Ceva jumps on higher fourth-quarter revenue
15/02/2022 15:34
** CEVA Inc CEVA.O rises as much as 7% to $39.78
** The licensor of wireless connectivity and smart sensing
technologies reports a 21% jump in Q4 revenue to $34.06 mln,
beating Refinitiv IBES estimates of $32.63 mln
** Adjusted earnings of 22 cents per share also beats
estimates of 19 cents urn:newsml:reuters.com:*:nL8N2UQ549
** Five of 7 analysts rate the stock "buy" or higher, 2 rate
it "hold"; median target price is $58 since November last year -
Refinitiv data
** Stock has declined nearly 9% YTD, including session moves
(Reporting by Mehnaz Yasmin in Bengaluru)
((Mehnaz.Yasmin@thomsonreuters.com))