Cerence Inc. (CRNC)
| Market Cap | 418.83M |
| Revenue (ttm) | 349.15M |
| Net Income (ttm) | -30.24M |
| Shares Out | 41.67M |
| EPS (ttm) | -0.82 |
| PE Ratio | n/a |
| Forward PE | 25.04 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 619,284 |
| Open | 9.76 |
| Previous Close | 9.76 |
| Day's Range | 9.68 - 10.06 |
| 52-Week Range | 9.50 - 36.79 |
| Beta | 2.46 |
| Analysts | Buy |
| Price Target | 23.86 (+137.41%) |
| Earnings Date | May 7, 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]
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 StatementsAnalyst Forecast
According to 7 analysts, the average rating for CRNC stock is "Buy." The 12-month stock price forecast is $23.86, which is an increase of 137.41% from the latest price.
News
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.
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...
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...
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...
Cerence Names Daniel Tempesta as Chief Financial Officer
BURLINGTON, Mass., March 04, 2024 (GLOBE NEWSWIRE) -- Cerence Inc.
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 ...
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...
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...
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.
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.
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...
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...
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...
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 ...
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.
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.,...
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.
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...
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...
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...
Cerence Introduces Low-Footprint Product Suite Designed Specifically for IoT Applications
CVNet is first customer to leverage new innovation from Cerence for smart home control CVNet is first customer to leverage new innovation from Cerence for smart home control
Cerence Inc. Prices Offering of $190 Million 1.50% Convertible Senior Notes due 2028
BURLINGTON, Mass., June 22, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today the pricing of $190.0 million aggregate principal amount of 1.50% convertibl...
Cerence Inc. Announces Proposed Offering of $190 Million Convertible Senior Notes due 2028
BURLINGTON, Mass., June 21, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it intends to offer, subject to market conditions and other factors, $1...
Cerence SVP & General Counsel Jennifer Salinas Named to Lawyers of Color's 2023 Power List
BURLINGTON, Mass., June 20, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that Lawyers of Color has named Cerence's SVP & General Counsel Jennifer Sal...
Cerence Enhances the Driving Experience for Premium German Automaker with JustTalk Technology
Leading OEM is the first automaker to leverage Cerence JustTalk to simplify and streamline interaction with the in-car assistant Leading OEM is the first automaker to leverage Cerence JustTalk to simp...