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

2.91

Mkt cap

124M

Volume

914K

High

3.01

P/E Ratio

-0.21

52-wk high

21.66

Low

2.83

Div yield

N/A

52-wk low

2.34

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

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

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