CerenceCRNC
CRNC
About: Cerence Inc is a United States-based software company. It is involved in developing mobility-based solutions for drivers and their cars. The customers include all automobile original equipment manufacturers, or OEMs, or their tier 1 suppliers. The company's revenue is generated by selling software licenses and cloud-connected services. Geographically, it derives a majority of its revenue from the United States and also has a presence in Other Americas; Germany; Other Europe, the Middle East, Africa; Japan, and Other Asia-Pacific.
Employees: 1,400
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
4% more capital invested
Capital invested by funds: $108M [Q2] → $112M (+$4.76M) [Q3]
11.4% less ownership
Funds ownership: 91.11% [Q2] → 79.71% (-11.4%) [Q3]
16% less funds holding
Funds holding: 185 [Q2] → 156 (-29) [Q3]
28% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 50
50% less call options, than puts
Call options by funds: $1.28M | Put options by funds: $2.55M
54% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 54
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$6
22%
downside
Avg. target
$6
22%
downside
High target
$6
22%
downside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Craig-Hallum Jeff Van Rhee 69% 1-year accuracy 11 / 16 met price target | 22%downside $6 | Hold Maintained | 22 Nov 2024 |
Financial journalist opinion
Based on 9 articles about CRNC published over the past 30 days
Positive
Zacks Investment Research
4 days ago
Cerence Stock Rises 151% in a Month: Is There More Room to Run?
Cerence stock benefits from strong AI advancements and growing clientele despite automotive market challenges.
Neutral
GlobeNewsWire
2 weeks ago
Cerence AI Announces Equity Grant to Employee Under Inducement Plan Pursuant to Nasdaq Listing Rule 5635(c)(4)
BURLINGTON, Mass., Dec. 06, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global industry leader in AI for transportation, today announced that, in connection with Antonio (“Tony”) Rodriquez's recent appointment as Executive Vice President, Chief Financial Officer effective November 29, 2024, the Company granted Mr. Rodriquez 313,283 time-based restricted stock units and 313,283 performance-based restricted stock units. The time-based restricted stock units will vest in three equal installments on each of October 1, 2025, October 1, 2026, and October 1, 2027, in each case subject to Mr. Rodriquez's continued service with the Company through the applicable vesting date. The performance-based restricted stock units will be earned based on the achievement of the Company's performance metrics for each of fiscal year 2025, 2026 and 2027 with one-third of the total performance-based restricted stock units eligible to be earned for each fiscal year, subject to Mr. Rodriquez's continued service with the Company through such vesting date. All of these awards were granted as an inducement material to Mr. Rodriquez entering into employment with the Company pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules.
Neutral
GlobeNewsWire
2 weeks ago
Cerence AI Names Tony Rodriquez as Chief Financial Officer
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.
Positive
MarketBeat
3 weeks ago
Cerence Up 155% in 2 Days: SoundHound AI's Fierce Competitor
Cerence NASDAQ: CRNC is an AI stock that has burst onto the radar of many investors lately. Since its latest earnings release on Nov. 21, shares have skyrocketed 155% as of the Nov. 25 close.
Positive
Zacks Investment Research
4 weeks ago
CRNC Beats Q4 Earnings Estimates: Will FY25 Outlook Drag Shares Down?
Cerence's fiscal fourth-quarter performance benefits from strong AI progress and customer wins despite a decline in end markets and weak fiscal 2025 guidance.
Negative
Seeking Alpha
4 weeks ago
Cerence Earnings: The Worst Could Be Behind It
Cerence Inc.'s stock is undervalued at 10x forward free cash flow despite a turbulent past and a 60% decline in 2024. The company's AI-driven in-car voice solutions, trusted by major automakers, and cost reductions position it for improved financial performance. Cerence's free cash flow is projected to double in fiscal 2025, with the potential to reach $30 million in fiscal 2026.
Positive
Seeking Alpha
4 weeks ago
Cerence Stock: Persistent Risks Remain Despite Positive Q4 Earnings Results
Cerence shares have more than doubled since its Q4 earnings were released. While growth is expected to remain muted next year, margins are expected to be solid, coupled with strong FCF generation. Cerence's balance sheet remains vulnerable, with $90 million in debt due in the coming year.
Neutral
Seeking Alpha
4 weeks ago
Cerence Inc. (CRNC) Q4 2024 Earnings Call Transcript
Cerence Inc. (NASDAQ:CRNC ) Q4 2024 Earnings Conference Call November 21, 2024 8:30 AM ET Company Participants Brian Krzanich - CEO Tony Rodriquez - Interim CFO Conference Call Participants Jeff Van Rhee - Craig-Hallum Colin Langan - Wells Fargo Nicholas Doyle - Needham & Company Aman Gupta - Goldman Sachs Operator Good day, and welcome to Cerence's Fourth Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
Negative
Zacks Investment Research
4 weeks ago
Cerence (CRNC) Reports Q4 Loss, Tops Revenue Estimates
Cerence (CRNC) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to earnings of $0.09 per share a year ago.
Negative
Zacks Investment Research
1 month ago
Cerence Q4 Earnings Loom: Should You Buy, Sell or Hold CRNC Stock?
CRNC's fourth-quarter fiscal 2024 results are likely to suffer from sluggish demand among automotive OEMs.
Charts implemented using Lightweight Charts™