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

12.66

Mkt cap

587M

Volume

5.4M

High

13.74

P/E Ratio

-0.97

52-wk high

27.50

Low

12.12

Div yield

N/A

52-wk low

2.34

Cerence Inc. (NASDAQ: CRNC) will release its fiscal first quarter results on February 6, 2025. The announcement will cover the financial performance for the quarter ending December 31, 2024.

Portfolio Pulse from

January 21, 2025 | 1:15 pm

Cerence, Inc. holds a significant market share in automotive virtual assistants but faces challenges from competition and technology uncertainties. Despite recent growth, the company struggles with high operating expenses and margin pressures. The stock valuation suggests a narrow margin of safety.

Portfolio Pulse from

January 20, 2025 | 3:00 pm

Cerence's stock surged by 144% following an expanded partnership with NVIDIA, indicating strong investor confidence in the AI-assistant maker's future prospects.

Portfolio Pulse from

January 16, 2025 | 4:15 pm

CRNC stock has surged 387% over the past six months due to its innovations in automotive AI, strong partnerships, and product launches. However, the company faces challenges from increasing competition.

Portfolio Pulse from

January 13, 2025 | 7:00 pm

The article discusses three innovative small-cap tech stocks: Cerence Inc. (CRNC), Rigetti Computing (RGTI), and Airship AI (AISP), which are gaining traction in their businesses and stock prices, indicating potential for significant gains in 2025.

Portfolio Pulse from

January 08, 2025 | 1:30 pm

The article discusses recent updates regarding Cerence (CRNC), highlighting its performance and potential as an investment compared to SoundHound AI.

Portfolio Pulse from

January 06, 2025 | 4:30 pm

The article discusses the potential for a short squeeze in CRNC, highlighting the factors that contribute to such market movements. It suggests that investors can benefit from understanding these dynamics.

Portfolio Pulse from

January 03, 2025 | 10:00 pm

Cerence Inc. has expanded its collaboration with NVIDIA to enhance its CaLLM family of language models, including both cloud-based and embedded models.

Portfolio Pulse from

January 03, 2025 | 1:15 pm

Cerence Inc. has announced the repurchase of $27 million of its 3% Senior Notes due 2025, reflecting its strong cash position and future cash generation outlook.

Portfolio Pulse from

December 23, 2024 | 1:15 pm

Cerence stock has surged 151% in a month due to strong AI advancements and an expanding client base, despite challenges in the automotive market.

Portfolio Pulse from

December 16, 2024 | 5:00 pm

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