Compared to Estimates, Cerence (CRNC) Q2 Earnings: A Look at Key Metrics
- The headline numbers for Cerence (CRNC) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 05/09/2024
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Cerence (CRNC) Reports Q2 Loss, Tops Revenue Estimates
- Cerence (CRNC) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.04 per share a year ago.
- 05/09/2024
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Cerence Announces Second Quarter Fiscal Year 2024 Results
- Headlines Q2 revenue above the high end of the guidance range due to OEM-related adjustments; however, Company lowering its FY24 guidance and withdrawing its multi-year plan Included in Q2 results is a Goodwill impairment charge of approximately $252 million Company believes that initial success with new generative AI products, including six design wins, and early validation of its next-gen platform will provide a solid foundation to reinvigorate future growth BURLINGTON, Mass., May 09, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today reported its second quarter fiscal year 2024 results for the quarter ended March 31, 2024.
- 05/09/2024
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Stay Ahead of the Game With Cerence (CRNC) Q2 Earnings: Wall Street's Insights on Key Metrics
- Get a deeper insight into the potential performance of Cerence (CRNC) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
- 05/08/2024
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Shhh! 3 Secret AI Stocks Flying Below Wall Street's Radar
- While artificial intelligence represents one of the hottest ticket items out there, the reality is that many if not most AI stocks are overvalued. However, digital intelligence doesn't have to come at a premium price.
- 05/06/2024
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CERENCE INVESTIGATION CONTINUED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Cerence Inc. - CRNC
- NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF continues its investigation into Cerence Inc. (NasdaqGS: CRNC). On November 22, 2021, the Company disclosed revenue guidance for the first quarter and full fiscal year 2022 well below analysts' expectations. On February 7, 2022, the Company announced its results for 1Q2022 ended on December 31, 2021, disclosing that t.
- 05/03/2024
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Cerence to Announce Fiscal Second Quarter Results on May 9, 2024
- BURLINGTON, Mass., April 25, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its second quarter financial results for the quarter ended March 31, 2024 on Thursday, May 9, 2024 at 7:00 a.m.
- 04/25/2024
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CERENCE INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Cerence Inc. - CRNC
- NEW ORLEANS , April 19, 2024 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq.
- 04/19/2024
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3 Tech Stocks to Buy to Triple Your Investment by 2025
- Tech stocks have been on an absolute tear over the past two and a half decades, handily outperforming all other sectors. And with artificial intelligence now supercharging these companies, I believe the tech sector is poised to continue seeing accelerating growth over the next 20 years as well.
- 04/12/2024
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CERENCE INVESTIGATION CONTINUED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Cerence Inc. - CRNC
- NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF continues its investigation into Cerence Inc. (NasdaqGS: CRNC). On November 22, 2021, the Company disclosed revenue guidance for the first quarter and full fiscal year 2022 well below analysts' expectations. On February 7, 2022, the Company announced its results for 1Q2022 ended on December 31, 2021, disclosing that t.
- 04/05/2024
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Cerence (CRNC) Boosts In-Car Experience with CaLLM AI Platform
- Cerence (CRNC) transforms the automotive experience with CaLLM, powered by NVIDIA, offering seamless, intuitive interactions in the cars of the future.
- 03/25/2024
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Cerence Engages First Automaker Customers for CaLLM™, Its Pioneering Automotive Large Language Model
- BURLINGTON, Mass., March 21, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced early momentum for CaLLM™ (Cerence Automotive Large Language Model), its automotive-specific LLM that serves as the foundation for Cerence's next-generation in-car computing platform.
- 03/21/2024
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Cerence Announces Equity Grant to Employee Under Inducement Plan
- BURLINGTON, Mass., March 19, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (the “Company”), AI for a world in motion, today announced that, in connection with Daniel Tempesta's recent appointment as Chief Financial Officer effective March 18, 2024, the Company granted Mr. Tempesta an initial equity award with a target aggregate value of $3 million. Such award consists of 102,599 time-based restricted stock units and 102,599 performance-based restricted stock units, based on the average closing price of the Company's common stock over the trailing 20 trading days ending on the date of grant. The time-based restricted stock units will vest in three equal installments on each of October 1, 2024, October 1, 2025, and October 1, 2026, in each case subject to Mr. Tempesta's continued service with the Company through the applicable vesting date. The performance-based restricted stock units will be earned based on the Company's performance upon the completion of each of fiscal year 2024, 2025, and 2026, with one-third of the total performance-based restricted stock units eligible to be earned for each fiscal year, subject to Mr. Tempesta's continued service with the Company through such vesting date. In addition, the Company granted Mr. Tempesta a one-time sign-on equity award with a target aggregate value of $3 million, consisting of 205,198 restricted stock units based on the average closing price of the Company's common stock over the trailing 20 trading days ending on the date of grant, which vests in three equal installments on each of December 15, 2024, December 15, 2025, and December 15, 2026, subject to Mr. Tempesta's continued service with the Company through such vesting date. All of these awards were granted as an inducement material to Mr. Tempesta entering into employment with the Company pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules.
- 03/19/2024
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Cerence: Poised For Rebound With Strong Pipeline
- Cerence is a leading company in automotive AI assistants used by major car manufacturers globally. Share performance has been lackluster, currently down 22% YTD, but the stock appears undervalued, based on my price target model. CRNC has guided strong revenue growth in FY 2024, supported by several catalysts, such as NVIDIA and Microsoft partnerships and strong product adoptions.
- 03/04/2024
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Cerence Names Daniel Tempesta as Chief Financial Officer
- BURLINGTON, Mass., March 04, 2024 (GLOBE NEWSWIRE) -- Cerence Inc.
- 03/04/2024
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Cerence Announces Its Participation at Two Upcoming Investor Conferences
- BURLINGTON, Mass., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will be presenting at the Raymond James 45th Annual Investor Conference on Tuesday, March 5 in Orlando, FL and at the Morgan Stanley Technology, Media and Telecom Conference on March 7 in San Francisco, CA.
- 02/27/2024
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Cerence Inc. (CRNC) Q1 2024 Earnings Call Transcript
- Cerence Inc. (CRNC) Q1 2024 Earnings Call Transcript
- 02/06/2024
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Cerence (CRNC) Reports Q1 Earnings: What Key Metrics Have to Say
- Although the revenue and EPS for Cerence (CRNC) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 02/06/2024
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Cerence (CRNC) Q1 Earnings and Revenues Beat Estimates
- Cerence (CRNC) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.36 per share a year ago.
- 02/06/2024
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Insights Into Cerence (CRNC) Q1: Wall Street Projections for Key Metrics
- Evaluate the expected performance of Cerence (CRNC) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
- 02/05/2024
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Cerence to Announce Fiscal First Quarter Results on February 6, 2024
- BURLINGTON, Mass., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its first quarter financial results for the quarter ended December 31, 2023 on Tuesday, February 6, 2024 at 7:00 a.m.
- 01/23/2024
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Cerence (CRNC) Boosts Skoda's In-Car Experience With Chat Pro
- Cerence (CRNC) drives innovation with Skoda, integrating Cerence Chat Pro for an intelligent, hands-free, in-car assistant experience.
- 01/17/2024
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Cerence (CRNC) Rides on Strong Clientele & Solid Partner Base
- Cerence (CRNC) is benefiting from an expanding clientele driven by a strong portfolio and robust network of partners in the automotive industry.
- 01/12/2024
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3 Under-the-Radar Tech Stocks for Stunning Returns in 2024
- Sometimes the marquee names in the technology sector are not enough. The valuations of the ‘Majestic Seven' appear to some as being grossly inflated.
- 01/11/2024
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Cerence (CRNC) Strengthens Auto Tech With In-Car ChatGPT
- Cerence (CRNC) and Volkswagen join forces to redefine in-car AI, introducing Cerence Chat Pro for a smarter, more engaging driving experience.
- 01/10/2024
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Cerence (CRNC) Benefits From Expanding Clientele, Partner Base
- Cerence (CRNC) and Microsoft join forces, enhancing in-car experiences with Cerence Assistant and ChatGPT on Microsoft Azure.
- 01/04/2024
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New Year, New Gains: The 3 Best AI Stocks to Buy in 2024
- Undoubtedly, 2023 was the year of AI on Wall Street. We saw many AI-related companies absolutely skyrocket last year, with semiconductor firms leading the charge.
- 01/01/2024
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Cerence (CRNC) Launches CaLLM in Collaboration With NVIDIA
- Cerence (CRNC), in collaboration with NVIDIA, has developed CaLLM to build its next-generation in-car computing platform.
- 12/20/2023
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5 Stocks to Buy for Remarkable Earnings Acceleration
- Invest in stocks such as Freshpet (FRPT), American Public Education (APEI), Aspen Aerogels (ASPN), Cerence (CRNC) and Pinterest (PINS) for superb earnings acceleration.
- 12/06/2023
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Why Cerence (CRNC) Might be Well Poised for a Surge
- Cerence (CRNC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 12/05/2023
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3 Tech Stocks to Pick Up BEFORE the Year-End Rally
- The fabled end-of-year rally is upon us, so the question is – are you ready? Tech stocks in the Nasdaq index have been on a bit of a bender since the end of October.
- 11/30/2023
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Cerence's (CRNC) Q4 Earnings Lag Estimates, Revenues Beat
- Cerence's (CRNC) fiscal fourth-quarter performance benefits from strong revenue performance by Licence and Connected Services segments.
- 11/28/2023
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Cerence Inc. (CRNC) Q4 2023 Earnings Call Transcript
- Cerence Inc. (NASDAQ:CRNC ) Q4 2023 Earnings Conference Call November 27, 2023 8:30 AM ET Company Participants Rich Yerganian - SVP, |IR Stefan Ortmanns - Director & CEO Nils Schanz - Chief Product Officer Tom Beaudoin - CFO Conference Call Participants Luke Junk - Baird Colin Langan - Wells Fargo Quinn Bolton - Needham Mark Delaney - Goldman Sachs Jeff Van Rhee - Craig-Hallum Capital Group Chris McNally - Evercore ISI Jeffrey Osborne - TD Cowen Operator Good day, and welcome to the Cerence's Q4 2023 Earnings Call. At this time, all participants are in a listen-only mode.
- 11/27/2023
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Cerence (CRNC) Misses Q4 Earnings Estimates
- Cerence (CRNC) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.13 per share. This compares to loss of $0.14 per share a year ago.
- 11/27/2023
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Cerence to Announce Fiscal Fourth Quarter and Full Year Results on November 27, 2023
- BURLINGTON, Mass., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its fourth quarter financial results for the quarter ended September 30, 2023 on Monday, November 27, 2023 at 7:00 a.m.
- 11/13/2023
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Top 5 Tech Stocks You'll Regret Missing This Quarter - Cerence (NASDAQ:CRNC), CalAmp (NASDAQ:CAMP)
- The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
- 10/10/2023
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Cerence: Upside Potential Outweighs Risks And Uncertainties
- Cerence offers AI-powered virtual assistants for the mobility and transportation market, with a strong portfolio of automotive customers. The company has demonstrated solid revenue growth, with a strong gross margin and commitment to innovation. The stock is currently undervalued and has outperformed the broader market year-to-date.
- 09/04/2023
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The 3 Most Promising AI Stocks to Own Now
- While artificial intelligence may be all the rage, investors seeking the top AI stock picks must be more careful now. Of course, you should always apply caution to a promising but wild sector.
- 08/31/2023
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Cerence Inc. (CRNC) Q3 2023 Earnings Call Transcript
- Cerence Inc. (NASDAQ:CRNC ) Q3 2023 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants Rich Yerganian - Senior Vice President of Investor Relations Stefan Ortmanns - Chief Executive Officer and Director Tom Beaudoin - Chief Financial Officer Iqbal Arshad - Chief Technology Officer Conference Call Participants Colin Langan - Wells Fargo Luke Junk - Baird Nick Doyle - Needham Operator Good day, and thank you for standing by. Welcome to the Cerence Quarter Three 2023 Earnings Call.
- 08/08/2023
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Compared to Estimates, Cerence (CRNC) Q3 Earnings: A Look at Key Metrics
- Although the revenue and EPS for Cerence (CRNC) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 08/08/2023
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Cerence to Announce Fiscal Third Quarter Results on August 8, 2023
- BURLINGTON, Mass., July 26, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its third quarter financial results for the quarter ended June 30, 2023 on Tuesday, August 8, 2023 at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time.
- 07/26/2023
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Why Investors Need to Take Advantage of These 2 Computer and Technology Stocks Now
- The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
- 07/17/2023
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Best Momentum Stocks to Buy for July 14th
- ING, WT and CRNC made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 14, 2023.
- 07/14/2023
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Are Computer and Technology Stocks Lagging Cerence (CRNC) This Year?
- Here is how Cerence (CRNC) and CrowdStrike Holdings (CRWD) have performed compared to their sector so far this year.
- 07/13/2023
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3 Artificial Intelligence Stocks That AI Predicts Will Deliver Triple-Digit Returns in 2023
- The most exciting rally in the tech sector since 2021 has undeniably been in artificial intelligence (AI). Companies that produce or use AI for their operations have seen substantial appreciation in market capitalization.
- 07/02/2023
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Cerence: Revolutionizing The Road With AI Assistants
- Cerence has both positive and negative aspects, with signs of a turning quarter and future growth potential. The stock is not attractively priced, and there is a high level of optimism regarding fiscal 2024 profitability. While revenue growth rates are expected to improve, concerns remain about profitability and the decision to raise capital through convertible debt.
- 06/22/2023
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Is Cerence (CRNC) Stock Outpacing Its Computer and Technology Peers This Year?
- Here is how Cerence (CRNC) and Evolv Technologies Holdings, Inc. (EVLV) have performed compared to their sector so far this year.
- 06/22/2023
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AI Everywhere: 7 AI Stocks to Buy as Adoption Skyrockets
- AI adoption has skyrocketed in 2023. Generative AI applications like ChatGPT gained serious attention in early 2023, sparking a trend.
- 06/22/2023
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Cerence (CRNC) Soars 8.7%: Is Further Upside Left in the Stock?
- Cerence (CRNC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
- 06/19/2023
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Wall Street Analysts Think Cerence (CRNC) Could Surge 26.87%: Read This Before Placing a Bet
- The mean of analysts' price targets for Cerence (CRNC) points to a 26.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
- 05/25/2023
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Cerence to Present at Several Upcoming Investor Conferences
- BURLINGTON, Mass., May 22, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will be presenting at several upcoming investor conferences over the next few weeks.
- 05/22/2023
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3 AI Stocks That Are Trading at a Massive Discount Right Now
- It almost goes without saying that investors looking for the best AI stocks to buy now should purchase shares of Microsoft (NASDAQ: MSFT ) and Nvidia (NASDAQ: NVDA ). These technological giants are going to play a huge role in the future of artificial intelligence.
- 05/12/2023
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Cerence to Announce Fiscal Second Quarter Results on May 9, 2023
- BURLINGTON, Mass., April 27, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its second quarter financial results for the quarter ended March 31, 2023 on Tuesday, May 9, 2023 at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time.
- 04/27/2023
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Cerence (CRNC) Launches Voice Biometrics in Assistant Solution
- Cerence (CRNC) introduces next-generation, artificial intelligence-powered voice biometrics into its Assistant solution, ensuring enhanced security and personalization among drivers and passengers.
- 03/20/2023
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Cerence to Present at the Morgan Stanley Technology, Media & Telecom Conference
- BURLINGTON, Mass., March 01, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on Monday, March 6, 2023 at 12:10 p.m. Eastern Time. The format for the conference will be a fireside chat featuring Cerence CEO, Stefan Ortmanns.
- 03/01/2023
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Cerence Inc. (CRNC) Q1 2023 Earnings Call Transcript
- Cerence Inc. (NASDAQ:CRNC ) Q1 2023 Earnings Conference Call February 8, 2023 8:30 AM ET Company Participants Rich Yerganian – Senior Vice President-Investor Relations Stefan Ortmanns – Chief Executive Officer Tom Beaudoin – Chief Financial Officer Conference Call Participants Luke Junk – Baird Colin Langan – Wells Fargo Rajvindra Gill – Needham Jeff Van Rhee – Craig-Hallum Gavin Kennedy – Jefferies Chris McNally – Evercore Mark Delaney – Goldman Sachs Operator Good day and thank you for standing by. Welcome to the Cerence Q1 2023 Earnings Call.
- 02/08/2023
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Cerence (CRNC) Q1 Earnings and Revenues Surpass Estimates
- Cerence (CRNC) delivered earnings and revenue surprises of 300% and 8.70%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 02/08/2023
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Cerence: Connectivity Meets Automotive
- There are significant benefits to adopting connectivity and voice assistant in automotives that benefits consumers and OEMs. CRNC's strong relationship with OEMs is a strong barrier to entry.
- 01/29/2023
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Cerence to Announce Fiscal First Quarter Results on February 8, 2023
- BURLINGTON, Mass., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its first quarter financial results for the quarter ended December 31, 2022 on Wednesday, February 8, 2023 at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time.
- 01/26/2023
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Cerence to Present at the 25th Annual Needham Growth Conference
- BURLINGTON, Mass., Jan. 03, 2023 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the 25th Annual Needham Growth Conference in New York City on Tuesday, January 10, 2023 at 9:30 a.m. Eastern Time. The format for the conference will be a presentation followed by Q&A featuring Cerence CEO, Stefan Ortmanns, and Tom Beaudoin, Cerence EVP, CFO.
- 01/03/2023
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Cerence: Fade The Ambitious New Mid-Term Targets
- Cerence latest FY23 guidance update falls short of expectations. The mid-term growth outlook is compelling, but rests on unproven new markets.
- 12/24/2022
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Meet The 5 Unlucky Investors Who Loaded Up On Year's Worst Stocks
- Few investors can hit all the year's best S&P 500 stocks. But some were unlucky enough to own big stakes of the worst.
- 12/19/2022
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Cerence to Present at the Raymond James Technology Investors Conference
- BURLINGTON, Mass., Dec. 01, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Raymond James Technology Investors Conference in New York City on Tuesday, December 6, 2022 at 1:40 p.m. Eastern Time. The format for the conference will be a presentation followed by Q&A featuring Tom Beaudoin, Cerence EVP, CFO.
- 12/01/2022
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Cerence (CRNC) Reports Q4 Loss, Tops Revenue Estimates
- Cerence (CRNC) delivered earnings and revenue surprises of 41.67% and 5.62%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 11/29/2022
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Cerence to Announce Fourth Quarter and Fiscal Year 2022 Results and Host an Investor Day on November 29
- BURLINGTON, Mass., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its fourth quarter and fiscal year financial results for the quarter ended September 30, 2022 on Tuesday, November 29, 2022 at 8:00 a.m. Eastern Time / 5:00 a.m. Pacific Time.
- 11/16/2022
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Cerence (CRNC) to Offer Mobility Platform to China's CFMOTO
- Per the latest deal with the Chinese motorcycle and all-terrain vehicles company, CFMOTO, Cerence (CRNC) is going to provide Cerence Ride conversational AI platform to enhance rider safety and experience.
- 09/16/2022
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Cerence to Present at the Goldman Sachs Communacopia + Technology Conference
- BURLINGTON, Mass., Sept. 08, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Goldman Sachs Communacopia + Technology Conference on Wednesday, September 14, 2022 at 7:30 p.m. Eastern Time. The format for the conference will be a fireside chat featuring Tom Beaudoin, Cerence EVP, CFO.
- 09/08/2022
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Cerence to Present at the 2nd Annual Evercore ISI Technology Conference
- BURLINGTON, Mass., Sept. 02, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the 2nd Annual Evercore ISI Technology Conference on Wednesday, September 7, 2022, at 8:00 a.m. Eastern Time. The format for the conference will be a fireside chat featuring Tom Beaudoin, Cerence EVP, CFO.
- 09/02/2022
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Why Cerence Stock Is Falling Hard Today
- Lackluster third-quarter financial results and weak guidance sent the stock downward.
- 08/09/2022
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Cerence Inc's (CRNC) CEO Stefan Ortmanns on Q3 2022 Results - Earnings Call Transcript
- Cerence Inc. (NASDAQ:CRNC ) Q3 2022 Earnings Conference Call August 9, 2022 8:30 AM ET Company Participants Rich Yerganian – Senior Vice President-Investor Relations Stefan Ortmanns – Chief Executive Officer Tom Beaudoin – Chief Financial Officer Conference Call Participants Luke Junk – Baird Joseph Spak – RBC Capital Markets Mark Delaney – Goldman Sachs Colin Langan – Wells Fargo Nicholas Doyle – Needham & Company Gavin Kennedy – Jefferies Jeff Van Rhee – Craig-Hallum Operator Good day and thank you for standing by. Welcome to the Cerence Q3 2022 Earnings Conference Call.
- 08/09/2022
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Cerence (CRNC) Q3 Earnings Beat Estimates
- Cerence (CRNC) delivered earnings and revenue surprises of 2.38% and 2.51%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 08/09/2022
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7 Small-Cap Growth Stocks Trading at a Huge Discount Right Now
- When equities are under pressure, it is particularly important for investors to find stocks that are trading at a discount to their intrinsic value. This can be particularly difficult if you're interested in finding small-cap growth stocks trading at a discount.
- 08/01/2022
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Cerence Inc. (CRNC) CEO Stefan Ortmanns on Q2 2022 Results - Earnings Call Transcript
- Cerence Inc. (NASDAQ:CRNC ) Q2 2022 Results Conference Call May 10, 2022 8:30 AM ET Company Participants Rich Yerganian - SVP, IR Stefan Ortmanns - CEO Tom Beaudoin - CFO Conference Call Participants David Kelley - Jefferies Jeffrey Van Rhee - Craig Hallum Luke Junk - Baird Mark Delaney - Goldman Sachs Raji Gill - Needham Operator Good day, and thank you for standing by. Welcome to the Cerence Q2 2022 Earnings Conference Call.
- 05/10/2022
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Cerence (CRNC) Matches Q2 Earnings Estimates
- Cerence (CRNC) delivered earnings and revenue surprises of 0% and 2.47%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 05/10/2022
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Cerence Reports Mixed Q2 Results; Margins Shrink Due To Automotive Headwinds
- Cerence Inc (NASDAQ: CRNC) reported a second-quarter FY22 revenue decline of 12.5% year-on-year to $86.3 million, above the consensus of $84.6 million. Non-GAAP EPS of $0.33 missed the consensus of $0.34.
- 05/10/2022
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Why the Earnings Surprise Streak Could Continue for Cerence (CRNC)
- Cerence (CRNC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 05/04/2022
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Cerence to Announce Fiscal Second Quarter Results on May 10, 2022
- BURLINGTON, Mass., May 03, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its second quarter financial results for the quarter ended March 31, 2022 on Tuesday, May 10, 2022 at 7:00 a.m. EST / 4:00 a.m. PST.
- 05/03/2022
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Three Bearish Tech Stocks To Dump Overnight
- This article will highlight three tech stocks you should dump because they exemplify the worst stocks in a bear market.
- 04/23/2022
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Cerence Stock is Repricing Itself
- Artificial intelligence (AI) mobility and virtual assistants solutions provider Cerence (NASDAQ: CRNC) stock has been decimated since the IPO highs.
- 02/21/2022
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Cerence (CRNC) Stock: Why The Price Substantially Fell Today
- The stock price of Cerence Inc (NASDAQ: CRNC) fell by 31.41% today. This is why it happened.
- 02/07/2022
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Cerence Inc. (CRNC) CEO Stefan Ortmanns on Q1 2022 Results - Earnings Call Transcript
- Cerence Inc. (CRNC) CEO Stefan Ortmanns on Q1 2022 Results - Earnings Call Transcript
- 02/07/2022
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Why Cerence Stock Is Crashing Today
- The provider of AI tech for autos is having its worst day in a long time.
- 02/07/2022
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Cerence (CRNC) Surpasses Q1 Earnings and Revenue Estimates
- Cerence (CRNC) delivered earnings and revenue surprises of 15.69% and 0.25%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 02/07/2022
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Why Cerence Shares Are Plunging After Q1 Earnings?
- Cerence Inc CRNC reported first-quarter FY22 revenue growth of 0.8% year-on-year to $94.43 million, marginally above the consensus of $94.38 million. Non-GAAP EPS of $0.59 beat the consensus of $0.51.
- 02/07/2022
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Cerence to Present at the Baird 2022 Vehicle Technology & Mobility Conference
- BURLINGTON, Mass., Jan. 19, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Baird 2022 Vehicle Technology & Mobility Conference on Tuesday, January 25, 2022 at 9:05 a.m. Eastern Time. The format for the presentation will be a fireside chat featuring Stefan Ortmanns, Cerence CEO, and Mark Gallenberger, Cerence CFO.
- 01/19/2022
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Some "CEO of the Year" Nominees for 2021
- Who's on your list?
- 12/27/2021
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Cerence Stock Gains On Signing $149M Contract With European Automaker
- Cerence Inc (NASDAQ: CRNC) forged a contract worth $149 million with a sizeable European automaker for its connected, conversational AI automotive assistant products. "This milestone deal marks another important moment for Cerence as we accelerate growth and sustain momentum with automotive customers," said CEO Stefan Ortmanns.
- 12/23/2021
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Cerence's Artificial Intelligence Assistants Could Make The Share Price Spike Up
- Cerence creates experiences for the automotive world. The company's AI-powered assistants are included in some of the largest automobile original equipment manufacturers.
- 12/16/2021
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Why Are Cerence Shares Trading Higher Today?
- Wells Fargo analyst Colin Langan upgraded Cerence Inc (NASDAQ:CRNC) from Equal-Weight to Overweight and an $85 price target, down from $91, implying a 15% upside. Langan noted Cerence is down about 50% from its high and 34% since reporting FY21 results and guiding below consensus for FY22.
- 12/16/2021
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Is a Monster Merger Brewing?
- The Monster Beverage-Constellation news and other market happenings.
- 12/01/2021
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4 Stocks I'm Watching This Week as Potential Buys
- Is the volatility in the market providing long-term investors with great buying opportunities?
- 11/25/2021
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Is This an Overreaction to Cerence's Earnings?
- The semiconductor shortage is impacting Cerence's future outlook.
- 11/24/2021
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Cerence Gains First Customers for Voice Assistant in Elevators, Motorcycles
- Cerence, a provider of conversational artificial intelligence (AI) products and technology, announced Monday (Nov. 22) that it has gained its first customers in two new markets: elevators and two-wheeled vehicles. It also announced that in the automotive market, its sales continue to grow faster than new-vehicle production because a growing percentage of vehicles are equipped […]
- 11/23/2021
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Cerence (CRNC) Q4 Earnings Beat Estimates, Revenues Up Y/Y
- Cerence's (CRNC) fiscal fourth-quarter performance benefits from strength in the Licence and Professional Services segments.
- 11/23/2021
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Cerence Inc. (CRNC) CEO Sanjay Dhawan on Q4 2021 Results - Earnings Call Transcript
- Cerence Inc. (CRNC) CEO Sanjay Dhawan on Q4 2021 Results - Earnings Call Transcript
- 11/22/2021
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Cerence (CRNC) Q4 Earnings Surpass Estimates
- Cerence (CRNC) delivered earnings and revenue surprises of 20% and 0.61%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 11/22/2021
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Cerence Shares Plunge As It Issues Q1, FY22 Outlook Below Consensus
- Cerence Inc (NASDAQ: CRNC) reported fourth-quarter FY21 revenue growth of 7.5% year-on-year to $98.1 million. Non-GAAP EPS of $0.66 beat the consensus of $0.56.
- 11/22/2021
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3 Stocks for This Next Market Opportunity (and It's Not the Metaverse)
- Nvidia's earnings call shared great insight into upcoming technologies.
- 11/20/2021
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Cerence (CRNC) to Report Q4 Earnings: What's in the Cards?
- Cerence's (CRNC) fiscal Q4 performance is likely to reflect benefits from using AI to design applications for advanced driver-assisted systems in self-driving vehicles.
- 11/19/2021
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Cerence to Announce Fourth Quarter and Full Fiscal Year Results on November 22, 2021
- BURLINGTON, Mass., Nov. 12, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its fourth quarter and full fiscal year 2021 financial results for the year ended September 30, 2021 on Monday, November 22, 2021 at 7:00 a.m. EST / 4:00 a.m. PST.
- 11/12/2021
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Earnings Preview: Cerence (CRNC) Q4 Earnings Expected to Decline
- Cerence (CRNC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 11/08/2021
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Cerence to Present at the Gabelli 45th Annual Automotive Symposium
- BURLINGTON, Mass., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Gabelli 45th Annual Automotive Symposium on Tuesday, November 2, 2021, at 5:00 p.m. Eastern Time. The format for the presentation will be a fireside chat featuring Sanjay Dhawan, Cerence CEO, and Mark Gallenberger, Cerence CFO.
- 10/28/2021
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Why This Analyst Sees 28% Upside In Cerence?
- RBC Capital analyst Joseph Spak upgraded Cerence Inc (NASDAQ:CRNC) to Outperform from Sector Perform with a price target of $110, down from $112, implying a 28.24% upside. The selloff in the stock related to auto concerns and SaaS/software decline looks "overdone," Spak notes.
- 10/06/2021
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Cerence: Buy The Drop On This Fast Grower
- Cerence: Buy The Drop On This Fast Grower
- 10/04/2021
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Cerence Wins Prestigious 2021 Automotive News PACE Award for Cerence Pay, its In-Car Payment Product
- Transforming on-the-go commerce for drivers, Cerence Pay is recognized for superior innovation, technological advancement. and business performance Transforming on-the-go commerce for drivers, Cerence Pay is recognized for superior innovation, technological advancement. and business performance
- 10/04/2021
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Cerence Inc. Files Application to Cease to Be a Reporting Issuer in Canada
- BURLINGTON, Mass., Sept. 17, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) today announced that it has applied to the Autorité des marchés financiers (“AMF”) for an order (the “Requested Order”) to cease to be a reporting issuer under the securities law of Québec, the only jurisdiction in Canada in which it is currently a reporting issuer.
- 09/17/2021
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Cerence to Present at the Evercore ISI Autotech & AI Forum
- BURLINGTON, Mass., Sept. 15, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Evercore ISI Autotech & AI Forum on Tuesday, September 21, 2021, at 2:00 p.m. Eastern Time. The format for the conference will be a fireside chat featuring Mark Gallenberger, Cerence CFO, and Rich Yerganian, Vice President of Investor Relations.
- 09/15/2021
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Cerence to Present at the Jefferies Virtual Software Conference
- BURLINGTON, Mass., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Jefferies Virtual Software Conference on Tuesday, September 14, 2021 at 11:00 a.m. Eastern Time. The format for the conference will be a fireside chat featuring Sanjay Dhawan, Cerence CEO, and Mark Gallenberger, Cerence CFO.
- 09/07/2021
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4 Stocks I'm Watching This Week as Potential Buys
- The streaming and software market might be giving investors buying opportunities.
- 09/07/2021
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Cerence to Present at the Cowen 14th Annual Global Transportation & Sustainable Mobility Conference and the 2021 RBC Capital Markets Global Industrials Virtual Conference
- BURLINGTON, Mass., Sept. 03, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Cowen 14th Annual Global Transportation & Sustainable Mobility Conference on Thursday, September 9, 2021 at 10:40 a.m. Eastern Time and the 2021 RBC Capital Markets Global Industrials Virtual Conference on Friday, September 10, 2021 at 8:40 a.m. Eastern Time. The format for both conferences will be a fireside chat featuring Sanjay Dhawan, Cerence CEO, and Mark Gallenberger, Cerence CFO.
- 09/03/2021
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7 Leading Software and Cloud Stocks to Buy
- These seven software and cloud stocks are buys as they offer the potential for robust growth returns and have favorable risk/return profiles. The post 7 Leading Software and Cloud Stocks to Buy appeared first on InvestorPlace.
- 08/19/2021
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Cerence Beats On Q3 Earnings, Notes Margin Expansion, 13% Billings Per Car Growth
- Cerence Inc (NASDAQ: CRNC) reported third-quarter FY21 revenue growth of 28.7% year-on-year to $96.8 million, beating the analyst consensus of $96.3 million. Segments: Revenue from License grew 54% Y/Y to $49.98 million, Connected services increased 19.3% Y/Y to $30.3 million, and Professional services declined 4.7% Y/Y to $16.5 million.
- 08/09/2021
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Cerence Inc. (CRNC) CEO Sanjay Dhawan on Q3 2021 Results - Earnings Call Transcript
- Cerence Inc. (CRNC) CEO Sanjay Dhawan on Q3 2021 Results - Earnings Call Transcript
- 08/09/2021
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Cerence (CRNC) Q3 Earnings and Revenues Top Estimates
- Cerence (CRNC) delivered earnings and revenue surprises of 16.98% and 0.50%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 08/09/2021
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Recap: Cerence Q3 Earnings
- Shares of Cerence (NASDAQ:CRNC) remained unaffected after the company reported Q3 results. Quarterly Results Earnings per share were up 100.00% over the past year to $0.62, which beat the estimate of $0.54.
- 08/09/2021
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Cerence (CRNC) Set to Report Q3 Earnings: What to Expect?
- Cerence's (CRNC) fiscal Q3 results are likely to reflect benefits from increased usage of artificial intelligence to design robust applications for advanced driver-assisted systems in self-driving vehicles.
- 08/02/2021
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Cerence: Don't Miss Out On This Car Play
- Cerence: Don't Miss Out On This Car Play
- 07/21/2021
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Cerence to Voice-Enable In-Vehicle App Store Platform from HARMAN
- Cerence provides conversational AI-powered access to connected apps, services and content in HARMAN Ignite Store, creating an intuitive, natural experience for drivers Cerence provides conversational AI-powered access to connected apps, services and content in HARMAN Ignite Store, creating an intuitive, natural experience for drivers
- 07/20/2021
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6 Mid-Cap Tech Stocks to Buy on Dwindling Inflation Fears
- We have narrowed down our search to six mid-cap technology stocks that have provided higher returns than the S&P 500 Index in the past six months. These are: APPS, BRKS, TDC, CRNC, JBL and SGMS.
- 07/08/2021
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Cerence and Visteon Transform Two-Wheeler Experience with Integrated Voice-Enabled Cockpit Electronics Solution
- Visteon will integrate Cerence conversational AI into recent SmartCore™ two-wheeler product award to deliver intuitive mobility experiences Visteon will integrate Cerence conversational AI into recent SmartCore™ two-wheeler product award to deliver intuitive mobility experiences
- 07/08/2021
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Raymond James Downgrades Cerence To Market Perform From Outperform As It Falls Short Of Analyst Price Target
- Raymond James analyst Brian Gesuale downgraded Cerence Inc (NASDAQ: CRNC) to Market Perform from Outperform after the share price dropped from the firm's initial $115 price target. The current share price was 8.1% above the price target.
- 07/07/2021
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Why Cerence Is Soaring Far Ahead of the Market Today
- Short-sellers were caught off guard by good news for the automotive software maker.
- 07/02/2021
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Why Is Cerence (CRNC) Stock Surging?
- Cerence Inc (NASDAQ: CRNC) will replace Adtalem Global Education Inc (NYSE: ATGE) in the S&P MidCap 400 effective July 7 before the market open. Adtalem Global Education will replace Boston Private Financial Holdings Inc (NASDAQ: BPFH) in the S&P SmallCap 600.
- 07/02/2021
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Cerence to be Added to the S&P MidCap 400 Effective July 7, 2021
- BURLINGTON, Mass., July 02, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced the company will be added to the S&P MidCap 400, effective prior to the opening of trading on Wednesday, July 7, 2021.
- 07/02/2021
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Cerence CEO: How semiconductor shortage impacts business
- Cerence CEO Sanjay Dhawan delivered his outlook on the semiconductor shortage that has hampered car manufacturing. Cerence makes automotive assistants intended to improve the car-driving experience.
- 06/21/2021
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Can Cerence (CRNC) Run Higher on Rising Earnings Estimates?
- Cerence (CRNC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 06/07/2021
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Can the Rally in Cerence (CRNC) Shares Continue?
- As of late, it has definitely been a great time to be an investor of Cerence (CRNC)
- 06/04/2021
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Cerence to Present at the 5th Annual Needham Virtual Automotive Tech Conference
- BURLINGTON, Mass., June 01, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the 5th Annual Needham Virtual Automotive Tech Conference on Tuesday, June 8, 2021 at 9:30 a.m. Eastern Time. The fireside chat format will feature Sanjay Dhawan, Cerence CEO, and Mark Gallenberger, Cerence CFO.
- 06/01/2021
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These 5 Stocks Surged in the Past Week: Should You Buy?
- It probably isn't a good idea to jump into stocks just because others are doing it. Do a rationality check instead.
- 06/01/2021
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3 IT Services Stocks From a Challenging Industry to Buy
- 3 IT Services Stocks From a Challenging Industry to Buy
- 05/26/2021
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Cerence Inc. (CRNC) CEO Sanjay Dhawan on Q2 2021 Results - Earnings Call Transcript
- Cerence Inc. (CRNC) CEO Sanjay Dhawan on Q2 2021 Results - Earnings Call Transcript
- 05/10/2021
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Cerence: Q2 Earnings Insights
- Shares of Cerence (NASDAQ:CRNC) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share rose 60.47% year over year to $0.69, which beat the estimate of $0.52.
- 05/10/2021
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Cerence Announces Record Second Quarter 2021 Results
- Cerence Second Quarter Highlights
- 05/10/2021
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Cerence to Present at the 2021 Wells Fargo Securities Virtual Industrials Conference
- BURLINGTON, Mass., May 03, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the 2021 Wells Fargo Securities Virtual Industrials Conference on Thursday, May 6, 2021 at 11:20 a.m. Eastern Time. The fireside chat format will feature Sanjay Dhawan, Cerence CEO, and Mark Gallenberger, Cerence CFO.
- 05/03/2021
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Cerence to Announce Fiscal Second Quarter Results on May 10, 2021
- BURLINGTON, Mass., May 03, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its second quarter, fiscal year 2021 financial results for the quarter ended March 31, 2021 on Monday, May 10, 2021 at 7:00 a.m. EST / 4:00 a.m. PST.
- 05/03/2021
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Cerence: Prepare For Takeoff
- Cerence is an industry leader in the field of smart technology for automobiles. It's seen rapid adoption of its technologies and has promising areas for growth.
- 04/18/2021
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4 Must-Buy AI Stocks on Coronavirus Crisis Triggered Automation
- Here we discuss four tech companies -- MSFT, GOOGL, NVDA, and CRNC -- which are well-poised to make the most of AI boom amid coronavirus crisis triggered automation trend.
- 04/07/2021
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Cerence to Join NVIDIA, Fellow Industry Leaders to Discuss Edge AI Computing in Automotive at NVIDIA GTC 2021
- Cerence execs to present at global voice and automotive industry events through April and May Cerence execs to present at global voice and automotive industry events through April and May
- 04/07/2021
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Cerence's Industry-Leading Automotive Conversational AI Platform Now Available on Android Automotive OS, Advancing Coexistence Between Mobility and General-Purpose Assistants
- New Cerence offering enables automakers to preserve their unique, branded experiences and data ownership through OS-agnostic approach to conversational assistant development New Cerence offering enables automakers to preserve their unique, branded experiences and data ownership through OS-agnostic approach to conversational assistant development
- 03/30/2021
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Artificial Intelligence to Reign Post-Pandemic World: 5 Picks
- Growing infrastructure and accessibility of AI allows transformation across various industries and calls for investing in Dynatrace (DT), NVIDIA (NVDA), Apple (AAPL), Cerence (CRNC) and Microsoft (MSFT)
- 03/25/2021
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Cerence to Present at the Cowen Mobility Disruption Conference
- BURLINGTON, Mass., March 08, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Cowen Mobility Disruption Conference on Thursday, March 11, 2021 at 11:50 a.m. Eastern Time. The fireside chat format will feature Sanjay Dhawan, Cerence CEO, and Mark Gallenberger, Cerence CFO.
- 03/08/2021
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Cerence and CerebrumX to Develop New Data-Enabled Use Cases, Insights and Services for the Automotive Ecosystem
- Partnership unlocks new insights for OEMs to better serve drivers, introduce new business models and create new revenue streams Partnership unlocks new insights for OEMs to better serve drivers, introduce new business models and create new revenue streams
- 03/04/2021
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Cerence (CRNC) Is Up 12.3% in One Week: What You Should Know
- Does Cerence (CRNC) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 02/12/2021
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Cerence Tour Guide Transforms Road Trips, Short Jaunts, and Everything in Between by Bringing Guided Tours Directly Into the Car
- Cerence partners with Viator and Road.Travel to bring professional travel content to the automotive assistant Cerence partners with Viator and Road.Travel to bring professional travel content to the automotive assistant
- 02/10/2021
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Cerence Inc. (CRNC) CEO Sanjay Dhawan on Q1 2021 Results - Earnings Call Transcript
- Cerence Inc. (CRNC) CEO Sanjay Dhawan on Q1 2021 Results - Earnings Call Transcript
- 02/08/2021
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Cerence (CRNC) Q1 Earnings and Revenues Surpass Estimates
- Cerence (CRNC) delivered earnings and revenue surprises of 15.69% and 8.69%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 02/08/2021
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Cerence: Q1 Earnings Insights
- Shares of Cerence (NASDAQ:CRNC) moved higher by 1.9% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 103.45% over the past year to $0.59, which beat the estimate of $0.51.
- 02/08/2021
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Cerence Announces Record First Quarter 2021 Results
- Cerence First Quarter Highlights Cerence First Quarter Highlights
- 02/08/2021
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Should You Buy Cerence (CRNC) Ahead of Earnings?
- Cerence (CRNC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 02/05/2021
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Cerence to Present at the Goldman Sachs Technology and Internet 2021 Conference
- BURLINGTON, Mass., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Goldman Sachs Technology and Internet 2021 Conference on Wednesday, February 10, 2021 at 9:40 a.m. Eastern Time. The fireside chat format will feature Sanjay Dhawan, Cerence CEO, and Mark Gallenberger, Cerence CFO.
- 02/04/2021
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Cerence to Announce Fiscal First Quarter Results on February 8, 2021
- BURLINGTON, Mass., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its first quarter, fiscal year 2021 financial results for the quarter ended December 31, 2020 on Monday, February 8, 2021 at 7:00 a.m. EST / 4:00 a.m. PST.
- 02/01/2021
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Toyota Motor Corporation Signs on as First User of Cerence's New Cloud Service Center in Japan
- Localized hosting facility to deliver faster AI-powered experiences for Japanese drivers Localized hosting facility to deliver faster AI-powered experiences for Japanese drivers
- 01/21/2021
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Cerence Introduces Cerence Mobility Platforms; Delivers Voice and AI Experiences to New Areas of Mobility
- Strategic expansion into building mobility and accelerating two-wheeler market builds on decades of automotive expertise and success Strategic expansion into building mobility and accelerating two-wheeler market builds on decades of automotive expertise and success
- 01/19/2021
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Cerence Advances Connected Mobility; Unveils New Products and Services that Bring Cloud- and AI-First Experiences to Global Transportation and Mobility
- Set to launch at today's Cerence In Motion event, new offerings bridge digital and mobile lives for drivers and passengers
- 01/19/2021
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Why Cerence Stock Gained Over 10% Last Month
- New customers and a bullish take from Wall Street helped propel the share price upward in December.
- 01/07/2021
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Cerence Receives Funding from Germany's Federal Ministry for Economic Affairs and Energy to Drive Innovation in Automotive Assistants for Autonomous Cars
- Cerence joins five fellow industry leaders in three-year program to enhance trust in autonomous vehicles Cerence joins five fellow industry leaders in three-year program to enhance trust in autonomous vehicles
- 12/21/2020
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Cerence Powers Voice and AI-Driven Features in Next-Generation Mercedes-Benz User Experience (MBUX)
- Automaker's innovative infotainment system delivers one of the most intelligent voice assistants on the road, including a new level of personalization Automaker's innovative infotainment system delivers one of the most intelligent voice assistants on the road, including a new level of personalization
- 12/15/2020
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Top Stocks To Short Today As Markets Set To Sluggishly End November
- As COVID surges to unprecedented levels with additional shutdown measures taking place, markets declined to close what has been a largely strong November. Using our deep learning algorithms, our AI has crunched the data to give you a set of Top Shorts
- 11/30/2020
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Cerence: Cheaply Valued Car Infotainment License Business
- This investment is very much worthwhile considering. The market is wrong on this investment, as Cerence is growing faster than investors predicted.
- 11/27/2020
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Cerence Executives to Present on New Automotive Business Models at Upcoming Industry Events
- BURLINGTON, Mass., Nov. 23, 2020 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that executives from the Company will participate in upcoming industry events and conferences with a focus on shifting business models in the mobility landscape as we approach 2021. Upcoming events include:
- 11/23/2020
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Top Stocks To Short Today As Vaccine And Boeing News Sends Markets Higher
- More positive vaccine-related news fueled yet another market rally and rotation today. Although new shutdowns are rising across the country due to the record surge in COVID cases, sentiment is still good for now.
- 11/18/2020
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Cerence Inc. (CRNC) CEO Sanjay Dhawan on Q4 2020 Results - Earnings Call Transcript
- Cerence Inc. (CRNC) CEO Sanjay Dhawan on Q4 2020 Results - Earnings Call Transcript
- 11/16/2020
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Why Cerence Stock Is Soaring Today
- The automotive artificial intelligence specialist reported strong quarterly results.
- 11/16/2020
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Cerence: Q4 Earnings Insights
- Shares of Cerence (NASDAQ:CRNC) rose 0.6% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 18.67% over the past year to $0.61, which beat the estimate of $0.34.
- 11/16/2020
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Cerence Announces Record Fourth Quarter and Fiscal Year 2020 Results
- Fourth Quarter and Fiscal Year Highlights
- 11/16/2020
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Cerence to Announce Fourth Quarter and Full Fiscal Year Results on November 16, 2020
- BURLINGTON, Mass., Nov. 09, 2020 (GLOBE NEWSWIRE) -- Cere n ce Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its fourth quarter and full fiscal year 2020 financial results for the year ended September 30, 2020 on Monday, November 16, 2020 at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time.
- 11/09/2020
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Cerence Drives STEM Learning and Mobility Innovation with the SAE Foundation
- Commitment and donation to education, experiential learning and career development to advance a STEM-empowered workforce Commitment and donation to education, experiential learning and career development to advance a STEM-empowered workforce
- 11/04/2020
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Cerence to Present at Gabelli 44th Annual Automotive Aftermarket Symposium
- BURLINGTON, Mass., Oct. 28, 2020 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Gabelli 44th Annual Automotive Aftermarket Symposium on Monday, November 2, 2020 at 10:30 a.m. Eastern Time. The fireside chat format will feature Sanjay Dhawan, Cerence CEO.
- 10/28/2020
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Major U.S. Retail Chain Selects 3CLogic to Modernize Customer Service
- A major U.S. retail chain selected 3CLogic's Cloud Call Center solution for ServiceNow ITSM and CSM to modernize its customer service initiatives.
- 10/20/2020
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Police review 'race hate' probe to ensure it is 'proportionate'
- An investigation into journalist Darren Grimes and David Starkey is being reviewed to ensure it is 'proportionate,' Mr Grimes said today. Police opened a probe after Mr Grimes shared an interview.
- 10/14/2020
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Verint Named to 2020 CRM Industry Leader Awards
- Verint Named to 2020 CRM Industry Leader Awards
- 10/08/2020
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Speech Recognition Software Market Insights and Forecast 2020 to 2025- Growth, Market Share, Size, Market Competition landscape and Covid-19 Impact on Industry by Market Reports World
- Oct 07, 2020 (The Expresswire) --
Report on "Speech Recognition Software Market" 2020-2025 mainly presents value, growth, volume and market share by players,...
- 10/07/2020
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G.research 44th Annual Auto Symposium - Virtual
- G.research, in conjunction with Gabelli Funds, will virtually host the 44th Annual Automotive Symposium on Monday, November 2nd & Tuesday, November 3rd,...
- 10/06/2020
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Virtual Assistant Industry Market Research & Clinical Advancements by 2028 | IntelliResponse Systems Inc., IBM, Microsoft,
- Oct 05, 2020 (Market Insight Reports) --
JCMR recently announced market survey which covers overall in-depth study including additional study on COVID-19...
- 10/05/2020
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Speech Recognition Software Market Size 2020 With Impact Analysis of COVID-19, Emerging Trends, Business Challenges, Merger, Acquisition and New Investment, Future Growth, Revenue, Forecast to 2025
- Oct 01, 2020 (The Expresswire) --
The “Speech Recognition Software Market” research report provides key statistics of the market status in terms of Speech...
- 10/01/2020
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Voice Assistant Market Key Business Strategies, Production, Demand Analysis and Growth Prospects | Amazon Inc, Google Inc, Apple Inc
- Oct 01, 2020 (WiredRelease via Comtex) --
MarketResearch.Biz has posted a newly modern statistical statistics, titled as Voice Assistant Market. It is a...
- 10/01/2020
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Automatic Speech Recognition Software Market Industry Development, Demand Analysis and Growth Opportunities|Google, Baidu, Facebook
- Pune, Maharashtra, India, September 18 2020 (Wiredrelease) MarketResearch.Biz –:An extensive and elaborate primary research on Global Automatic | eTurboNews | Trends | Travel News |
- 09/18/2020
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The Porn Industry Is Headed for a Major Coronavirus Outbreak
- Adult star Cherie DeVille writes about how the testing system—and contact tracing—employed by porn is woefully inadequate and even dangerous.
- 09/14/2020
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Cerence: Impressive Results, Stock Soars, Still Incredibly Cheap
- Cerence is an asset-light car infotainment company with astonishing high profit margins. Cerence saw very strong bookings during the quarter and plowed ahead with its 15% CAGR target toward 2024.
- 08/26/2020
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Speech Processing Joins RingCentral’s Channel Partner Program
- Speech Processing Solutions, market leader speech-to-text workflows, joins RingCentral's channel partner program as a sub-agent
- 08/25/2020
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Cerence to Present at Raymond James Diversified Industrials Conference
- BURLINGTON, Mass., Aug. 19, 2020 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, announced today that it will be presenting at the Raymond James Diversified Industrials Conference on Wednesday, August 26, 2020 at 3:20 p.m. Eastern Time. The fireside chat format will feature Sanjay Dhawan, Cerence CEO. The presentation will be webcast and can be accessed in the “Events & Resources” tab under the “Investors” section of the Company’s website at www.cerence.com.The webcast replay will be available on the Company’s website at www.cerence.com.About Cerence Inc. Cerence (NASDAQ: CRNC) is the global industry leader in creating unique, moving experiences for the automotive world. As an innovation partner to the world’s leading automakers, it is helping transform how a car feels, responds and learns. Its track record is built on more than 20 years of knowledge and more than 325 million cars on the road today. Whether it’s connected cars, autonomous driving or e-vehicles, Cerence is mapping the road ahead. For more information, visit www.cerence.com.Investor Contact Information Rich Yerganian Vice President of Investor Relations Cerence Inc. Tel: 617-987-4799 Email: richard.yerganian@cerence.com
- 08/19/2020
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Cerence Inc.'s (NASDAQ:CRNC) Share Price Not Quite Adding Up
- When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 19x, you may...
- 08/12/2020
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Read This Before Judging Cerence Inc.'s (NASDAQ:CRNC) ROE
- One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
- 08/10/2020
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Top Stocks To Short Today As Dow Enters Week With Gains
- Investors are keeping an eye on the U.S. and China tensions, as China announced it would apply sanctions on 11 U.S. citizens, including senators Ted Cruz and Marco Rubio. If you're looking to hedge your portfolio, our deep learning algorithms paired with AI has you covered with the Top Shorts today.
- 08/10/2020
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Cerence Announces Third Quarter 2020 Results
- Third Quarter Highlights * Bookings momentum continued with the second highest total in the company’s history, supported by strategic wins in all major geographic markets * Secular technology trends continue driving fiscal YTD revenue of $238.8M, up 8% year-over-year despite major impact of COVID-19 on global auto production * Strong financial performance generated $19.3M from cash flow from operations during the quarter * Generated adjusted EBITDA of $23.8M and adjusted EBITDA margin of 31.8% * Successfully refinanced total debt resulting in more than $10M annual cash interest expense savingsBURLINGTON, Mass., Aug. 04, 2020 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today reported its third fiscal quarter 2020 results for the quarter ended June 30, 2020.Results Summary (1) (in millions, except per share data) Three Months Three Months Nine Months Nine Months Ended Ended Ended Ended June 30, 2020 June 30, 2019 June 30, 2020 June 30, 2019 GAAP Revenue $74.8 $77.6 $238.8 $220.4 GAAP Gross Margin% 63.1% 69.5% 65.5% 67.2% Non-GAAP Gross Margin% 68.7% 72.5% 69.9% 70.6% GAAP Operating Margin% -6.3% 4.2% 2.2% 2.8% Non-GAAP Operating Margin% 28.4% 33.9% 28.3% 27.7% Adjusted EBITDA $23.8 $28.1 $74.6 $66.9 Adjusted EBITDA margin 31.8% 36.2% 31.2% 30.4% GAAP net (loss) income $(28.2) $1.8 $(27.4) $4.5 Non-GAAP net income $12.1 $18.9 $38.6 $43.7 GAAP net (loss) income per share - diluted $(0.77) $0.05 $(0.76) $0.12 Non-GAAP net income per share - diluted $0.31 $0.52 $1.03 $1.20 (1) Please refer to the “Discussion of Non-GAAP Financial Measures” and “Reconciliations of GAAP Financial Measures to Non-GAAP Financial Measures” included elsewhere in this release for more information regarding our use of non-GAAP financial measures. Sanjay Dhawan, Chief Executive Officer of Cerence, stated, “While the impact of COVID-19 has weighed on the global economy, our fiscal year to-date revenues are up 8% compared to the same period in the prior year. During a period of a dramatic drop-off in auto production our revenue declined less than 4% in the quarter versus a year ago. This was primarily due to the SaaS revenue contribution of our connected services and continued strength in our professional services business.” Dhawan added, “We recorded the second highest bookings quarter in the company’s history supported by several strategic wins in all major geographic markets. While the business environment in the near term remains challenging, we are maintaining the 2024 growth targets in large part due to the strong bookings we have seen this year and the initial positive reactions by customers to our new product initiatives. These new products such as CarLife and Cerence Pay will play a key role in generating a new line of SaaS or transaction-based revenue as we move toward the 2024 target model.”Dhawan continued, “A key accomplishment in the quarter was the refinancing of our debt. Refinancing will allow us to save over $10M per year in cash interest expense and will be accretive to our earnings. The adjustments we made to our business early in the quarter contributed over $6M in expense savings in the third quarter. While we will continue to prioritize the long-term growth of the company, we will continue to look for ways to minimize any short-term impact of COVID-19 on our operations.”The following table represents a set of KPIs management believes is helpful to investors to gain further insight into Cerence’s business.Key Performance Indicator1 Q3FY20 Q2FY20 Q1FY20 Q4FY19 Q3FY19 Percent of worldwide auto production with Cerence Technology (TTM) 54% 55% 53% 54% 53% Average contract duration (TTM): 6.2 5.7 4.9 5.1 5.2 Repeatable software contribution (TTM): >80% Change in number of Cerence connected cars shipped2 (TTM over prior year TTM) -3% Growth in billings per car YTD vs. prior year (excludes legacy contract) 7% (1) Please refer to the “Key Performance Indicators” included elsewhere in this release for more information regarding our use of key performance indicators.(2) Change in connected cars for the same period according to IHS data is approximately -6%.Statement on Guidance While the business environment remains challenging to predict, with a quarter’s experience of operating in the current conditions, management is providing guidance for fiscal Q4. For the fiscal quarter ending September 30, 2020, GAAP revenue is expected to be in the range of $76M to $80M. Adjusted EBITDA is expected to be in the range of $23M to $26M. The adjusted EBITDA guidance excludes acquisition-related costs, amortization of purchased intangible assets, stock-based compensation, and restructuring and other costs. Additional details regarding guidance will be provided on the earnings call.Third Quarter Conference Call The company will host a live conference call and webcast with slides to discuss the results at 10:00 a.m. Eastern Time/7:00 a.m. Pacific Time today. Interested investors and analysts are invited to dial into the conference call by using 1.844.467.7116 (domestic) or +1.409.983.9838 (international) and entering the pass code 8370039. Webcast access will be available on the Investor Information section of the company’s website at https://investors.cerence.com/news-and-events/events-and-presentations.The teleconference replay will be available through August 11, 2020. The replay dial-in number is 1.855.859.2056 (domestic) or +1.404.537.3406 (international) using pass code 8370039. A replay of the webcast can be accessed by visiting our web site 90 minutes following the conference call at https://investors.cerence.com/news-and-events/events-and-presentations.Forward Looking Statements Statements in this presentation regarding Cerence’s future performance, results and financial condition, expected growth and innovation and our management’s future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “intends” or “estimates” or similar expressions) should also be considered to be forward-looking statements. Although we believe forward-looking statements are based upon reasonable assumptions, such statements involve known and unknown risk, uncertainties and other factors, which may cause actual results or performance of the company to be materially different from any future results or performance expressed or implied by such forward-looking statements including but not limited to: impacts of the COVID-19 pandemic on our and our customer’s businesses; the highly competitive and rapidly changing market in which we operate; adverse conditions in the automotive industry or the global economy more generally; our ability to control and successfully manage our expenses and cash position; our strategy to increase cloud; escalating pricing pressures from our customers; our failure to win, renew or implement service contracts; the loss of business from any of our largest customers; effects of customer defaults; the inability to recruit and retain qualified personnel; cybersecurity and data privacy incidents; fluctuating currency rates; and the other factors in our Annual Report on our most recent Form 10-K, quarterly reports on Form 10-Q, and other filings with the Securities and Exchange Commission. We disclaim any obligation to update any forward-looking statements as a result of developments occurring after the date of this document.Discussion of Non-GAAP Financial Measures We believe that providing the non-GAAP information in addition to the GAAP presentation, allows investors to view the financial results in the way management views the operating results. We further believe that providing this information allows investors to not only better understand our financial performance, but more importantly, to evaluate the efficacy of the methodology and information used by management to evaluate and measure such performance. The non-GAAP information should not be considered superior to, or a substitute for, financial statements prepared in accordance with GAAP.We utilize a number of different financial measures, both GAAP and non-GAAP, in analyzing and assessing the overall performance of the business, for making operating decisions and for forecasting and planning for future periods. While our management uses these non-GAAP financial measures as a tool to enhance their understanding of certain aspects of our financial performance, our management does not consider these measures to be a substitute for, or superior to, the information provided by GAAP financial statements.Consistent with this approach, we believe that disclosing non-GAAP financial measures to the readers of our financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial statements, allows for greater transparency in the review of our financial and operational performance. In assessing the overall health of the business during the three and nine months ended June 30, 2020 and 2019, our management has either included or excluded items in five general categories, each of which is described below.Adjusted EBITDA Adjusted EBITDA is defined as net income attributable to Cerence Inc.
- 08/04/2020
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Cerence Introduces Cerence Reader, a “Breathtaking,” Human-Like Virtual Newscaster for the Car
- Cerence Reader, Based on Groundbreaking Neural TTS Innovations, Has Unique Ability to Predict and Adjust Tone and Reading Style for ExpressionBURLINGTON, Mass., Aug. 03, 2020 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced Cerence Reader, a new product based on its neural text-to-speech (TTS) offerings – the most advanced TTS available today – that brings a natural, expressive voice into the car to read the news to drivers on the go. To hear this release read by Cerence Reader, visit https://youtu.be/M3nnyb-bFho. Cerence Reader leverages advances in AI and processing hardware to bring unprecedented levels of human-like speech to the car. Nearly indistinguishable from a human voice, Cerence Reader features long-form reading capabilities, including natural pausing and breathing, and automatic prediction of the appropriate reading style and emotional tone based on content, context, and category of news, including current events, sports, or documentary-style pieces. Cerence Reader can also be adopted for additional scenarios beyond news reading, such as audiobooks, language learning and more.“Cerence Reader is quite breathtaking and will empower the next generation of our cars to interact with our customers on a whole new level,” said Jan Dusik, Head of Development Speech Output, Audi.“Cerence Reader is another example of Cerence’s advanced AI technologies and our expertise in delivering an outstanding voice assistant in the car,” said Stefan Ortmanns, EVP and General Manager, Core Products for Cerence. “Compared to other news-reading offerings on the market, Cerence Reader sets a new bar for expressivity, making it nearly indistinguishable from a human newscaster.”With Cerence Reader, Cerence takes the same flexible approach it has with other recent products like Cerence Pay – offering standard integrations with news content providers while remaining open to integrate with additional content partners if preferred by the OEM. Initially available in US English and German, Cerence Reader will source news content from Reuters and others, with additional content partners to come.For more about Cerence Reader, visit https://youtu.be/AEQ9ITxdeLU. To learn more about Cerence, visit www.cerence.com, and follow the company on LinkedIn and Twitter.About Cerence Inc. Cerence (NASDAQ: CRNC) is the global industry leader in creating unique, moving experiences for the automotive world. As an innovation partner to the world’s leading automakers, it is helping transform how a car feels, responds and learns. Its track record is built on more than 20 years of knowledge and almost 325 million cars on the road today. Whether it’s connected cars, autonomous driving or e-vehicles, Cerence is mapping the road ahead. For more information, visit www.cerence.com.Contact Information Kate Hickman Cerence Inc. Tel: 857-239-0131 Email: kate.hickman@cerence.com
- 08/03/2020
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Cerence Introduces Cerence Pay for Secure, Voice-Powered Payments in the Car as Contactless Payment Demand Soars
- * Cerence working with Audi on implementation in future Audi cars * Arrive and Parkopedia sign on as first in growing ecosystem of parking partners * Visa signs on as a payment partner for Central European regionBURLINGTON, Mass., July 30, 2020 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today launched Cerence Pay, a new product that delivers a secure, contactless payment experience in the car through voice-powered AI. Cerence Pay is designed to anticipate drivers’ needs and provide a seamless payment transaction from intent to authentication via voice and facial biometrics and through to purchase. The company is currently working with Audi on a joint project to build Cerence Pay into future Audi head units.Just as the demand for in-car voice assistants soars, so does the need for fast, contactless, voice-powered payments for common needs on the road, including parking, fuel, electric vehicle charging, restaurant reservation booking, fast food, and more. Contactless payment was already on the rise, but the COVID-19 pandemic has exacerbated the desire for touch-free payment options. In fact, according to a recent announcement by Visa, more than 70% of all Visa transactions in Europe are now made by contactless card or mobile devices.“As contactless pay becomes an everyday occurrence for people at grocery stores, coffee shops, and other retailers, we want to deliver that same great experience on the road, where safety and convenience are of the utmost importance,” said Nils Lenke, VP and General Manager of Cerence Applications business. “Beyond the benefits to drivers and passengers, Cerence Pay enables OEMs to offer a superior, intuitive experience with safe and secure transactions via voice and facial biometrics and seamless integration with the car’s head unit and companion apps.”“We’ve set out to build a natural, intuitive in-car experience centered around an intelligent companion that meets drivers’ every need while on the go,” said Andreas Reich, Executive Director, Development of Connected Car & Infotainment, Audi. “Cerence Pay is a relevant module, making the travel experience that much simpler and safer through secure, voice-powered payments – a must in today’s world.”Building a World-Class Cerence Pay Partner EcosystemTo support this need for payments in the car, Cerence is building an ecosystem of partners that it will continue to expand over time. In addition, Cerence Pay is easily integrated with an automaker’s preferred payment partners and companion apps. This powers a flexible platform that enables OEMs to create their own unique experience and meet the specific needs of their drivers: more convenient, secure payment options driven by personalized and relevant content in their moment of need. It also offers OEMs and content providers new transaction-based revenue streams to stay competitive in today’s digital economy.The initial Cerence Pay partners include: * Arrive offers a single, seamless mobility experience that leverages AI to predict and recommend the best parking solution for your destination. * Parkopedia is the world’s leading parking service provider used by millions of drivers and organizations to find and pay for parking. Parkopedia brings new and improved parking experiences to drivers and connected cars in 15,000 cities across 89 countries covering over 70 million parking spaces. * Visa is the world’s leader in digital payments. Visa’s advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The Central European markets at Visa include Germany, Austria, Switzerland and the Netherlands“Visa aims to provide seamless commerce experiences to consumers around the world. In-vehicle payments are just one part of Internet of Things where we see tremendous potential. This is why we are excited to be working together with Cerence in Central Europe,” says Jürgen Schübel, Head of MS&A at Visa in Central Europe. “For consumers, paying from inside of their car is as simple as using their debit or credit card in store – and it is just as secure, thanks to the Visa tokenization technology. This opens up a whole new world of convenient transportation and paves the way for the next generation of in-car payments.”“Arrive pioneered voice-enabled parking in 2017, and our investment in AI has transformed the consumer experience. In-car assistants powered by Arrive’s recommendation engine makes parking intuitive and easy, allowing consumers to focus on the road,” said Ed Lewis, Senior Vice President of Arrive. “Cerence is a market leader in voice AI and a trusted partner of the world’s leading automakers. We anticipate Cerence Pay will benefit hundreds of millions of consumers and parking will be among the most used services.”Commenting on the announcement, Parkopedia’s COO, Hans Puvogel said, “Parkopedia is the leading provider of multi-vendor parking payment solutions to the automotive and mapping companies around the world. Parkopedia provides its parking payment platform to Cerence as an extension of our long-standing relationship building on our existing integration with Cerence’s cloud service. We are delighted to assist in delivering a seamless voice assistant payment experience to drivers around the world.”Compelling User Experience Creates Safer, More Enjoyable Journey for EveryoneCerence Pay is more than on-the-road payments; it delivers context-aware commerce to drivers, enabling transactions that are relevant and easy to interact with. Through contemporary AI-based technology, personalized payment experiences eliminate the need to dig for credit cards or to enter difficult information on the head unit, so users can get what they want and keep their focus on the road. Further, Cerence Pay leverages voice and facial biometrics for secure authentication and payment. For example: * Fuel Up: The driver needs to fuel up on the way to work and asks the system for the nearest gas station. Upon arrival, the driver is presented with the ability to choose a pump and pay for fuel directly from the car. The driver could also add a coffee from the convenience store or a quick car wash. * Dining and Drive Through: After work, the driver is making plans for dinner. The system can offer relevant choices, then book a reservation for dining if needed. The driver could also order and pay for food to pick up and take home. * Parking: When navigating to a busy destination downtown for the dinner, the voice assistant proactively tells the driver that there is no street parking available, then locates a garage with available space in walking distance from their destination. Once confirmed, the system provides a stall number and starts the payment process. * Tolls: On the way home from dinner, the driver takes a toll route and uses the system to authorize payment.For more about Cerence Pay, visit www.cerence.com/solutions/cerence-pay. To learn more about Cerence, visit www.cerence.com, and follow the company on LinkedIn and Twitter.About Cerence Inc. Cerence (NASDAQ: CRNC) is the global industry leader in creating unique, moving experiences for the automotive world. As an innovation partner to the world’s leading automakers, it is helping transform how a car feels, responds and learns. Its track record is built on more than 20 years of knowledge and more than 325 million cars on the road today. Whether it’s connected cars, autonomous driving or e-vehicles, Cerence is mapping the road ahead. For more information, visit www.cerence.com.Trademark reference: Cerence and the Cerence logo are registered trademarks or trademarks of Cerence Inc. or its affiliates in the United States and/or other countries. All other trademarks referenced herein are the property of their respective owners.Contact Information Kate Hickman Cerence Inc. Tel: 857-239-0131 Email: kate.hickman@cerence.com
- 07/30/2020
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Cerence to Announce Fiscal Third Quarter Results on August 4, 2020
- BURLINGTON, Mass., July 30, 2020 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its third quarter, fiscal year 2020 financial results for the quarter ended June 30, 2020 on Tuesday, August 4, 2020 at 7:00 a.m. EDT / 4:00 a.m. PDT. The company will host a live conference call and webcast with slides to discuss the results at 10:00 a.m. Eastern Time / 7:00 a.m. Pacific Time. Interested investors and analysts are invited to dial into the conference call by using 1.844.467.7116 (domestic) or +1.409.983.9838 (international) and entering the pass code 8370039. Webcast access will be available in the Investor Information section of the company’s website at www.cerence.com.The teleconference replay will be available through August 11, 2020. The replay dial-in number is 1.855.859.2056 (domestic) or +1.404.537.3406 (international) using pass code 8370039. The webcast replay will be available on the Company’s website at www.cerence.com.About Cerence Inc. Cerence (NASDAQ: CRNC) is the global industry leader in creating unique, moving experiences for the automotive world. As an innovation partner to the world’s leading automakers, it is helping transform how a car feels, responds and learns. Its track record is built on more than 20 years of knowledge and more than 325 million cars on the road today. Whether it’s connected cars, autonomous driving or e-vehicles, Cerence is mapping the road ahead. For more information, visit www.cerence.com.Investor Contact Information Rich Yerganian Vice President of Investor Relations Cerence Inc. Tel: 617-987-4799 Email: richard.yerganian@cerence.com
- 07/30/2020
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Top Small Cap Stocks for August 2020
- Small cap stocks are listed companies that have market capitalizations typically ranging from $300 million to $2 billion. Since the share prices of these companies can have big fluctuations over a short period of time, companies with market caps of up to $10 billion are also found in the small cap universe. Small Cap stocks, as represented by the Russell 2000 Index (RUT), have underperformed the broader market, providing investors with a total return of -4.6% compared to the S&P 500's total return of 8.9% over the past 12 months. These market performance numbers and the statistics in the tables below are as of July 28.
- 07/29/2020
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Cerence and what3words Reinvent Voice-Powered Navigation
- Companies expand voice-powered what3words navigation to new verticalsBURLINGTON, Mass., July 28, 2020 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced deeper integration of what3words’ unique addressing system, pushing the boundaries of typical navigation technologies through new innovations that make every corner of the world accessible by voice. what3words divides the world into three meter by three meter squares, assigning them a unique three-word address. When integrated with Cerence Drive’s speech recognition, drivers can quickly and easily navigate directly to their destination simply by speaking the three-word address, including in Mercedes-Benz vehicles with MBUX and in Tata Motors vehicles in India. In addition, Cerence technology powers the voice input in the what3words app, making it simple to enter addresses via voice while on the go, even in areas of limited connectivity.As Cerence and what3words continue to further integrate their technologies, they focus on bringing simple, voice-powered navigation to new languages and new verticals, including package delivery and emergency services. For example, delivery services leveraging the Mercedes-Benz Sprinter van can use their voice to enter a precise three-word address into the MBUX assistant, ensuring that packages are delivered to the precise, correct location intended by the sender. Similarly, what3words enables first responders to send a link to those in distress, which they can access to provide their what3words address and precise location. The emergency services workers can then speak the address into their smartphone and be directed to exactly where they are needed.“Navigation has always been one of the core use cases for voice technology in the car, and it’s often one of the first tests of the automotive assistant,” said Stefan Ortmanns, EVP and General Manager, Core Products for Cerence. “Simplicity and accuracy are key for drivers to feel confident in the assistant, and there are many instances where what3words’ approach to address input helps us deliver that experience to our customers.”“Cerence is the leading automotive voice recognition provider and we’re delighted to expand our reach to the global automotive market through this partnership,” said Chris Sheldrick, what3words CEO. “As we begin offering car manufacturers the opportunity to embed what3words offline into their navigation systems as well as through the cloud, we’ve been delighted to strengthen our consumer app and emergency service products by adding in Cerence’s voice recognition service in parallel.”To learn more about what3words, visit www.what3words.com. To learn more about Cerence, visit www.cerence.com, and follow the company on LinkedIn and Twitter.About Cerence Inc. Cerence (NASDAQ: CRNC) is the global industry leader in creating unique, moving experiences for the automotive world. As an innovation partner to the world’s leading automakers, it is helping transform how a car feels, responds and learns. Its track record is built on more than 20 years of knowledge and almost 325 million cars on the road today. Whether it’s connected cars, autonomous driving or e-vehicles, Cerence is mapping the road ahead. For more information, visit www.cerence.com.About what3wordsFind your what3words address here.Details of a recent efficiency test with Mercedes-Benz and DPD can be found here.Co-founded in London in 2013 by Chris Sheldrick, what3words is the simplest way to talk about location. The system covers the entire world, never needs updating, and works offline. A what3words address is a human-friendly way to share very precise locations with other people, or to input them into platforms and machines such as ride-hailing apps or e-commerce checkouts. It is optimised for voice input and contains built-in error prevention to immediately identify and correct input mistakes.The free what3words app, available for iOS and Android, and the online map enable people to find, share and navigate to what3words addresses in over 40 languages to date. Millions of what3words addresses are in use around the world, with thousands of businesses using them to save money, be more efficient and provide a better customer experience. what3words is integrated into apps, platforms and websites, with just a few lines of code. Products are available for free or for a nominal fee for qualifying NGOs. Its partners include Mercedes-Benz, Tata Motors, Triumph Motorcycles, TomTom, Lonely Planet, and many emergency services across the world.what3words has a team of over 100 people, across offices in London, UK, San Francisco, USA, Johannesburg, ZA and Ulaanbaatar, Mongolia. The company has raised over £50 million in capital from investors such as Intel, Deutsche Bahn, SAIC Motor Corp, and the Sony Investment Fund.Contact Information Kate Hickman Cerence Inc. Tel: 857-239-0131 Email: kate.hickman@cerence.comMiriam Frank what3words Email: miriam@what3words.com
- 07/28/2020
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Cerence: Cheaply Valued In-Car Infotainment Stock, Check This Out
- This car infotainment company has very high margins and a promising future over the next several years.
- 07/23/2020
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RBC Says These 3 Stocks Will Surge Over 25% From Current Levels
- Second quarter earnings season is upon us, and Wall Street watchers are focused on the results. Weighing in after looking at the initial results, investment firm RBC describes the earnings season as ‘pivotal.’ After the grim results in Q1, investors are hoping for better earnings in Q2, but are girding themselves for the possibility of downward revisions.But for now, at least, the results have been, in RBC words, ‘less bad than feared.’ The firm notes that 56% of the revisions to EPS estimates so far for 2020 and 2021 have been upward. It’s a welcome positive sign, especially considering indicators that economic activity is faltering while COVID cases are rising. Restaurant bookings have stalled, and public transit activity is inconsistent at best. It’s important to remember that Q2 saw lockdowns in April, reopenings in May, and the signs of a feared ‘second wave’ in June.In the mid-term, RBC’s analysts believe that markets – which have tended to hope for a Trump win in the coming November election – are starting to accept that former VP Joe Biden is currently in the lead. RBC points out that Biden’s current economic positions may not be as unfriendly to business as is commonly assumed.The upshot is, that conditions are unsettled and investors are trying to remain upbeat. To help along the process, RBC has tagged three stocks that are worth buying, and sees at least 30% upside for each. We ran the trio through TipRanks database to see what other Wall Street’s analysts have to say about them.The Gap, Inc. (GPS)One of retails most recognizable names, The Gap has had a hard time during the pandemic crisis. First quarter results – released at the start of June and covering the period of the strictest lockdown policies – showed an earnings loss of $2.51 per share. This was a far cry from the previous quarter’s 58 cent profit, and far below the 65-cent loss forecast. The impact of the pandemic on retail was clear as early as March; that month, Gap announced its Q1 dividend and later suspended it before payment.GPS stock performance has been volatile in recent months. The stock plunged in February and March, as the crisis ramped up, rallied when restrictions were lifted and retail activity restarted, and plunged again, less deeply, after the first quarter results. While the stock is still 24% from February levels, it has regained what it lost after the June earnings release.Covering GPS for RBC, analyst Kate Fitzsimons upgraded her firm’s stance from Neutral to Buy. She backs that with an $18 price target, suggesting an upside potential of an impressive 45% for the coming year. (To watch Fitzsimons’ track record, click here)In her comments, Fitzsimons described a clear path forward for the retailer: "With COVID-19 near-term pressuring results, we see multiple catalysts ahead for shares, including: 1) a fall 2020 analyst day, wherein the new management team including CEO Syngal and CFO O'Connell will update investors on brand metrics; 2) strength at Old Navy, with its value focus and off-mall penetration key assets and with execution issues in women’s in the rear view; 3) the 1H21 launch of Yeezy Gap;and 4) benefits with occupancy and expense reduction efforts as 2020 store closures (likely above the original 170 target), rent renegotiation work, and expense reductions efforts at HQ take hold. With secular tailwinds for the Old Navy and Athleta brands at their backs, on top ofthe team's own self-help efforts, we expect shares are positioned for outperformance."Fitzsimons is clearly on the bullish side when it comes to GPS, but Wall Street is more cautious. The stock’s analyst consensus rating is a Hold, based on 2 Buys, 10 Holds, and 2 Sells set in recent weeks. In a sign that GPS may be turning bullish, the stock’s recent appreciation has pushed its value above the average price target of $12.38. The shares are currently selling for $12.89. (See GPS stock analysis on TipRanks)Cerence, Inc. (CRNC)The next stock on our list is an interesting tech company. Cerence develops AI systems and interfaces for the automotive industry. Cerence saw bookings and revenue increase during the 2020 fiscal second quarter. The reporting period covered calendar Q1, and saw bookings reach a company record of $533 million and revenue grow 23% year-over-year to $86.5 million. Cerence has been trading publicly since October of last year, after it spun off from Nuance, Inc. In that time, CRNC shares have gained nearly 50%, with most of that coming in the past three months. RBC’s Joseph Spak explains why the stock could continue its rally: “There is strong demand for vehicles to be an extension of the consumer’s digital life. Voice-powered assistants are increasingly important for a more intelligent, connected and safer driving experience. Further, post COVID-19, we believe voice may be an interface of greater importance vs. touch, especially in a shared situation.”In line with his comments, Spak initiated coverage of CRNC with a Buy rating. His $50 price target implies a one-year upside potential of 28% for the stock. (To watch Spak’s track record, click here)The analyst consensus on CRNC is a Moderate Buy. The stock has 5 reviews, breaking down to 4 Buys and 1 Sell. Shares are selling for $39.41; the average price target of $40.60 reflects some Wall Street caution, and suggests just a modest upside of 3%. (See Cerence stock analysis on TipRanks)International General Insurance (IGIC)The last on our list of RBC recommendations today is IGIC. This veteran of the insurance industry went public this past March, just in time for the coronavirus crisis and market collapse. Shares remain down after five months of volatile trading.IGI is well-known as a niche underwriter, and has some 20 years’ experience in the insurance industry. The company holds a risk portfolio in the energy, property, construction, financial, general aviation, and professional indemnity sectors. S&P Global Ratings gives IGI a rating of A-/Stable. The company boasts a market cap of $331 million, assets exceeding $1.01 billion, and 2019 net earnings of $23.5 million. In short, this is a solidly positioned, experienced underwriter in the insurance industry.Mark Dwelle initiated coverage of this stock for RBC. He sees a bright future ahead for it, writing, “We see the company as a highly profitable niche underwriter of both insurance and reinsurance with a solid balance sheet and excellent underwriting credentials… As investors get to know IGI and tradeable float increases we expect the multiple to rise reflecting the company's favorable operating fundamentals.” Dwelle starts this stock with a Buy rating, and his $10 price target indicates room for a 40% upside over the coming year. (To watch Dwelle’s track record, click here)Dwelle’s is the only analyst review that IGIC has no record since the IPO. Shares are currently selling for $7.15. (See IGIC stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
- 07/20/2020
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ClearBridge Aggressive Growth Strategy Portfolio Manager Commentary Q2 2020
- ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers.
- 07/11/2020
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ClearBridge Multi Cap Growth Strategy Portfolio Manager Commentary Q2 2020
- ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers.
- 07/11/2020
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Hedge Funds Are Dumping Cerence Inc. (CRNC)
- At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]
- 07/05/2020
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Cerence Inc. : Close to new upside potential | MarketScreener
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Cerence Inc. : Proche d'un nouveau potentiel d'appréciation | Zone bourse
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Christopher Columbus And Evaluating Autonomous Vehicles As An Investor
- AVs have had a lot of corporate activity. Does it matter ? Depends on your mental model of the space.
- 06/27/2020
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Cerence and e.solutions Team to Build Automotive Cockpit of the Future | MarketScreener
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Cerence and e.solutions Team to Build Automotive Cockpit of the Future
- Cerence Inc. (CRNC), AI for a world in motion, today announced that it has partnered with e.solutions GmbH, a joint venture between Audi Electronics Venture GmbH and Elektrobit Automotive GmbH, to develop game-changing innovations for the automotive cockpit of the future.
- 06/25/2020
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AI Stock Cerence Inc Is Up 280% Since March & Is Gaining Steam
- Cerence Inc is an automotive AI stock that has seen its share price soar 280% since March. But the company's outlook is even more bullish. Cerence's industry-leading market penetration is growing, its revenue growth is strong, it's highly profitable, and it recently reported record bookings.
- 06/25/2020
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Cerence Will Save Millions After Debt Refinancing | The Motley Fool
- The automotive artificial intelligence company completes its restructuring plan.
- 06/16/2020
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Cerence Announces the Successful Completion of Its Debt Refinancing
- Cerence Inc. (CRNC), AI for a world in motion, today announced that the Company has successfully completed the refinancing of its senior secured term loan B and revolving credit facility through a combination of proceeds from the recent sale of $175 million 3% convertible senior notes due 2025 and a new $125 million senior secured term loan A credit facility. The Company expects to realize significant interest savings as a result of the successful completion of its debt refinancing. On a pro forma basis, assuming the same level of indebtedness of $270 million, the Company would have saved approximately $5.7 million in cash interest expense during the first six months of fiscal year 2020 (or approximately $11.5 million on an annualized basis), had the convertible senior notes and the term loan A facility been in effect at the start of the fiscal year.
- 06/15/2020
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Cerence: Secular Growth Opportunity In Automotive AI Market (NASDAQ:CRNC)
- With AI-based virtual assistants becoming more mainstream, Cerence will continue to benefit from the secular demand from the automakers across all tiers. The co
- 06/10/2020
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Cerence Studio Puts Custom Voice-Driven AI Innovations into the Hands of Developers Around the World
- Cerence Inc. (CRNC), AI for a world in motion, today announced its enhanced Cerence Studio, an innovative web-based developer platform that allows OEMs and their technology partners to design and develop custom voice domains, creating their own uniquely branded experience for drivers. As the use of in-car voice assistants explodes, the technology has become an innovative point of differentiation amongst OEMs. Carmakers want the freedom to offer distinct and compelling voice solutions that redefine the driver experience and create a deep connection to their brand for years to come.
- 06/10/2020
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Flipkart launches Voice Assistant to help customers buy groceries
- Flipkart's voice assistant responds to mixed language commands as well.The voice-first conversational AI platform has been built by Flipkart’s in-house technology team
- 06/09/2020
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6 Stocks That Could Be Heading For More Upside
- Stocks Analysis by Harry Boxer covering: SPDR S&P 500, Halliburton Company, Occidental Petroleum Corporation, Marathon Oil Corporation. Read Harry Boxer's latest article on Investing.com
- 06/09/2020
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Cerence Powers New Level of Conversational AI and Natural Voice Recognition in Ford SYNC 4
- Cerence Inc. (CRNC), AI for a world in motion, today announced that Ford Motor Company has selected the company’s Cerence Drive products to bring advanced, conversational AI and voice recognition to the Ford SYNC 4 communications and entertainment system. Leveraging Cerence Drive products, Ford SYNC 4 delivers enhanced AI-powered technologies and embedded and connected services to create a conversational, safe and productive experience for Ford drivers. SYNC 4 is now faster, easier and simpler than ever to use, with the ability to understand requests spoken in natural language, like “find me the best Thai restaurant.”
- 06/02/2020
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Could the Government take a stake in Jaguar Land Rover?
- Automotive expert Dr Charles Tennant looks what the future might hold for the Coventry car maker
- 06/02/2020
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IIT-Ropar Launches PG Programme in Artificial Intelligence
- IT-Ropar, one of the eight new IITs established by the Ministry of Human Resource Development (MHRD), Government of India, and TSW, the executive education division of Times Professional Learning have launched a Post Graduate Certificate Programme in Artificial Intelligence & Deep Learning. The programme will be coordinated by The Indo-Taiwan Joint Research Centre (ITJRC) on…
- 06/01/2020
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Cerence Inc. Prices Offering of $150 Million 3.00% Convertible Senior Notes due 2025
- Cerence Inc. (CRNC), AI for a world in motion, announced today the pricing of $150.0 million aggregate principal amount of 3.00% convertible senior notes due 2025 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering, Cerence granted the initial purchasers an option to purchase up to an additional $25.0 million aggregate principal amount of notes. On or after March 1, 2025, the notes will be convertible at any time until the close of business on the second scheduled trading day immediately preceding the maturity date.
- 05/29/2020
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Cerence Inc. Announces Proposed Offering of $150 Million Convertible Senior Notes
- Cerence Inc. (CRNC), AI for a world in motion, announced today that it intends to offer, subject to market conditions and other factors, $150.0 million aggregate principal amount of convertible senior notes due 2025 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering, Cerence expects to grant the initial purchasers an option to purchase up to an additional $25.0 million aggregate principal amount of notes. On or after March 1, 2025, the notes will be convertible at any time until the close of business on the second scheduled trading day immediately preceding the maturity date.
- 05/27/2020
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Work begins on self-driving car test route in Coventry
- Autonomous vehicles will be trialled on urban, rural, suburban and highway roads
- 05/24/2020
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Audi Partners with Cerence Inc. to Create New AI Voice Assistance - The News Wheel
- Audi is teaming up with Cerence to create a next-generation AI voice assistance system that will revolutionize the way drivers stay connected on the road.
- 05/22/2020
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Convert Your Speech to Text using Python
- Convert your speech to text in real-time using a microphone
- 05/22/2020
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Cerence Continues Long-Term Partnership with Audi to Deliver Conversational AI for the Automaker’s Next-Generation Voice Assistant
- Cerence Inc. (CRNC), AI for a world in motion, today announced that its Cerence Drive platform will bring an enhanced conversational experience to Audi’s new, next-generation voice assistant. This connected navigation and infotainment system provides real-time access to all content, services, and features within select Audi vehicles through the Audi Connect platform. Cerence Drive utilizes speech recognition, natural language understanding (NLU), text-to-speech (TTS), and speech signal enhancement to create a truly conversational automotive assistant for Audi that listens, understands, and responds to drivers.
- 05/20/2020
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What Can Amazon And Hilton Can Teach Uber About Transportation
- Cloud services and hospitality have built fundamental models for value delivery which are likely useful for transportation.
- 05/15/2020
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Strong Outlook, Attractive Valuations Driving Cerence (CRNC) Stock
- Bernzott Capital Advisors recently released its Q1 2020 Investor Letter, a copy of which you can download below. The fund posted a return of -32.76% (net) for the quarter, outperforming its benchmark, the Russell 2000 Value Index which returned -35.66% in the same quarter. You should check out Bernzott Capital Advisors top 5 stock picks […]
- 05/14/2020
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Cerence Launches Cerence ARK Assistant—a Turnkey Automotive Voice Assistant—in U.S. English
- Cerence Inc. (CRNC), AI for a world in motion, today introduced Cerence ARK Assistant, a new turnkey automotive voice assistant in U.S. English. Cerence ARK Assistant provides OEMs the ability to quickly develop, deploy and manage an automotive voice assistant without sacrificing the performance, flexibility and breadth of capabilities that Cerence is known for. It is a turnkey product that combines in-car technology and cloud services to help automakers accelerate the time it takes to create a voice assistant.
- 05/12/2020
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AppTek Awarded Multiple 2020 Speech Technology Awards
- 2020 Speech Technology Awards highlight AppTek's innovations in Artificial Intelligence, Speech Recognition and Speech-to-Text Technologies.
- 05/12/2020
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U.S. RESEARCH ROUNDUP-Ashland Global, Lyft, Solaredge Technologies
- Wall Street securities analysts on Thursday revised their ratings and
price targets on several U.S.-listed companies, including Ashland Global Holdings, Lyft and
Solaredge Technologies.
HIGHLIGHTS
* Ashland Global Holdings Inc. : JP Morgan raises to neutral from underweight
* Lyft Inc : Piper Sandler cuts to neutral from overweight
* Natera Inc : JP Morgan raises to overweight from neutral
* Occidental Petroleum Corp : SunTrust Robinson raises to hold from sell
* Solaredge Technologies : Canaccord Genuity cuts to hold from buy
Following is a summary of research actions on U.S. companies reported by Reuters on Thursday.
Stock entries are in alphabetical order.
* A. O. Smith Corp : Stephens raises target price to $40 from $37
* Acadia Healthcare Company Inc : Citigroup cuts price target to $34 from $37
* Acadia Healthcare Company Inc : Deutsche Bank cuts target price to $28 from $32
* Activision Blizzard Inc : Keybanc raises target price to $80 from $68
* Adient Plc : Deutsche Bank raises target price to $20 from $15
* ADMA Biologics Inc : Oppenheimer cuts target price to $7 from $14
* Advanced Energy Industries Inc : Citigroup raises price target to $63 from $40
* Advanced Energy Industries Inc : Cowen and Company raises PT to $58 from $51
* Advanced Energy Industries Inc : D.A. Davidson raises target to $60 from $50
* Advanced Energy Industries Inc : Susquehanna cuts target price to $85 from $90
* Aerie Pharmaceuticals Inc : H.C. Wainwright cuts target price to $31 from $37
* Aerie Pharmaceuticals Inc : Mizuho cuts target price to $29 from $34
* Aerie Pharmaceuticals Inc : Piper Sandler cuts target price to $35 from $45
* Aerie Pharmaceuticals Inc : SunTrust Robinson cuts price target to $22 from $26
* Agco Corp : Stephens raises target price to $65 from $60
* Air Transport Services Group Inc : Cowen and Company raises PT to $26 from $25
* Albemarle Corp : UBS cuts target price to $90 from $98
* Alexion Pharmaceuticals Inc : BMO cuts target price to $142 from $147
* Alexion Pharmaceuticals Inc : Credit Suisse cuts target price to $142 from $147
* Alexion Pharmaceuticals Inc : Jefferies cuts price target to $111 from $112
* Alexion Pharmaceuticals Inc : Raymond James cuts target price to $156 from $159
* Alexion Pharmaceuticals Inc : SunTrust Robinson cuts target to $135 from $141
* Alexion Pharmaceuticals Inc : SVB Leerink cuts target price to $150 from $156
* Allegiant Travel Co : Cowen and Company cuts price target to $74 from $100
* Allete Inc : Guggenheim cuts price target to $65 from $70
* Allogene Therapeutics Inc : Jefferies raises target price to $37 from $36
* Allstate Corp : Piper Sandler raises target price to $112 from $108
* Alnylam Pharmaceuticals Inc : Guggenheim raises price target to $166 from $155
* Alnylam Pharmaceuticals Inc : BMO raises target price to $171 from $145
* Alnylam Pharmaceuticals Inc : Jefferies raises price target to $165 from $142
* Alnylam Pharmaceuticals Inc : JP Morgan cuts to neutral from overweight
* Alnylam Pharmaceuticals Inc : JP Morgan raises target price to $137 from $133
* Alnylam Pharmaceuticals Inc : Needham raises target price to $160 from $135
* Alnylam Pharmaceuticals Inc : Oppenheimer raises target price to $162 from $140
* Alnylam Pharmaceuticals Inc : Piper Sandler raises target to $169 from $142
* Alteryx Inc : Citigroup cuts price target to $147 from $160
* Alteryx Inc : Cowen and Company cuts target price to $135 from $145
* Alteryx Inc : Needham cuts target price to $140 from $152
* Alteryx Inc : Wedbush cuts price target to $138 from $146
* Amedisys Inc : Benchmark cuts to hold rating
* Ameriprise Financial Inc : Evercore ISI raises target price to $139 from $136
* Ametek Inc : Berenberg raises target price to $93 from $86
* Ametek Inc : Stephens cuts target price to $92 from $94
* Anaptysbio Inc : Credit Suisse raises target price to $16 from $14
* Apache Corp : Credit Suisse raises target price to $10 from $4
* Aptiv Plc : Deutsche Bank raises target price to $75 from $59
* Arcus Biosciences Inc : Wedbush raises target price to $40 from $26
* Ares Capital Corp : BMO cuts target price by $5 to $16
* Ares Capital Corp : Citigroup raises price target to $15 from $13
* Ares Management Corp : BMO raises target price to $40 from $30
* Ares Management Corp : Credit Suisse raises target price to $40 from $38
* Ares Management Corp : Jefferies raises target price to $42 from $39
* Ares Management Corp : KBW raises target price to $45 from $44
* ASGN Inc : Jefferies raises target price to $54 from $31
* Ashland Global Holdings Inc : Deutsche Bank raises target price to $70 from $65
* Ashland Global Holdings Inc. : JP Morgan cuts target price to $62 from $68
* Ashland Global Holdings Inc. : JP Morgan raises to neutral from underweight
* Ashland Global Holdings Inc. : SunTrust Robinson cuts price target to $75 from $87
* Aspen Technology Inc : Benchmark cuts target price to $130
* Aspen Technology Inc : Keybanc raises target price to $120 from $110
* Assetmark Financial Holdings Inc : BMO cuts target price to $23 from $26
* Assurant Inc : SunTrust Robinson cuts price target to $145 from $155
* Astronics Corp : Canaccord Genuity cuts target price to $10 from $14
* Astronics Corp : SunTrust Robinson cuts price target to $6 from $7
* Atkore International Group Inc : Citigroup raises price target to $26 from $24
* Atlas Corp (British Columbia) : Citigroup cuts price target to $7 from $12
* Avanos Medical Inc : Berenberg raises target price to $33 from $30
* Avanos Medical Inc : Stephens raises target price to $38 from $30
* Axalta Coating Systems Ltd : Citigroup raises price target to $21 from $18
* Axalta Coating Systems Ltd : Credit Suisse cuts target price to $27 from $29
* Axalta Coating Systems Ltd : Jefferies raises target price to $18 from $15
* Axalta Coating Systems Ltd : Keybanc raises target price to $24 from $23
* Axcelis Technologies Inc : D.A. Davidson raises price target to $25 from $20
* Axcella Health Inc : BTIG raises target price to $12 from $10
* Axogen Inc : Canaccord Genuity cuts target price to $12 from $22
* Axogen Inc : Jefferies cuts target price to $21 from $30
* Bank of N.T. Butterfield & Son Ltd : Citigroup raises target to $21 from $15
* Barrett Business Services Inc : Barrington Research raises PT to $52 from $48
* Barrick Gold Corp : Deutsche Bank raises target price to $34 from $25
* Benefitfocus Inc : Piper Sandler cuts target price to $26 from $35
* Bio Rad Laboratories Inc : Citigroup raises price target to $525 from $480
* Bio Rad Laboratories Inc : Jefferies raises target price to $525 from $500
* Biocryst Pharmaceuticals Inc : Jefferies raises price target to $9 from $8
* Biocryst Pharmaceuticals Inc : Piper Sandler raises target price to $10 from $8
* Biotelemetry Inc : Benchmark cuts target price to $52 from $55
* Black Knight Inc : KBW raises target price to $70 from $68
* Black Knight Inc : Stephens raises target price to $88 from $84
* Black Knight Inc : Wedbush raises target price to $70 from $66
* Black Stone Minerals LP : Simmons Energy raises target price to $8 from $5
* Blackbaud Inc : Evercore ISI cuts target price to $48 from $55
* Blucora Inc : Benchmark cuts price target to $25 from $37
* BMC stock Holdings Inc : Stephens raises target price to $25 from $22
* BMC stock Holdings Inc : SunTrust Robinson raises price target to $26 from $22
* BorgWarner Inc : Jefferies raises target price to $33 from $30
* BorgWarner Inc : JP Morgan raises price target to $35 from $32
* BorgWarner Inc : Oppenheimer cuts target price to $44 from $45
* BorgWarner Inc : RBC raises target price to $31 from $29
* Boston Private Financial Holdings Inc : Piper Sandler raises PT to $7 from $6.
- 05/07/2020
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Cerence Announces Second Quarter 2020 Results
- Second Quarter Highlights First-half of fiscal year bookings reach a record of $533M exceeding FY2019 full year bookings Record quarterly GAAP revenue at $86.5M increased.
- 05/07/2020
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Gesture Recognition and Touchless Sensing Market Size Analysis and Outlook to 2026 - COVID-19 Impact, Potential Opportunities, Companies and Forecasts - ResearchAndMarkets.com
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Women wanted: Why now could be a good time for women to pursue a career in AI
- AI is on the rise during the coronavirus pandemic, but more women are needed to get the industry where it needs to be, according to a new IBM report.
- 05/06/2020
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Cerence to Announce Fiscal Second Quarter Results on May 7, 2020
- Cerence Inc. (CRNC), AI for a world in motion, will announce its second quarter, fiscal year 2020 financial results for the quarter ended March 31, 2020, on Thursday, May 7, 2020, at 7:00 a.m. EDT / 4:00 a.m. PDT.
- 04/29/2020
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Bean Tech Chooses Cerence ARK to Deliver AI-Driven In-Car Experience to Great Wall Motors
- Cerence Inc. (CRNC), AI for a world in motion, today announced that Bean Tech, a strategic partner of Great Wall Motors, will deploy Cerence ARK (AI Reference Kit) to build AI-powered automotive assistants for the Chinese automotive group. Cerence ARK is a turkey automotive solution that packages the company’s state-of-the-art AI-powered voice assistant features, including wake-up word, automatic speech recognition, speech signal enhancement, natural language understanding, and text to speech, and offers them in an open, flexible and fast architecture with minimal development and deployment time.
- 04/08/2020
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Afternoon Market Stats in 5 Minutes
- Movers Indices • S&P 500 ETF (NYSE:SPY) fell 3.16% to $249.22.• Nasdaq ETF (NASDAQ:QQQ) decreased 2.27% to $186.07.• Dow Jones Industrial Average ETF (NYSE:DIA) fell 2.92% to $212.74.• FTSE/Xinhua China 25 ETF (NYSE:FXI) decreased 2.43% to $36.66.• FTSE Europe ETF (NYSE:VGK) decreased 3.17% to $41.91
- 04/01/2020
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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.
- 03/17/2020
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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.
- 03/12/2020
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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.
- 03/10/2020
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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.”
- 03/04/2020
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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.
- 02/24/2020
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Analysts Offer Insights on Technology Companies: Yelp (YELP), Blucora (BCOR) and Cerence (CRNC)
- Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Yelp (YELP), Blucora (BCOR) and Cerence (CRNC). Yelp
- 02/19/2020
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Analysts Offer Insights on Technology Companies: Yelp (NYSE: YELP), Blucora (NASDAQ: BCOR) and Cerence (NASDAQ: CRNC)
- Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Yelp (YELP –
- 02/19/2020
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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.
- 02/18/2020
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Stocks To Watch: All Eyes On Walmart
- Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive th
- 02/15/2020
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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.
- 02/11/2020
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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.
- 02/04/2020
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19 Software—Application Stocks Moving In Wednesday's Session
- Gainers
• OneConnect Financial Tech, Inc. (NYSE:OCFT) shares moved upwards by 9.3% to $15.28 during Wednesday's regular session. The most recent rating by Bank of America...
- 01/22/2020
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Want to Generate your own Music using Deep Learning? Here's a Guide to do just that!
- Overview Learn how to develop an end-to-end model for Automatic Music Generation Understand the WaveNet architecture and implement it from scratch using Keras Compare the performance of WaveNet versus Long Short Term Memory for building an Automatic Music Generation model Introduction “If I were not a physicist, I would
- 01/21/2020
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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.
- 01/16/2020
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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.
- 01/14/2020
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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.
- 01/07/2020
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StradVision Raises $27M in Series B Funding | FinSMEs
- StradVision, a Seoul, South Korea-based developer of vision processing technology for Autonomous Vehicles, raised $27m in Series B funding
- 12/20/2019
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Porsche Explores Blockchain Deployment for Driverless Cars | Fintech Schweiz Digital Finance News - FintechNewsCH
- Porsche is currently testing blockchain applications directly in vehicles and explore blockchain for driverless cars with Berlin-based startup Xain
- 04/16/2019
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Top Bitcoin and Blockchain Conferences in Autumn 2019
- If you want to learn more about cryptocurrencies and blockchain and how they help the community to move forward, we have a list of events for you. Top venues are waiting for you.
- 04/05/2019
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15 Trending Data Science GitHub Repositories you can not miss in 2017
- Introduction GitHub is much more than a software versioning tool, which it was originally meant to be. Now people from different backgrounds and not just software engineers are using it to share their tools / libraries they developed on their own, or even share resources that might be helpful for the community. Following the
- 12/18/2017
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