Key Developments: CEVA Inc (CEVA.O)
16.20USD
24 May 2013
$-0.18 (-1.10%)
$16.38
$16.29
$16.49
$16.12
125,901
116,510
$19.06
$12.96
Latest Key Developments (Source: Significant Developments)
CEVA Inc Q2 2013 Guidance In Line With Analysts' Estimates-Conference Call
CEVA Inc expects revenue for the second quarter of 2013 to be in the range of $11.5-$12.5 million, GAAP EPS is expected to be in the range of $0.07 to $0.09. And non-GAAP EPS forecast, excluding an aggregate $1 million of equity-based compensation expenses net of taxes, is expected to be in the range of $0.12-$0.14 per share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $12.3 million and EPS of $0.13 for the second quarter of 2013. Full Article
CEVA Inc Issues Q1 2013 Guidance Below Analysts' Estimates-Conference Call
CEVA Inc announced that for the first quarter of 2013, it expects revenue to be in the range of $12 million to $13 million, US GAAP EPS to be in the range of $0.08 to $0.10 per share and non-GAAP EPS to be in the range of $0.13 to $0.15 per share, excluding [aggregate] based compensation expenses, net of tax, of $1.1 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $14 million and EPS of $0.20 for the first quarter of 2013. Full Article
CEVA Inc Partners with iOnRoad to Deliver Personal Driving Assistance Technology with CEVA-MM3101 Platform
CEVA Inc announced it is partnering with iOnRoad, a technology provider for personal driving assistance. The two companies have integrated and optimized the iOnRoad software for use with the CEVA-MM3101 imaging and vision platform for camera-enabled devices. Full Article
CEVA Inc To Refrain From Further Proposals To Acquire MIPS Technologies Inc's Operating Business
CEVA Inc announced that it would not submit any further proposal to acquire the operating business of MIPS Technologies Inc. Full Article
MIPS Technologies Inc's Board of Directors Determines CEVA Inc 's Acquisition Proposal is Superior to Acquisition Agreement with Imagination Technologies Group plc
MIPS Technologies, Inc. announced that the MIPS Board of Directors has unanimously determined that a new proposal from CEVA, Inc. to acquire MIPS Technologies (the CEVA Proposal), constitutes a 'Superior Proposal' to the merger agreement with Imagination Technologies Group plc., originally announced on November 5, 2012, including all amendments thereto (the Merger Agreement). CEVA proposes to acquire for $90 million (U.S.) in cash all of the outstanding MIPS shares, plus the breakup fee for the Imagination Merger Agreement, following the consummation of the previously announced proposed patent sale transaction with Bridge Crossing, LLC and proposed recapitalization. The CEVA Proposal has been unanimously approved by CEVA's Board of Directors. MIPS has notified Imagination Technologies Group plc that the MIPS Board of Directors intends to effect an adverse recommendation change or terminate the Merger Agreement, but is prepared to continue negotiations if Imagination chooses to adjust the terms of the Merger Agreement. MIPS is obliged to negotiate with Imagination in good faith until the end of the business day on December 14, 2012 to make adjustments to the terms and conditions of the Merger Agreement, such that the CEVA Proposal no longer constitutes a 'Superior Proposal'. There is no assurance that the transactions proposed with either CEVA or Imagination Technologies will be completed. Full Article
CEVA Inc Offers MIPS Technologies, Inc. $90 Million For Operating Business
CEVA Inc announced that it has submitted a further proposal to the Board of Directors of MIPS Technologies, Inc. to acquire the operating business of MIPS for $90 million plus the payment on MIPS' behalf of the termination fee to Imagination Technologies Group plc pursuant to MIPS' existing merger agreement, as amended, with Imagination. Full Article
CEVA Inc Narrows FY 2012 Revenue Guidance To A Range In Line With Analysts' Estimates; Lowers FY 2012 EPS Guidance; Issues Q4 2012 Guidance In Line With Analysts' Estimates-Conference Call
CEVA Inc announced that for fourth quarter of 2012, it expects revenue to be in the range of $12.4 million to $13.4 million and US GAAP EPS is expected to be in the range of $0.10 to $0.14 per share, and non-GAAP EPS, excluding $1.2 million of equity-based compensation expenses net of taxes, is expected to be in the range of $0.16 to $0.20 per share. For fiscal 2012, it expects revenue to be in the range of $53.1-$54.1 million and GAAP basis to be in the range of $0.57 to $0.61 per share, and on a non-GAAP fully diluted basis, excluding $4.4 million of equity-based compensation expenses net of taxes, is expected to be in the range of $0.76 to $0.80 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $53.9 million and EPS of $0.78 for fiscal 2012; revenues of $13.0 million and EPS of $0.19 for the fourth quarter of 2012. Full Article
CEVA, Inc. Lowers FY 2012 Guidance; Issues Q3 2012 Guidance Below Analysts' Estimates-Conference Call
CEVA, Inc. announced that for the third quarter of 2012, it expects revenue to be in the range of $11.8-$12.8 million, US GAAP EPS to be in the range of $0.11-$0.13 per share, and non-GAAP EPS, excluding the aggregate $1.3 million of equity-based compensation expenses, net of taxes, to be in the range of $0.16-$0.18 per share. The Company revised guidance for fiscal 2012 and expects total annual revenue to be in the range of $51.9-$55.9 million, US GAAP EPS to be in the range of $0.68 to $0.62 per share and excluding equity-based compensation expenses of $5.2 million, non-GAAP EPS is expected to be $0.78 to $0.82 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $57.9 million and EPS of $0.88 for fiscal 2012; revenues of $13.9 million and EPS of $0.21 for the third quarter of 2012. Full Article
CEVA, Inc. Issues FY 2012 Guidance In Line With Analysts' Estimates; Issues Q1 2012 Guidance Below Analysts' Estimates-Conference Call
CEVA, Inc. announced that for fiscal 2012, it expects revenue to be between $62-$66.5 million, US GAAP EPS is expected to be in the range of $0.78-$0.82 per share, and non- GAAP EPS, excluding equity-based compensation net of $5.8 million, is expected to be in the range of $1.02-$1.06 per share. For the first quarter of 2012, it expects revenue to be in the range of $14.2-$15.2 million, US GAAP EPS is expected to be in the range of $0.14-$0.16 per share, and non-GAAP EPS, excluding the aggregated $1.4 million of equity-based compensation expense, net of taxes, is expected to be in the range of $0.20-$0.22 per share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $64.5 million and EPS of $1.02 for fiscal 2012; revenue of $15.3 million and EPS of $0.23 for the first quarter of 2012. Full Article
CEVA, Inc. And Idea! Electronic Systems Partner To Deliver Software-Based ISDB-T Solution
CEVA, Inc. and DSP cores announced a new software-based product offering for multi-standard DTV demodulation based on its CEVA-XC DSP core. The company has partnered with Idea! Electronic Systems to develop a complete, ISDB-T solution based on a multi-standard reference architecture, including ISDB-T software library functions, ISDB-T PHY software IP, a universal front-end engine and FEC accelerators. CEVA and Idea! will demonstrate the solution demodulating an ISDB-T live signal at CES 2012 in Las Vegas, from January 10-13th, 2012. Full Article
UPDATE 1-Ceva sees weaker-than-expected Q1, shares slide
* Sees Q1 non-GAAP EPS $0.13-$0.15, revenue $12 mln-$13 mln
Earnings vs. 
Estimates
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