CEVA Analysts Cut Their Forecasts After Downbeat Q2 Results
Portfolio Pulse from Lisa Levin
CEVA, Inc. reported a 21% YoY decline in Q2 FY23 revenue to $26.17 million, missing the consensus of $30.62 million. The company's shares fell 12.2% following the announcement. Barclays and Rosenblatt have lowered their price targets on CEVA.
August 10, 2023 | 12:23 pm
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CEVA's Q2 FY23 results were below expectations, leading to a drop in share price and lowered price targets from Barclays and Rosenblatt.
CEVA's lower than expected Q2 FY23 results have negatively impacted investor sentiment, leading to a drop in share price. The lowered price targets from Barclays and Rosenblatt further indicate a negative short-term outlook for the stock.
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