Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
BURLINGTON, Mass., Sept. 24, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced that Tuya Smart (NYSE:TUYA, HKEX: 2391))), a global cloud platform service provider, is partnering with Cerence to provide multi-lingual text-to-speech (TTS) for its cloud developer platform designed specifically for two-wheeled vehicles, including motorcycles, e-bikes, and more. Tuya's cloud developer platform provides its customers – in this case, the more than 100 two-wheeler manufacturers using the "Works with Smart Life" app – with a complete set of smart solutions, including apps, cloud capabilities, hardware, and more. Tuya will integrate Cerence TTS into its
BURLINGTON, Mass., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced Cerence Chat Pro, the company's automotive-grade large language model integration, is now live in a range of Škoda vehicles. The solution has been deployed via cloud update to provide Škoda drivers with an entertaining and intelligent companion for their everyday journeys. Škoda drivers and passengers can now enjoy fun and conversational chit-chat with their in-car assistant, which leverages Cerence's technology to provide accurate and relevant responses to nearly every query imaginable. The integration also reduces the complexity of navigating in-car interfaces ma
Headlines Q3 revenue in-line with guidance; positive cash flow from operations of $12.9 millionFive generative AI customer programs released to productionTransformation plans estimated to deliver net annualized cost savings of $35-40 million, predominantly realized in FY25 BURLINGTON, Mass., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today reported its third quarter fiscal year 2024 results for the quarter ended June 30, 2024. Results Summary (1,2) (in millions, except per share data) Three Months Ended Nine Months Ended June 30, June 30, 2024 2023 2024 2023 GAAP revenue $70.5 $61.7 $276.7 $213.7 GAAP gross margin 71.5% 66.0% 75.7%
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
4 - Cerence Inc. (0001768267) (Issuer)
4 - Cerence Inc. (0001768267) (Issuer)
4 - Cerence Inc. (0001768267) (Issuer)
Headlines Q3 revenue in-line with guidance; positive cash flow from operations of $12.9 millionFive generative AI customer programs released to productionTransformation plans estimated to deliver net annualized cost savings of $35-40 million, predominantly realized in FY25 BURLINGTON, Mass., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today reported its third quarter fiscal year 2024 results for the quarter ended June 30, 2024. Results Summary (1,2) (in millions, except per share data) Three Months Ended Nine Months Ended June 30, June 30, 2024 2023 2024 2023 GAAP revenue $70.5 $61.7 $276.7 $213.7 GAAP gross margin 71.5% 66.0% 75.7%
BURLINGTON, Mass., July 30, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, will announce its third quarter financial results for the quarter ended June 30, 2024 on Thursday, August 8, 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 www.cerence
Headlines Q2 revenue above the high end of the guidance range due to OEM-related adjustments; however, Company lowering its FY24 guidance and withdrawing its multi-year planIncluded in Q2 results is a Goodwill impairment charge of approximately $252 millionCompany believes that initial success with new generative AI products, including six design wins, and early validation of its next-gen platform will provide a solid foundation to reinvigorate future growth BURLINGTON, Mass., May 09, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today reported its second quarter fiscal year 2024 results for the quarter ended March 31, 2024. Results Summary (1,2) (in mi
Evercore ISI Group analyst Chris McNally maintains Cerence (NASDAQ:CRNC) with a In-Line and lowers the price target from $8 to $5.
Baird analyst Luke Junk maintains Cerence (NASDAQ:CRNC) with a Neutral and lowers the price target from $8 to $6.
In the latest quarter, 7 analysts provided ratings for Cerence (NASDAQ:CRNC), showcasing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 7 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 5 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $7.93, a high estimate of $15.00, and a low estimate of $3.00. Experiencing a 55.6% decline, the current average is now lower than th
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
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