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

3.21

Mkt cap

130M

Volume

585K

High

3.24

P/E Ratio

-0.22

52-wk high

21.66

Low

3.04

Div yield

N/A

52-wk low

2.34

Several information technology stocks experienced significant price movements during Monday's intraday session. Notable gainers included Sobr Safe, OneConnect Financial Tech, and Cerence, while ZenaTech, TROOPS, and Taoping were among the biggest losers.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 4:30 pm

Cerence shares rose as the company appointed a new CEO and reaffirmed its Q4 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 2:12 pm

Cerence has reaffirmed its Q4 fiscal 2024 revenue guidance, expecting revenue between $44M and $50M, a GAAP net loss of $32M to $28M, and an adjusted EBITDA loss of $19M to $13M.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 12:12 pm

Cerence Inc. has appointed Brian Krzanich as the new CEO, replacing Stefan Ortmanns. This leadership change is effective immediately.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 12:11 pm

Several information technology stocks experienced significant price movements during Thursday's after-market session. Notable gainers included Alpha Technology Group, Prairie Operating, and Comtech Telecom, while BTC Digital and MicroCloud Hologram were among the biggest losers.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 8:30 pm

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

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