Stock CRNC CERENCE INC.
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Company Cerence Inc.

Equities

CRNC

US1567271093

Software

Market Closed - Nasdaq
Other stock markets
 04:00:00 2024-04-24 pm EDT 		5-day change 1st Jan Change
10.05 USD +2.97% Intraday chart for Cerence Inc. -6.42% -48.88%
Apr. 17 Baird Adjusts Price Target on Cerence to $15 From $17, Maintains Neutral Rating MT
Apr. 15 Cerence Inc. Enters into Amendment No. 3 to Credit Agreement CI

Business Summary

Cerence Inc. is a provider of artificial intelligence (AI)-powered assistants for connected and autonomous vehicles. The Company is engaged in selling software licenses and cloud-connected services. Its software platform is used to build virtual assistants that can communicate, find information and take action across an expanding variety of categories. Its software platform has a hybrid architecture combining edge software components with cloud-connected components. Its Edge software components are installed on a vehicle’s head unit and can operate without access to external networks and information. Its Cloud-connected components are comprised of certain speech and natural language understanding related technologies, AI-enabled personalization and context-based response frameworks, and a content integration platform. It delivers its solutions on a white-label basis, enabling its customers to deliver customized virtual assistants with branded personalities.

Number of employees: 1,700

Sales per Business

USD in Million2022Weight2023Weight Delta
License
49.3 %
159 48.4 % 145 49.3 % -8.48%
Connected Services
25.5 %
86 26.1 % 75 25.5 % -12.27%
Professional Services
25.2 %
84 25.5 % 74 25.2 % -11.31%

Sales per region

USD in Million2022Weight2023Weight Delta
Germany
29.6 %
75 22.7 % 87 29.6 % +16.98%
United States
29.6 %
101 30.7 % 87 29.6 % -13.37%
Other Asia-Pacific
21.8 %
63 19.1 % 64 21.8 % +2.48%
Japan
13.6 %
74 22.7 % 40 13.6 % -46.13%
Other Europe, Middle East and Africa
5.3 %
16 4.8 % 16 5.3 % +0.15%
Other Americas
0.1 %
0 0.0 % 0 0.1 % +146.46%

Managers

Managers TitleAgeSince
Stefan Ortmanns CEO
 Chief Executive Officer 60 19-09-30
Iqbal Arshad CTO
 Chief Tech/Sci/R&D Officer 52 23-05-01
Thomas Beaudoin BRD
 Director/Board Member 70 19-09-30
Richard Yerganian IRC
 Investor Relations Contact - -
Christian Mentz PRN
 Corporate Officer/Principal - 23-09-04
Nils Schanz PRN
 Corporate Officer/Principal - 22-10-26
Christophe Couvreur PRN
 Corporate Officer/Principal - 21-12-31
Sachin Sahney HRO
 Human Resources Officer - -
Jennifer Salinas LAW
 General Counsel - 22-04-03
Udo Haiber PRN
 Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Sanjay Jha BRD
 Director/Board Member 60 19-09-30
Al Nietzel BRD
 Director/Board Member 62 19-09-30
Arun Sarin CHM
 Chairman 68 19-09-30
Thomas Beaudoin BRD
 Director/Board Member 70 19-09-30
Kristi Matus BRD
 Director/Board Member 55 19-08-31
Marianne Budnik BRD
 Director/Board Member 55 19-09-30
Marcy Klevorn BRD
 Director/Board Member 63 23-05-31
Douglas Davis BRD
 Director/Board Member 62 22-05-02
Stefan Ortmanns CEO
 Chief Executive Officer 60 19-09-30

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 41,674,637 40,892,596 ( 98.12 %) 0 98.12 %

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
15.63 %
6,512,188 15.63 % 103 M $
Vanguard Fiduciary Trust Co.
12.47 %
5,198,349 12.47 % 82 M $
AMERIPRISE FINANCIAL, INC.
9.701 %
4,042,923 9.701 % 64 M $
Van Berkom & Associates, Inc.
9.483 %
3,951,909 9.483 % 62 M $
Ameriprise Financial Services LLC
7.801 %
3,251,034 7.801 % 51 M $
Invesco Advisers, Inc.
4.126 %
1,719,603 4.126 % 27 M $
STATE STREET CORPORATION
4.119 %
1,716,422 4.119 % 27 M $
Dimensional Fund Advisors LP
3.276 %
1,365,282 3.276 % 22 M $
American Capital Management, Inc.
3.016 %
1,256,779 3.016 % 20 M $
Geode Capital Management LLC
2.133 %
888,835 2.133 % 14 M $

Company contact information

Cerence, Inc.

1 Burlington Woods Drive Suite 301A

01803, Burlington

+857 362 7300

http://www.cerence.com
address Cerence Inc.(CRNC)

Group companies

NameCategory and Sector
Cerence GmbH
Logo Cerence GmbH

Cerence GmbH

Specialty TelecommunicationsCommunications

Cerence GmbH develops mobile communication applications. It offers Livemedia, a visual voice mail that enables retrieval, storage, upload, and forwarding of audio voicemail files via one single user interface. The firm's clients include mobile operators, handset manufacturers and media companies. The company was founded in by Thomas Kähler and Frank Bell 2001 and is headquartered in Cologne, Germany.

Specialty Telecommunications
Cerence Operating Co.
Cerence BV

Sector

Technology
Software & IT Services
Software & IT Services
Software
Other Software

Sales per Business

Sales per region

Ratings for Cerence Inc.

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
10.05 USD
Average target price
21.5 USD
Spread / Average Target
+113.93%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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