Cerence Inc Stock Price, News & Analysis

Cerence Inc. (NASDAQ: CRNC) announced its ongoing collaboration with Audi to enhance the in-car assistant platform for the new Audi e-tron GT and Q4 e-tron. This partnership emphasizes voice-powered access to crucial features such as navigation and media control, showcasing the growing importance of the in-car experience in next-gen electric vehicles. The voice assistant, activated by "Hey, Audi," utilizes advanced speech recognition and natural language processing to facilitate a more intuitive interaction. Cerence aims to redefine electric mobility experiences through this innovative technology.

Cerence (NASDAQ: CRNC) will present at the Evercore ISI Autotech & AI Forum on September 21, 2021, at 2:00 p.m. Eastern Time. The presentation will feature CFO Mark Gallenberger and Vice President of Investor Relations Rich Yerganian in a fireside chat format. Investors can access the event via webcast through the company's website under the 'Events' section. A replay will also be available post-event. Cerence is a leader in creating connected mobility experiences, with over 400 million cars equipped with their technology.

Cerence (NASDAQ: CRNC) has announced its participation in the Jefferies Virtual Software Conference on September 14, 2021, at 11:00 a.m. ET. The event will feature a fireside chat with CEO Sanjay Dhawan and CFO Mark Gallenberger. Interested parties can access the live webcast through the 'Events' tab in the 'Investors' section of Cerence's website, where a replay will also be available post-event. Cerence is a leader in creating advanced mobility experiences, serving top automakers and integrating digital life with transportation.

Cerence Inc. (NASDAQ: CRNC) recently announced its participation in two upcoming conferences. The first is the Cowen 14th Annual Global Transportation & Sustainable Mobility Conference on September 9, 2021, at 10:40 a.m. ET, followed by the 2021 RBC Capital Markets Global Industrials Virtual Conference on September 10, 2021, at 8:40 a.m. ET. Both events will feature a fireside chat with CEO Sanjay Dhawan and CFO Mark Gallenberger. Investors can access the webcasts on Cerence's website, with replays available afterward.

Cerence Inc. (NASDAQ: CRNC) announced its participation in the Raymond James 2021 Diversified Industrials Conference on August 24, 2021, at 12:00 p.m. Eastern Time. The event will feature a fireside chat with CEO Sanjay Dhawan and CFO Mark Gallenberger. Attendees can access the live webcast through the company's website under the 'Events & Resources' tab. A replay will also be available post-event. Cerence is a leader in creating advanced mobility experiences, having shipped nearly 400 million cars with its technology.

Cerence Inc. reported a robust 29% year-over-year revenue growth for Q3 FY21, achieving $96.8M in GAAP revenue. The company surpassed its quarterly guidance on key profitability metrics and raised its FY24 revenue target from $600M to $700M. Key performance indicators show Cerence holds 53% of worldwide auto production with its technology and an impressive 6.8-year average contract duration. Strategic collaborations were announced with Sirius XM, Visteon, and Harman, boosting growth potential. The Q4 FY21 revenue guidance is set between $97M and $101M, reflecting a 6% to 11% increase compared to last year.

Cerence Inc. (NASDAQ: CRNC) reported a quarterly record in Q3 2021, marking the start-of-production (SOP) for its automotive technologies in 61 new car models from 16 global automakers. This achievement involves 32 renowned brands, including BMW, Ford, and Toyota, showcasing the rising adoption of Cerence's conversational AI solutions. CEO Sanjay Dhawan highlighted the company's growth and momentum in developing intuitive in-car assistant experiences for a global market, enhancing the driving experience for consumers.

Cerence Inc. (NASDAQ: CRNC) will announce its third quarter fiscal results for 2021 on August 9, 2021, at 7:00 a.m. EDT. The company will host a live conference call and webcast at 10:00 a.m. EDT to discuss the results. Interested investors can participate by dialing specific numbers or accessing the webcast via their Investor Information section on the company's website. A teleconference replay will be available until August 16, 2021. Cerence is recognized as a leader in connected mobility with a history spanning over 20 years and nearly 400 million vehicles using its technology.

Cerence (NASDAQ: CRNC) has partnered with HARMAN to integrate voice-enabled applications within the HARMAN Ignite Store. This collaboration aims to enhance drivers' experiences by offering hands-free access to a wide range of services. Utilizing Cerence's advanced voice recognition and natural language processing, automakers can provide features such as navigation and car control. The initiative emphasizes the growing importance of voice technology in automotive environments, creating new business models and revenue streams for automakers through ongoing improvements.