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.

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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, cloud and professional services, voice and beyond, mobility, and platform developers. The company was founded on October 1, 2019 and is headquartered in Burlington, MA.

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VinFast and Cerence Unveil World's First Truly Connected Car Powered by Cerence Connected Vehicle Digital Twin

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Cerence Inc (NASDAQ: CRNC) forged a contract worth $149 million with a sizeable European automaker for its connected, conversational AI automotive assistant products.  "This milestone deal marks another important moment for Cerence as we accelerate growth and sustain momentum with automotive customers," said CEO Stefan Ortmanns.

Cerence Stock Gains On Signing $149M Contract With European Automaker

$149 million contract for Cerence cloud-based offerings to accelerate global expansion ambitions for large European OEM $149 million contract for Cerence cloud-based offerings to accelerate global expansion ambitions for large European OEM

Cerence Signs Largest Contract in Company History with Premier Global Automaker for Connected Conversational AI

In addition, Mercedes-Benz first automaker to deploy Cerence Emergency Vehicle Detection In addition, Mercedes-Benz first automaker to deploy Cerence Emergency Vehicle Detection

Cerence Drives Enhanced Intelligence, Including New Electric Vehicle Use Cases, in MBUX in the Mercedes-Benz EQS

Why Cerence Stock Got Hammered Last Week

Proactive, multi-modal Cerence Co-Pilot goes beyond voice to deliver an unmatched user experience for connected, electric and autonomous vehicles Proactive, multi-modal Cerence Co-Pilot goes beyond voice to deliver an unmatched user experience for connected, electric and autonomous vehicles

Cerence Raises the Bar for Mobility with the Introduction of Cerence Co-Pilot, a Deeply Integrated, Ultra-Intelligent In-Car Assistant

Cerence creates experiences for the automotive world. The company's AI-powered assistants are included in some of the largest automobile original equipment manufacturers.

Cerence's Artificial Intelligence Assistants Could Make The Share Price Spike Up

Wells Fargo analyst Colin Langan upgraded  Cerence Inc (NASDAQ:CRNC) from Equal-Weight to Overweight and an $85 price target, down from $91, implying a 15% upside. Langan noted Cerence is down about 50% from its high and 34% since reporting FY21 results and guiding below consensus for FY22.

Why Are Cerence Shares Trading Higher Today?

Cerence Browse connects to multiple online information sources to provide drivers with real-time, AI-powered access to general information while on the go Cerence Browse connects to multiple online information sources to provide drivers with real-time, AI-powered access to general information while on the go

Toyota Motor North America Selects Cerence Browse to Bring Search Engine-Level Intelligence into their Cars

A 20-year veteran of the company and an original architect of its technology, Ortmanns is responsible for the bulk of Cerence's revenue today A 20-year veteran of the company and an original architect of its technology, Ortmanns is responsible for the bulk of Cerence's revenue today

Cerence Board of Directors Promotes Dr. Stefan Ortmanns to Chief Executive Officer and Director

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The semiconductor shortage is impacting Cerence's future outlook.

Is This an Overreaction to Cerence's Earnings?

Cerence, a provider of conversational artificial intelligence (AI) products and technology, announced Monday (Nov. 22) that it has gained its first customers in two new markets: elevators and two-wheeled vehicles. It also announced that in the automotive market, its sales continue to grow faster than new-vehicle production because a growing percentage of vehicles are equipped […]

Cerence Gains First Customers for Voice Assistant in Elevators, Motorcycles

Cerence's (CRNC) fiscal fourth-quarter performance benefits from strength in the Licence and Professional Services segments.

Cerence (CRNC) Q4 Earnings Beat Estimates, Revenues Up Y/Y

Cerence Inc. (CRNC) CEO Sanjay Dhawan on Q4 2021 Results - Earnings Call Transcript

Cerence (CRNC) delivered earnings and revenue surprises of 20% and 0.61%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Cerence (CRNC) Q4 Earnings Surpass Estimates

Cerence Inc (NASDAQ: CRNC) reported fourth-quarter FY21 revenue growth of 7.5% year-on-year to $98.1 million. Non-GAAP EPS of $0.66 beat the consensus of $0.56.

Cerence Shares Plunge As It Issues Q1, FY22 Outlook Below Consensus

Fourth Quarter and Fiscal Year Highlights

Cerence Announces Fourth Quarter and Fiscal Year 2021 Results

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Cerence's (CRNC) fiscal Q4 performance is likely to reflect benefits from using AI to design applications for advanced driver-assisted systems in self-driving vehicles.

Cerence (CRNC) to Report Q4 Earnings: What's in the Cards?

BURLINGTON, Mass., Nov. 18, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced the publication of its inaugural Environmental, Social, and Governance (ESG) report, which outlines the company's ESG performance and strategy and its commitments to its customers and partners, employees, and stakeholders. The report can be found at https://cerence.com/sustainability.

Cerence Releases Inaugural Environmental, Social, and Governance (ESG) Report

BURLINGTON, Mass., Nov. 12, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its fourth quarter and full fiscal year 2021 financial results for the year ended September 30, 2021 on Monday, November 22, 2021 at 7:00 a.m. EST / 4:00 a.m. PST.

Cerence to Announce Fourth Quarter and Full Fiscal Year Results on November 22, 2021

Cerence (CRNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Cerence (CRNC) Q4 Earnings Expected to Decline

BURLINGTON, Mass., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Gabelli 45th Annual Automotive Symposium on Tuesday, November 2, 2021, at 5:00 p.m. Eastern Time. The format for the presentation will be a fireside chat featuring Sanjay Dhawan, Cerence CEO, and Mark Gallenberger, Cerence CFO.

News for Cerence Stock (CRNC)