Summary
3.20 0.18(5.96%)06/21/2024
Cerence Inc (CRNC)
Cerence Inc (CRNC)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| 5.79 | 7.20 | -17.21 | -78.72 | -82.74 | -90.37 | 0.00 | -87.45 |
Last 730 data points are shown. To view all data, Upgrade to PRO plan with only $1
| Trading Data | ||
| Close | 3.20 | |
| Open | 3.02 | |
| High | 3.24 | |
| Low | 2.95 | |
| Volume | 2,269,477 | |
| Change | 0.18 | |
| Change % | 5.79 | |
| Avg Volume (20 Days) | 1,628,404 | |
| Volume/Avg Volume (20 Days) Ratio | 1.39 | |
| 52 Week Range | 2.74 - 34.55 | |
| Price vs 52 Week High | -90.74% | |
| Price vs 52 Week Low | 16.79% | |
| Range | 5.96 | |
| Gap Up/Down | -0.11 | |
Fundamentals | ||
| Market Capitalization (Mln) | 134 | |
| EBIDTA | 91,947,000 | |
| PE Ratio | 66.7351 | |
| PEG Ratio | 0.0000 | |
| WallStreet Target Price | 119.92 | |
| Book Value | 27.1390 | |
| Earnings Per Share | 1.1700 | |
| EPS Estimate Current Quarter | 0.5600 | |
| EPS Estimate Next Quarter | 0.5800 | |
| EPS Estimate Current Year | 2.4500 | |
| EPS Estimate Next Year | 2.6900 | |
| Diluted EPS (TTM) | 1.1700 | |
| Revenues | ||
| Profit Marging | 0.1185 | |
| Operating Marging (TTM) | 0.1697 | |
| Return on asset (TTM) | 0.0242 | |
| Return on equity (TTM) | 0.0461 | |
| Revenue TTM | 387,182,016 | |
| Revenue per share TTM | 10.2560 | |
| Quarterly Revenue Growth (YOY) | 0.0750 | |
| Quarterly Earnings Growth (YOY) | -0.0520 | |
| Gross Profit (TTM) | 293,624,000 | |
| Dividends | ||
| Dividend Share | 0.0000 | |
| Dividend Yield | ||
| Valuations | ||
| Trailing PE | 66.7351 | |
| Forward PE | 32.6797 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 2.8688 | |
| Revenue Enterprise Value | 7.9801 | |
| EBITDA Enterprise Value | 33.6109 | |
| Shares | ||
| Shares Outstanding | 38,538,000 | |
| Shares Float | 37,922,983 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.00 | |
| Insider (%) | 0.56 | |
| Institutions (%) | 103.15 | |
06/12 16:15 EST - globenewswire.com
Cerence Appoints Jennifer Salinas, SVP & General Counsel, to New Role of EVP & Chief Administrative Officer
BURLINGTON, Mass., June 12, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that Jennifer Salinas, Senior Vice President & General Counsel, has been promoted to the newly created role of Executive Vice President & Chief Administrative Officer, effective June 7, 2024.
Cerence Appoints Jennifer Salinas, SVP & General Counsel, to New Role of EVP & Chief Administrative Officer
BURLINGTON, Mass., June 12, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that Jennifer Salinas, Senior Vice President & General Counsel, has been promoted to the newly created role of Executive Vice President & Chief Administrative Officer, effective June 7, 2024.
06/04 16:15 EST - globenewswire.com
Cerence Names Tony Rodriquez as Interim Chief Financial Officer
BURLINGTON, Mass., June 04, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that it has appointed Antonio (“Tony”) Rodriquez as its interim Chief Financial Officer (CFO), effective June 4, 2024.
Cerence Names Tony Rodriquez as Interim Chief Financial Officer
BURLINGTON, Mass., June 04, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that it has appointed Antonio (“Tony”) Rodriquez as its interim Chief Financial Officer (CFO), effective June 4, 2024.
05/29 08:00 EST - globenewswire.com
Cerence to Power Zeekr Multilingual AI Assistant
BURLINGTON, Mass., May 29, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that premium electric vehicle (EV) maker Zeekr will integrate Cerence conversational AI technology into its in-car virtual assistant.
Cerence to Power Zeekr Multilingual AI Assistant
BURLINGTON, Mass., May 29, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that premium electric vehicle (EV) maker Zeekr will integrate Cerence conversational AI technology into its in-car virtual assistant.
05/09 21:50 EST - seekingalpha.com
Cerence Inc. (CRNC) Q2 2024 Earnings Call Transcript
Cerence Inc. (NASDAQ:CRNC ) Q2 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Rich Yerganian - SVP, Investor Relations Stefan Ortmanns - Chief Executive Officer Daniel Tempesta - Chief Financial Officer Conference Call Participants Jeff Van Rhee - Craig-Hallum Nick Doyle - Needham & Company Operator Thank you for standing by. My name is Romani [ph] and I will be your conference operator today.
Cerence Inc. (CRNC) Q2 2024 Earnings Call Transcript
Cerence Inc. (NASDAQ:CRNC ) Q2 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Rich Yerganian - SVP, Investor Relations Stefan Ortmanns - Chief Executive Officer Daniel Tempesta - Chief Financial Officer Conference Call Participants Jeff Van Rhee - Craig-Hallum Nick Doyle - Needham & Company Operator Thank you for standing by. My name is Romani [ph] and I will be your conference operator today.
05/09 10:36 EST - zacks.com
Compared to Estimates, Cerence (CRNC) Q2 Earnings: A Look at Key Metrics
The headline numbers for Cerence (CRNC) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Compared to Estimates, Cerence (CRNC) Q2 Earnings: A Look at Key Metrics
The headline numbers for Cerence (CRNC) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
05/09 09:40 EST - zacks.com
Cerence (CRNC) Reports Q2 Loss, Tops Revenue Estimates
Cerence (CRNC) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.04 per share a year ago.
Cerence (CRNC) Reports Q2 Loss, Tops Revenue Estimates
Cerence (CRNC) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.04 per share a year ago.
05/09 07:00 EST - globenewswire.com
Cerence Announces Second Quarter Fiscal Year 2024 Results
Headlines Q2 revenue above the high end of the guidance range due to OEM-related adjustments; however, Company lowering its FY24 guidance and withdrawing its multi-year plan Included in Q2 results is a Goodwill impairment charge of approximately $252 million Company believes that initial success with new generative AI products, including six design wins, and early validation of its next-gen platform will provide a solid foundation to reinvigorate future growth BURLINGTON, Mass., May 09, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today reported its second quarter fiscal year 2024 results for the quarter ended March 31, 2024.
Cerence Announces Second Quarter Fiscal Year 2024 Results
Headlines Q2 revenue above the high end of the guidance range due to OEM-related adjustments; however, Company lowering its FY24 guidance and withdrawing its multi-year plan Included in Q2 results is a Goodwill impairment charge of approximately $252 million Company believes that initial success with new generative AI products, including six design wins, and early validation of its next-gen platform will provide a solid foundation to reinvigorate future growth BURLINGTON, Mass., May 09, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today reported its second quarter fiscal year 2024 results for the quarter ended March 31, 2024.
05/08 10:17 EST - zacks.com
Stay Ahead of the Game With Cerence (CRNC) Q2 Earnings: Wall Street's Insights on Key Metrics
Get a deeper insight into the potential performance of Cerence (CRNC) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Stay Ahead of the Game With Cerence (CRNC) Q2 Earnings: Wall Street's Insights on Key Metrics
Get a deeper insight into the potential performance of Cerence (CRNC) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
05/06 06:00 EST - investorplace.com
Shhh! 3 Secret AI Stocks Flying Below Wall Street's Radar
While artificial intelligence represents one of the hottest ticket items out there, the reality is that many if not most AI stocks are overvalued. However, digital intelligence doesn't have to come at a premium price.
Shhh! 3 Secret AI Stocks Flying Below Wall Street's Radar
While artificial intelligence represents one of the hottest ticket items out there, the reality is that many if not most AI stocks are overvalued. However, digital intelligence doesn't have to come at a premium price.
05/03 14:28 EST - businesswire.com
CERENCE INVESTIGATION CONTINUED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Cerence Inc. - CRNC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF continues its investigation into Cerence Inc. (NasdaqGS: CRNC). On November 22, 2021, the Company disclosed revenue guidance for the first quarter and full fiscal year 2022 well below analysts' expectations. On February 7, 2022, the Company announced its results for 1Q2022 ended on December 31, 2021, disclosing that t.
CERENCE INVESTIGATION CONTINUED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Cerence Inc. - CRNC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF continues its investigation into Cerence Inc. (NasdaqGS: CRNC). On November 22, 2021, the Company disclosed revenue guidance for the first quarter and full fiscal year 2022 well below analysts' expectations. On February 7, 2022, the Company announced its results for 1Q2022 ended on December 31, 2021, disclosing that t.
04/25 16:30 EST - globenewswire.com
Cerence to Announce Fiscal Second Quarter Results on May 9, 2024
BURLINGTON, Mass., April 25, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its second quarter financial results for the quarter ended March 31, 2024 on Thursday, May 9, 2024 at 7:00 a.m.
Cerence to Announce Fiscal Second Quarter Results on May 9, 2024
BURLINGTON, Mass., April 25, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its second quarter financial results for the quarter ended March 31, 2024 on Thursday, May 9, 2024 at 7:00 a.m.
04/19 22:45 EST - prnewswire.com
CERENCE INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Cerence Inc. - CRNC
NEW ORLEANS , April 19, 2024 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq.
CERENCE INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Cerence Inc. - CRNC
NEW ORLEANS , April 19, 2024 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq.
04/12 13:20 EST - investorplace.com
3 Tech Stocks to Buy to Triple Your Investment by 2025
Tech stocks have been on an absolute tear over the past two and a half decades, handily outperforming all other sectors. And with artificial intelligence now supercharging these companies, I believe the tech sector is poised to continue seeing accelerating growth over the next 20 years as well.
3 Tech Stocks to Buy to Triple Your Investment by 2025
Tech stocks have been on an absolute tear over the past two and a half decades, handily outperforming all other sectors. And with artificial intelligence now supercharging these companies, I believe the tech sector is poised to continue seeing accelerating growth over the next 20 years as well.
03/25 10:10 EST - zacks.com
Cerence (CRNC) Boosts In-Car Experience with CaLLM AI Platform
Cerence (CRNC) transforms the automotive experience with CaLLM, powered by NVIDIA, offering seamless, intuitive interactions in the cars of the future.
Cerence (CRNC) Boosts In-Car Experience with CaLLM AI Platform
Cerence (CRNC) transforms the automotive experience with CaLLM, powered by NVIDIA, offering seamless, intuitive interactions in the cars of the future.
03/21 08:00 EST - globenewswire.com
Cerence Engages First Automaker Customers for CaLLM™, Its Pioneering Automotive Large Language Model
BURLINGTON, Mass., March 21, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced early momentum for CaLLM™ (Cerence Automotive Large Language Model), its automotive-specific LLM that serves as the foundation for Cerence's next-generation in-car computing platform.
Cerence Engages First Automaker Customers for CaLLM™, Its Pioneering Automotive Large Language Model
BURLINGTON, Mass., March 21, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced early momentum for CaLLM™ (Cerence Automotive Large Language Model), its automotive-specific LLM that serves as the foundation for Cerence's next-generation in-car computing platform.
03/19 08:00 EST - globenewswire.com
Cerence Announces Equity Grant to Employee Under Inducement Plan
BURLINGTON, Mass., March 19, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (the “Company”), AI for a world in motion, today announced that, in connection with Daniel Tempesta's recent appointment as Chief Financial Officer effective March 18, 2024, the Company granted Mr. Tempesta an initial equity award with a target aggregate value of $3 million. Such award consists of 102,599 time-based restricted stock units and 102,599 performance-based restricted stock units, based on the average closing price of the Company's common stock over the trailing 20 trading days ending on the date of grant. The time-based restricted stock units will vest in three equal installments on each of October 1, 2024, October 1, 2025, and October 1, 2026, in each case subject to Mr. Tempesta's continued service with the Company through the applicable vesting date. The performance-based restricted stock units will be earned based on the Company's performance upon the completion of each of fiscal year 2024, 2025, and 2026, with one-third of the total performance-based restricted stock units eligible to be earned for each fiscal year, subject to Mr. Tempesta's continued service with the Company through such vesting date. In addition, the Company granted Mr. Tempesta a one-time sign-on equity award with a target aggregate value of $3 million, consisting of 205,198 restricted stock units based on the average closing price of the Company's common stock over the trailing 20 trading days ending on the date of grant, which vests in three equal installments on each of December 15, 2024, December 15, 2025, and December 15, 2026, subject to Mr. Tempesta's continued service with the Company through such vesting date. All of these awards were granted as an inducement material to Mr. Tempesta entering into employment with the Company pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules.
Cerence Announces Equity Grant to Employee Under Inducement Plan
BURLINGTON, Mass., March 19, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (the “Company”), AI for a world in motion, today announced that, in connection with Daniel Tempesta's recent appointment as Chief Financial Officer effective March 18, 2024, the Company granted Mr. Tempesta an initial equity award with a target aggregate value of $3 million. Such award consists of 102,599 time-based restricted stock units and 102,599 performance-based restricted stock units, based on the average closing price of the Company's common stock over the trailing 20 trading days ending on the date of grant. The time-based restricted stock units will vest in three equal installments on each of October 1, 2024, October 1, 2025, and October 1, 2026, in each case subject to Mr. Tempesta's continued service with the Company through the applicable vesting date. The performance-based restricted stock units will be earned based on the Company's performance upon the completion of each of fiscal year 2024, 2025, and 2026, with one-third of the total performance-based restricted stock units eligible to be earned for each fiscal year, subject to Mr. Tempesta's continued service with the Company through such vesting date. In addition, the Company granted Mr. Tempesta a one-time sign-on equity award with a target aggregate value of $3 million, consisting of 205,198 restricted stock units based on the average closing price of the Company's common stock over the trailing 20 trading days ending on the date of grant, which vests in three equal installments on each of December 15, 2024, December 15, 2025, and December 15, 2026, subject to Mr. Tempesta's continued service with the Company through such vesting date. All of these awards were granted as an inducement material to Mr. Tempesta entering into employment with the Company pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules.
03/04 22:36 EST - seekingalpha.com
Cerence: Poised For Rebound With Strong Pipeline
Cerence is a leading company in automotive AI assistants used by major car manufacturers globally. Share performance has been lackluster, currently down 22% YTD, but the stock appears undervalued, based on my price target model. CRNC has guided strong revenue growth in FY 2024, supported by several catalysts, such as NVIDIA and Microsoft partnerships and strong product adoptions.
Cerence: Poised For Rebound With Strong Pipeline
Cerence is a leading company in automotive AI assistants used by major car manufacturers globally. Share performance has been lackluster, currently down 22% YTD, but the stock appears undervalued, based on my price target model. CRNC has guided strong revenue growth in FY 2024, supported by several catalysts, such as NVIDIA and Microsoft partnerships and strong product adoptions.
03/04 08:00 EST - globenewswire.com
Cerence Names Daniel Tempesta as Chief Financial Officer
BURLINGTON, Mass., March 04, 2024 (GLOBE NEWSWIRE) -- Cerence Inc.
Cerence Names Daniel Tempesta as Chief Financial Officer
BURLINGTON, Mass., March 04, 2024 (GLOBE NEWSWIRE) -- Cerence Inc.
02/27 08:00 EST - globenewswire.com
Cerence Announces Its Participation at Two Upcoming Investor Conferences
BURLINGTON, Mass., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will be presenting at the Raymond James 45th Annual Investor Conference on Tuesday, March 5 in Orlando, FL and at the Morgan Stanley Technology, Media and Telecom Conference on March 7 in San Francisco, CA.
Cerence Announces Its Participation at Two Upcoming Investor Conferences
BURLINGTON, Mass., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will be presenting at the Raymond James 45th Annual Investor Conference on Tuesday, March 5 in Orlando, FL and at the Morgan Stanley Technology, Media and Telecom Conference on March 7 in San Francisco, CA.