CEVA, Inc. unveils a groundbreaking multi-protocol wireless platform intellectual property (IP) named Ceva-Waves Links, encompassing Wi-Fi, Bluetooth, Ultra-Wideband, and IEEE 802.15.4.
Fueling this innovation is the Ceva-Waves solutions family, with the pioneering IP, Ceva-Waves Links100, combining Wi-Fi 6, Bluetooth 5.4, and 802.15.4 specially crafted for Internet of Things (IoT) applications. These systems boast optimized co-existence strategies and tailor-made adaptability to different radio settings.
Riding the Wave of Innovation
Designed to seamlessly integrate and efficiently process data, the Ceva-Waves Links series features a modular framework, empowering customers to customize solutions to meet their specific requirements. This flexibility assures the delivery of cutting-edge wireless IPs to cater to evolving processing demands.
Future-proofing Connectivity
Anticipated future iterations of Ceva-Waves Links are set to encompass advanced Wi-Fi 6/6E/7 with machine learning optimization for various applications, enhanced Bluetooth for superior data speeds, and ultra-wideband for pinpoint micro-location accuracy. The pre-integrated radio solutions are meticulously crafted to support a diverse array of setups and foundry process nodes.
As the demand for IoT devices continues to surge, characterized by their compact size, cost-effectiveness, high performance, and innovation, CEVA stands to reap significant benefits. These devices rely on compact system-on-chips that seamlessly integrate to offer a myriad of functions on a single chip.
Leveraging its stronghold in Wi-Fi6 IP and a robust network across the value chain and diverse technology offerings, CEVA continues to secure customer wins. Furthermore, the company is capitalizing on the royalties generated from the flourishing mobile and IoT markets.
Stocks and Strategies in the Tech Sector
With a Zacks Rank #3 (Hold) currently, CEVA’s shares have observed a 23.8% decline in the past year. Alternatively, top-performing stocks in the broader technology sector include NVIDIA (NVDA), Bentley Systems (BSY), and Bill Holdings (BILL) – each boasting favorable Zacks Ranks of #1 (Strong Buy) or #2 (Buy).
Noteworthy financial outlook revisions include NVIDIA’s 2024 earnings per share estimate surging by 4 cents to $23.84, with a remarkable 231% surge in NVDA shares in the past year. In the same vein, Bentley Systems’ 2024 earnings per share estimate climbed by 3 cents to $1.02, with BSY shares gaining 17.7%. Finally, Bill Holdings’ 2024 earnings per share estimate saw a 32 cents upward revision to $2.44, with BILL shares witnessing a 16.2% dip over the past year.
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