- Quarterly earnings disappointed for the second consecutive time in 2021, even though the numbers were not as bad as they appear to be.
- Losses jumped in Q1, but it was likely a one-off event since an encore is not expected for several reasons.
- Multiples are still high even though the stock has fallen by a lot, which could be a problem when growth leaves something to be desired.
- CEVA has its appeal, but a combination of lackluster earnings and high multiples make for a formidable obstacle to overcome.
For further details see:
CEVA Is Available At A Discount For All The Wrong Reasons