CEVA, Inc. (NASDAQ:CEVA) specialized semiconductor processing outfit, is expected to report third quarter earnings results, before market open, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.11 per share.
Looking ahead, the full year income are expected at $ 0.49 per share on the revenues of $ 94.09 million.
Previous Quarter Performance
CEVA, Inc. communicated income for the second quarter of $ 0.12 per share, from the revenue of $ 23.61 million. The quarterly earnings escalated 140.00 percent compared with the same quarter last year. Wall street analysts are predicting, CEVA to report 2Q20 income of $ 0.04 per share from revenue of $ 20.78 million. The bottom line results beat street analysts by $ 0.08 or 200.00 percent, at the same time, top line results outshined analysts by $ 2.83 million or 13.62 percent.
Stock Performance
Shares of CEVA, Inc. traded up $ 1.43 or 3.48 percent on Wednesday, reaching $ 42.48 with volume of 83.20 thousand shares. CEVA, Inc. has traded high as $ 42.54 and has cracked $ 40.84 on the downward trend
The closing price of $ 42.48, representing a 100.73 % increase from the 52 week low of $ 20.45 and a 11.72 % decrease over the 52 week high of $ 46.50.
The company has a market capital of $ 941.31 million and is part of the Technology sector and Semiconductors industry.
Conference Call
CEVA, Inc. will be hosting a conference call at 8:30 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ceva-dsp.com
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.
