Israeli chip designer Ceva predicts non-phone upturn after profit dip [Reuters]
CEVA, Inc. (CEVA)
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Source: Reuters
Israeli chip designer Ceva predicts non-phone upturn after profit dip - Reuters 2 Min Read TEL AVIV (Reuters) - Israeli chip designer Ceva Inc missed expectations with a drop in quarterly profit on reduced handset royalty revenue but forecast improving returns from other market segments. Ceva signed eight licensing agreements in the quarter, including three with companies targeting 5G networking and a strategic artificial intelligence licensing agreement with a major automotive manufacturer, the company said. “Our royalty revenue from handsets suffered substantial headwinds due to excess channel inventory,” said CEO Gideon Wertheizer. “Royalties from our non-handset customer base continued to expand, delivering 22 percent year-over-year growth.” Licensing revenue rose 9 percent in the quarter to $11 million, while royalty revenue fell 20 percent to $7.5 million. Ceva earned 1 cent per diluted share excluding one-off items in the first quarter, compared with 4 cents a year earlier. Rev
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CEVA
News
- Ceva-NeuPro-Nano Wins Product of the Year Award at Prestigious EE Awards Asia Event [Yahoo! Finance]Yahoo! Finance
- Ceva-NeuPro-Nano Wins Product of the Year Award at Prestigious EE Awards Asia EventPR Newswire
- CEVA, Inc. (NASDAQ: CEVA) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Ceva, Inc. To Participate at Upcoming Investor EventsPR Newswire
- CEVA, Inc. (NASDAQ: CEVA) had its price target raised by analysts at Rosenblatt Securities from $28.00 to $35.00. They now have a "buy" rating on the stock.MarketBeat
CEVA
Earnings
- 11/7/24 - Beat
CEVA
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form 10-Q
- 11/8/24 - Form SC
- CEVA's page on the SEC website