CEVA
I had gotten kind of excited about CEVA, but after doing more research, I’m having trouble seeing what there is about this company except for one good quarter. Please tell me if I’m seeing it wrong!
Here are their adjusted earnings for the past 8 quarters.
2013: xx xx xx 20 = 54
2014: 16 00 12 08 = 36
2015: 08 06 22
It’s VERY unimpressive! And even with that big quarter, their 12 month trailing earnings of 44 cents are actually DOWN from the previous 12 months when they made 48 cents! What am I missing here?
**Revenues**
2013: xx.x xx.x xx.x 14.0 = 48.9
2014: 13.7 9.2 14.1 13.8 = 50.8
2015: 13.8 13.4 16.2
I'm underwhelmed by this too.
**Royalty Revenue**
2013: x.x x.x x.x 6.7 = 26.5
2014: 5.8 4.9 5.4 6.4 = 22.5
2015: 6.0 5.7 7.6
I don’t see ANY TREND towards improvement ANYWHERE. Just the last quarter which was above average. Do you guys feel sure enough that there is something there that will continue? With a PE over 60?
Just wondering.
Saul