CRNC - Cerence Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
29.91
+2.19 (+7.92%)
At close: 4:00PM EDT

29.91 0.00 (0.00%)
After hours: 4:25PM EDT

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Relative Strength Index (RSI)

Relative Strength Index (RSI)

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close27.72
Open27.31
Bid29.72 x 1800
Ask29.74 x 1100
Day's Range27.15 - 30.56
52 Week Range11.39 - 34.48
Volume2,962,243
Avg. Volume735,889
Market Cap1.092B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateMay 07, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est23.80
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Undervalued
43% Est. Return
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  • GlobeNewswire

    Cerence Inc. Prices Offering of $150 Million 3.00% Convertible Senior Notes due 2025

    Cerence Inc. (CRNC), AI for a world in motion, announced today the pricing of $150.0 million aggregate principal amount of 3.00% convertible senior notes due 2025 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering, Cerence granted the initial purchasers an option to purchase up to an additional $25.0 million aggregate principal amount of notes. On or after March 1, 2025, the notes will be convertible at any time until the close of business on the second scheduled trading day immediately preceding the maturity date.

  • GlobeNewswire

    Cerence Inc. Announces Proposed Offering of $150 Million Convertible Senior Notes

    Cerence Inc. (CRNC), AI for a world in motion, announced today that it intends to offer, subject to market conditions and other factors, $150.0 million aggregate principal amount of convertible senior notes due 2025 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering, Cerence expects to grant the initial purchasers an option to purchase up to an additional $25.0 million aggregate principal amount of notes. On or after March 1, 2025, the notes will be convertible at any time until the close of business on the second scheduled trading day immediately preceding the maturity date.

  • GlobeNewswire

    Cerence Continues Long-Term Partnership with Audi to Deliver Conversational AI for the Automaker’s Next-Generation Voice Assistant

    Cerence Inc. (CRNC), AI for a world in motion, today announced that its Cerence Drive platform will bring an enhanced conversational experience to Audi’s new, next-generation voice assistant. This connected navigation and infotainment system provides real-time access to all content, services, and features within select Audi vehicles through the Audi Connect platform. Cerence Drive utilizes speech recognition, natural language understanding (NLU), text-to-speech (TTS), and speech signal enhancement to create a truly conversational automotive assistant for Audi that listens, understands, and responds to drivers.

  • Insider Monkey

    Strong Outlook, Attractive Valuations Driving Cerence (CRNC) Stock

    Bernzott Capital Advisors recently released its Q1 2020 Investor Letter, a copy of which you can download below. The fund posted a return of -32.76% (net) for the quarter, outperforming its benchmark, the Russell 2000 Value Index which returned -35.66% in the same quarter. You should check out Bernzott Capital Advisors top 5 stock picks […]

  • GlobeNewswire

    Cerence Launches Cerence ARK Assistant—a Turnkey Automotive Voice Assistant—in U.S. English

    Cerence Inc. (CRNC), AI for a world in motion, today introduced Cerence ARK Assistant, a new turnkey automotive voice assistant in U.S. English. Cerence ARK Assistant provides OEMs the ability to quickly develop, deploy and manage an automotive voice assistant without sacrificing the performance, flexibility and breadth of capabilities that Cerence is known for. It is a turnkey product that combines in-car technology and cloud services to help automakers accelerate the time it takes to create a voice assistant.

  • GlobeNewswire

    Cerence Announces Second Quarter 2020 Results

    Second Quarter Highlights First-half of fiscal year bookings reach a record of $533M exceeding FY2019 full year bookings Record quarterly GAAP revenue at $86.5M increased.

  • GlobeNewswire

    Cerence to Announce Fiscal Second Quarter Results on May 7, 2020

    Cerence Inc. (CRNC), AI for a world in motion, will announce its second quarter, fiscal year 2020 financial results for the quarter ended March 31, 2020, on Thursday, May 7, 2020, at 7:00 a.m. EDT / 4:00 a.m. PDT.

  • GlobeNewswire

    Bean Tech Chooses Cerence ARK to Deliver AI-Driven In-Car Experience to Great Wall Motors

    Cerence Inc. (CRNC), AI for a world in motion, today announced that Bean Tech, a strategic partner of Great Wall Motors, will deploy Cerence ARK (AI Reference Kit) to build AI-powered automotive assistants for the Chinese automotive group. Cerence ARK is a turkey automotive solution that packages the company’s state-of-the-art AI-powered voice assistant features, including wake-up word, automatic speech recognition, speech signal enhancement, natural language understanding, and text to speech, and offers them in an open, flexible and fast architecture with minimal development and deployment time.

  • GlobeNewswire

    Cerence Powers Voice for All-New Uconnect 5 Global Infotainment Platform at FCA

    Cerence Inc. (CRNC), AI for a world in motion, today announced that FCA has selected Cerence Drive to power voice recognition in the all-new Uconnect 5 global platform. The latest updates within Uconnect 5 enable FCA to provide a helpful, content-rich and personalized driving experience, making it the most advanced Uconnect system ever.

  • GlobeNewswire

    Geely’s China Euro Vehicle Technology Selects Cerence ARK to Bring AI-Powered Auto Experience to Geely Car Models

    Cerence Inc. (CRNC), AI for a world in motion, today announced that Geely’s China Euro Vehicle Technology (CEVT) has selected Cerence ARK to build AI-powered automotive assistants for Geely Auto Group, China’s leading privately owned group. Cerence ARK is a turnkey automotive product that enables automakers to quickly develop, deploy and manage a fully localized automotive voice assistant.

  • GlobeNewswire

    Cerence Expands Portfolio; Introduces New Cerence UX Services to Help Automakers Deliver Powerful and Compelling User Experience

    Cerence Inc. (CRNC), AI for a world in motion, today announced Cerence UX Services, encompassing a new suite of evaluation and validation services that provide deep analysis and understanding of the in-car user experience (UX) and driver satisfaction to automakers. As end users become increasingly accustomed to the high-quality, consistently improving user interfaces of their smartphones and smart homes, their expectations of the UX and user interface within the car have grown. Cerence UX Services will support automakers as they look to meet these changing expectations by evaluating all aspects of the in-car UX, going beyond pure accuracy measurements to study end-user interactions and satisfaction with the Human-Machine Interface (HMI) and connected experience, as well as a system’s ability to effectively handle tasks and queries.

  • GlobeNewswire

    Cerence Signs Largest Contract in Its History for Voice- and AI-based Automotive Assistants

    Cerence Inc. (CRNC), AI for a world in motion, today announced it has signed the largest contract in its history. In fiscal Q2 2020, Cerence signed a global contract with a valuation of $125 million with a large European car manufacturer for its industry-leading voice- and AI-based automotive assistants. “This is a tremendous milestone for Cerence and further evidence of strong momentum in our business,” said Sanjay Dhawan, CEO of Cerence Inc. “We are proud and grateful for the continued trust that our automotive customers have placed in the Cerence team and our products as we create a safer, more enjoyable journey for everyone.”

  • GlobeNewswire

    HERE and Cerence bring more personalized, contextualized in-car experiences to drivers worldwide

    Cerence Inc., the global industry leader in creating unique, moving experiences for the automotive world, and HERE Technologies, a global leader in mapping and location platform services, today announced that they have teamed up to integrate HERE location intelligence with the Cerence Drive portfolio to bring advanced AI-powered mobility assistant offerings to the automotive industry. Building on the companies’ long-standing partnership prior to Cerence’s spin-out from Nuance Communications, HERE and Cerence will continue to bring voice-powered access to HERE maps, APIs and point-of-interest (POI) data to the marketplace of global automakers, including Audi, BMW and Daimler.

  • GlobeNewswire

    Cerence Introduces Cerence Cognitive Arbitrator, a New AI-Powered Product for Choice and Flexibility to Interact with Multiple Voice Assistants in the Car

    Cerence Inc. (CRNC), AI for a world in motion, today introduced Cerence Cognitive Arbitrator, an AI-powered product in the Cerence Drive portfolio that makes it fast and easy to build in-car voice systems that deliver co-existence between the wide variety of virtual assistants, third-party services, and content available in today’s global digital ecosystem. Through a single voice-enabled or multi-modal interface, Cerence Cognitive Arbitrator removes the complexity of which assistant should execute a given task, giving users flexibility in their usage of assistants and enabling automakers to maintain their brand experience and data ownership. Cerence Cognitive Arbitrator is a flexible, intelligent and singular hub that lets users make inquiries and complete tasks across their digital universe.

  • GlobeNewswire

    Cerence Announces First Quarter 2020 Results

    Cerence First Quarter Highlights GAAP revenue increased approximately 7% year over yearDelivered strong financial performance first quarter as an independent companyWon 7 new.

  • GlobeNewswire

    Cerence to Announce Fiscal First Quarter Results on February 11, 2020

    Cerence Inc. (CRNC), AI for a world in motion, will announce its first quarter, fiscal year 2020 financial results for the quarter ended December 31, 2019, along with its business outlook, on Tuesday, February 11, 2020 at 7:00 a.m. EST / 4:00 a.m. PST.

  • GlobeNewswire

    Cerence Teams with Microsoft on Enhanced Interoperability for the In-Car Experience

    Cerence Inc. (CRNC), AI for a world in motion, today announced it is working with Microsoft to integrate Cerence Drive products with the Microsoft Connected Vehicle Platform (MCVP). This new integration is part of Cerence’s ongoing commitment to delivering a superior user experience in the car through interoperability across voice-powered platforms and operating systems. Automakers developing their connected vehicle solutions on MCVP can now benefit from Cerence’s industry-leading conversational AI, in turn delivering a seamless, connected, voice-powered experience to their drivers.

  • GlobeNewswire

    Cerence to Join Forces with LG on AI-Powered Connected Car Platform

    Cerence Inc. (CRNC), AI for a world in motion, today announced the signing of a memorandum of understanding with LG Electronics (LG) to develop a new software solution that integrates LG’s webOS Auto In-Vehicle Infotainment (IVI) system with Cerence ARK (AI Reference Kit), a new turnkey voice assistant for the automotive market. The partnership is expected to deliver more efficient management of resources required to integrate Cerence ARK with webOS Auto, aiming to provide OEMs and tier-one manufacturers with a pre-packaged, full-stack IVI software system that will shorten the time-to-market, bring an immersive voice experience and rich content ecosystem to connected cars and improve the user experience inside the vehicle. LG’s webOS Auto is a Linux-powered IVI platform for connected cars designed to provide OEMs and tier-one manufacturers with productivity and flexibility for the next generation in-vehicle experience.

  • GlobeNewswire

    The Future of the In-Car Experience is Here: Cerence Introduces Gesture-Based Interaction with the Button-Free Car of the Future

    Cerence Inc. (CRNC), AI for a world in motion, today introduced new innovations to its Cerence Drive platform, including enhanced, button-free interaction that leverages voice recognition, gaze detection, touch, and gesture to create the most natural, human-like in-car experience available today. At CES 2020, Cerence will showcase how voice recognition and head tracking can be used together to open windows and doors, and how the automotive assistant will bring the outside world in, tracking users’ gaze combined with their voice to provide information about points of interest outside the car. Alongside these multi-modal innovations, the demo will also feature intelligent voice traffic notifications that leverage natural language generation to assist drivers with route selection; new Cerence Emergency Vehicle Detection; and Cerence’s new Car Life suite of solutions that support drivers through the entirety of the car ownership life cycle.

  • GlobeNewswire

    Cerence Introduces Emergency Vehicle Detection, Bringing Enhanced Safety Features to the Cerence Drive Portfolio

    CES 2020 -- Cerence Inc. (CRNC), AI for a world in motion, today introduced Cerence Emergency Vehicle Detection (EVD), the latest new product in the Cerence Drive technology and solutions portfolio. Cerence EVD integrates with the in-car assistant to alert drivers of approaching emergency vehicles so they can adapt their driving accordingly. “Every driver has experienced that moment of panic after hearing or seeing an approaching emergency vehicle, especially if they were caught off guard because they had the music turned up or were distracted,” said Stefan Ortmanns, EVP & General Manager, Core Automotive, Cerence.

  • GlobeNewswire

    Cerence Introduces Car Life, an AI-Powered, SaaS Product Suite to Support the Entire Car Ownership Life Cycle

    Cerence Inc. (CRNC), AI for a world in motion, today announced Cerence Car Life, a suite of AI-powered products that will enable drivers to better interact with and manage their cars through the entire ownership life cycle. As cars have become more complex, it has become increasingly difficult for drivers to navigate the many features, notifications, warning lights, and buttons within the vehicle. The Cerence Car Life suite of AI-powered knowledge solutions provides drivers with the best answers and information – all of which is tailored to each individual car, its configuration, and the continuously learned preferences of the driver – via a companion application, voice output from the automotive assistant, and imagery displayed on the car’s infotainment system.

  • GlobeNewswire

    Cerence Introduces My Car, My Voice – New Voice Clone Solution to Personalize the In-Car Voice Assistant

    Cerence Inc. (CRNC), AI for a world in motion, today introduced My Car, My Voice, a revolutionary product that lets people create custom voices for their in-car assistants. Cerence’s voice clone technology is a game-changing innovation for the world of in-car voice assistants, which typically come with a set of pre-determined voice options. Now, with this new Cerence innovation, people can quickly and easily create a carbon copy of their own voice or that of a family member or friend to be the persona of the voice assistant in their cars that can be used to give directions, read messages and provide updates.

  • GlobeNewswire

    Cerence to Bring First-of-its-Kind Voice and Multi-Modal Interaction to Autonomous, Electric Vehicle at CES 2020

    Cerence Inc. (CRNC), e.GO MOOVE GmbH together with e.GO Digital GmbH, and Saint-Gobain Sekurit today unveiled their plans to showcase a revolutionary, multi-modal experience in the e.GO Mover, an autonomous, electric bus, at the upcoming Consumer Electronics Show (CES) 2020 in Las Vegas. Demonstrating a unique focus on the user experience in the autonomous, electric and shared vehicle of the future, Cerence will show how its speech recognition and natural language understanding and output, combined with speech signal enhancement and Saint-Gobain Sekurit’s transparent screen technology, will enable people to interact with the e.GO Mover.

  • GlobeNewswire

    Cerence Announces Fourth Quarter and Fiscal Year 2019 Results

    Cerence Fourth Quarter and Fiscal Year Highlights Revenue and Backlog reach all-time high in FY19Revenue for the fiscal year exceeded the guidance rangeDesign wins in fiscal.

  • GlobeNewswire

    Cerence Introduces Cerence ARK, a Turnkey Automotive Assistant Solution Fully Localized for the Chinese Market

    Cerence Inc. (CRNC), AI for a world in motion, today introduced Cerence ARK (AI Reference Kit), a new, turnkey automotive product that enables Chinese automakers to quickly develop, deploy and manage a fully localized automotive voice assistant. Leveraging Cerence’s deep expertise in Chinese speech recognition and automotive AI, ARK delivers a human-machine interface (HMI) with comprehensive voice-based AI capabilities for all major automotive platforms and operating systems. With Cerence ARK, the company has bundled its industry-leading core voice assistant features, including wake-up word, voice biometrics, automatic speech recognition, natural language understanding, and text to speech, and delivered them in an open, flexible and fast architecture for minimal development and deployment time.