Raymond James downgraded Cerence from Outperform to Mkt Perform
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| 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 |
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., May 28, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today announced a strategic partnership with Arm in which Cerence AI will leverage Arm's comprehensive software library, Arm® Kleidi™, to advance the capabilities and performance of CaLLM™ Edge, its embedded small language model (SLM). As automakers race to bring AI-powered capabilities to their drivers, they are faced with several challenges, including building enough compute to handle the needs of intensive workloads like large language models (LLMs). Automakers and their partners need easy ways to optimize CPU performanc
BURLINGTON, Mass., May 15, 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 two upcoming investor conferences. On Thursday, May 29, 2025, at 10:50 a.m. ET, Tony Rodriquez, the Company's CFO, will participate in a fireside chat at the TD Cowen 53rd Annual Technology, Media and Telecom Conference. On Tuesday, June 10, 2025, at 12:30 p.m. ET, Mr. Rodriquez will participate in a fireside chat at the Evercore ISI Global Automotive OEM, Dealer & Supplier Conference. Live webcasts of the events will be available on the Company's website at www.cerence.a
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
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
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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
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