The Latest Breaking News from Cerence

Cerence is an AI-assistant company that over doubled in price after an press release featuring NVIDIA. Is the excitement warranted, or shrouded in hype?

Shares of this company doubled after it snagged an automotive deal with the AI giant.

Several EVs, as well as a couple of combustion models, will get the feature as standard starting in the second quarter of 2024.

The stock market didn't make much progress and posted mixed results on Monday. This beauty stock rallied on expected higher 2024 sales.

 

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Benzinga Pro data, Cerence (NASDAQ:CRNC) reported Q2 sales of $86.28 million. Earnings fell to a loss of $476.00 thousand, resulting in a 102.5% decrease from last quarter.

Within the last quarter, Cerence (NASDAQ:CRNC) has observed the following analyst ratings:

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. Segments: Revenue from License fell 14.8% Y/Y to $46.3 million, Connected services decreased 30.3% Y/Y to $19.3 million, and Professional services rose 24.7% Y/Y…