company posted revenue of $17.10 million in the period, compared to analysts expectations of $17.15 million. The company’s revenue was up 27.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

Many Wall Street Analysts have commented on CEVA. Company shares were Reiterated by Wunderlich on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 33 from a previous price target of $30 .

CEVA closed down -0.49 points or -1.65% at $29.18 with 1,35,214 shares getting traded on Tusday. Post opening the session at $29.53, the shares hit an intraday low of $29.15 and an intraday high of $29.68 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on May 26, 2016, Sven Christer Nilsson (director) sold 9,750 shares at $27.03 per share price. According to the SEC, on May 26, 2016, Yaniv Arieli (Chief Financial Officer) sold 35,732 shares at $27.25 per share price. On May 26, 2016, Gideon Wertheizer (Chief Executive Officer) sold 8,684 shares at $27.43 per share price, according to the Form-4 filing with the securities and exchange commission.

CEVA Inc. is a licensor of cellular multimedia and connectivity technologies to semiconductor companies and original equipment manufacturers (OEMs) serving the mobile consumer automotive and Internet of things (IoT) markets. The Company licenses a family of programmable digital signal processing (DSP) cores and application-specific platforms vision imaging audio and voice as well as communications technologies including wireless and wired modems Wi-Fi Bluetooth and Serial ATA (SATA) and Serial Attached SCSI (SAS). Its DSP intellectual property (IP) portfolio includes platforms for multimode 2G/3G /LTE/LTE-A baseband processing in cellular and infrastructure computer vision and computational photography for camera-enabled device audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. For connectivity the Company offers IPs for Bluetooth (Smart and Smart Ready) Wi-Fi (802.11 b/g/n/ac up to 4×4) and serial storage (SATA and SAS).


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