CEVA is trading 5.2% down at $43.16 as investors lock in gains following a sharp rally triggered by recent earnings results.
- While Q1 2026 results beat estimates, the stock is facing pressure from weaker non-GAAP profitability, overbought technical indicators, and a lack of explicit forward guidance.
- Broader weakness in the semiconductor sector, driven by global profit-taking and geopolitical tensions, is further contributing to the downward movement.