
CEVA (CEVA) Stock Forecast & Price Target
CEVA (CEVA) Analyst Ratings
Bulls say
CEVA Inc. demonstrated robust financial performance with a 33% year-over-year increase in licensing revenue, driven by significant partnerships within both the WiFi and cellular connectivity sectors. The company's fourth-quarter revenue of $29.2 million not only surpassed guidance but also represented a 21% increase year-over-year, reflecting strong demand and successful deal closures for its advanced signal-processing intellectual property. Looking ahead, management projects continued momentum with expectations of doubled Non-GAAP EPS in 2024 and a healthy backlog that supports growth across key markets, including Wi-Fi, Bluetooth, cellular IoT, and mobile technologies.
Bears say
CEVA Inc's first quarter fiscal year 2025 guidance of revenue between $25.5 million and $27.5 million indicates a seasonal decline compared to the previous quarter, although it demonstrates growth relative to the same quarter in the prior year. The company's non-GAAP gross margin guidance of approximately 88% falls below consensus estimates, signaling potential challenges in maintaining profitability due to a decrease in royalty revenue tied to seasonal trends and elevated design activities for a strategic customer. This situation underscores the persistent headwinds from inventory management and weak end demand, contributing to a negative outlook on CEVA's stock performance.
This aggregate rating is based on analysts' research of CEVA and is not a guaranteed prediction by Public.com or investment advice.
CEVA (CEVA) Analyst Forecast & Price Prediction
Start investing in CEVA (CEVA)
Order type
Buy in
Order amount
Est. shares
0 shares