CEVA Inc. (CEVA)
CEVA Inc. is a leading licensor of wireless connectivity and smart sensing technologies, providing intellectual property (IP) solutions for a wide range of applications including mobile, consumer, IoT, automotive, and industrial markets. The company's portfolio includes connectivity, audio, voice, and machine learning IPs, enabling semiconductor and device manufacturers to develop high-performance, power-efficient products. Established in 2002, CEVA has built a reputation for delivering innovative and scalable solutions that support the evolution of connected devices.
Company News
Ceva, a financial services company, reported a 10% year-over-year increase in revenue for the first quarter, but missed analyst expectations on both revenue and profitability. The company also lowered its revenue and profitability guidance for 2025, leading to a stock price decline of over 25% week-to-date.
Jim Cramer expressed his enthusiasm for space exploration and Tesla, but was not keen on recommending Ford's stock. He also shared his thoughts on CEVA, Schlumberger, and Vistra.
The poultry vaccines market is projected to grow from $2.1 billion in 2023 to $4.1 billion by 2031, driven by the rising prevalence of poultry diseases. Advancements in vectored and combination vaccines are expected to be key market trends.
Ceva (CEVA) delivered earnings and revenue surprises of -266.67% and 4.27%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
