Streetbeat News

CRNC

Cerence Inc.

https://www.cerence.com

Industry

Software - Application

Cerence Inc. provides AI powered virtual assistants for the mobility/transportation market worldwide. The company offers edge software components; cloud-connected components and related toolkits and applications; and 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. is headquartered in Burlington, Massachusetts.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

Shares of companies in the software industry are trading higher amid overall tech sector momentum and in possibly sympathy with Cisco Systems which reported strong Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 7:33 pm

TD Cowen analyst Jeff Osborne maintains a Buy rating on Cerence (NASDAQ:CRNC) but lowers the price target from $12 to $10.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 6:20 pm

Wells Fargo analyst Colin Langan maintains an Equal-Weight rating on Cerence (NASDAQ:CRNC) but lowers the price target from $6.5 to $3.3.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:59 pm

Analysts have varied ratings for Cerence (NASDAQ:CRNC) over the last quarter, with all ratings being indifferent. The average 12-month price target has significantly decreased from $10.25 to $5.0. Analysts from Evercore ISI Group, Baird, and Goldman Sachs have all lowered their price targets for Cerence, reflecting a bearish sentiment. Cerence has faced a decline in revenue and struggles with profitability, as indicated by its negative net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 3:00 pm

Needham analyst Quinn Bolton has reiterated a Hold rating on Cerence (NASDAQ:CRNC).

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 9:47 am

Cerence shares are trading higher after the company reported better-than-expected Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 4:12 pm

Cerence reported its Q3 2024 adjusted EPS of $0.19, beating the estimate of $0.05. Sales were $70.530 million, surpassing the expected $68.469 million.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 11:08 am

Cerence (NASDAQ:CRNC) reported Q3 2024 adjusted EPS of $(0.01), missing the $0.05 estimate by 120%. Sales were $44M, missing the $68.469M estimate by 35.74% and down 28.64% from last year's $61.66M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 11:04 am

Cerence Inc. (NASDAQ:CRNC) has announced a collaboration with smart, an all-electric automobile brand, to develop AI-powered in-car experiences. This partnership aims to set new industry benchmarks in Europe and other overseas markets outside Mainland China.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 12:16 pm

Evercore ISI Group analyst Chris McNally maintains an In-Line rating on Cerence (NASDAQ:CRNC) but lowers the price target from $8 to $5.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 2:38 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.