Key Developments For Ceva Inc
Ceva Inc (CEVA.O) (Consolidated Issue listed on NASDAQ Global Market)
CEVA, Inc. Issues Q4 2009 Guidance In Line With Analysts' Estimates; Issues FY 2009 Revenue Guidance Above Analysts' Estimates; Raises FY 2009 EPS Guidance-Conference Call
CEVA, Inc. announced that for the fourth quarter of 2009, it expects revenue to be in the range of $9.4 million to $10.4 million. GAAP earnings per share (EPS) is expected to be in the range of $0.05 to $0.07 per share and non-GAAP EPS, excluding the $700,000 of equity-based compensation expenses, are forecasted to be in the range of $0.08 to $0.11 per share. For fiscal 2009, the Company expects annual revenue guiding to be in the range of $37.7 million to $38.7 million. Based on forecast for the fourth quarter of 2009 as well as the strong third quarter 2009 results, the Company increased its EPS estimates from the current street analyst forecast. GAAP EPS is expected to be in the range of $0.31 to $0.33 per share and non-GAAP EPS, excluding the equity-based compensation expenses and the $1.9 million of pretax gains in second quarter of 2009, associated with its equity investment of GloNav, is expected to be in the range of $0.38 to $0.40 per share, a 19% to 25% increase compared to $0.32 reported for 2008. According to Reuters Estimates, analysts were expecting the Company to report revenue of $9.9 million and EPS of $0.09 for the fourth quarter of 2009; revenue of $37.5 million and EPS of $0.35 for fiscal 2009.
CEVA, Inc.'s CEVA-TeakLite-III DSP Core Powers HD Audio in Sunplus' New Blu-ray SoCs
CEVA, Inc. announced that Sunplus Technology Co. Ltd., one of the consumer electronics IC designers, has licensed the CEVA-TeakLite-III DSP core for its Set-top-boxes, HDTV and Blu-ray Disc chipsets. Sunplus is integrating CEVA's high performance DSP to power the most demanding high definition audio requirements. This agreement expands CEVA's relationship with Sunplus, whose subsidiary Sunplus mMedia power their latest generation SPMP8000A Portable Media Player (PMP) chipset with CEVA's MM2000 portable multimedia solution.
CEVA, Inc. Q3 2009 Guidance In Line With Analysts' Estimates-Conference Call
CEVA, Inc. announced that for third quarter of 2009, it expects revenue to be in the range of $8.6 million to $9.6 million, EPS to be in the range of $0.02 to $0.04 per share, and on a non-GAAP EPS basis, excluding the $0.7 million of equity-based compensation expenses forecasted, are expecting to remain at the same level of the previous quarter of $0.06 to $0.08 per share. According to Reuters Estimates, analysts are expecting the Company to report revenue of $9.1 million, GAAP EPS of $0.03, non GAAP EPS of $0.07 for third quarter of 2009.
CEVA, Inc. and mimoOn GmbH to Collaborate on Development of LTE Baseband Solutions
CEVA, Inc. and mimoOn GmbH, a company in software defined radio (SDR) solutions for advanced wireless standards, announced a collaboration to offer mimoOn's mi!MobilePHY advanced LTE software on CEVA's newest DSP core, the CEVA-XC.
CEVA, Inc. Issues Q2 2009 Guidance In Line With Analysts' Estimates-Conference Call
CEVA, Inc. announced that for the second quarter of 2009, it expects revenue to be in the range of $8.3 million to $9.3 million. The Company also announced that US GAAP Earnings Per Share (EPS) is expected to be in the range of $0.01 to $0.03 per share, and a non-GAAP EPS, excluding the equity-based compensation expenses, is forecasted to be in the range of $0.05 to $0.07 per share. According to Reuters Estimates, analysts are expecting the Company to report revenue of $8.73 million, US GAAP EPS of $0.02 and a non-GAAP EPS $0.06 for second quarter of 2009.
