MOUNTAIN VIEW, Calif., Sept.18, 2017 -- CEVA, Inc. (NASDAQ: CEVA), the leading licensor of signal processing IP for smarter, connected devices, today announced that it has been recognized on Fortune magazine's 2017 100 Fastest-Growing Companies list of domestic and foreign publicly traded companies.
Each company's overall rank on Fortune's 100 Fastest-Growing Companies list is determined based on three areas of performance over a three-year period, ending June 30, 2017: average annual revenue growth, average increase in earnings per share and total stock return. CEVA ranked 52nd overall on the Fortune list, while placing 17th for total 3-year return with an annualized total return of 45% over the period.
Gideon Wertheizer, CEO of CEVA commented: "Fortune's acknowledgment of CEVA as one of the fastest growing public companies over the past three years is a testament to our successful expansion strategy which has enabled us to become a technology leader. Our platform IPs for 5G, deep learning, computer vision, voice assistants, Bluetooth and Wi-Fi are critical building blocks for all smart and connected devices. We are very proud to feature on this list alongside some of the world's most prominent companies."
About CEVA, Inc.
CEVA is the leading licensor of signal processing IP for a smarter, connected world. We partner with semiconductor companies and OEMs worldwide to create power-efficient, intelligent and connected devices for a range of end markets, including mobile, consumer, automotive, industrial and IoT. Our ultra-low-power IPs for vision, audio, communications and connectivity include comprehensive DSP-based platforms for LTE/LTE-A/5G baseband processing in handsets, infrastructure and machine-to-machine devices, advanced imaging, computer vision and deep learning for any camera-enabled device, audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. For connectivity, we offer the industry's most widely adopted IPs for Bluetooth (low energy and dual mode), Wi-Fi (802.11 a/b/g/n/ac up to 4x4) and serial storage (SATA and SAS). Visit us at www.ceva-dsp.com