Cerence/CRNC

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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
$144M
Market cap
-
P/E ratio
-$6.87
EPS
2.39
Beta
-
Dividend rate
$144M
2.38788
$36.79
$3.16
1.2M
2.182
2.172
60.227
60.314
5.73%
-24.29%
-48.11%
-27.53%
0.412
0.31
16.49%
24.21%
-3.82%

What the Analysts think about Cerence

Analyst Ratings

Majority rating from 8 analysts.
Hold

Cerence Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
-409.88% profit margin
QuarterlyAnnual
Q2 24
QoQ growth
Revenue
$68M
-50.98%
Net income
-$278M
-1,267.65%
Profit margin
-409.88%
-2,483.02%

Cerence Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 59.05%
QuarterlyAnnual
Q3 23
Q4 23
Q1 24
Q2 24
Q3 24
Actual
-$0.04
$0.09
$1.12
-$0.09
-
Expected
-$0.14
$0.15
$0.90
-$0.22
$0.05
Surprise
-71.33%
-38.57%
24.48%
-59.05%
-
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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FAQs

What’s the current market cap for Cerence stock?

Cerence (CRNC) has a market cap of $144M as of June 18, 2024.

What is the P/E ratio for Cerence stock?

The price to earnings (P/E) ratio for Cerence (CRNC) stock is 0 as of June 18, 2024.

Does Cerence stock pay dividends?

No, Cerence (CRNC) stock does not pay dividends to its shareholders as of June 18, 2024.

When is the next Cerence dividend payment date?

Cerence (CRNC) stock does not pay dividends to its shareholders.

What is the beta indicator for Cerence?

Cerence (CRNC) has a beta rating of 2.39. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Cerence stock price target?

The target price for Cerence (CRNC) stock is $10.08, which is NaN% below the current price of $. This is an average based on projections from 6 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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