Cerence Inc. provides AI-powered assistants and innovations for connected and autonomous vehicles It offers edge software components; cloud-connected components; toolkits; applications; and virtual assistant coexistence and professional services. The company also provides conversational artificial intelligence, including voice recognition, natural language understanding, and artificial intelligence services. Cerence Inc. is headquartered in Burlington, Massachusetts.
IPO Year:
Exchange: NASDAQ
Website: cerence.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/7/2025 | $11.50 | Hold | TD Cowen |
| 1/22/2025 | $16.00 | Hold → Buy | Needham |
| 5/10/2024 | $25.00 → $6.50 | Overweight → Equal Weight | Wells Fargo |
| 5/7/2024 | Hold | Needham | |
| 2/7/2024 | $22.00 | Buy → Hold | Craig Hallum |
| 2/9/2023 | $24.00 → $40.00 | Hold → Buy | Craig Hallum |
| 8/10/2022 | $45.00 → $24.00 | Buy → Hold | Craig Hallum |
| 8/10/2022 | Outperform → Mkt Perform | Raymond James | |
| 7/7/2022 | $28.00 → $27.00 | Underperform → Sector Perform | RBC Capital Mkts |
| 2/22/2022 | $44.00 | Buy → Neutral | Goldman Sachs |
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8-K - Cerence Inc. (0001768267) (Filer)
8-K - Cerence Inc. (0001768267) (Filer)
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4 - Cerence Inc. (0001768267) (Issuer)
4 - Cerence Inc. (0001768267) (Issuer)
4 - Cerence Inc. (0001768267) (Issuer)
4 - Cerence Inc. (0001768267) (Issuer)
4 - Cerence Inc. (0001768267) (Issuer)
4 - Cerence Inc. (0001768267) (Issuer)
4 - Cerence Inc. (0001768267) (Issuer)
Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.
TD Cowen resumed coverage of Cerence with a rating of Hold and set a new price target of $11.50
Needham upgraded Cerence from Hold to Buy and set a new price target of $16.00
Wells Fargo downgraded Cerence from Overweight to Equal Weight and set a new price target of $6.50 from $25.00 previously
Needham resumed coverage of Cerence with a rating of Hold
Craig Hallum downgraded Cerence from Buy to Hold and set a new price target of $22.00
Craig Hallum upgraded Cerence from Hold to Buy and set a new price target of $40.00 from $24.00 previously
Craig Hallum downgraded Cerence from Buy to Hold and set a new price target of $24.00 from $45.00 previously
Raymond James downgraded Cerence from Outperform to Mkt Perform
RBC Capital Mkts upgraded Cerence from Underperform to Sector Perform and set a new price target of $27.00 from $28.00 previously
Goldman Sachs downgraded Cerence from Buy to Neutral and set a new price target of $44.00
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BURLINGTON, Mass., Jan. 06, 2026 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today announced that the Company will participate in the 28th Annual Needham Growth Conference in New York City. Cerence AI's President and Chief Executive Officer, Brian Krzanich, and its Chief Financial Officer, Tony Rodriquez, will give a presentation on Tuesday, January 13 at 8:45 am ET. A live webcast of the presentation will be available on the Company's website at www.cerence.ai under the "Investors" section. A replay of the webcast will be available for 90 days after the event. The Company also will conduct one-on-o
SUMMARY AND KEY POINTS: Cerence xUI™ combines hybrid, agentic intelligence with production-ready NVIDIA software and services running on Microsoft Azure, helping OEMs meet rising demand for fast, natural, LLM-powered in-car experiences.Cerence AI and NVIDIA expanded their collaboration in January 2025, and now multiple global automakers will deploy Cerence xUI on NVIDIA AI Enterprise in production vehicles launching in 2026, bringing a new era of AI-powered, high-performance assistants and agentic capabilities to drivers and passengers around the world.With NVIDIA NIM microservices, xUI delivers higher performance, lower latency, and faster production cycles for OEMs and end users. BURLING
LAS VEGAS and BURLINGTON, Mass., Jan. 05, 2026 (GLOBE NEWSWIRE) -- CES 2026 -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global technology leader in conversational AI-powered user experiences, today announced that Geely Auto will deploy Cerence xUI™, the company's hybrid, agentic AI platform, to comprehensively upgrade the automaker's overseas in-vehicle voice interaction experience. This collaboration – centered on Geely Auto's full-domain AI technology foundation and mature overseas market presence, as well as Cerence AI's leadership in hybrid, agentic AI – prioritizes the needs of overseas users, ensuring in-car voice interaction enhances driving safety and convenience. Leveraging
BURLINGTON, Mass., Dec. 24, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today announced that, in light of its current cash position and outlook for future cash generation, the Company entered into privately negotiated transactions with certain holders of its 1.50% Convertible Senior Notes Due 2028 (the "Notes"), pursuant to which the Company agreed to repurchase $30 million aggregate principal amount of the Notes from such holders at a cash repurchase price equal to 92% of their principal amount, together with the accrued and unpaid interest thereon to (but not including) the settlement date. Th
SUMMARY AND KEY POINTS: Cerence AI will unveil the latest updates to its Cerence xUI™ platform at CES 2026.The company will highlight CaLLM™ Edge running on several different chipsets, delivering faster performance, lower latency, and reliable in-car interaction even without connectivity.Cerence will introduce new AI agents for vehicle owners and dealerships, expanding its presence in the extended automotive ecosystem and beyond. LAS VEGAS and BURLINGTON, Mass., Dec. 18, 2025 (GLOBE NEWSWIRE) -- CES 2026 -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today unveiled an exciting lineup of innovations that it will showca
SUMMARY AND KEY POINTS: Cerence AI introduces new conversational AI agents for dealerships and OEMs, growing its portfolio of agentic, domain-specific solutions and expanding to new areas beyond the in-vehicle experience.The dealer assist agent empowers automotive dealerships with intelligent sales and service automation, advancing Cerence's strategy to deliver agentic AI solutions to extended automotive markets.The ownership companion agent enables OEMs to deliver an in-car AI service companion that provides proactive service and maintenance support to their drivers. LAS VEGAS (CES 2026) and BURLINGTON, Mass., Dec. 11, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"),
BURLINGTON, Mass., Dec. 01, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today announced that the Company will participate in the Raymond James TMT and Consumer Conference on Monday, December 8, 2025, in New York City. Cerence AI's President and Chief Executive Officer, Brian Krzanich, and its Chief Financial Officer, Tony Rodriquez, will take part in a fireside chat on December 8 at 2:20 pm ET. A live webcast will be available on the Company's website at www.cerence.ai under the "Investors" section. A replay of the webcast will be available for 90 days after the event. The Company will also con
Headlines Q4 revenue of $60.6 million and FY25 revenue of $251.8 million, both above high end of guidance range; Q4 Net cash provided by operating activities of $12.8 million and free cash flow of $9.7 millionFY25 net cash provided by operating activities of $61.2 million and free cash flow of $46.8 million, a nearly three-fold increase year-over-yearInitial FY26 revenue guidance of $300 million to $320 million marks a 23% year-over-year increase at the midpoint, including the results of the Company's first successful outcome in its efforts to protect and monetize its IPCompany continues to meet all milestones for its xUI platform while driving strong customer interest and adoption, with th
BURLINGTON, Mass., Nov. 05, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, will announce its fourth quarter financial results for the quarter ended September 30, 2025, on Wednesday, November 19, 2025, at 4:05pm Eastern Time / 1:05pm Pacific Time. The company will host a live conference call and webcast, with supplementary slides, to discuss the results on the same day at 5:00pm Eastern Time / 2:00pm Pacific Time. Interested investors and analysts are invited to join the audio conference call by registering here. Webcast access will be available at investors.cerence.com/. To learn more about Ceren
BURLINGTON, Mass., Oct. 16, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today announced that its hybrid, agentic AI platform, Cerence xUI™, was named AutoTech AI Solution of the Year in the sixth annual AutoTech Breakthrough Awards program recognizing the top companies, technologies, and products in the global automotive and transportation technology markets. xUI – which has already been adopted by several leading automakers as the basis for their next-gen in-car assistants – is powered by CaLLM™, the company's family of large and small language models. It offers multi-modal capabilities and sea
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Headlines Q4 revenue of $60.6 million and FY25 revenue of $251.8 million, both above high end of guidance range; Q4 Net cash provided by operating activities of $12.8 million and free cash flow of $9.7 millionFY25 net cash provided by operating activities of $61.2 million and free cash flow of $46.8 million, a nearly three-fold increase year-over-yearInitial FY26 revenue guidance of $300 million to $320 million marks a 23% year-over-year increase at the midpoint, including the results of the Company's first successful outcome in its efforts to protect and monetize its IPCompany continues to meet all milestones for its xUI platform while driving strong customer interest and adoption, with th
BURLINGTON, Mass., Nov. 05, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, will announce its fourth quarter financial results for the quarter ended September 30, 2025, on Wednesday, November 19, 2025, at 4:05pm Eastern Time / 1:05pm Pacific Time. The company will host a live conference call and webcast, with supplementary slides, to discuss the results on the same day at 5:00pm Eastern Time / 2:00pm Pacific Time. Interested investors and analysts are invited to join the audio conference call by registering here. Webcast access will be available at investors.cerence.com/. To learn more about Ceren
Headlines Revenue of $62.2 million; Net cash provided by operating activities of $23.7M; Free cash flow of $16.1 million marks fifth consecutive positive quarterCompany raises and narrows full fiscal year guidance for revenue, adjusted EBITDA and free cash flowCompany continues to advance innovation and gain customer momentum for Cerence xUI, its hybrid LLM-based platform BURLINGTON, Mass., Aug. 06, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today reported its third quarter fiscal year 2025 results for the quarter ended June 30, 2025. "I'm excited by our progress and proud of what our t
BURLINGTON, Mass., July 23, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, will announce its third quarter financial results for the quarter ended June 30, 2025, on Wednesday, August 6, 2025, at 4:05pm Eastern Time / 1:05pm Pacific Time. The company will host a live conference call and webcast, with supplementary slides, to discuss the results on the same day at 5:00pm Eastern Time / 2:00pm Pacific Time. Interested investors and analysts are invited to join the audio conference call by registering here. Webcast access will be available in the Investor section of the company's website, www.cerence
Headlines Revenue of $78M; free cash flow of $13.1M marks fourth consecutive positive quarterCompany reiterates full-year guidance for revenue and raises full-year guidance for profitability and cash flowContinued innovation and customer momentum for Cerence xUI, the company's next-gen platform BURLINGTON, Mass., May 07, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today reported its second quarter fiscal year 2025 results for the quarter ended March 31, 2025. Results Summary (1,2)(in millions, except per share data) Three Months Ended Six Months Ended March 31, March 31, 2025 2024 20
BURLINGTON, Mass., April 16, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, will announce its second quarter financial results for the quarter ended March 31, 2025, on Wednesday, May 7, 2025, at 4:05pm Eastern Time / 1:05pm Pacific Time. The company will host a live conference call and webcast, with supplementary slides, to discuss the results on the same day at 5:00pm Eastern Time / 2:00pm Pacific Time. Interested investors and analysts are invited to join the audio conference call by registering here. Webcast access will be available in the Investor section of the company's website, www.cerence.
BURLINGTON, Mass., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global industry leader in AI for transportation, today reported its first quarter fiscal year 2025 results for the quarter ended December 31, 2024. ResultsSummary(1,2)(in millions, except per share data) Three Months Ended December 31, 2024 2023 GAAP revenue $50.9 $138.3 GAAP gross margin 65.0% 81.0%Non-GAAP gross margin 65.9% 81.5%GAAP operating margin -33.3% 42.3%Non-GAAP operating margin -1.0% 49.4%GAAP net (loss) income $(24.3) $23.9 GAAP net (loss) income margin -47.7% 17.2%Non-GAAP net (loss) income $(1.5) $54.3 Adjusted EBITDA $1.4 $70.4 Adjusted EBITDA margin 2
BURLINGTON, Mass., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global industry leader in AI for transportation, will announce its first quarter financial results for the quarter ended December 31, 2024, on Thursday, February 6, 2025, at 4:05pm Eastern Time / 1:05pm Pacific Time. The company will host a live conference call and webcast, with supplementary slides, to discuss the results on the same day at 5:00pm Eastern Time / 2:00pm Pacific Time. Interested investors and analysts are invited to join the audio conference call by registering here. Webcast access will be available in the Investor section of the company's website, www.cerence.ai. To learn m
Headlines Q4 Revenue exceeds high end of guidance; positive cash flow from operations of $6.1 millionTransformation plan on track to deliver net annualized cost savings of $35-$40 millionInitial FY25 revenue guidance of $236 to $247 millionRecord high of 22 platform launches in FY24, including 6 for generative AI solutions and 4 in Q4 BURLINGTON, Mass., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today reported its fourth quarter and fiscal year 2024 results for the year ended September 30, 2024. Results Summary (1,2)(in millions, except per share data) Three Months Ended Twelve Months Ended September 30, September 30, 2024 2023 2024
BURLINGTON, Mass., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, will announce its fourth quarter financial results for the quarter ended September 30, 2024, on Thursday, November 21, 2024, at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time. The company will host a live conference call and webcast, with accompanying slides, to discuss the results on the same day at 8:30 a.m. Eastern Time / 5:30 a.m. Pacific Time. Interested investors and analysts are invited to join the audio conference call by registering here. Webcast access will be available in the Investor section of the company's website, www.cerence.com. To learn more about Cerence, visit
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Live Leadership Updates
BURLINGTON, Mass., March 20, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today announced that Marion Harris, a long-time Ford Motor Company executive, has been appointed to serve as an independent, non-executive director, effective April 1, 2025. In his more than 25-year career at Ford, Mr. Harris held varying automotive and financial services executive roles. He most recently served as Chairman and CEO of Ford Motor Credit Company, the automaker's captive finance lending arm, where he led a digital transformation program that resulted in the highest consumer satisfaction in the industry. In thi
BURLINGTON, Mass., Dec. 03, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global industry leader in AI for transportation, today announced that it has appointed Antonio ("Tony") Rodriquez as its Chief Financial Officer (CFO), effective November 29, 2024. As Cerence AI's CFO, Mr. Rodriquez will be focused on accelerating growth, improving operating results, and driving sustainable, long-term value, leading the Company's finance organization, including accounting, tax, FP&A, treasury, facilities, and procurement. Mr. Rodriquez previously served as a partner of CSuite Financial Partners, a financial executive services firm, during which he served as Chief Financial Of
BURLINGTON, Mass., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced that Brian Krzanich has been appointed Chief Executive Officer and a member of the Board of Directors, effective immediately. Mr. Krzanich succeeds Stefan Ortmanns, who is departing as CEO and resigning as a member of the Board. Mr. Krzanich is a seasoned executive with a track record of success at global public organizations. Most recently from 2018 to 2022, Mr. Krzanich served as CEO of CDK Global Inc., the leading supplier of software to the retail automotive industry. After stabilizing CDK's business, he delivered ten consecutive quarters of growth and ultimatel
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. A Media Snippet accompanying this announcement is available by clicking on this link. In her expanded role, Ms. Salinas will oversee the company's day-to-day administrative activities and corporate operations, including facilitating strategic planning, partnering with the leadership team to define and track company-level and functional objectives, and advancing policy and proc
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
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. Mr. Rodriquez brings over 25 years of experience as a financial leader managing all aspects of finance and accounting for both public and private global companies, including in the eCommerce, SaaS, advertising media and consumer marketing industries. As Cerence's interim CFO, Mr. Rodriquez will lead the company's finance organization, including accounting, tax, FP&A, treasury, facilities, and procurement. A Media Snippet accompanying this announce
BURLINGTON, Mass., March 04, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced that it has appointed Daniel Tempesta as its new Chief Financial Officer (CFO), effective March 18, 2024. Mr. Tempesta brings more than 30 years of financial and operational excellence, as well as extensive knowledge of Cerence from his previous role as CFO of Nuance Communications Inc. ("Nuance"). As Cerence's CFO, Mr. Tempesta will be focused on accelerating growth, improving operating results, and driving sustainable, long-term value. Mr. Tempesta joins Cerence after more than 15 years at Nuance, where he most recently served as EVP & CFO from July 2015 until Dece
BURLINGTON, Mass., May 02, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced that it has named Iqbal Arshad, an accomplished technology industry veteran, as its new Chief Technology Officer. In this role, Mr. Arshad will lead Cerence's global technology, engineering, and product development organization, responsible for providing executive leadership for the company's technology vision, building innovative user experiences for the company's global automaker and mobility OEM customers, and accelerating Cerence's product roadmap for new business opportunities. Mr. Arshad has shaped some of the most exciting technological developments of the
Appoints Current Board Member and Industry Veteran Tom Beaudoin as New EVP & CFOAdds Former Intel Executive and Automated Driving Leader Doug Davis to BoardProvides Preliminary Financial Results, Affirms Full Year Fiscal 2022 Guidance BURLINGTON, Mass., May 06, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced that Tom Beaudoin has been appointed Executive Vice President and Chief Financial Officer, effective immediately. Mr. Beaudoin is a Cerence director and an industry veteran with nearly 40 years of relevant financial and industry experience. "With his deep knowledge of the automotive industry, software markets, and Cerence, and as a publi
BUFFALO, N.Y., March 25, 2022 (GLOBE NEWSWIRE) -- ACV (NASDAQ:ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial partners, is celebrating a milestone in company growth, surpassing 2,000 teammates across its North American footprint. This includes acquisitions in the past year of MAX Digital, Drivably and Monk SAS, expanding the number of pioneering tools and technology available to ACV's customers, and adding high-end technical talent to the ACV team. As part of the company's growth, ACV also announces Leanne Fitzgerald as Chief Legal Officer, the newest member of ACV's senior leadership team. Responsible for managing all of ACV's legal,