CRNC Stock Recent News

Cerence is a leading company in automotive AI assistants used by major car manufacturers globally. Share performance has been lackluster, currently down 22% YTD, but the stock appears undervalued, based on my price target model. CRNC has guided strong revenue growth in FY 2024, supported by several catalysts, such as NVIDIA and Microsoft partnerships and strong product adoptions.

Cerence Inc. (CRNC) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Cerence (CRNC) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Cerence (CRNC) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.36 per share a year ago.

Evaluate the expected performance of Cerence (CRNC) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

BURLINGTON, Mass., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its first quarter financial results for the quarter ended December 31, 2023 on Tuesday, February 6, 2024 at 7:00 a.m.

Cerence (CRNC) drives innovation with Skoda, integrating Cerence Chat Pro for an intelligent, hands-free, in-car assistant experience.

Cerence (CRNC) is benefiting from an expanding clientele driven by a strong portfolio and robust network of partners in the automotive industry.

Cerence (CRNC) and Volkswagen join forces to redefine in-car AI, introducing Cerence Chat Pro for a smarter, more engaging driving experience.

Cerence (CRNC) and Microsoft join forces, enhancing in-car experiences with Cerence Assistant and ChatGPT on Microsoft Azure.