BUZZ-Ceva gains on quarterly revenue beat

Shares of licensor of silicon & software intellectual property Ceva CEVA.O up 4% at $32.90 premarket

CEVA reports Q4 total rev. of $29.2 mln, ahead of analysts' expectations of $27.6 mln, according to data compiled by LSEG

Posts Q4 adj. EPS $0.11 versus $0.10 a year ago

"As we look to the future, we are confident in our ability to continue on our organic growth trajectory & to capitalize on non-organic opportunities to accelerate growth," says CFO Yaniv Arieli

Five of the 6 analysts covering the stock have a "buy" or higher rating, and 1 has "hold"; their mean price target is $33.50- LSEG data

As of last close, stock up 0.54% YTD