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.

Cerence (CRNC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -10.29% in 4 Weeks, Here's Why You Should You Buy the Dip in Cerence (CRNC)

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Cerence has both positive and negative aspects, with signs of a turning quarter and future growth potential. The stock is not attractively priced, and there is a high level of optimism regarding fiscal 2024 profitability. While revenue growth rates are expected to improve, concerns remain about profitability and the decision to raise capital through convertible debt.

Cerence: Revolutionizing The Road With AI Assistants

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Is Cerence (CRNC) Stock Outpacing Its Computer and Technology Peers This Year?

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BURLINGTON, Mass., June 22, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today the pricing of $190.0 million aggregate principal amount of 1.50% convertible senior notes due 2028 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering, Cerence granted the initial purchasers an option to purchase up to an additional $20.0 million aggregate principal amount of notes. The sale of the notes to the initial purchasers is expected to close on June 26, 2023, subject to customary closing conditions.

Cerence Inc. Prices Offering of $190 Million 1.50% Convertible Senior Notes due 2028

BURLINGTON, Mass., June 21, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it intends to offer, subject to market conditions and other factors, $190.0 million aggregate principal amount of convertible senior notes due 2028 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering, Cerence expects to grant the initial purchasers an option to purchase up to an additional $20.0 million aggregate principal amount of notes.

Cerence Inc. Announces Proposed Offering of $190 Million Convertible Senior Notes due 2028

BURLINGTON, Mass., June 20, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that Lawyers of Color has named Cerence's SVP & General Counsel Jennifer Salinas to its 2023 Power List. Lawyers of Color's annual Power List recognizes the most influential minority attorneys and allies in the United States. Honorees include Fortune 1000 general counsel and law school deans, as well as private practitioners, legal media, and nonprofit leaders.

Cerence SVP & General Counsel Jennifer Salinas Named to Lawyers of Color's 2023 Power List

Cerence (CRNC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Cerence (CRNC) Soars 8.7%: Is Further Upside Left in the Stock?

Leading OEM is the first automaker to leverage Cerence JustTalk to simplify and streamline interaction with the in-car assistant Leading OEM is the first automaker to leverage Cerence JustTalk to simplify and streamline interaction with the in-car assistant

Cerence Enhances the Driving Experience for Premium German Automaker with JustTalk Technology

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The mean of analysts' price targets for Cerence (CRNC) points to a 26.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think Cerence (CRNC) Could Surge 26.87%: Read This Before Placing a Bet

BURLINGTON, Mass., May 22, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will be presenting at several upcoming investor conferences over the next few weeks.

Cerence to Present at Several Upcoming Investor Conferences

Cerence continues to grow its presence in two-wheeler market; enables Loncin Motors to export advanced, multi-language conversational AI that keeps riders safe and connected Cerence continues to grow its presence in two-wheeler market; enables Loncin Motors to export advanced, multi-language conversational AI that keeps riders safe and connected

Cerence Ride to Bring Conversational AI Experience to Loncin Motorcycles Worldwide

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Cerence Inc. (NASDAQ:CRNC ) Q2 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Rich Yerganian - SVP-IR Stefan Ortmanns - CEO Tom Beaudoin - CFO Conference Call Participants Jeff Van Rhee - Craig-Hallum Capital Group Colin Langan - Wells Fargo Mark Delaney - Goldman Sachs Operator Good morning, and thank you for standing by. Welcome to the Cerence Second Quarter 2023 Earnings Call.

Cerence Inc. (CRNC) Q2 2023 Earnings Call Transcript

Headlines Strong Core Business drives revenue and profitability Bookings for the first six months of $263M with visibility into an expected strong second half of the fiscal year Cerence records another win-back for providing connected services in North America for a global luxury OEM Generative AI drives enhanced version of Car Knowledge BURLINGTON, Mass., May 09, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today reported its second quarter fiscal year 2023 results for the quarter ended March 31, 2023.

Cerence Announces Second Quarter Fiscal Year 2023 Results

Major global legacy OEM awards Cerence its cloud business in North America Major global legacy OEM awards Cerence its cloud business in North America

Cerence Signs Competitive Win-Back with International Luxury Automaker

BURLINGTON, Mass., April 27, 2023 (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, 2023 on Tuesday, May 9, 2023 at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time.

Cerence to Announce Fiscal Second Quarter Results on May 9, 2023

Shanghai Volkswagen Automotive Co. (SVW) and FAW-Volkswagen (FAW-VW) will leverage Cerence's multi-lingual solutions to deliver safer, more convenient in-car experiences Shanghai Volkswagen Automotive Co. (SVW) and FAW-Volkswagen (FAW-VW) will leverage Cerence's multi-lingual solutions to deliver safer, more convenient in-car experiences

Banma Selects Cerence to Bring Conversational AI to China's Largest OEMs

Cerence (CRNC) introduces next-generation, artificial intelligence-powered voice biometrics into its Assistant solution, ensuring enhanced security and personalization among drivers and passengers.

Cerence (CRNC) Launches Voice Biometrics in Assistant Solution

Optimized for the in-car experience, advanced biometric capabilities in Cerence Assistant empower drivers and passengers with safe, secure interactions Optimized for the in-car experience, advanced biometric capabilities in Cerence Assistant empower drivers and passengers with safe, secure interactions

News for Cerence Stock (CRNC)