
CEVA (CEVA) Stock Forecast & Price Target
CEVA (CEVA) Analyst Ratings
Bulls say
CEVA Inc. reported a robust licensing revenue growth of 33% year-over-year, driven by significant collaborations with major OEMs in the WiFi and cellular connectivity sectors. The company exceeded its revenue guidance for the fourth quarter, achieving $29.2 million, representing a 21% increase year-over-year, alongside expectations for continued growth in the first quarter. With a healthy backlog and anticipated strong market penetration in various technologies, management projects double Non-GAAP EPS for full-year 2024 compared to 2023, indicating a positive outlook for revenue and profitability driven by increased demand for CEVA's intellectual property products.
Bears say
CEVA Inc. has indicated expectations for a Q1FY25 revenue range of $25.5M to $27.5M, representing a seasonal decline from Q4 and minimal improvement relative to Q1 2024, which may not sufficiently reflect ongoing inventory headwinds and weaker end-market demand. The company's guidance for non-GAAP gross margin is projected at ~88%, which falls short of both consensus expectations and prior estimates, highlighting the impact of reduced royalty revenue and design activities. Despite management's assertion of continued growth compared to the prior year, these factors contribute to an overall negative outlook, as the anticipated sequential revenue decline raises concerns about the company's recovery trajectory in light of current market conditions.
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
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