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

6.89

Mkt cap

315M

Volume

1.5M

High

7.52

P/E Ratio

-0.52

52-wk high

21.66

Low

6.71

Div yield

N/A

52-wk low

2.34

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

Cerence Inc. (NASDAQ: CRNC) has granted equity awards to its new CFO, Antonio Rodriquez, as part of an inducement plan. The awards include time-based and performance-based restricted stock units, which will vest over the next three years.

Portfolio Pulse from

December 06, 2024 | 9:45 pm

Cerence Inc. has appointed Tony Rodriquez as its new Chief Financial Officer, effective November 29, 2024.

Portfolio Pulse from

December 03, 2024 | 1:15 pm

Cerence (NASDAQ: CRNC) has seen a significant stock price increase of 155% over two days following its latest earnings release on November 21. The company is gaining attention as a competitor to SoundHound AI.

Portfolio Pulse from

November 26, 2024 | 5:30 pm

Cerence (CRNC) reported strong fiscal Q4 earnings, surpassing estimates due to advancements in AI and customer acquisitions. However, the company's weak fiscal 2025 guidance may negatively impact its stock price.

Portfolio Pulse from

November 22, 2024 | 6:00 pm

Cerence Inc. is considered undervalued at 10x forward free cash flow despite a 60% decline in 2024. The company's AI-driven in-car voice solutions and cost reductions are expected to improve financial performance, with free cash flow projected to double in fiscal 2025 and potentially reach $30 million in fiscal 2026.

Portfolio Pulse from

November 22, 2024 | 3:30 pm

Cerence's stock has surged following positive Q4 earnings, but risks persist due to a vulnerable balance sheet with $90 million in debt due soon. Growth is expected to be muted next year, though margins and free cash flow are strong.

Portfolio Pulse from

November 22, 2024 | 2:15 pm

Cerence Inc. held its Q4 2024 earnings call, discussing financial results and company performance. Key participants included CEO Brian Krzanich and Interim CFO Tony Rodriquez, with analysts from Craig-Hallum, Wells Fargo, Needham & Company, and Goldman Sachs attending.

Portfolio Pulse from

November 21, 2024 | 5:00 pm

Cerence (CRNC) reported a Q4 loss of $0.07 per share, which was better than the expected loss of $0.32 per share. This is a decline from the $0.09 earnings per share reported a year ago.

Portfolio Pulse from

November 21, 2024 | 2:30 pm

Cerence's Q4 fiscal 2024 results are expected to be negatively impacted by weak demand from automotive OEMs, which could affect CRNC stock performance.

Portfolio Pulse from

November 19, 2024 | 5:00 pm

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