CRNC - Cerence Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
15.99
-2.06 (-11.41%)
At close: 4:00PM EDT
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Previous Close18.05
Open18.00
Bid16.02 x 2200
Ask15.91 x 900
Day's Range15.40 - 18.19
52 Week Range11.39 - 29.36
Volume3,172,953
Avg. Volume691,289
Market Cap582.652M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateFeb 10, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est25.00
  • 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.

  • GlobeNewswire

    Cerence Introduces New Features in Cerence Drive, the World’s Leading Technology and Solutions Portfolio for Automakers and Connected Cars

    Cerence Inc. (CRNC), AI for a world in motion, today introduced new innovations in Cerence Drive, its technology and solutions portfolio for automakers and IoT providers to build high-quality, intelligent voice assistant experiences and speech-enabled applications. Cerence Drive today powers AI-based, voice-enabled assistants in approximately 300 million cars from nearly every major automaker in the world, including Audi, BMW, Daimler, Ford, Geely, GM, SAIC, Toyota, and many more. The Cerence Drive portfolio offers a distinct, hybrid approach with both on-board and cloud-based technologies that include voice recognition, natural language understanding (NLU), text-to-speech (TTS), speech signal enhancement (SSE), and more.

  • GlobeNewswire

    Cerence to Announce Fourth Quarter and Fiscal Year Results on December 17, 2019

    BURLINGTON, Mass., Dec. 10, 2019 -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will release its fourth quarter and fiscal 2019 financial results, along with its.

  • GlobeNewswire

    Cerence to Present at Two Upcoming Investor Conferences

    BURLINGTON, Mass., Dec. 04, 2019 -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that it will be participating in the following investor conferences.

  • GlobeNewswire

    Cerence Powers Advanced Innovation in Revolutionary Mercedes-Benz User Experience

    Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced continued innovation and development collaboration with Daimler on its Mercedes-Benz User Experience (MBUX) multimedia system. One of the most revolutionary and feature-rich infotainment systems on the market today, MBUX provides an elegant, personalized and connected experience through Cerence solutions for Mercedes-Benz drivers and passengers worldwide. “MBUX remains one of the most revolutionary multimedia and infotainment systems on the market today and has been a significant step forward in the industry,” said Sanjay Dhawan, CEO, Cerence.

  • 3 ‘Strong Buy’ Tech Stocks Flying Under the Radar
    TipRanks

    3 ‘Strong Buy’ Tech Stocks Flying Under the Radar

    Tech heavy weights have undoubtedly revolutionized the world we live in. Household names like Apple (AAPL) and Microsoft (MSFT) are widely considered to be disruptive forces in the industry, offering innovative approaches with their respective products. This is perhaps why investors will often turn to these more well-known tech giants when searching for investments capable of bringing home the bacon.However, the pros on Wall Street suggest going about this in a different way. Many analysts believe that while harder to spot, lesser-known tech stocks can make more compelling investments as some offer significantly larger upside potential than other top dogs. But how are investors supposed to find the tech stocks that have largely escaped media attention? We recommend using TipRanks.com.The platform’s wealth of market data helped us zero in on 3 tech stocks set to reward investors handsomely through the next year and beyond. It also doesn’t hurt that each of the tickers has amassed enough support from analysts over the last three months to earn a “Strong Buy” consensus rating. With that in mind, let’s dive right in.Cerence (CRNC)The Nuance Communications spin-off is a digital AI assistant for vehicles, built to improve overall customer safety. When considering the technology’s potential implications, it’s easy to see why the Street’s focus has locked in on CRNC.Raymond James analyst Brian Gesuale tells investors that the tech company is a stand-out because it will likely benefit from the fact that cars can now be thought of as mobile devices. This is on top of its ability to generate margins closer to that of vertical software and automation names.“The market is valuing CRNC like a high-end Tier 1 auto supplier, and we believe the multiple will re-rate higher and converge with the automation and vertical software group as the market figures out the story,” he commented.This prompted the five-star analyst to initiate a bullish call on CRNC stock. His $38 price target conveys his confidence in CRNC’s ability to soar 145% over the next twelve months. (To watch Gesuale’s track record, click here)Meanwhile, Wedbush analyst Daniel Ives agrees that CRNC has the potential to dish out returns in the long run. To this end, the four-star analyst started coverage with a Buy and attached a $23 price target. While less than Gesuale’s, he still sees substantial upside of 45%.It’s not often that the analysts all agree on a stock, so when it does happen, take note. CRNC’s Strong Buy consensus rating is based on a unanimous 3 Buys. The stock’s $28.33 average price target suggests about 84% and a change from the current share price of $15.42. (See Cerence stock analysis on TipRanks)Medallia (MDLA)Medallia is best known for its Software-as-a-Service platform, the Medallia Experience Cloud, which has allowed the company to lead the way in business analytics. Following its recent IPO, MDLA has impressed to say the least.With customer usage levels that rival social media networks, MDLA has the advantage in the space as a result of its unique approach to tracking customer signals, or what it calls experience management. Adding to the good news, analysts believe the strong management team as well as the vast market opportunity could propel MDLA to new heights.Craig-Hallum's Chad Bennett is one of the analysts getting excited about MDLA after its noteworthy performance in its most recent quarter. The analyst not only highlights its “sizeable” EPS and revenue beat but also management’s guidance that surpasses consensus estimates across the board. He interprets this as a signal that MDLA could be a long-term winner.As a result, Bennett kept his Buy recommendation while lowering the price target from $45 to $40. Even at this new target, shares could surge 42% in the coming twelve months. (To watch Bennett’s track record, click here)In general, other Wall Street analysts take a similar approach when it comes to MDLA. 8 Buy ratings and 2 Holds add up to a ‘Strong Buy’ consensus. Its $46 average price target brings the upside potential to 63%. (See Medallia stock analysis on TipRanks)Opera Limited (OPRA)Opera designs web browsers for mobile phones and PCs, equipped with built-in ad blockers, free VPNs, unit converters, social messengers, battery savers as well as several other features. Ahead of its November 14 earnings release, investors want to know if the stock will see further gains on top of its already posted 67% year-to-date growth.According to Lake Street analyst Mark Argento, OPRA is the epitome of an “overlooked” internet company. While he does acknowledge that the company could improve the monetization of its "massive" installed base through its advertising, his bullish thesis remains firmly intact.Argento argues that his bullish take has to do with OPRA’s valuation, which is significantly more attractive than that of its competitors in the sector. Considering that his estimates call for 30% growth and expanding margins, this makes sense.If this wasn’t promising enough, the company’s newest feature stands to deliver another win. Just last month, OPRA unveiled its new tracker blocker, which will increase browsing speeds by about 20%.With this in mind, Argento initiated coverage with a Buy and set a $19 price target. This implies that shares could skyrocket 105% over the next twelve months. (To watch Argento’s track record, click here)Based on all the above factors, Wall Street also has high hopes for OPRA. As 3 Buy ratings were assigned in the last three months compared to no Holds or Sells, the consensus is unanimous: the stock is a ‘Strong Buy’. To top it all off, its $17 average stock-price forecast puts the potential twelve-month gain at a whopping 87%. (See Opera stock analysis on TipRanks)

  • GlobeNewswire

    Cerence Appoints Prateek Kathpal as Chief Technology Officer

    Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced the company has appointed Prateek Kathpal, an experienced innovation and product management leader, as the company’s Chief Technology Officer (CTO). In this role, Mr. Kathpal will be responsible for Cerence’s technology vision, core products and product roadmaps. Mr. Kathpal brings more than 20 years of experience in fast-moving and high-growth environments.

  • GlobeNewswire

    Cerence and Wuling Motors Partner to Build WIND, Indonesia’s First Intelligent Car Platform

    Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that its Cerence Drive platform powers Wuling Motors’ award-winning WIND (Wuling Indonesian Command), Indonesia’s first Indonesian-language voice control technology platform that marks a significant deployment for Cerence in the region.