Raymond James downgraded Cerence from Outperform to Mkt Perform
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| 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., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced its expanded partnership with Renault to bring generative AI-powered capabilities and human-like interaction to the automaker's next-generation, multi-modal in-car companion, Reno. Reno, the official Renault avatar, is an intelligent, helpful, and endearing in-car companion that brings customers a more intuitive and fun driving experience. Expanding on Renault and Cerence's multi-year partnership to bring Reno to life with humanized, voice-powered interaction, Renault will now leverage generative AI-powered Cerence Chat Pro to advance Reno's capabilities and bring Ren
BURLINGTON, Mass., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) (the "Company"), AI for a world in motion, today announced that, in connection with Brian Krzanich's recent appointment as Chief Executive Officer and President effective October 7, 2024, the Company granted Mr. Krzanich an initial equity award with a target aggregate value of $6 million, based on the average closing price of the Company's common stock over the trailing 20 trading days ending on the date of grant. Such award consists of 1,038,062 time-based restricted stock units and a target of 1,038,062 performance-based restricted stock units. The time-based restricted stock units will vest in three equal in
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
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
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
SC 13G/A - Cerence Inc. (0001768267) (Subject)
SC 13G/A - Cerence Inc. (0001768267) (Subject)
SC 13G - Cerence Inc. (0001768267) (Subject)
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
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
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8-K - Cerence Inc. (0001768267) (Filer)