24-May-2024
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Cerence Announces Second Quarter Fiscal Year 2024 Results
Globe Newswire (Thu, 9-May 7:00 AM ET)
Business Wire (Fri, 3-May 2:28 PM ET)
Cerence to Announce Fiscal Second Quarter Results on May 9, 2024
Globe Newswire (Thu, 25-Apr 4:30 PM ET)
Globe Newswire (Thu, 25-Apr 8:00 AM ET)
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)
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 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 May 24, 2024, CRNC stock price declined to $3.21 with 2,334,602 million shares trading.
CRNC has a beta of 1.51, meaning it tends to be more sensitive to market movements. CRNC has a correlation of 0.04 to the broad based SPY ETF.
CRNC has a market cap of $134.10 million. This is considered a Micro Cap stock.
Last quarter Cerence reported $68 million in Revenue and -$.09 earnings per share. This beat revenue expectation by $6 million and exceeded earnings estimates by $.13.
In the last 3 years, CRNC stock traded as high as $127.80 and as low as $3.16.
The top ETF exchange traded funds that CRNC belongs to (by Net Assets): VTI, IJR, VB, VGT, VBR.
CRNC has underperformed the market in the last year with a price return of -87.4% while the SPY ETF gained +30.4%. CRNC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -77.3% and -40.0%, respectively, while the SPY returned +4.6% and +1.7%, respectively.
CRNC support price is $3.30 and resistance is $3.72 (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.