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

9.73

Mkt cap

421M

Volume

1.1M

High

9.88

P/E Ratio

-0.64

52-wk high

27.50

Low

9.49

Div yield

N/A

52-wk low

2.34

Cerence Inc. has launched Cerence xUI, a new AI assistant platform designed to enhance in-car user experiences by integrating edge and cloud technologies.

Portfolio Pulse from

March 13, 2025 | 12:45 pm

Cerence is focusing on generative AI to boost its automotive virtual assistant offerings, particularly through its CaLLM product. Despite a revenue decline, the company is seeing growth in connected car shipments and forming new partnerships. Restructuring efforts are underway to cut costs and improve profit margins.

Portfolio Pulse from

March 05, 2025 | 1:15 pm

Cerence (CRNC) has seen a 75% rise in its stock price year-to-date, driven by an expanding client base and strong partnerships. However, concerns about competition and high valuation persist.

Portfolio Pulse from

February 18, 2025 | 4:00 pm

Cerence Inc. held its Q1 2025 earnings call, discussing financial performance and future outlook. The call included participation from key executives and analysts.

Portfolio Pulse from

February 07, 2025 | 1:00 am

Cerence (CRNC) reported a Q1 loss of $0.03 per share, which was better than the expected loss of $0.27 per share. This is a significant improvement compared to the previous year's earnings of $1.12 per share.

Portfolio Pulse from

February 07, 2025 | 12:00 am

Cerence Inc. (NASDAQ: CRNC) reported its first quarter fiscal year 2025 results, highlighting its position as a leader in AI for transportation.

Portfolio Pulse from

February 06, 2025 | 9:15 pm

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

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