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 7,407 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
130% more capital invested
Capital invested by funds: $112M [Q3] → $259M (+$147M) [Q4]
110% more call options, than puts
Call options by funds: $12.1M | Put options by funds: $5.75M
30% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 30
18% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 38
3% more funds holding
Funds holding: 157 [Q3] → 161 (+4) [Q4]
2.96% less ownership
Funds ownership: 79.71% [Q3] → 76.75% (-2.96%) [Q4]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$8
5%
upside
Avg. target
$11
45%
upside
High target
$16
111%
upside
3 analyst ratings
1 positive
33%
2 neutral
67%
0 negative
0%
Goldman Sachs Mark Delaney 32% 1-year accuracy 12 / 37 met price target | 5%upside $8 | Neutral Maintained | 10 Apr 2025 |
Needham Quinn Bolton 14% 1-year accuracy 21 / 145 met price target | 111%upside $16 | Buy Reiterated | 18 Mar 2025 |
Evercore ISI Group Chris McNally 0% 1-year accuracy 0 / 8 met price target | 19%upside $9 | In-Line Maintained | 18 Feb 2025 |
Financial journalist opinion
Based on 5 articles about CRNC published over the past 30 days
Neutral
GlobeNewsWire
2 days ago
Cerence to Announce Fiscal Second Quarter Results on May 7, 2025
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.
Neutral
GlobeNewsWire
2 weeks ago
Cerence AI Honored with 2025 ECARX Best Contribution Award
SHANGHAI and BURLINGTON, Mass., April 02, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced that it has received a Best Contribution Award at the 2025 ECARX Partnership Conference, held on March 11, 2025, in Hangzhou, China.
Positive
The Motley Fool
2 weeks ago
Better Artificial Intelligence Stock: SoundHound AI vs. Cerence AI
SoundHound AI (SOUN -4.22%) might not be a household name, but it has been one of the best-performing stocks since artificial intelligence (AI) became the hot phrase in the market around the end of 2022.
Positive
Benzinga
3 weeks ago
Top 3 Information Technology Stocks That Could Blast Off This Month
The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
Neutral
GlobeNewsWire
4 weeks ago
Cerence AI Adds Former Ford Executive Marion Harris to its Board of Directors
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.
Neutral
GlobeNewsWire
1 month ago
Cerence AI Debuts xUI, its Hybrid, LLM-Based Platform, Advancing the Fully Agentic In-Car Experience
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.
Positive
Seeking Alpha
1 month ago
Cerence: Bottoming Out Amid Strong Auto AI-Powered Virtual Assistant Demand
Cerence is leveraging generative AI to enhance in-car experiences, with its flagship CaLLM product driving future growth in the automotive virtual assistant market. Despite a significant revenue drop, Cerence's core business remains stable, with a 5% growth in connected car shipments and new strategic partnerships. Restructuring efforts aim to cut costs by $35-$40 million, bolstering profit margins and positioning Cerence for sustainable growth in the evolving automotive AI landscape.
Positive
24/7 Wall Street
1 month ago
Recent Developments Show These 3 Growth Stocks Could Be Big Winners In 2025
As earnings season concludes, investors looking for meaningful catalysts to point to as reasons to own specific stocks certainly have plenty to think about.
Neutral
Zacks Investment Research
1 month ago
Cerence Rises 75% Year to Date: Buy, Sell or Hold the Stock?
CRNC's shares ride on an expanding clientele and a strong partner network. However, stiff competition and stretched valuation are concerns.
Neutral
Seeking Alpha
2 months ago
Cerence Inc. (CRNC) Q1 2025 Earnings Call Transcript
Cerence Inc. (NASDAQ:CRNC ) Q1 2025 Earnings Conference Call February 6, 2025 5:00 PM ET Company Participants Brian Krzanich - CEO Tony Rodriquez - Interim CFO Conference Call Participants Nicholas Doyle - Needham & Company Mark Delaney - Goldman Sachs Colin Langan - Wells Fargo Daniel Hibshman - Craig-Hallum Jeff Osborne - TD Cowen Operator Welcome to Cerence's First Quarter of Fiscal Year 2025 Conference Call. Before we begin, I would like to remind you that this call may involve certain forward-looking statements.
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