Revenue Update on CEVA(NASDAQ:CEVA)

CEVA(NASDAQ:CEVA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $17.10M. Analysts estimated a revenue of $17.10M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.19.

CEVA (CEVA) shares turned negative on Fridays trading session with the shares closing down -0.1 points or -0.32% at a volume of 43,337. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.31. The peak price level was also seen at $31.31 while the days lowest was $30.9. Finally the shares closed at $31.03. The 52-week high of the shares is $32.725 while the 52-week low is $17.105. According to the latest information available, the market cap of the company is $650 M.

Several Insider Transactions has been reported to the SEC. On May 26, 2016, Sven Christer Nilsson (director) sold 9,750 shares at $27.03 per share price.Also, On May 26, 2016, Yaniv Arieli (Chief Financial Officer) sold 35,732 shares at $27.25 per share price.On May 26, 2016, Gideon Wertheizer (Chief Executive Officer) sold 8,684 shares at $27.43 per share price, according to the Form-4 filing with the securities and exchange commission.

CEVA Inc. is a licensor of cellular multimedia and connectivity technologies to semiconductor companies and original equipment manufacturers (OEMs) serving the mobile consumer automotive and Internet of things (IoT) markets. The Company licenses a family of programmable digital signal processing (DSP) cores and application-specific platforms vision imaging audio and voice as well as communications technologies including wireless and wired modems Wi-Fi Bluetooth and Serial ATA (SATA) and Serial Attached SCSI (SAS). Its DSP intellectual property (IP) portfolio includes platforms for multimode 2G/3G /LTE/LTE-A baseband processing in cellular and infrastructure computer vision and computational photography for camera-enabled device audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. For connectivity the Company offers IPs for Bluetooth (Smart and Smart Ready) Wi-Fi (802.11 b/g/n/ac up to 4×4) and serial storage (SATA and SAS).

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