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

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

Volkswagen Group has deployed Cerence Chat Pro, an AI-powered in-car assistant, to its European models. This marks the first time the solution is available to drivers, leveraging ChatGPT's large language model for enhanced conversational capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:04 pm

The article highlights the performance of various Information Technology stocks during Thursday's after-market session. Adobe (NASDAQ:ADBE) saw a significant increase of 14.1% following its Q2 earnings report. Other gainers include Veritone (NASDAQ:VERI), Freshworks (NASDAQ:FRSH), Sobr Safe (NASDAQ:SOBR), CommScope Hldg Co (NASDAQ:COMM), and Cerence (NASDAQ:CRNC). On the losing side, Ostin Technology Group (NASDAQ:OST) experienced a notable decline of 17.8%, along with other decliners such as Spectaire Holdings (NASDAQ:SPEC), Cyngn (NASDAQ:CYN), Quantum (NASDAQ:QMCO), Banzai International (NASDAQ:BNZI), and Akoustis Technologies (NASDAQ:AKTS).

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 8:30 pm

Cerence Inc. (NASDAQ:CRNC) has appointed Tony Rodriquez as its interim CFO, effective June 4, 2024. Rodriquez brings over 25 years of financial leadership experience across various industries.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 8:18 pm

The article highlights the intraday movements of 12 information technology stocks on Tuesday. Notable gainers include Sobr Safe (NASDAQ:SOBR) with a 101.4% increase and AEye (NASDAQ:LIDR) with a 23.13% rise. On the losing side, SMX (NASDAQ:SMX) fell by 17.0% and Signing Day Sports (AMEX:SGN) declined by 13.05%.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 4:31 pm

The article highlights the intraday movements of various information technology stocks on Friday. Notable gainers include Presto Automation (PRST), SPI Energy (SPI), Wetouch Technology (WETH), AMTD Digital (HKD), Ouster (OUST), and SMX (Security Matters) (SMX). Significant losers include AmpliTech Group (AMPG), Ascent Solar Technologies (ASTI), AEye (LIDR), Bit Origin (BTOG), DXC Technology (DXC), and Cerence (CRNC).

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 4:30 pm

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