For its third fiscal quarter (ending September 30), Ceva Inc (NASDAQ: CEVA) has reported E.P.S. of $-0.12 compared to $-0.89 a year ago. This performance was $-0.16 short of the consensus estimate of $0.04. E.P.S. were $-0.36 for the latest four quarters through September 30 versus $-0.62 for the same period a year ago.
Recent Price Action
On 11/8/23, Ceva Inc (NASDAQ: CEVA) stock suffered a large decline of -3.6%, closing at $19.68. Relative to the market the stock has been extremely weak over the last nine months but has risen 14.6% during the last week.
Current PriceTarget Research Rating
CEVA’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Ceva has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Ceva has a poor Appreciation Score of 15 and a very low Power Rating of 12, triggering the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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