Cerence

Cerence, Inc. builds automotive cognitive assistance solutions to power natural and intuitive interactions between automobiles, drivers and passengers, and the broader digital world. It also engages in the sale of software licenses and cloud-connected services. The company was founded on October 1, 2019 and is headquartered in Burlington, MA.

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Cerence surpasses Q1 expectations, eyes future automotive trends for growth

Cerence delivered a strong Q1 performance, exceeding guidance and showcasing strength in core auto business and connected services.
While facing challenges with semiconductor shortages, the company remains focused on innovation, cost savings, and driving long-term sustainable growth.
Investors are keen on underlying metrics reflecting growth potential and are optimistic about future revenue opportunities from evolving automotive trends.
Cerence's strategic focus on execution, innovation, and competitiveness positions it well for continued success and growth in the market.

Cerence beats Q2 revenue expectations, focuses on AI innovation

Cerence delivered a strong performance in Q2, exceeding revenue guidance and demonstrating operational excellence. While facing challenges in certain revenue segments, the company's strategic wins and focus on AI technologies present promising opportunities for growth. Cerence's financial position remains solid, with healthy cash flow and a strong balance sheet.

Cerence reports solid Q3 performance, eyes growth through AI innovation

Cerence delivered strong Q3 results with revenue meeting guidance and notable profitability metrics. The company's focus on AI innovation, global market expansion, and debt restructuring positions it for growth. Strategic wins and emphasis on new business underscore long-term success strategies.

Cerence surpasses Q4 revenue expectations, navigates strategic shifts

Cerence's Q4 performance exceeded expectations, with a strong revenue outlook for FY '24.
Strategic wins in automotive and generative AI space position Cerence for future growth.
Challenges in fixed contracts and revenue stabilization require strategic adjustments.
Opportunities lie in product diversification, upselling, and process improvements for growth.

Cerence surpasses Q1 revenue expectations, eyes growth through strategic partnerships

Cerence's Q1 2024 performance exceeded expectations, showcasing strong revenue and profitability metrics.
Strategic partnerships with industry leaders and market traction in key regions highlight Cerence's competitive edge.
While challenges like revenue guidance and market dynamics persist, Cerence's focus on innovation and global presence bode well for future growth.

Cerence (CRNC) surpasses Q2 revenue targets, eyes growth opportunities

Cerence (CRNC) demonstrated resilience in Q2 with revenue exceeding expectations and a focus on core automotive business strengthening.
While facing challenges such as backlog reduction and revenue fluctuations, the company remains agile and anticipates growth opportunities.
Strategic initiatives, financial stability, and market adaptability position Cerence (CRNC) for sustainable growth and market leadership in the AI automotive sector.

Cerence beats Q4 revenue targets and aims for profitability in 2025

Cerence delivered strong financial performance in Q4 2024, exceeding revenue and EBITDA expectations.
The company's focus on innovation, cost reduction, and profitability sets a positive trajectory for fiscal year 2025.
Challenges lie in returning to profitability and maintaining market momentum amidst competition and disruptions.
Opportunities for growth exist through operational streamlining, new product offerings, and revenue expansion strategies.

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Cerence, Inc. engages in building artificial intelligence-powered virtual assistants for the mobility and transportation market. Its products include core technologies, apps and multi-modality, audio AI, adjacent markets, professional services and platform developers. The company was founded on October 1, 2019 and is headquartered in Burlington, MA.

Cerence partners with Viator and Road.Travel to bring professional travel content to the automotive assistant Cerence partners with Viator and Road.Travel to bring professional travel content to the automotive assistant

Cerence Tour Guide Transforms Road Trips, Short Jaunts, and Everything in Between by Bringing Guided Tours Directly Into the Car

Cerence, a provider of voice assistant and artificial intelligence technology for automobiles, on Monday beat Wall Street's targets for the December quarter. CRNC stock hit a record high.

Automotive Voice Assistant Leader Cerence Cruises Past December-Quarter Views

Cerence Inc. (CRNC) CEO Sanjay Dhawan on Q1 2021 Results - Earnings Call Transcript

Shares of Cerence (NASDAQ:CRNC) moved higher by 1.9% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 103.45% over the past year to $0.59, which beat the estimate of $0.51.

Cerence: Q1 Earnings Insights

Cerence First Quarter Highlights Cerence First Quarter Highlights

Cerence Announces Record First Quarter 2021 Results

Cerence (CRNC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Cerence (CRNC) Ahead of Earnings?

BURLINGTON, Mass., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Goldman Sachs Technology and Internet 2021 Conference on Wednesday, February 10, 2021 at 9:40 a.m. Eastern Time. The fireside chat format will feature Sanjay Dhawan, Cerence CEO, and Mark Gallenberger, Cerence CFO.

Cerence to Present at the Goldman Sachs Technology and Internet 2021 Conference

Cerence (CRNC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Cerence (CRNC) Keep the Earnings Surprise Streak Alive?

BURLINGTON, Mass., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its first quarter, fiscal year 2021 financial results for the quarter ended December 31, 2020 on Monday, February 8, 2021 at 7:00 a.m. EST / 4:00 a.m. PST.

Cerence to Announce Fiscal First Quarter Results on February 8, 2021

Localized hosting facility to deliver faster AI-powered experiences for Japanese drivers Localized hosting facility to deliver faster AI-powered experiences for Japanese drivers

Toyota Motor Corporation Signs on as First User of Cerence's New Cloud Service Center in Japan

Does Cerence Inc. (CRNC) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Cerence Inc. (CRNC) is a Great Choice

Cerence Drive now features deeper cloud connectivity alongside Cerence's industry-leading embedded solutions to deliver a new level of performance, content and services Cerence Drive now features deeper cloud connectivity alongside Cerence's industry-leading embedded solutions to deliver a new level of performance, content and services

Cerence Unveils Cerence Drive 2.0, the Fastest, Most Powerful and Intelligent AI Assistant Platform for Global Mobility

New products deliver enhanced capability and connectivity between mobile apps, smart homes, IoT and the in-car assistant New products deliver enhanced capability and connectivity between mobile apps, smart homes, IoT and the in-car assistant

Cerence Launches Cerence Cloud Services; Brings Drivers' Digital Lives into Their Cars

Strategic expansion into building mobility and accelerating two-wheeler market builds on decades of automotive expertise and success Strategic expansion into building mobility and accelerating two-wheeler market builds on decades of automotive expertise and success

Cerence Introduces Cerence Mobility Platforms; Delivers Voice and AI Experiences to New Areas of Mobility

Set to launch at today's Cerence In Motion event, new offerings bridge digital and mobile lives for drivers and passengers

Cerence Advances Connected Mobility; Unveils New Products and Services that Bring Cloud- and AI-First Experiences to Global Transportation and Mobility

New customers and a bullish take from Wall Street helped propel the share price upward in December.

Why Cerence Stock Gained Over 10% Last Month

Cerence, the leading provider of automotive voice assistant technology, is poised to benefit as car sales rebound in 2021, an analyst says. Cerence stock hit a record high on Wednesday.

IBD 50 Stock Cerence Has 'White Hot Momentum' Heading Into 2021

Cerence joins five fellow industry leaders in three-year program to enhance trust in autonomous vehicles Cerence joins five fellow industry leaders in three-year program to enhance trust in autonomous vehicles

Cerence Receives Funding from Germany's Federal Ministry for Economic Affairs and Energy to Drive Innovation in Automotive Assistants for Autonomous Cars

Automaker's innovative infotainment system delivers one of the most intelligent voice assistants on the road, including a new level of personalization Automaker's innovative infotainment system delivers one of the most intelligent voice assistants on the road, including a new level of personalization

Cerence Powers Voice and AI-Driven Features in Next-Generation Mercedes-Benz User Experience (MBUX)

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This investment is very much worthwhile considering. The market is wrong on this investment, as Cerence is growing faster than investors predicted.

Cerence: Cheaply Valued Car Infotainment License Business

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BURLINGTON, Mass., Nov. 23, 2020 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that executives from the Company will participate in upcoming industry events and conferences with a focus on shifting business models in the mobility landscape as we approach 2021. Upcoming events include:

Cerence Executives to Present on New Automotive Business Models at Upcoming Industry Events

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Cerence Inc. (CRNC) CEO Sanjay Dhawan on Q4 2020 Results - Earnings Call Transcript

News for Cerence Stock (CRNC)