CEVA, Inc. ( NASDAQ:CEVA ), might not be a large cap stock, but it saw significant share price movement during recent months on the NASDAQGS, rising to highs of US$41.58 and falling to the lows of US$32.16. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether CEVA's current trading price of US$35.04 reflective of the actual value of the small-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at CEVA's outlook and value based on the most recent financial data to see if there are any catalysts for a price change.