Cerence Inc. (CRNC)

NASDAQ: CRNC · IEX Real-Time Price · USD
3.060
-0.110 (-3.47%)
At close: Jun 24, 2024, 4:00 PM
3.040
-0.020 (-0.65%)
After-hours: Jun 24, 2024, 5:48 PM EDT
-3.47%
Market Cap 127.84M
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 1,886,281
Open 3.200
Previous Close 3.170
Day's Range 3.045 - 3.420
52-Week Range 2.740 - 29.750
Beta 2.40
Analysts Hold
Price Target 7.50 (+145.1%)
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. ... [Read more]

Sector Technology
CEO Dr. Stefan Ortmanns
Employees 1,700
Stock Exchange NASDAQ
Ticker Symbol CRNC
Full Company Profile

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.

Financial Statements

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 145.10% from the latest price.

Price Target
$7.5
(145.10% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Cerence Appoints Jennifer Salinas, SVP & General Counsel, to New Role of EVP & Chief Administrative Officer

BURLINGTON, Mass., June 12, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that Jennifer Salinas, Senior Vice President & General Counsel, has been pro...

12 days ago - GlobeNewsWire

Cerence Names Tony Rodriquez as Interim Chief Financial Officer

BURLINGTON, Mass., June 04, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that it has appointed Antonio (“Tony”) Rodriquez as its interim Chief Financ...

20 days ago - GlobeNewsWire

Cerence to Power Zeekr Multilingual AI Assistant

BURLINGTON, Mass., May 29, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that premium electric vehicle (EV) maker Zeekr will integrate Cerence convers...

26 days ago - GlobeNewsWire

Cerence Announces Second Quarter Fiscal Year 2024 Results

Headlines Q2 revenue above the high end of the guidance range due to OEM-related adjustments; however, Company lowering its FY24 guidance and withdrawing its multi-year plan Included in Q2 results is ...

6 weeks ago - GlobeNewsWire

CERENCE INVESTIGATION CONTINUED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Cerence Inc. - CRNC

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF continues its investigat...

7 weeks ago - Business Wire

Cerence to Announce Fiscal Second Quarter Results on May 9, 2024

BURLINGTON, Mass., April 25, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its second quarter financial results for the quarter ended March 31, 2024 on ...

2 months ago - GlobeNewsWire

CERENCE INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Cerence Inc. - CRNC

NEW ORLEANS , April 19, 2024 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq.

2 months ago - PRNewsWire

Cerence Engages First Automaker Customers for CaLLM™, Its Pioneering Automotive Large Language Model

BURLINGTON, Mass., March 21, 2024 (GLOBE NEWSWIRE) --  Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced early momentum for CaLLM™ (Cerence Automotive Large Language Model), its a...

3 months ago - GlobeNewsWire

Cerence Announces Equity Grant to Employee Under Inducement Plan

BURLINGTON, Mass., March 19, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (the “Company”), AI for a world in motion, today announced that, in connection with Daniel Tempesta's recent appointme...

3 months ago - GlobeNewsWire

Cerence Names Daniel Tempesta as Chief Financial Officer

BURLINGTON, Mass., March 04, 2024 (GLOBE NEWSWIRE) -- Cerence Inc.

4 months ago - GlobeNewsWire

Cerence Announces Its Participation at Two Upcoming Investor Conferences

BURLINGTON, Mass., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will be presenting at the Raymond James 45th Annual Investor Conference on Tuesday, March 5 ...

4 months ago - GlobeNewsWire

Cerence Announces First Quarter Fiscal Year 2024 Results

Headlines Revenue and profitability exceed the high end of guidance, leading to six quarters of strong execution Announced AI partnerships with NVIDIA and Microsoft Maintained a leadership position, w...

4 months ago - GlobeNewsWire

Cerence to Announce Fiscal First Quarter Results on February 6, 2024

BURLINGTON, Mass., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its first quarter financial results for the quarter ended December 31, 2023 on...

5 months ago - GlobeNewsWire

Cerence and Škoda Elevate the In-Vehicle Experience with Cerence Chat Pro

BURLINGTON, Mass., Jan. 16, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced it will provide generative AI features for Škoda, a Volkswagen Group brand.

5 months ago - GlobeNewsWire

Great Wall Motor Selects Cerence to Power In-Car Experience as Automaker Expands Globally

Cerence Inc. today announced that Great Wall Motor Company has selected Cerence to power the in-car experience across its lineup as it expands worldwide.

5 months ago - GlobeNewsWire

Smart Eye and Cerence to showcase emotionally aware in-car assistant, further advancing the AI-powered immersive companion

GOTHENBURG, Sweden & BURLINGTON, Mass.--(BUSINESS WIRE)--Smart Eye, the global leader in Human Insight AI, and Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that they will sho...

5 months ago - Business Wire

Volkswagen and Cerence Collaborate to Bring New, Generative AI-Powered Interaction to Drivers

LAS VEGAS and BURLINGTON, Mass., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, and Volkswagen, one of the world's largest automakers, today announced that th...

6 months ago - GlobeNewsWire

Cerence Announces Fourth Quarter and Fiscal Year 2023 Results

Headlines Revenue and profitability exceed the high end of the initially guided range for the full fiscal year Five consecutive quarters of strong execution Fourteen strategic design wins in the fisca...

7 months ago - GlobeNewsWire

Cerence to Announce Fiscal Fourth Quarter and Full Year Results on November 27, 2023

BURLINGTON, Mass., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its fourth quarter financial results for the quarter ended September 30, 2023 ...

8 months ago - GlobeNewsWire

Top 5 Tech Stocks Which Could Rescue Your Portfolio This Month - SEALSQ (NASDAQ:LAES), Cerence (NASDAQ:CRNC)

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Other symbols: LAESNTCTNVECVRNT
8 months ago - Benzinga

Cerence Files Patent Infringement Suit Against Samsung

BURLINGTON, Mass., Oct. 13, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced the filing of a patent infringement lawsuit against Samsung Electronics Co.,...

9 months ago - GlobeNewsWire

Top 5 Tech Stocks You'll Regret Missing This Quarter - Cerence (NASDAQ:CRNC), CalAmp (NASDAQ:CAMP)

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Other symbols: GNSSMAXNWKEY
9 months ago - Benzinga

Cerence Names Accomplished Automotive Technology Executive Christian Mentz as Chief Revenue Officer

Mentz joins Cerence from Amazon and will lead Cerence's global sales and marketing organization, working with customers worldwide to transform the in-car experience Mentz joins Cerence from Amazon and...

10 months ago - GlobeNewsWire

Cerence Announces Third Quarter Fiscal Year 2023 Results

Headlines On track to achieve full fiscal year revenue guidance Strategic wins for connected services for a major Japanese OEM and Emergency Vehicle Detection for a major Korean OEM's ADAS platform Tw...

11 months ago - GlobeNewsWire

Cerence to Announce Fiscal Third Quarter Results on August 8, 2023

BURLINGTON, Mass., July 26, 2023 (GLOBE NEWSWIRE) -- Cerence Inc.  (NASDAQ: CRNC), AI for a world in motion, will announce its third quarter financial results for the quarter ended June 30, 2023 on Tu...

11 months ago - GlobeNewsWire