Last $15.25 USD
Change Today -0.18 / -1.17%
Volume 68.1K
As of 8:10 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

ceva inc (CEVA) Snapshot

Open
$15.40
Previous Close
$15.43
Day High
$15.40
Day Low
$15.14
52 Week High
07/15/13 - $21.10
52 Week Low
10/9/13 - $13.49
Market Cap
320.0M
Average Volume 10 Days
110.3K
EPS TTM
$0.30
Shares Outstanding
21.0M
EX-Date
--
P/E TM
50.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for CEVA INC (CEVA)

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ceva inc (CEVA) Details

CEVA, Inc. is engaged in licensing silicon intellectual property (SIP) digital signal processors (DSP) cores and DSP-based platforms worldwide. It designs and licenses DSP cores in the form of a hardware description language definition; DSP-based platforms for cellular, Wi-Fi and satellite baseband, audio and voice, DTV demodulation, computational photography, and computer vision; platform solutions for Bluetooth and serial storage technology; and development platforms, software development kits, and software debug tools that facilitate system design, debug, and software development. The company’s intellectual property (IP) is incorporated into application-specific integrated circuits and application-specific standard products by semiconductor and original equipment manufacturer companies. Its IP is primarily deployed in markets, such as smartphones, mobile computing tablets, notebooks, and machine-to-machine modules; smart TVs, set-top boxes, and home gateways; and wireless infrastructure, storage, VoIP, and smart grid markets. CEVA, Inc. markets its technology through a direct sales force. It has a collaboration agreement with Semiconductor Manufacturing International Corporation to provide hard macro versions of CEVA, Inc.'s DSP cores to reduce the risk and design cycle time for SoC projects. The company was formerly known as ParthusCeva, Inc. and changed its name to CEVA, Inc. in December 2003. CEVA, Inc. was founded in 1999 and is headquartered in Mountain View, California.

194 Employees
Last Reported Date: 05/12/14
Founded in 1999

ceva inc (CEVA) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $327.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $215.3K
Executive Vice President of Worldwide Sales
Total Annual Compensation: $263.0K
Compensation as of Fiscal Year 2013.

ceva inc (CEVA) Key Developments

RivieraWaves, CEVA Inc. - M&A Call

To discuss the acquisition of RivieraWaves

CEVA Unveils Bluetooth Solution for CEVA-TeakLite-4 DSP Targeting Low Power, Always-On, Smart Connected Devices

CEVA Inc. announced that the CEVA-TeakLite-4 DSP is now handling the processing load of Bluetooth, in addition to audio, voice and sensing technologies, thereby dramatically lowering the cost, complexity and power consumption of chip designs targeting smartphones, the Internet of Things (IoT), wearables and wireless audio devices. Leveraging new instructions and interfaces added to the recently introduced multifunctional CEVA-TeakLite-4 v2 architecture, the DSP now runs CEVA-Bluetooth connectivity (Classic or Low Energy) in addition to a broad range of audio and voice software packages, 'always-on' user interface (UI) functions such as voice triggering and face activation, and a full suite of sensor-fusion capabilities, all on a single core. The Internet of Things comprises a multitude of devices, technologies and form factors, with many use cases and requirements. The CEVA-TeakLite-4 specifically targets user-centric IoT devices, where natural user interface, audio playback and voice communication represent key attributes of the device. This can include for example, voice activation, face triggering and other 'always-on' functionality in a smartphone, smart watch, smart home controller or wireless speakers. The ultra-low power nature of the CEVA-TeakLite-4 DSP ensures that these 'always-on' features consume minimal battery life. All of this functionality can run concurrently on the DSP without the need for a host CPU, reducing the die size and lowering power consumption of the overall device. Illustrating this, a real-life use case implementing Bluetooth Low Energy, always-on UI and sensor fusion on the CEVA-TeakLite-4 DSP requires less than 150K gates and consumes less than 150uW when implemented in a 28nm process. The CEVA-TeakLite-4 is now capable of supporting the following on a single core: Bluetooth 4.1 (Classic and Low Energy), Always-on functionality like voice trigger, face detection, HD audio playback and post-processing, Voice communication and noise-reduction, Sensor fusion (context awareness), and Android Multimedia Framework (AMF), supporting the offload of various processing elements from the CPU onto the DSP under an Android OS (including KitKat). In addition, CEVA-TeakLite-4 also offers customers ample headroom to add functionality such as GNSS navigation and Wi-Fi connectivity, or add proprietary/3rd party software to further differentiate their solution.

Ceva Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter of 2014

CEVA Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2014. For the quarter, total revenues were $13,674,000 against $12,116,000 a year ago. Operating income was $2,133,000 against $1,309,000 a year ago. Income before taxes on income was $2,593,000 against $2,038,000 a year ago. Net income was $1,985,000 against $1,705,000 a year ago. Basic and diluted net income per share was $0.09 against $0.08 a year ago. Non-GAAP net income was $3,363,000 against $2,906,000 a year ago. Non-GAAP diluted net income per share was $0.16 against $0.13 a year ago. Strong results were driven by licensing revenues and included two comprehensive agreements with key players in network infrastructure and smartphone chipsets. The revenue breakdown is as follows; licensing related revenue of $7.9 million, reflecting 58% of total revenue. This is 57% higher on a yearly basis. Royalty revenue was $5.8 million, reflecting 42% of total revenue, down 19% on a yearly basis. Total OpEx included an aggregated equity based compensation expense of approximately $1.4 million. operating cash flow for the quarter was $4.8 million, OpEx $100,000 and depreciation around $200,000. Non-GAAP net income and diluted earnings per share for the first quarter of 2014 and 2013 excluded an aggregate equity-based compensation expense, net of taxes, of $1.4 million and $1.2 million, respectively. Revenue for the second quarter is expected to be in the range of $10 million to $11 million. Gross margin is expected to be approximately 90% on GAAP and 91% on non-GAAP basis excluding equity-based compensation expenses. Operating expenses, including equity-based compensation expense, are expected to be similar to the first quarter, in the range of $9.8 million to $10.8 million. Of anticipated total OpEx for the second quarter, $1.3 million is expected to be attributed to equity-based compensation expense. Non-GAAP OpEx is expected to be in the range of $8.5 million to $9.5 million. Net interest income is expected to remain low and anticipated earlier about $450,000 per quarter due to lower yields. Tax rate for the second quarter is anticipated to be approximately 16% on a GAAP and non-GAAP basis. U.S GAAP loss per share is expected to be in the range of $0.02 to $0.00 per share. And non-GAAP EPS excluding aggregate of $1.3 million of equity-based compensation expenses net of taxes is expected to be in the range of $0.03 to $0.05 of earnings per share. The company expects to decrease OpEx due to Israeli R&D grant payments of approximately $600,000 either in the second or third quarter of 2014.

 

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Industry Analysis

CEVA

Industry Average

Valuation CEVA Industry Range
Price/Earnings 48.6x
Price/Sales 6.4x
Price/Book 1.7x
Price/Cash Flow 45.9x
TEV/Sales 3.7x
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