Cantor Fitzgerald Comments on CEVA Launches
In a research report published this morning by Cantor Fitzgerald, the global launch of Samsung's flagship Galaxy S3 indicates that CEVA (NASDAQ: CEVA) will regain its earnings momentum in 2H.
According to Cantor Fitzgerald, "Smartphone leader Samsung (29% 1Q:12 share, eclipsed Apple's 24%) launched its Galaxy S3 this week in 28 countries (perhaps the largest global product launch ever) across Europe and the Middle East (LTE and HSPA+ U.S. launch early summer). This smartphone is powered by Samsung's 1.4GHz Exynos 4 processor that incorporates CEVA DSP technology. Reviews (Verge, Engadget, Pocket-lint, TechRadar, PC World, SlashGear) for this Android 4 smartphone have been stellar."
Cantor Fitzgerald maintains its Buy rating and $35 PT on CEVA, which closed yesterday at $16.90.
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