NASDAQ:CRNC Cerence (CRNC) Stock Price, News & Analysis → After Conviction, More Bad News for Trump (From Paradigm Press) (Ad) Free CRNC Stock Alerts $3.04 +0.03 (+1.00%) (As of 06/7/2024 ET) Add Compare Share Share Today's Range$2.92▼$3.4050-Day Range$3.01▼$15.3652-Week Range$2.92▼$36.79Volume3.19 million shsAverage Volume2.63 million shsMarket Capitalization$127.01 millionP/E RatioN/ADividend YieldN/APrice Target$10.08 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Cerence alerts: Email Address Cerence MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside231.7% Upside$10.08 Price TargetShort InterestBearish19.24% of Float Sold ShortDividend StrengthN/ASustainability-1.68Upright™ Environmental ScoreNews Sentiment-0.50Based on 2 Articles This WeekInsider TradingSelling Shares$623,575 Sold Last QuarterProj. Earnings GrowthDecreasingFrom $0.10 to ($0.89) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.48 out of 5 starsComputer And Technology Sector214th out of 576 stocksPrepackaged Software Industry72nd out of 193 stocks 4.0 Analyst's Opinion Consensus RatingCerence has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 6 hold ratings, and no sell ratings.Amount of Analyst CoverageCerence has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Cerence's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted19.24% of the float of Cerence has been sold short.Short Interest Ratio / Days to CoverCerence has a short interest ratio ("days to cover") of 6.8.Change versus previous monthShort interest in Cerence has recently increased by 6.30%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldCerence does not currently pay a dividend.Dividend GrowthCerence does not have a long track record of dividend growth. Previous Next 2.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCerence has received a 16.01% net impact score from Upright. Cerence seems to create the most significant positive value in categories "Taxes", "Jobs", and "Knowledge infrastructure". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Integrated development environments", "Continuous authentication software", and "Speech recognition software" products. See details.Environmental SustainabilityThe Environmental Impact score for Cerence is -1.68. Previous Next 1.4 News and Social Media Coverage News SentimentCerence has a news sentiment score of -0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.80 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Cerence this week, compared to 2 articles on an average week.Search Interest15 people have searched for CRNC on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Cerence to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cerence insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $623,575.00 in company stock.Percentage Held by InsidersOnly 1.19% of the stock of Cerence is held by insiders.Percentage Held by Institutions91.44% of the stock of Cerence is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Cerence's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Cerence are expected to decrease in the coming year, from $0.10 to ($0.89) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cerence is -0.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Cerence is -0.45, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioCerence has a P/B Ratio of 0.18. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Cerence's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Paradigm PressTime is Running Out - June 25th Deadline Approaching!If you missed out on crypto, this could be your second chance. The AI “wealth window” is opening now, but you must get in now. Don’t delay.See all the details you need here. About Cerence Stock (NASDAQ:CRNC)Cerence Inc. provides AI powered virtual assistants for the mobility/transportation market in United States, Other Americas, Germany, Europe, Middle East, Africa, Japan, and Other Asia-Pacific. The company offers edge software components, cloud-connected components, virtual assistant coexistence, and professional services. It also provides conversational artificial intelligence-based solutions, including speech recognition, natural language understanding, speech signal enhancement, text-to-speech, and acoustic modeling technology. Cerence Inc. is headquartered in Burlington, Massachusetts.Read More CRNC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CRNC Stock News HeadlinesJune 4, 2024 | globenewswire.comCerence Names Tony Rodriquez as Interim Chief Financial OfficerMay 29, 2024 | globenewswire.comCerence to Power Zeekr Multilingual AI AssistantMay 18, 2024 | morningstar.comCerence Inc Ordinary SharesMay 17, 2024 | markets.businessinsider.comCraig-Hallum Keeps Their Hold Rating on Cerence (CRNC)May 16, 2024 | marketwatch.comCerence Inc.: CFO Daniel Tempesta Resigns Effective May 17 >CRNCMay 11, 2024 | markets.businessinsider.comCerence Inc.: Navigating Transitional Dynamics and Financial Downward AdjustmentsMay 11, 2024 | msn.comWells Fargo Downgrades Cerence (CRNC)May 10, 2024 | msn.comWarner Bros. upgraded, Cerence downgraded: Wall Street's top analyst callsMay 10, 2024 | markets.businessinsider.comWedbush Reaffirms Their Hold Rating on Cerence (CRNC)May 10, 2024 | markets.businessinsider.comWhat Analysts Are Saying About Cerence StockMay 10, 2024 | msn.comCerence Inc. (NASDAQ:CRNC) Q2 2024 Earnings Call TranscriptMay 10, 2024 | finance.yahoo.comCerence Inc (CRNC) Faces Financial Challenges in Q2 2024 Despite Revenue OutperformanceMay 10, 2024 | finance.yahoo.comCerence Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS LagsMay 9, 2024 | globenewswire.comCerence Announces Second Quarter Fiscal Year 2024 ResultsMay 7, 2024 | msn.comNeedham Downgrades Cerence (CRNC)May 6, 2024 | investorplace.comShhh! 3 Secret AI Stocks Flying Below Wall Street's RadarMay 3, 2024 | businesswire.comCERENCE INVESTIGATION CONTINUED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Cerence Inc. - CRNCApril 27, 2024 | stockhouse.comFoxtron and Cerence Collaborate to Bring First-of-its-Kind Intuitive Interaction to Foxtron's New Electric Vehicles in TaiwanApril 25, 2024 | globenewswire.comCerence to Announce Fiscal Second Quarter Results on May 9, 2024April 25, 2024 | finance.yahoo.comFoxtron and Cerence Collaborate to Bring First-of-its-Kind Intuitive Interaction to Foxtron’s New Electric Vehicles in TaiwanApril 23, 2024 | finance.yahoo.comInsider Sell: CEO Stefan Ortmanns Sells 10,762 Shares of Cerence Inc (CRNC)April 19, 2024 | prnewswire.comCERENCE INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Cerence Inc. - CRNCApril 17, 2024 | markets.businessinsider.comAnalyst Scoreboard: 4 Ratings For CerenceApril 12, 2024 | investorplace.com3 Tech Stocks to Buy to Triple Your Investment by 2025April 5, 2024 | businesswire.comCERENCE INVESTIGATION CONTINUED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Cerence Inc. - CRNCSee More Headlines Receive CRNC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cerence and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/09/2024Today6/07/2024Next Earnings (Estimated)8/13/2024Fiscal Year End9/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryN/A Current SymbolNASDAQ:CRNC CUSIPN/A CIK1768267 Webwww.cerence.com Phone857-362-7300FaxN/AEmployees1,700Year FoundedN/APrice Target and Rating Average Stock Price Target$10.08 High Stock Price Target$23.00 Low Stock Price Target$6.00 Potential Upside/Downside+231.7%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)($6.83) Trailing P/E RatioN/A Forward P/E Ratio30.40 P/E GrowthN/ANet Income$-56,250,000.00 Net Margins-80.93% Pretax Margin-63.47% Return on Equity3.66% Return on Assets1.95% Debt Debt-to-Equity Ratio0.60 Current Ratio2.18 Quick Ratio2.18 Sales & Book Value Annual Sales$348.58 million Price / Sales0.36 Cash FlowN/A Price / Cash FlowN/A Book Value$17.23 per share Price / Book0.18Miscellaneous Outstanding Shares41,777,000Free Float41,280,000Market Cap$127.00 million OptionableOptionable Beta2.40 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesDr. Stefan Ortmanns (Age 60)President, CEO & Director Comp: $1.18MMr. Iqbal Arshad (Age 62)Executive VP & CTO Comp: $906.7kMr. Thomas L. Beaudoin (Age 71)Executive Officer & Director Comp: $868.08kMr. Daniel D. Tempesta (Age 54)Chief Financial Officer Ms. Jennifer SalinasSenior VP, General Counsel & SecretaryMr. Sachin SahneyChief Human Resources OfficerMr. Sujal ShahHead of Professional ServicesMr. Nils SchanzChief Product OfficerMr. Christian MentzChief Revenue OfficerDennis J. CloseVP & TreasurerMore ExecutivesKey CompetitorsCognyte SoftwareNASDAQ:CGNTMagic Software EnterprisesNASDAQ:MGICSecureWorksNASDAQ:SCWX3D SystemsNYSE:DDDMarketWiseNASDAQ:MKTWView All CompetitorsInsiders & InstitutionsThomas L BeaudoinSold 5,000 sharesTotal: $17,350.00 ($3.47/share)Stefan OrtmannsSold 5,249 sharesTotal: $20,313.63 ($3.87/share)Walleye Trading LLCSold 1,600 shares on 5/17/2024Ownership: 0.000%Kennedy Capital Management LLCBought 165,519 shares on 5/16/2024Ownership: 0.396%PEAK6 Investments LLCBought 18,600 shares on 5/15/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions CRNC Stock Analysis - Frequently Asked Questions Should I buy or sell Cerence stock right now? 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cerence in the last year. There are currently 6 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CRNC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CRNC, but not buy additional shares or sell existing shares. View CRNC analyst ratings or view top-rated stocks. What is Cerence's stock price target for 2024? 6 analysts have issued 12 month price objectives for Cerence's shares. Their CRNC share price targets range from $6.00 to $23.00. On average, they anticipate the company's share price to reach $10.08 in the next twelve months. This suggests a possible upside of 231.7% from the stock's current price. View analysts price targets for CRNC or view top-rated stocks among Wall Street analysts. How have CRNC shares performed in 2024? Cerence's stock was trading at $19.66 on January 1st, 2024. Since then, CRNC stock has decreased by 84.5% and is now trading at $3.04. View the best growth stocks for 2024 here. Are investors shorting Cerence? Cerence saw a increase in short interest in May. As of May 15th, there was short interest totaling 6,920,000 shares, an increase of 6.3% from the April 30th total of 6,510,000 shares. Based on an average daily trading volume, of 1,020,000 shares, the short-interest ratio is currently 6.8 days. Currently, 19.2% of the shares of the stock are short sold. View Cerence's Short Interest. When is Cerence's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 13th 2024. View our CRNC earnings forecast. How were Cerence's earnings last quarter? Cerence Inc. (NASDAQ:CRNC) released its quarterly earnings results on Thursday, May, 9th. The company reported ($0.20) earnings per share for the quarter, topping analysts' consensus estimates of ($0.46) by $0.26. The company had revenue of $67.83 million for the quarter, compared to analysts' expectations of $62.22 million. Cerence had a positive trailing twelve-month return on equity of 3.66% and a negative net margin of 80.93%. What ETFs hold Cerence's stock? ETFs with the largest weight of Cerence (NASDAQ:CRNC) stock in their portfolio include Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) and Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ).Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR). What guidance has Cerence issued on next quarter's earnings? Cerence updated its third quarter 2024 earnings guidance on Thursday, May, 9th. The company provided earnings per share guidance of -0.010-0.130 for the period, compared to the consensus earnings per share estimate of 0.130. The company issued revenue guidance of $66.0 million-$72.0 million, compared to the consensus revenue estimate of $75.5 million. What other stocks do shareholders of Cerence own? Based on aggregate information from My MarketBeat watchlists, some companies that other Cerence investors own include NVIDIA (NVDA), Block (SQ), Fastly (FSLY), DocuSign (DOCU), PayPal (PYPL), Shopify (SHOP), Teladoc Health (TDOC), Alteryx (AYX), Lumentum (LITE) and Salesforce (CRM). Who are Cerence's major shareholders? Cerence's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.79%), CANADA LIFE ASSURANCE Co (2.68%), Pinnacle Associates Ltd. (1.49%), Mirae Asset Global Investments Co. Ltd. (0.86%), Principal Financial Group Inc. (0.52%) and Kennedy Capital Management LLC (0.40%). Insiders that own company stock include Christophe Couvreur, Iqbal Arshad, Leanne Fitzgerald, Mark J Gallenberger, Prateek Kathpal, Sanjay Dhawan, Stefan Ortmanns and Thomas L Beaudoin. View institutional ownership trends. How do I buy shares of Cerence? Shares of CRNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:CRNC) was last updated on 6/8/2024 by MarketBeat.com Staff From Our PartnersWe’ve Made 1,000% … THREE Different Times in the Last Year (Here’s How)Bitcoin can and probably will hit the $1 MILLION level this decade. That’s more than 1,000% upside from the...Paradigm Press | SponsoredBreaking - The US Gov. Seized CITGODo you want an investment that can double or triple your money in the next three months? The US Court is cu...Augury Research | SponsoredTop 5 Tech Stocks to Buy for 2024The next evolution of technology is already upending industries worth $7 Trillion… It's already got the world'...Daily Market Alerts | SponsoredTop 5 AI Stocks to Buy for 2024The electric vehicle boom is accelerating – and fast.Market Moving Trends | SponsoredNo Strings Attached: Get 30 Days of Hedgeye’s Top Stock Picks for FreeOptimize your stock investing strategy with Hedgeye's Investing Ideas, where rigorous fundamental stock analys...Hedgeye | SponsoredWas the Great Financial Crisis fun?The Great Financial Crisis, which actually started in the summer of 2007 and did not end until March of 2009, ...Brooks Enterprises | SponsoredCollapse of the Petrodollar The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Ru...Colonial Metals | SponsoredShocking $16T Elon Musk Crypto LeakReports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto mark...Crypto 101 Media | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Cerence Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Share Cerence With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
