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PRNewswire (Fri, 19-Apr 10:45 PM ET)
Attention Cerence Inc Investors: Company Investigated by the Portnoy Law Firm
Globe Newswire (Wed, 10-Apr 5:26 PM ET)
Business Wire (Fri, 5-Apr 7:00 PM ET)
Globe Newswire (Tue, 2-Apr 9:01 AM ET)
Cerence Engages First Automaker Customers for CaLLM , Its Pioneering Automotive Large Language Model
Globe Newswire (Thu, 21-Mar 8:00 AM ET)
Cerence Announces Equity Grant to Employee Under Inducement Plan
Globe Newswire (Tue, 19-Mar 8:00 AM ET)
Cerence Names Daniel Tempesta as Chief Financial Officer
Globe Newswire (Mon, 4-Mar 8:00 AM ET)
Cerence Announces Its Participation at Two Upcoming Investor Conferences
Globe Newswire (Tue, 27-Feb 8:00 AM ET)
Cerence Announces First Quarter Fiscal Year 2024 Results
Globe Newswire (Tue, 6-Feb 7:00 AM ET)
Cerence to Announce Fiscal First Quarter Results on February 6, 2024
Globe Newswire (Tue, 23-Jan 8:00 AM ET)
Cerence Inc is a United States-based software company. It is involved in developing mobility-based solutions for drivers and their cars. The customers include all automobile original equipment manufacturers, or OEMs, or their tier 1 suppliers. The company's revenue is generated by selling software licenses and cloud-connected services. Geographically, it derives a majority of its revenue from the United States and also has a presence in Other Americas; Germany; Other Europe, the Middle East, Africa; Japan, and Other Asia-Pacific.
Cerence trades on the NASDAQ stock market under the symbol CRNC.
As of April 23, 2024, CRNC stock price climbed to $9.76 with 928,745 million shares trading.
CRNC has a beta of 2.36, meaning it tends to be more sensitive to market movements. CRNC has a correlation of 0.24 to the broad based SPY ETF.
CRNC has a market cap of $406.74 million. This is considered a Small Cap stock.
Last quarter Cerence reported $138 million in Revenue and $1.12 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.22.
In the last 3 years, CRNC stock traded as high as $127.80 and as low as $9.50.
The top ETF exchange traded funds that CRNC belongs to (by Net Assets): IJR, VTI, VB, VGT, VBR.
CRNC has underperformed the market in the last year with a price return of -62.4% while the SPY ETF gained +24.3%. CRNC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -51.8% and -30.6%, respectively, while the SPY returned +4.9% and -2.5%, respectively.
CRNC support price is $9.24 and resistance is $10.01 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CRNC stock will trade within this expected range on the day.