Ashraf Eassa
Long/short equity, contrarian, independent research, tech

CEVA 40% Upside, Shares Have Limited Downside Risk

It's not often that one gets a second chance (and particularly during a raging bull market) to buy a name that managed to climb 30% in a matter of months without you. While investors in CEVA (NASDAQ:CEVA), a leading vendor of DSP (digital signal processor) IP for use in a wide variety of applications, may not be as thrilled as I am that the company's shares now trade 34% below their 52-week high, I believe that the shares are set to outperform over the next 12 months on the back of a number of key drivers. I further believe that the shares have largely priced in the worst, and as a result, the risk/reward looks particularly compelling.

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