Stock CRNC CERENCE INC.
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Company Cerence Inc.

Equities

CRNC

US1567271093

Software

Market Closed - Nasdaq
Other stock markets
 21:00:00 26/06/2024 BST 		5-day change 1st Jan Change
2.84 USD +8.40% Intraday chart for Cerence Inc. -2.41% -85.55%
06-24 Volkswagen: first models equipped with AI from Cerence CF
06-24 Cerence Inc.(NasdaqGS:CRNC) dropped from S&P Software & Services Select Industry Index 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 30/09/19
Jennifer Salinas ADM
 Chief Administrative Officer - 03/04/22
Iqbal Arshad CTO
 Chief Tech/Sci/R&D Officer 52 01/05/23
Thomas Beaudoin BRD
 Director/Board Member 70 30/09/19
Richard Yerganian IRC
 Investor Relations Contact - -
Christian Mentz PRN
 Corporate Officer/Principal - 04/09/23
Nils Schanz PRN
 Corporate Officer/Principal - 26/10/22
Christophe Couvreur PRN
 Corporate Officer/Principal - 31/12/21
Sachin Sahney HRO
 Human Resources Officer - -
Udo Haiber PRN
 Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Sanjay Jha BRD
 Director/Board Member 60 30/09/19
Al Nietzel BRD
 Director/Board Member 62 30/09/19
Arun Sarin CHM
 Chairman 68 30/09/19
Thomas Beaudoin BRD
 Director/Board Member 70 30/09/19
Kristi Matus BRD
 Director/Board Member 56 31/08/19
Marianne Budnik BRD
 Director/Board Member 55 30/09/19
Marcy Klevorn BRD
 Director/Board Member 63 31/05/23
Douglas Davis BRD
 Director/Board Member 62 02/05/22
Stefan Ortmanns CEO
 Chief Executive Officer 60 30/09/19

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 41,777,242 40,891,086 ( 97.88 %) 0 97.88 %

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
15.89 %
6,637,076 15.89 % 23 M $
Vanguard Fiduciary Trust Co.
12.76 %
5,330,028 12.76 % 18 M $
Van Berkom & Associates, Inc.
9.250 %
3,864,545 9.250 % 13 M $
Ameriprise Financial Services LLC
8.425 %
3,519,844 8.425 % 12 M $
Cooper Creek Partners Management LLC
5.964 %
2,491,541 5.964 % 9 M $
STATE STREET CORPORATION
4.326 %
1,807,385 4.326 % 6 M $
Paradigm Capital Management, Inc.
4.150 %
1,733,888 4.150 % 6 M $
American Capital Management, Inc.
3.628 %
1,515,826 3.628 % 5 M $
DFA Australia Ltd.
3.086 %
1,289,285 3.086 % 4 M $
The Great-West Life Assurance Co.
2.671 %
1,115,726 2.671 % 4 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
HOLD
Number of Analysts
8
Last Close Price
2.84 USD
Average target price
8.083 USD
Spread / Average Target
+184.62%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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