Strength Seen in Ceva (CEVA): Can Its 6.2% Jump Turn into More Strength?

Ceva CEVA shares ended the last trading session 6.2% higher at $26.34. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 11.8% gain over the past four weeks.CEVA is benefiting from strong licensing execution, expanding AI adoption, and growing royalty streams across consumer, industrial, and automotive markets.This chip designer is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of -28.6%. Revenues are expected to be $28.05 million, up 3.1% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Ceva, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CEVA going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Ceva belongs to the Zacks Electronics - Semiconductors industry. Another stock from the same industry, FormFactor FORM, closed the last trading session 13.4% higher at $36.04. Over the past month, FORM has returned 13.9%.For FormFactor, the consensus EPS estimate for the upcoming report has changed -1.9% over the past month to $0.25. This represents a change of -28.6% from what the company reported a year ago. FormFactor currently has a Zacks Rank of #4 (Sell).Higher. Faster. Sooner. Buy These Stocks NowA small number of stocks are primed for a breakout, and you have a chance to get in before they take off.At any given time, there are only 220 Zacks Rank #1 Strong Buys. On average, this list more than doubles the S&P 500. We’ve combed through the latest Strong Buys and selected 7 compelling companies likely to jump sooner and climb higher than any other stock you could buy this month.You'll learn everything you need to know about these exciting trades in our brand-new Special Report, 7 Best Stocks for the Next 30 Days.Download the report free now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ceva, Inc. (CEVA): Free Stock Analysis Report FormFactor, Inc. (FORM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks