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As earnings season concludes, investors looking for meaningful catalysts to point to as reasons to own specific stocks certainly have plenty to think about.
CRNC's shares ride on an expanding clientele and a strong partner network. However, stiff competition and stretched valuation are concerns.
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.
Cerence (CRNC) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.27. This compares to earnings of $1.12 per share a year ago.
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.
Cerence Inc. CRNC shares surged on Wednesday after Needham analyst Nick Doyle upgraded the stock from Hold to Buy with a price target of $16.
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.
Cerence, Inc. holds a 52% market share in automotive virtual assistants but faces intense competition and technology uncertainties. Financial performance shows mixed results with recent growth but significant operating expenses and margin pressures from automakers. Valuation suggests a narrow margin of safety, with a $14 per share estimate, only 9.5% above the current stock price.
Shares of AI-assistant maker Cerence NASDAQ: CRNC exploded upward to kick off 2025 after the company announced an expanded partnership with NVIDIA NASDAQ: NVDA. Shares rose nearly 144% in one day after the announcement.
CRNC drives innovation in automotive AI with strong partnerships and product launches but faces challenges from rising competition.