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NASDAQ:CRNCCerence Stock Price, Forecast & News

$41.03
-1.53 (-3.59 %)
(As of 07/7/2020 04:00 PM ET)
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Today's Range
$39.43
Now: $41.03
$42.39
50-Day Range
$26.62
MA: $37.46
$44.40
52-Week Range
$11.39
Now: $41.03
$45.35
Volume1.09 million shs
Average Volume892,342 shs
Market Capitalization$1.50 billion
P/E Ratio14.87
Dividend YieldN/A
BetaN/A
Cerence Inc. provides A.I. powered assistants and innovations for connected and autonomous vehicles. It offers edge software components; cloud connected components; toolkits; applications; and virtual assistant coexistence and professional services. The company also provides conversational artificial intelligence, including voice recognition, natural language understanding, and artificial intelligence services. The company is headquartered in Burlington, Massachusetts.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.61 out of 5 stars


Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
Current SymbolNASDAQ:CRNC
CUSIPN/A
CIKN/A
Phone857-362-7300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$303.32 million
Cash Flow$3.49 per share
Book Value$29.35 per share

Profitability

Miscellaneous

Employees1,400
Market Cap$1.50 billion
Next Earnings DateN/A
OptionableNot Optionable

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Cerence (NASDAQ:CRNC) Frequently Asked Questions

How has Cerence's stock been impacted by COVID-19 (Coronavirus)?

Cerence's stock was trading at $18.61 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CRNC stock has increased by 120.5% and is now trading at $41.03. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cerence?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cerence in the last year. There are currently 1 sell rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Cerence.

How were Cerence's earnings last quarter?

Cerence (NASDAQ:CRNC) issued its quarterly earnings data on Thursday, May, 7th. The company reported $0.43 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.20 by $0.23. The company earned $86.50 million during the quarter, compared to analysts' expectations of $65 million. View Cerence's earnings history.

What price target have analysts set for CRNC?

8 equities research analysts have issued twelve-month target prices for Cerence's shares. Their forecasts range from $24.00 to $50.00. On average, they expect Cerence's share price to reach $35.71 in the next twelve months. This suggests that the stock has a possible downside of 13.0%. View analysts' price targets for Cerence.

Has Cerence been receiving favorable news coverage?

News coverage about CRNC stock has trended negative this week, according to InfoTrie. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Cerence earned a coverage optimism score of -2.1 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Cerence.

Are investors shorting Cerence?

Cerence saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 4,780,000 shares, an increase of 59.9% from the June 15th total of 2,990,000 shares. Based on an average daily trading volume, of 985,800 shares, the short-interest ratio is currently 4.8 days. Approximately 13.5% of the company's shares are sold short. View Cerence's Current Options Chain.

Who are some of Cerence's key competitors?

What other stocks do shareholders of Cerence own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cerence investors own include Johnson & Johnson (JNJ), Mongodb (MDB), Enterprise Products Partners (EPD), Gilead Sciences (GILD), Nuance Communications (NUAN), Paypal (PYPL), Twilio (TWLO), Visa (V), Verizon Communications (VZ) and Wells Fargo & Co (WFC).

What is Cerence's stock symbol?

Cerence trades on the NASDAQ under the ticker symbol "CRNC."

How do I buy shares of Cerence?

Shares of CRNC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Cerence's stock price today?

One share of CRNC stock can currently be purchased for approximately $41.03.

How big of a company is Cerence?

Cerence has a market capitalization of $1.50 billion and generates $303.32 million in revenue each year. The company earns $100.27 million in net income (profit) each year or $2.76 on an earnings per share basis. Cerence employs 1,400 workers across the globe.

What is Cerence's official website?

The official website for Cerence is www.cerence.com.

How can I contact Cerence?

Cerence's mailing address is 15 WAYSIDE ROAD, BURLINGTON MA, 01803. The company can be reached via phone at 857-362-7300 or via email at [email protected]

This page was last updated on 7/8/2020 by MarketBeat.com Staff

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