Cerence

Cerence, Inc. builds automotive cognitive assistance solutions to power natural and intuitive interactions between automobiles, drivers and passengers, and the broader digital world. It also engages in the sale of software licenses and cloud-connected services. The company was founded on October 1, 2019 and is headquartered in Burlington, MA.

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Cerence surpasses Q1 expectations, eyes future automotive trends for growth

Cerence delivered a strong Q1 performance, exceeding guidance and showcasing strength in core auto business and connected services.
While facing challenges with semiconductor shortages, the company remains focused on innovation, cost savings, and driving long-term sustainable growth.
Investors are keen on underlying metrics reflecting growth potential and are optimistic about future revenue opportunities from evolving automotive trends.
Cerence's strategic focus on execution, innovation, and competitiveness positions it well for continued success and growth in the market.

Cerence beats Q2 revenue expectations, focuses on AI innovation

Cerence delivered a strong performance in Q2, exceeding revenue guidance and demonstrating operational excellence. While facing challenges in certain revenue segments, the company's strategic wins and focus on AI technologies present promising opportunities for growth. Cerence's financial position remains solid, with healthy cash flow and a strong balance sheet.

Cerence reports solid Q3 performance, eyes growth through AI innovation

Cerence delivered strong Q3 results with revenue meeting guidance and notable profitability metrics. The company's focus on AI innovation, global market expansion, and debt restructuring positions it for growth. Strategic wins and emphasis on new business underscore long-term success strategies.

Cerence surpasses Q4 revenue expectations, navigates strategic shifts

Cerence's Q4 performance exceeded expectations, with a strong revenue outlook for FY '24.
Strategic wins in automotive and generative AI space position Cerence for future growth.
Challenges in fixed contracts and revenue stabilization require strategic adjustments.
Opportunities lie in product diversification, upselling, and process improvements for growth.

Cerence surpasses Q1 revenue expectations, eyes growth through strategic partnerships

Cerence's Q1 2024 performance exceeded expectations, showcasing strong revenue and profitability metrics.
Strategic partnerships with industry leaders and market traction in key regions highlight Cerence's competitive edge.
While challenges like revenue guidance and market dynamics persist, Cerence's focus on innovation and global presence bode well for future growth.

Cerence (CRNC) surpasses Q2 revenue targets, eyes growth opportunities

Cerence (CRNC) demonstrated resilience in Q2 with revenue exceeding expectations and a focus on core automotive business strengthening.
While facing challenges such as backlog reduction and revenue fluctuations, the company remains agile and anticipates growth opportunities.
Strategic initiatives, financial stability, and market adaptability position Cerence (CRNC) for sustainable growth and market leadership in the AI automotive sector.

Cerence beats Q4 revenue targets and aims for profitability in 2025

Cerence delivered strong financial performance in Q4 2024, exceeding revenue and EBITDA expectations.
The company's focus on innovation, cost reduction, and profitability sets a positive trajectory for fiscal year 2025.
Challenges lie in returning to profitability and maintaining market momentum amidst competition and disruptions.
Opportunities for growth exist through operational streamlining, new product offerings, and revenue expansion strategies.

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Cerence, Inc. engages in building artificial intelligence-powered virtual assistants for the mobility and transportation market. Its products include core technologies, apps and multi-modality, audio AI, adjacent markets, professional services and platform developers. The company was founded on October 1, 2019 and is headquartered in Burlington, MA.

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Visteon will integrate Cerence conversational AI into recent SmartCore™ two-wheeler product award to deliver intuitive mobility experiences Visteon will integrate Cerence conversational AI into recent SmartCore™ two-wheeler product award to deliver intuitive mobility experiences

Cerence and Visteon Transform Two-Wheeler Experience with Integrated Voice-Enabled Cockpit Electronics Solution

Raymond James analyst Brian Gesuale downgraded Cerence Inc (NASDAQ: CRNC) to Market Perform from Outperform after the share price dropped from the firm's initial $115 price target. The current share price was 8.1% above the price target.

Raymond James Downgrades Cerence To Market Perform From Outperform As It Falls Short Of Analyst Price Target

Short-sellers were caught off guard by good news for the automotive software maker.

Why Cerence Is Soaring Far Ahead of the Market Today

Cerence Inc (NASDAQ: CRNC) will replace Adtalem Global Education Inc (NYSE: ATGE) in the S&P MidCap 400 effective July 7 before the market open. Adtalem Global Education will replace Boston Private Financial Holdings Inc (NASDAQ: BPFH) in the S&P SmallCap 600.

Why Is Cerence (CRNC) Stock Surging?

BURLINGTON, Mass., July 02, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced the company will be added to the S&P MidCap 400, effective prior to the opening of trading on Wednesday, July 7, 2021.

Cerence to be Added to the S&P MidCap 400 Effective July 7, 2021

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NEW YORK, July 1, 2021 /PRNewswire/ -- Cerence Inc (NASD: CRNC) will replace Adtalem Global Education Inc. (NYSE: ATGE) in the S&P MidCap 400 and Adtalem Global Education will replace Boston Private Financial Holdings Inc. (NASD: BPFH) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, July 7. S&P 500 constituent SVB Financial Group (NASD: SIVB) completed its acquisition of Boston Private Financial Holdings today.

Cerence Set to Join S&P MidCap 400; Adtalem Global Education to Join S&P SmallCap 600

Drivers can use Cerence technology to access SiriusXM programming with simple and intuitive voice commands in vehicles equipped with SiriusXM satellite radios and next-gen SiriusXM with 360L radios Drivers can use Cerence technology to access SiriusXM programming with simple and intuitive voice commands in vehicles equipped with SiriusXM satellite radios and next-gen SiriusXM with 360L radios

Cerence and SiriusXM Enter Into Agreement to Enhance Voice-Powered Entertainment Experience for Automakers and their Drivers

Cerence (CRNC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can Cerence (CRNC) Run Higher on Rising Earnings Estimates?

As of late, it has definitely been a great time to be an investor of Cerence (CRNC)

Can the Rally in Cerence (CRNC) Shares Continue?

BURLINGTON, Mass., June 01, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the 5th Annual Needham Virtual Automotive Tech Conference on Tuesday, June 8, 2021 at 9:30 a.m. Eastern Time. The fireside chat format will feature Sanjay Dhawan, Cerence CEO, and Mark Gallenberger, Cerence CFO.

Cerence to Present at the 5th Annual Needham Virtual Automotive Tech Conference

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Companies bring AI- and voice-powered fuel payments to drivers in Europe Companies bring AI- and voice-powered fuel payments to drivers in Europe

Cerence Partners with CarPay-Diem for Enhanced Fuel Payment Capabilities in Cerence Pay

Cerence Inc. (CRNC) CEO Sanjay Dhawan on Q2 2021 Results - Earnings Call Transcript

Shares of Cerence (NASDAQ:CRNC) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share rose 60.47% year over year to $0.69, which beat the estimate of $0.52.

Cerence: Q2 Earnings Insights

Cerence Announces Record Second Quarter 2021 Results

Cerence's (CRNC) Q2 results likely to reflect benefits from increased usage of artificial intelligence to design robust applications for advanced driver assisted systems in self-driving vehicles.

Cerence (CRNC) to Report Q2 Earnings: What's in the Offing?

BURLINGTON, Mass., May 03, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the 2021 Wells Fargo Securities Virtual Industrials Conference on Thursday, May 6, 2021 at 11:20 a.m. Eastern Time. The fireside chat format will feature Sanjay Dhawan, Cerence CEO, and Mark Gallenberger, Cerence CFO.

Cerence to Present at the 2021 Wells Fargo Securities Virtual Industrials Conference

BURLINGTON, Mass., May 03, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its second quarter, fiscal year 2021 financial results for the quarter ended March 31, 2021 on Monday, May 10, 2021 at 7:00 a.m. EST / 4:00 a.m. PST.

Cerence to Announce Fiscal Second Quarter Results on May 10, 2021

Cerence (CRNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Cerence (CRNC) Earnings Expected to Grow: Should You Buy?

Cerence is an industry leader in the field of smart technology for automobiles. It's seen rapid adoption of its technologies and has promising areas for growth.

Cerence: Prepare For Takeoff

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Cerence execs to present at global voice and automotive industry events through April and May Cerence execs to present at global voice and automotive industry events through April and May

Cerence to Join NVIDIA, Fellow Industry Leaders to Discuss Edge AI Computing in Automotive at NVIDIA GTC 2021

New Cerence offering enables automakers to preserve their unique, branded experiences and data ownership through OS-agnostic approach to conversational assistant development New Cerence offering enables automakers to preserve their unique, branded experiences and data ownership through OS-agnostic approach to conversational assistant development

Cerence's Industry-Leading Automotive Conversational AI Platform Now Available on Android Automotive OS, Advancing Coexistence Between Mobility and General-Purpose Assistants

News for Cerence Stock (CRNC)