CEVA (CEVA) Receives Media Impact Score of 0.11

Media coverage about CEVA (NASDAQ:CEVA) has trended somewhat positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CEVA earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 46.5831753300585 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news articles that may have impacted Accern’s analysis:

Shares of CEVA (CEVA) traded down $0.20 on Friday, reaching $46.00. The company’s stock had a trading volume of 61,100 shares, compared to its average volume of 164,081. CEVA has a 52-week low of $28.35 and a 52-week high of $49.50. The company has a market cap of $1,015.24, a P/E ratio of 51.33, a price-to-earnings-growth ratio of 3.00 and a beta of 0.77.

CEVA (NASDAQ:CEVA) last issued its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.08. The firm had revenue of $24.00 million during the quarter, compared to the consensus estimate of $21.56 million. CEVA had a return on equity of 9.02% and a net margin of 21.89%. 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 EPS. sell-side analysts expect that CEVA will post 0.77 earnings per share for the current fiscal year.

Several research firms recently commented on CEVA. BidaskClub downgraded CEVA from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Canaccord Genuity lifted their price objective on CEVA from $45.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research downgraded CEVA from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Finally, Roth Capital lifted their price objective on CEVA from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. CEVA has a consensus rating of “Buy” and an average price target of $46.71.

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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).

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