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Cerence (CRNC) to Offer Mobility Platform to China's CFMOTO

·3 min read

Cerence Inc. CRNC recently announced that the leading Chinese motorcycle maker, CFMOTO, has selected its conversational AI platform for two-wheelers, Cerence Ride. The Chinese motorcycle maker will implement the Cerence Ride platform across all its two-wheelers and all-terrain vehicles.

Cerence Ride is an AI-powered two-wheeler mobility platform that can be used as an extended interface that seamlessly connects to riders' mobile devices, providing them with "distraction-free" navigation, route planning and riding records. It also provides Android, Linux and iOS support and Bluetooth headset connectivity.

Following the latest deal win, the experience of CFMOTO riders will get transformed through Cerence Ride’s conversational AI technology that enhances safety and comfort, making the ride more delightful. This tool will enable riders to gather information related to two-wheeler-centric and voice-powered navigation, system controls and diagnostics via voice and cloud-based content.

Further, with the Massachusetts-based company’s unique two-wheeler platform, CFMOTO will integrate human-machine interface solutions into its two and four-wheel vehicles. This will consist of hybrid embedded, cloud speech recognition, natural language understanding and text-to-speech in both English and Chinese, to make the user experience intuitive yet simple. Additionally, CFMOTO will bring Cerence’s Speech Signal Enhancement solution to make sure that the riders are heard amidst the noisy roads.

Cerence Inc. Price and Consensus

Cerence Inc. Price and Consensus
Cerence Inc. Price and Consensus

Cerence Inc. price-consensus-chart | Cerence Inc. Quote

In third-quarter fiscal 2022, Cerence reported revenues of $89.04 million compared with the year-ago quarter’s $96.8 million. The Zacks Consensus Estimate for the company’s fiscal fourth-quarter revenues is pegged at $55.1 million, indicating a 43.9% year-over-year decline.

Zacks Rank & Stocks to Consider

Cerence currently carries a Zacks Rank #4 (Sell). Shares of CRNC have plunged 82.3% in the past year.

Some better-ranked stocks from the broader Computer and Technology sector are Clearfield CLFD, Silicon Laboratories SLAB and EPAM Systems EPAM, each flaunting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Clearfield's fourth-quarter fiscal 2022 earnings has been revised 10 cents north to 80 cents per share over the past 60 days. For fiscal 2022, earnings estimates have moved 36 cents north to $3.13 per share in the past 60 days.

Clearfield’s earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 33.9%. Shares of CLFD have improved 119.2% in the past year.

The Zacks Consensus Estimate for Silicon Laboratories’ third-quarter 2022 earnings has increased 36% to $1.13 per share over the past 60 days. For 2022, earnings estimates have moved 20.5% up to $4.41 per share in the past 60 days.

Silicon Laboratories’ earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 63.6%. Shares of SLAB have declined 11.2% in the past year.

The Zacks Consensus Estimate for EPAM Systems' third-quarter 2022 earnings has been revised 5 cents northward to $2.45 per share over the past 30 days. For 2022, earnings estimates have moved 13 cents north to $9.79 per share in the past 30 days.

EPAM's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 23%. Shares of the company have declined 34.1% in the past year.


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