From Earlier: Cantor Fitzgerald Reiterates CEVA Buy, $40 PT

Cantor Fitzgerald reiterated its CEVA

Buy rating and $40 price target in a research report published today leading into CEVA's Q1 earnings release scheduled for Wednesday before market open. In the report, Cantor Fitzgerald stated, "Although 1Q should be solid, 2Q Consensus estimates may be ambitious. That said, we still expect global 3G transitions will drive 2H+ momentum, while the advent of LTE/LTE-Advanced may hasten the conversion of competitors into customers." Shares of CEVA closed today at $22.58, up 2.22% from Monday's market close.