Cerence Inc. (CRNC)

Market Cap	579.89M
Revenue (ttm)	331.50M
Net Income (ttm)	-588.08M
Shares Out	42.83M
EPS (ttm)	-14.12
PE Ratio	n/a
Forward PE	290.12
Dividend	n/a
Ex-Dividend Date	n/a

Volume	2,468,168
Open	13.41
Previous Close	13.22
Day's Range	12.93 - 13.82
52-Week Range	2.34 - 27.50
Beta	2.65
Analysts	Buy
Price Target	8.66 (-36.04%)
Earnings Date	Feb 6, 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...

• Industry: Software - Application
• Sector: Technology
• Founded: 2020
• Employees: 1,400
• Stock Exchange: NASDAQ
• Ticker Symbol: CRNC
• Website: https://www.cerence.com

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.

Analyst Forecast

According to 8 analysts, the average rating for CRNC stock is "Buy." The 12-month stock price forecast is $8.66, which is a decrease of -36.04% from the latest price.

Price Target

$8.66

(-36.04% downside)

Analyst Consensus: Buy