CEVA's Q3 EPS of $0.01 surpasses expectation, while short interest rises and broker upgrades take place.
In October, short interest in CEVA, Inc. rose 17.4% to 826,500 shares. Roth MKM upgraded the stock from "neutral" to "buy," while Oppenheimer raised its price target from $29 to $33. CEVA reported a positive EPS of $0.01 for Q3, exceeding the expected loss of $0.13. The company provides silicon and software IP solutions, particularly for 5G mobile and infrastructure applications.
October 30, 2024
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