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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Cerence Inc.    CRNC

CERENCE INC.

(CRNC)
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Cerence Inc. : Close to new upside potential

07/02/2020 | 07:22am EST
long trade
Target price hit
Entry price : 41.68$ | Target : 49$ | Stop-loss : 34$ | Potential : 17.56%
Cerence Inc. is close to a major resistance level, whereby the breach of this level could be considered as a buy signal. This reflects our preferred scenario in light of the stock's current technical chart pattern.
Investors have an opportunity to buy the stock and target the $ 49.
Cerence Inc. : Cerence Inc. : Close to new upside potential
Summary
  • In a short-term perspective, the company has interesting fundamentals.

Strengths
  • For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
  • For the past twelve months, EPS forecast has been revised upwards.
  • For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
  • Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

Weaknesses
  • The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
  • The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
  • Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
  • For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.

© MarketScreener.com 2020

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (USD)
Sales 2021 377 M - -
Net income 2021 26,1 M - -
Net Debt 2021 94,4 M - -
P/E ratio 2021 188x
Yield 2021 -
Capitalization 4 484 M 4 484 M -
EV / Sales 2021 12,2x
EV / Sales 2022 10,4x
Nbr of Employees 1 500
Free-Float 99,4%
Upcoming event on CERENCE INC.
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 106,70 $
Last Close Price 119,00 $
Spread / Highest target 9,24%
Spread / Average Target -10,3%
Spread / Lowest Target -32,8%
EPS Revisions
Managers and Directors
NameTitle
Sanjay Dhawan Chief Executive Officer & Director
Arun Sarin Chairman
Mark J. Gallenberger Chief Financial Officer & Executive Vice President
Prateek Kathpal Chief Technology Officer
Bridget Collins Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
CERENCE INC.18.43%4 484
MICROSOFT CORPORATION3.20%1 756 530
SEA LIMITED9.13%111 037
ZOOM VIDEO COMMUNICATIONS, INC.10.99%109 280
ATLASSIAN CORPORATION PLC-4.27%55 791
DASSAULT SYSTÈMES SE2.14%53 956