CEVA Inc.
CEVACEVA 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 announced a secondary stock offering of 3 million shares at $19.50 per share, causing its stock price to drop over 22% for the week due to potential shareholder dilution.
Ceva, Inc. announced a public offering of 3,000,000 shares at $19.50 per share, expecting to raise approximately $58.5 million to fund potential acquisitions, investments, and general corporate purposes.
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?
