CEVA, Inc. (CEVA) Tops Q2 EPS by 3c

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Oppenheimer Raises Price Target on CEVA, Inc. (CEVA) to $37 Following 2Q

August 4, 2016 7:00 AM EDT

Oppenheimer reiterated an Outperform rating on CEVA Inc. (NASDAQ: CEVA), and raised the price target to $37.00 (from $32.00), following the company's 2Q earnings report. CEVA reported revenues of $17.1M, in-line with consensus estimates. Adjusted EPS of $0.21 came in ahead of the Street's $0.18. 3Q16 revenues/non-GAAP EPS guided to... More