CRNC - Cerence Inc Stock Price, Fair Value and News

10.35USD-0.39 (-3.63%)Delayed

Market Summary

USD10.35-0.39

Delayed

-3.63%

CRNC Alerts

1 major insider sales recently.

CRNC Stock Price

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CRNC RSI Chart

CRNC Valuation

Market Cap

431.3M

Price/Earnings (Trailing)

-14.26

Price/Sales (Trailing)

1.24

EV/EBITDA

11.98

Price/Free Cashflow

301.84

CRNC Price/Sales (Trailing)

CRNC Profitability

EBT Margin

6.51%

Return on Equity

-4.14%

Return on Assets

-2.39%

Free Cashflow Yield

0.33%

CRNC Fundamentals

CRNC Revenue

Revenue (TTM)

349.2M

Rev. Growth (Yr)

65.36%

Rev. Growth (Qtr)

71.28%

CRNC Earnings

Earnings (TTM)

-30.2M

Earnings Growth (Yr)

1.2K%

Earnings Growth (Qtr)

306.52%

Breaking Down CRNC Revenue

Last 7 days

-24.2%

Last 30 days

-28.2%

Last 90 days

-46.7%

Trailing 12 Months

-60.9%

How does CRNC drawdown profile look like?

CRNC Financial Health

Current Ratio

1.9

Debt/Equity

0.38

Debt/Cashflow

0.02

CRNC Investor Care

Shares Dilution (1Y)

3.60%

Diluted EPS (TTM)

-0.82

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	299.2M	271.9M	294.5M	349.2M
2022	375.6M	367.8M	327.9M	317.1M
2021	358.4M	380.0M	387.2M	388.0M
2020	325.1M	322.7M	330.6M	346.5M
2019	290.1M	296.7M	303.3M	308.5M
2018	0	0	277.0M	283.6M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Cerence Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	beaudoin thomas l	sold	-76,744	15.3489	-5,000	-
Mar 22, 2024	ortmanns stefan	sold	-228,043	14.8186	-15,389	chief executive officer
Mar 21, 2024	beaudoin thomas l	sold	-74,926	14.9852	-5,000	-
Mar 18, 2024	tempesta daniel david	acquired	3,077	0.01	307,797	cfo
Mar 14, 2024	ortmanns stefan	sold	-315,985	14.734	-21,446	chief executive officer
Feb 15, 2024	sarin arun	acquired	71.96	0.01	7,196	-
Feb 15, 2024	matus kristi ann	acquired	71.96	0.01	7,196	-
Feb 15, 2024	budnik marianne	acquired	71.96	0.01	7,196	-
Feb 15, 2024	nietzel alfred a	acquired	71.96	0.01	7,196	-
Feb 15, 2024	jha sanjay k	acquired	71.96	0.01	7,196	-

Which funds bought or sold CRNC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 17, 2024	Fox Hill Wealth Management	unchanged	-	409	19,402	0.01%
Apr 16, 2024	Asset Dedication, LLC	unchanged	-	-2,000	8,000	-%
Apr 15, 2024	Sound Income Strategies, LLC	reduced	-66.77	-4,559	1,654	-%
Apr 12, 2024	AdvisorNet Financial, Inc	sold off	-100	-786	-	-%
Apr 11, 2024	Signature Resources Capital Management, LLC	unchanged	-	-	1,376	-%
Apr 11, 2024	SALEM INVESTMENT COUNSELORS INC	unchanged	-	-3,539	14,254	-%
Apr 10, 2024	Clearview Wealth Advisors LLC	sold off	-100	-346,291	-	-%
Apr 10, 2024	CVA Family Office, LLC	unchanged	-	-23.00	95.00	-%
Apr 09, 2024	MASSMUTUAL TRUST CO FSB/ADV	added	41.18	44.00	378	-%
Apr 09, 2024	MATHER GROUP, LLC.	new	-	1,062	1,062	-%

Are Funds Buying or Selling CRNC?

Are funds buying CRNC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CRNC

No. of Funds

CRNC Alerts

1 major insider sales recently.

Unveiling Cerence Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	ameriprise financial inc	7.90%	3,251,034	SC 13G/A
Feb 13, 2024	vanguard group inc	12.64%	5,198,312	SC 13G/A
Feb 12, 2024	cooper creek partners management llc	0.00%	0	SC 13G/A
Feb 12, 2024	cooper creek partners management llc	0.00%	0	SC 13G/A
Jan 22, 2024	blackrock inc.	16.7%	6,849,828	SC 13G/A
Jun 12, 2023	ameriprise financial inc	10.03%	4,042,923	SC 13G/A
Feb 14, 2023	ameriprise financial inc	7.50%	2,994,550	SC 13G/A
Feb 14, 2023	vulcan value partners, llc	2.07%	828,025	SC 13G/A
Feb 13, 2023	cooper creek partners management llc	5.12%	2,047,642	SC 13G
Feb 10, 2023	clearbridge investments, llc	02%	6,566	SC 13G/A

Recent SEC filings of Cerence Inc

View All Filings

Date Filed	Form Type	Document
Apr 15, 2024	8-K	Current Report
Apr 02, 2024	4	Insider Trading
Apr 01, 2024	144	Notice of Insider Sale Intent
Mar 25, 2024	4	Insider Trading
Mar 22, 2024	144	Notice of Insider Sale Intent
Mar 22, 2024	4	Insider Trading
Mar 21, 2024	144	Notice of Insider Sale Intent
Mar 19, 2024	4	Insider Trading
Mar 18, 2024	3	Insider Trading
Mar 15, 2024	4	Insider Trading

Peers (Alternatives to Cerence Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CRM	263.8B	34.9B	-9.80%	36.69%	63.77	7.57	11.18%	1888.46%
UBER	148.0B	37.3B	-7.52%	122.47%	78.44	3.97	16.95%	120.64%
ADSK	45.0B	5.3B	-17.81%	7.12%	49.12	8.43	9.15%	48.14%
ANSS	28.2B	2.3B	-5.25%	-	56.41	12.44	9.90%	-4.45%
ZM	18.0B	4.5B	-9.92%	-11.54%	28.27	3.98	3.06%	514.65%
MID-CAP
APPF	7.6B	620.4M	-4.94%	61.02%	2.8K	12.2	31.48%	103.97%
LYFT	6.4B	4.4B	-8.15%	62.41%	-18.89	1.46	7.53%	78.52%
AYX	3.4B	970.0M	0.90%	-15.87%	-19.13	3.53	13.46%	43.89%
ALRM	3.2B	881.7M	-11.98%	32.17%	39.97	3.64	4.64%	44.42%
AI	2.5B	296.4M	-26.16%	-8.01%	-9.26	8.49	11.14%	-3.59%
AGYS	2.2B	228.1M	4.95%	-1.09%	25.61	9.8	18.99%	599.09%
SMALL-CAP
AVID	1.2B	413.5M	0.63%	-1.64%	92.02	2.88	-1.65%	-71.35%
APPS	194.9M	572.4M	-32.62%	-84.88%	-0.98	0.34	-19.38%	-489.49%
ASUR	177.4M	119.1M	-16.08%	-58.24%	-19.26	1.49	24.27%	36.31%
AEYE	152.2M	31.3M	37.51%	98.33%	-25.91	4.86	4.69%	43.72%

Cerence Inc News

Latest updates

Cerence Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	71.3%	138	81.00	62.00	68.00	84.00	58.00	89.00	86.00	94.00	98.00	97.00	99.00	94.00	91.00	75.00	87.00	78.00	83.00	78.00	70.00	72.00
Gross Profit	94.0%	112	58.00	41.00	43.00	57.00	34.00	65.00	62.00	70.00	74.00	73.00	72.00	67.00	65.00	48.00	58.00	52.00	56.00	54.00	46.00	48.00
Operating Expenses	-0.8%	53.00	54.00	49.00	64.00	59.00	263	49.00	56.00	47.00	63.00	58.00	55.00	49.00	49.00	52.00	46.00	54.00	51.00	51.00	46.00	45.00
S&GA Expenses	3.8%	6.00	6.00	4.00	8.00	9.00	9.00	8.00	8.00	6.00	11.00	10.00	10.00	9.00	9.00	9.00	8.00	8.00	9.00	8.00	10.00	9.00
R&D Expenses	-5.2%	33.00	35.00	30.00	28.00	29.00	25.00	26.00	30.00	26.00	29.00	30.00	29.00	24.00	22.00	22.00	21.00	24.00	24.00	23.00	23.00	24.00
EBITDA Margin	869.4%	0.15*	-0.02*	-0.87*	-0.70*	-0.58*	-0.49*	0.22*	0.22*	0.26*	0.24*	0.25*	0.15*	-	-	-	-	-	-	-	-	-
Interest Expenses	3.3%	3.00	3.00	4.00	4.00	4.00	4.00	4.00	3.00	3.00	3.00	3.00	3.00	4.00	4.00	6.00	7.00	7.00	-	-	-	-
Income Taxes	188.6%	34.00	12.00	3.00	4.00	1.00	-2.66	111	3.00	0.00	-0.49	6.00	6.00	-9.41	1.00	-2.21	-6.71	3.00	-90.94	1.00	-0.02	1.00
Earnings Before Taxes	16720.2%	58.00	0.00	-13.44	-22.38	-0.91	-232	12.00	3.00	19.00	8.00	12.00	17.00	12.00	10.00	-30.26	6.00	-8.51	5.00	3.00	0.00	3.00
EBT Margin	152.7%	0.07*	-0.12*	-0.99*	-0.82*	-0.69*	-0.61*	0.11*	0.11*	0.14*	0.12*	0.13*	0.02*	-	-	-	-	-	-	-	-	-
Net Income	306.5%	24.00	-11.55	-16.45	-26.09	-2.16	-230	-99.27	-0.48	19.00	8.00	6.00	11.00	21.00	7.00	-28.05	13.00	-11.28	96.00	2.00	0.00	2.00
Net Income Margin	54.7%	-0.09*	-0.19*	-1.01*	-1.20*	-1.05*	-0.95*	-0.20*	0.09*	0.11*	0.12*	0.12*	0.03*	-	-	-	-	-	-	-	-	-
Free Cashflow	-138.5%	-3.75	10.00	-9.72	5.00	-2.80	-7.98	-8.36	-3.98	1.00	19.00	21.00	13.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																		(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3
Assets	-2.5%	1,265	1,298	1,312	1,335	1,348	1,318	1,577	1,703	1,692	1,706	1,709	1,690	1,701	1,688	1,669	1,653	1,662	1,484
Current Assets	1.2%	228	226	219	232	242	228	255	266	281	287	272	254	239	250	236	223	221	92.00
Cash Equivalents	-2.4%	99.00	101	86.00	95.00	91.00	95.00	108	112	117	128	121	120	110	136	133	96.00	113	-
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28.00	26.00	24.00	20.00
Goodwill	0.7%	906	900	905	904	902	891	1,115	1,124	1,126	1,129	1,133	1,131	1,136	1,128	1,122	1,118	1,123	1,119
Liabilities	-11.4%	534	603	609	626	628	606	627	646	643	674	687	687	708	728	730	717	736	416
Current Liabilities	-19.0%	120	148	168	166	165	147	154	156	141	165	169	161	174	199	195	189	194	129
Long Term Debt	0.5%	277	276	255	265	267	259	261	263	265	265	265	266	266	267	267	238	239	-
LT Debt, Current	-	-	-	25.00	13.00	13.00	11.00	9.00	8.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	9.00	9.00	-
LT Debt, Non Current	0.5%	277	276	255	265	267	259	261	263	265	265	265	266	266	267	267	238	239	-
Shareholder's Equity	5.2%	731	695	703	709	720	713	950	1,056	1,050	1,032	1,022	1,003	996	960	940	937	927	1,068
Retained Earnings	7.2%	-309	-333	-322	-305	-279	-283	-53.12	46.00	47.00	28.00	20.00	14.00	1.00	-18.32	-27.45	1.00	-11.76	-
Additional Paid-In Capital	0.8%	1,064	1,056	1,049	1,038	1,023	1,030	1,024	1,019	1,006	1,002	992	984	974	974	974	950	945	-
Shares Outstanding	2.0%	41.00	40.00	40.00	40.00	40.00	39.00	39.00	39.00	39.00	38.00	38.00	38.00	-	-	-	-	-	-
Float	-	-	-	-	1,100	-	-	-	1,400	-	-	-	3,400	-	-	-	561	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-125.0%	-2,815	11,258	-8,197	6,555	-2,118	-4,953	-3,928	1,598	5,145	23,321	24,059	16,200	10,809	26,212	19,312	-10,191	9,456	19,412	26,408	25,551	16,700
Share Based Compensation	-6.5%	8,380	8,965	6,974	12,355	12,472	5,056	6,253	10,926	5,841	18,376	14,710	14,144	13,325	14,331	17,425	6,560	8,969	8,487	7,828	6,793	6,574
Cashflow From Investing	-85.6%	1,189	8,266	-4,672	709	1,517	-7,148	2,548	-4,227	-1,738	-6,915	-20,869	-5,120	-8,727	-14,600	-5,930	-6,533	-3,612	-1,649	-396	-1,974	-498
Cashflow From Financing	97.0%	-130	-4,308	4,417	-2,392	-3,051	-1,611	-1,659	-2,184	-14,152	-8,563	-1,903	-2,260	-28,779	-8,678	23,855	-1,024	107,400	-17,763	-26,012	-23,577	-16,202
Buy Backs	10248.3%	6,209	60.00	404	1,787	2,643	1,043	1,537	1,850	44,573	11,680	1,889	1,942	30,258	7,756	694	778	141	-	-	-	-

CRNC Income Statement

2023-12-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenues:
Total revenues	$ 138,335	$ 83,658
Cost of revenues:
Amortization of intangible assets	103	103
Total cost of revenues	26,335	26,183
Gross profit	112,000	57,475
Operating expenses:
Research and development	33,306	29,494
Sales and marketing	6,071	9,162
General and administrative	12,793	14,257
Amortization of intangible assets	545	2,350
Restructuring and other costs, net	705	4,189
Total operating expenses	53,420	59,452
Income (loss) from operations	58,580	(1,977)
Interest income	1,432	870
Interest expense	(3,236)	(3,514)
Other income (expense), net	1,422	3,713
Income (loss) before income taxes	58,198	(908)
Provision for income taxes	34,341	1,250
Net income (loss)	$ 23,857	$ (2,158)
Net income (loss) per share:
Basic	$ 0.58	$ (0.05)
Diluted	$ 0.53	$ (0.05)
Weighted-average common share outstanding:
Basic	41,186	39,962
Diluted	49,255	39,962
License
Revenues:
Total revenues	$ 20,823	$ 45,417
Cost of revenues:
Total cost of revenues	1,604	1,614
Connected Services
Revenues:
Total revenues	96,820	18,394
Cost of revenues:
Total cost of revenues	7,303	6,542
Professional Services
Revenues:
Total revenues	20,692	19,847
Cost of revenues:
Total cost of revenues	$ 17,325	$ 17,924

CRNC Balance Sheet

2023-12-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023
Current assets:
Cash and cash equivalents	$ 98,736	$ 101,154
Marketable securities	9,784	9,211
Accounts receivable, net of allowances of $4,050 and $4,044	58,693	61,270
Deferred costs	5,568	6,935
Prepaid expenses and other current assets	55,580	47,157
Total current assets	228,361	225,727
Long-term marketable securities	7,755	10,607
Property and equipment, net	32,625	34,013
Deferred costs	19,849	20,299
Operating lease right of use assets	12,347	11,961
Goodwill	906,396	900,342
Intangible assets, net	3,374	3,875
Deferred tax assets	16,607	46,601
Other assets	37,594	44,165
Total assets	1,264,908	1,297,590
Current liabilities:
Accounts payable	19,179	16,873
Deferred revenue	43,392	77,068
Short-term operating lease liabilities	5,676	5,434
Accrued expenses and other current liabilities	51,732	48,718
Total current liabilities	119,979	148,093
Long-term debt, net of discounts and issuance costs	277,419	275,951
Deferred revenue, net of current portion	100,913	145,531
Long-term operating lease liabilities	8,066	7,947
Other liabilities	27,398	25,193
Total liabilities	533,775	602,715
Commitments and contingencies (Note 12)
Stockholders' Equity:
Common stock, $0.01 par value, 560,000 shares authorized; 41,237 and 40,423 shares issued and outstanding, respectively	412	404
Accumulated other comprehensive (loss) income	(23,496)	(27,966)
Additional paid-in capital	1,064,022	1,056,099
Accumulated deficit	(309,805)	(333,662)
Total stockholders' equity	731,133	694,875
Total liabilities and stockholders' equity	$ 1,264,908	$ 1,297,590

About Cerence Inc

Cerence Inc. provides AI powered virtual assistants for the mobility/transportation market worldwide. The company offers edge software components; cloud-connected components and related toolkits and applications; and virtual assistant coexistence and professional services. It also provides conversational artificial intelligence-based solutions, including speech recognition, natural language understanding, speech signal enhancement, text-to-speech, and acoustic modeling technology. Cerence Inc. is headquartered in Burlington, Massachusetts.

CEO	Dr. Stefan Ortmanns
WEBSITE	cerence.com
INDUSTRY	Software - Apps
EMPLOYEES	1700

Cerence Inc Frequently Asked Questions

What is the ticker symbol for Cerence Inc? What does CRNC stand for in stocks?

CRNC is the stock ticker symbol of Cerence Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Cerence Inc (CRNC)?

As of Thu Apr 18 2024, market cap of Cerence Inc is 431.33 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CRNC stock?

You can check CRNC's fair value in chart for subscribers.

What is the fair value of CRNC stock?

You can check CRNC's fair value in chart for subscribers. The fair value of Cerence Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Cerence Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CRNC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Cerence Inc a good stock to buy?

The fair value guage provides a quick view whether CRNC is over valued or under valued. Whether Cerence Inc is cheap or expensive depends on the assumptions which impact Cerence Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CRNC.

What is Cerence Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Apr 18 2024, CRNC's PE ratio (Price to Earnings) is -14.26 and Price to Sales (PS) ratio is 1.24. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CRNC PE ratio will change depending on the future growth rate expectations of investors.