Cerence upgraded by RBC Capital Mkts with a new price target

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., March 13, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC) ("Cerence AI"), a global leader pioneering conversational AI-powered user experiences, today introduced Cerence xUI™, its agentic AI assistant platform that works across the edge and the cloud to advance the next generation of LLM-powered in-vehicle user experiences. Underscoring its deep expertise at the intersection of AI innovation and the unique requirements of the automotive UX, Cerence AI has already signed several strategic, long-term partnership agreements as well as proof-of-concept programs with global automakers to deploy Cerence xUI as the basis for their future in-cabin experiences. Fast-movi

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

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

4 - Cerence Inc. (0001768267) (Issuer)

4 - Cerence Inc. (0001768267) (Issuer)

4 - Cerence Inc. (0001768267) (Issuer)

8-K - Cerence Inc. (0001768267) (Filer)

8-K - Cerence Inc. (0001768267) (Filer)

SCHEDULE 13G - Cerence Inc. (0001768267) (Subject)

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., 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

SC 13G/A - Cerence Inc. (0001768267) (Subject)

SC 13G/A - Cerence Inc. (0001768267) (Subject)

SC 13G/A - Cerence Inc. (0001768267) (Subject)