Cerence Inc. (CRNC)

Market Cap	218.93M
Revenue (ttm)	331.50M
Net Income (ttm)	-588.08M
Shares Out	41.80M
EPS (ttm)	-14.12
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	22,235,675
Open	3.40
Previous Close	2.82
Day's Range	3.39 - 5.60
52-Week Range	2.34 - 21.67
Beta	2.36
Analysts	Hold
Price Target	6.33 (+20.87%)
Earnings Date	Nov 21, 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: Brian Krzanich
• Employees: 1,700
• Stock Exchange: NASDAQ
• Ticker Symbol: CRNC
• Website: https://www.cerence.com

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 8 analysts, the average rating for CRNC stock is "Hold." The 12-month stock price forecast is $6.33, which is an increase of 20.87% from the latest price.

Price Target

$6.33

(20.87% upside)

Analyst Consensus: Hold