Cerence/CRNC

$14.86

1.99%
-
1D1W1MYTD1YMAX

About Cerence

Cerence Inc. is a provider of artificial intelligence (AI)-powered assistants for connected and autonomous vehicles. The Company is engaged in selling software licenses and cloud-connected services. Its software platform is used to build virtual assistants that can communicate, find information and take action across an expanding variety of categories. Its software platform has a hybrid architecture combining edge software components with cloud-connected components. Its Edge software components are installed on a vehicle’s head unit and can operate without access to external networks and information. Its Cloud-connected components are comprised of certain speech and natural language understanding related technologies, AI-enabled personalization and context-based response frameworks, and a content integration platform. It delivers its solutions on a white-label basis, enabling its customers to deliver customized virtual assistants with branded personalities.

Ticker

CRNC

Sector

Technology

Trading on

NASDAQ

Industry

Software & Programming

CEO

Stefan Ortmanns

Employees

1,700

Headquarters

Burlington, United States

Cerence Metrics

BasicAdvanced
$589.7M
Market cap
-
P/E ratio
-$0.86
EPS
2.45
Beta
-
Dividend rate

What the Analysts think about Cerence

Analyst Ratings

Majority rating from 9 analysts.
Hold

Price Targets

Average projection from 8 analysts.
48.92% upside
High $27.00
Low $19.00
$14.86
Current price
$22.13
Average price target

Cerence Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
17.2% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$138.3M
71.38%
Net income
$23.8M
-306.96%
Profit margin
17.2%
-220.7%

Cerence Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 24.48%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
-$0.04
-$0.04
$0.09
$1.12
-
Expected
-$0.13
-$0.14
$0.15
$0.90
-$0.22
Surprise
-68.11%
-71.33%
-38.57%
24.48%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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