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    CRNC   US1567271093

CERENCE INC.

(CRNC)
  Report
Delayed Nasdaq  -  01:00 2022-11-25 pm EST
16.26 USD   -1.99%
11/16Cerence to Announce Fourth Quarter and Fiscal Year 2022 Results and Host an Investor Day on November 29
AQ
11/15Wells Fargo Lowers Price Target on Cerence to $25 From $48, Maintains Overweight Rating
MT
11/01Automotive Technology Sales Leader Bob Ligon Named Chief Revenue Officer at Cerence
AQ
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Cerence Inc. Teams with NVIDIA to Advance the Connected, Digital Automotive Cockpit

09/20/2022 | 12:45pm EST

Cerence Inc.  announced in conjunction with NVIDIA GTC 2022 that its Cerence Assistant conversational AI-powered in-car assistant is now supported on the NVIDIA DRIVE platform and uses the open and scalable DRIVE IX cockpit software stack. Cerence, in collaboration with NVIDIA, aims to deliver next-generation, multi-modal automotive cockpit experiences that will be core to the connected and autonomous car of the future. Cerence Assistant brings the best of Cerence's industry-leading AI, voice and multi-modal innovations like NVIDIA DRIVE IX gesture and gaze detection together to deliver an out-of-the-box, in-car assistant that is integrated with and optimized for the DRIVE platform.

Cerence Assistant leverages sensor data to best serve drivers throughout their daily journeys, for example, with low-fuel or charge notifications and subsequent navigation recommendations to the nearest gas or charging station. Cerence Assistant features robust speech recognition, natural language understanding and text-to-speech capabilities – all with global language coverage. It also offers multi-modal capabilities that enable voice to be combined with the NVIDIA DRIVE IX gesture and gaze detection features to further enhance the driver experience, serving as a true co-pilot in the cockpit.

Offered in a hybrid embedded/cloud architecture, Cerence Assistant ensures drivers have access to important capabilities regardless of connectivity. NVIDIA DRIVE IX empowers automakers and autonomous vehicle developers to build critical vehicle interaction capabilities based on vision, voice, and graphics user experience. With Cerence Assistant now supported on the NVIDIA DRIVE platform, automakers and tier-one suppliers can easily deploy best-in-class in-car experiences that leverage the power of AI and connectivity to enhance driver safety, comfort, and productivity.

Cerence plans to further integrate its offerings with NVIDIA technology to deliver enhanced multi-modal interaction capabilities that bring the power of vision and voice together. This will enable drivers to simply look at a building and ask the in-car assistant for information, creating a faster and more productive way of gaining necessary information while on the road.


ę S&P Capital IQ 2022
Stocks mentioned in the article
ChangeLast1st jan.
CERENCE INC. -1.99% 16.26 Delayed Quote.-78.78%
NVIDIA CORPORATION -1.51% 162.7 Delayed Quote.-44.68%
All news about CERENCE INC.
11/16Cerence to Announce Fourth Quarter and Fiscal Year 2022 Results and Host an Investor Da..
AQ
11/15Wells Fargo Lowers Price Target on Cerence to $25 From $48, Maintains Overweight Rating
MT
11/01Automotive Technology Sales Leader Bob Ligon Named Chief Revenue Officer at Cerence
AQ
11/01Cerence Inc. Names Bob Ligon as Chief Revenue Officer
CI
10/27Cerence Inc. Appoints Nils Schanz as Chief Product Officer
CI
10/27Automotive Industry Leader and AI Luminary Nils Schanz Named Chief Product Officer at C..
AQ
10/20Infineon leverages Cerence Emergency Vehicle Detection to enable 'the hearing car' with..
AQ
10/17Cerence to Develop Artificial Intelligence-Based Co-Pilot for Renault Group Electric Ve..
MT
10/17Renault and Cerence sign multi-year agreement to create next-gen, humanized co-pilot fo..
AQ
10/17Renault and Cerence Sign Multi-Year Agreement to Build the Automaker’s Next-Genera..
CI
More news
Analyst Recommendations on CERENCE INC.
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Financials (USD)
Sales 2022 326 M - -
Net income 2022 -88,7 M - -
Net Debt 2022 162 M - -
P/E ratio 2022 -7,08x
Yield 2022 -
Capitalization 640 M 640 M -
EV / Sales 2022 2,46x
EV / Sales 2023 2,78x
Nbr of Employees 1 700
Free-Float 98,2%
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Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 16,26 $
Average target price 23,80 $
Spread / Average Target 46,4%
EPS Revisions
Managers and Directors
Stefan Ortmanns President, Chief Executive Officer & Director
Thomas L. Beaudoin Chief Financial Officer, Director & Executive VP
Arun Sarin Chairman
Prateek Kathpal Chief Technology Officer
Bridget Collins Chief Information Officer
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