Cerence Inc. (CRNC)
| Market Cap | 363.74M |
| Revenue (ttm) | 244.07M |
| Net Income (ttm) | -636.22M |
| Shares Out | 43.20M |
| EPS (ttm) | -15.18 |
| PE Ratio | n/a |
| Forward PE | 35.47 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,199,255 |
| Open | 7.59 |
| Previous Close | 7.89 |
| Day's Range | 7.58 - 8.51 |
| 52-Week Range | 2.34 - 27.50 |
| Beta | 3.01 |
| Analysts | Buy |
| Price Target | 9.16 (+8.79%) |
| Earnings Date | May 8, 2025 |
About CRNC
Cerence Inc. provides AI powered virtual assistants for the mobility/transportation market in the United States, rest of the Americas, Germany, rest of Europe, the Middle East, Africa, Japan, and rest of the Asia-Pacific. The company offers edge software components, cloud-connected components, virtual assistant coexistence, and professional services. It also provides conversational artificial intelligence-based solutions, including speech recognition, natural language understanding, speech signal enhancement, text-to-speech, and acoustic modeli... [Read more]
Financial Performance
In 2024, Cerence's revenue was $331.50 million, an increase of 12.57% compared to the previous year's $294.48 million. Losses were -$588.08 million, 945.4% more than in 2023.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for CRNC stock is "Buy." The 12-month stock price forecast is $9.16, which is an increase of 8.79% from the latest price.
News
Cerence AI Honored with 2025 ECARX Best Contribution Award
SHANGHAI and BURLINGTON, Mass., April 02, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced th...
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Cerence AI Adds Former Ford Executive Marion Harris to its Board of Directors
BURLINGTON, Mass., March 20, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced that Marion Har...
Cerence AI Debuts xUI, its Hybrid, LLM-Based Platform, Advancing the Fully Agentic In-Car Experience
BURLINGTON, Mass., March 13, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today introduced Cerence xUI™, ...
Cerence: Bottoming Out Amid Strong Auto AI-Powered Virtual Assistant Demand
Cerence is leveraging generative AI to enhance in-car experiences, with its flagship CaLLM product driving future growth in the automotive virtual assistant market. Despite a significant revenue drop,...
Cerence Inc. (CRNC) Q1 2025 Earnings Call Transcript
Cerence Inc. (NASDAQ:CRNC) Q1 2025 Earnings Conference Call February 6, 2025 5:00 PM ET Company Participants Brian Krzanich - CEO Tony Rodriquez - Interim CFO Conference Call Participants Nicholas Do...
Cerence Announces First Quarter Fiscal 2025 Results
BURLINGTON, Mass., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global industry leader in AI for transportation, today reported its first quarter fiscal year 2025 re...
Cerence CEO Has Vision And Connections To Turn Company's Voice Assistant From 'Want-To-Have' To 'Need-To-Have': Analyst Upgrades Stock
Cerence Inc. CRNC shares surged on Wednesday after Needham analyst Nick Doyle upgraded the stock from Hold to Buy with a price target of $16.
Cerence to Announce Fiscal First Quarter Results on February 6, 2025
BURLINGTON, Mass., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global industry leader in AI for transportation, will announce its first quarter financial results fo...
Cerence: Navigating AI Innovation In A Challenging Automotive Landscape
Cerence, Inc. holds a 52% market share in automotive virtual assistants but faces intense competition and technology uncertainties. Financial performance shows mixed results with recent growth but sig...
S&P 500, Dow edge higher but face weekly losses; Cerence soars 120%, alcohol stocks slide
US equity benchmarks moved higher on Friday amid better manufacturing data from the country. At the time of writing, the S&P 500 index was 1% higher, while the Dow Jones Industrial Average gained 0.6...
Nasdaq Surges Over 1%; Cerence Shares Spike Higher
U.S. stocks traded higher midway through trading, with the Nasdaq Composite surging more than 1% on Friday.
Cerence AI Expands Collaboration with NVIDIA to Advance its CaLLM Family of Language Models
BURLINGTON, Mass., Jan. 03, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global industry leader in voice AI, today announced an expanded collaboration with NVIDIA to advance ...
Cerence Announces Repurchase of $27 Million of 3% Senior Notes Due 2025
BURLINGTON, Mass., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI” or “the Company”), a global leader in AI for transportation, today announced that, in light of its curren...
Cerence AI Announces Equity Grant to Employee Under Inducement Plan Pursuant to Nasdaq Listing Rule 5635(c)(4)
BURLINGTON, Mass., Dec. 06, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global industry leader in AI for transportation, today announced that, in connection with Antonio (“T...
Cerence AI Names Tony Rodriquez as Chief Financial Officer
BURLINGTON, Mass., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global industry leader in AI for transportation, today announced that it has appointed Antonio (“Tony...
Cerence Earnings: The Worst Could Be Behind It
Cerence Inc.'s stock is undervalued at 10x forward free cash flow despite a turbulent past and a 60% decline in 2024. The company's AI-driven in-car voice solutions, trusted by major automakers, and c...
Cerence Stock: Persistent Risks Remain Despite Positive Q4 Earnings Results
Cerence shares have more than doubled since its Q4 earnings were released. While growth is expected to remain muted next year, margins are expected to be solid, coupled with strong FCF generation. Cer...
Cerence Inc. (CRNC) Q4 2024 Earnings Call Transcript
Cerence Inc. (NASDAQ:CRNC) Q4 2024 Earnings Conference Call November 21, 2024 8:30 AM ET Company Participants Brian Krzanich - CEO Tony Rodriquez - Interim CFO Conference Call Participants Jeff Van R...
Cerence Announces Fourth Quarter and Fiscal Year 2024 Results
Q4 Revenue exceeds high end of guidance; positive cash flow from operations of $6.1 million. Transformation plan on track to deliver net annualized cost savings of $35-$40 million.
Cerence Introduces Pioneering Embedded Small Language Model, Purpose-Built for Automotive
BURLINGTON, Mass., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today introduced CaLLM™ Edge, its pioneering, automotive-grade, embedded small language mode...
Cerence Announces Equity Grant to Employee Under Inducement Plan Pursuant to Nasdaq Listing Rule 5635(c)(4)
BURLINGTON, Mass., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (the “Company”), AI for a world in motion, today announced that, in connection with Brian Krzanich's recent appointment...
Cerence Names Ex-Intel Chief Krzanich CEO
The chief executive of Cerence has stepped down and will be succeeded by Brian Krzanich, the former chief of Intel and CDK Global.
Cerence Appoints Brian Krzanich as Chief Executive Officer
Cerence Inc. today announced that Brian Krzanich has been appointed Chief Executive Officer and a member of the Board of Directors, effective immediately.
Vanguard Group Inc's Strategic Reduction in Cerence Inc Holdings
On September 30, 2024, Vanguard Group Inc executed a significant transaction involving the shares of Cerence Inc (CRNC, Financial), a key player in the software industry. The firm reduced its holdings...