Cerence Inc. (CRNC)

Market Cap	129.93M
Revenue (ttm)	348.58M
Net Income (ttm)	-282.13M
Shares Out	41.78M
EPS (ttm)	-6.83
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	1,578,347
Open	2.830
Previous Close	2.840
Day's Range	2.830 - 3.140
52-Week Range	2.550 - 29.750
Beta	2.40
Analysts	Hold
Price Target	7.50 (+141.16%)
Earnings Date	Aug 6, 2024

About CRNC

Cerence Inc. provides AI powered virtual assistants for the mobility/transportation market in United States, Other Americas, Germany, Europe, Middle East, Africa, Japan, and Other 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 modeling technology. Cerence Inc. ...

• Industry: Software - Application
• Sector: Technology
• CEO: Dr. Stefan Ortmanns
• Employees: 1,700
• Stock Exchange: NASDAQ
• Ticker Symbol: CRNC

Financial Performance

In 2023, Cerence's revenue was $294.48 million, a decrease of -10.19% compared to the previous year's $327.89 million. Losses were -$56.25 million, -81.90% less than in 2022.

Analyst Forecast

According to 6 analysts, the average rating for CRNC stock is "Hold." The 12-month stock price forecast is $7.5, which is an increase of 141.16% from the latest price.

Price Target

$7.5

(141.16% upside)

Analyst Consensus: Hold