BURLINGTON, Mass., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today introduced CaLLM™ Edge, its pioneering, automotive-grade, embedded small language model (SLM). This new SLM is available within the existing Cerence solutions portfolio and will power its next-generation AI assistant platform, enabling an intelligent, seamless user experience regardless of connectivity. Developed and optimized in partnership with Microsoft, CaLLM Edge is available directly to Ce ...

Cerence (CRNC) shares have returned 19.1% in the past month, outperforming the broader Zacks Computer and Technology sector’s appreciation of 3.6% and the Zacks Computers - IT Services industry’s return of 3.4%. The outperformance can be attributed to CRNC’s good position in generative AI (GenAI), an expanding clientele, and a strong partner network. Cerence’s strong portfolio and growing global presence in the automotive industry, all supported by a solid network of partners, have been key catalysts.CRNC’s ...

BURLINGTON, Mass., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (the "Company"), AI for a world in motion, today announced that, in connection with Brian Krzanich's recent appointment as Chief Executive Officer and President effective October 7, 2024, the Company granted Mr. Krzanich an initial equity award with a target aggregate value of $6 million, based on the average closing price of the Company's common stock over the trailing 20 trading days ending on the date of grant. Such award co ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phas ...

BURLINGTON, Mass., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that Brian Krzanich has been appointed Chief Executive Officer and a member of the Board of Directors, effective immediately. Mr. Krzanich succeeds Stefan Ortmanns, who is departing as CEO and resigning as a member of the Board. Mr. Krzanich is a seasoned executive with a track record of success at global public organizations. Most recently from 2018 to 2022, Mr. Krzanich served as CEO ...

Overview of Vanguard's Recent Transaction On September 30, 2024, Vanguard Group Inc executed a significant transaction involving the shares of Cerence Inc (CRNC, Financial), a key player in the software industry. The firm reduced its holdings by 868,183 shares, resulting in a new total of 3,112,214 shares. This move is part of Vanguard's broader investment strategy, reflecting a decrease of 21.81% in their position, with the shares traded at a price of $3.15 each. Insight into Vanguard Group Inc Founded in ...

Cerence (CRNC) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual investors ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, September 19th: Cerence (CRNC) : This company which provides A.I. powered assistants and innovations for connected and autonomous vehicles, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.0% over the last 60 days. Cerence has a price-to-earnings ratio (P/E) of 2.73 compared with 62.70 for the industry. The company possesses a Va ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Cerence (CRNC) : This company which provides A.I. powered assistants and innovations for connected and autonomous vehicles, has seen the Zacks Consensus Estimate for its current year earnings increasing 15.0% over the last 60 day. Ubiquiti (UI) : This company which offers a comprehensive portfolio of networking products and solutions for service providers and enterprises, has seen the Zacks Consensus Estimate for its current year earni ...

Cerence's (CRNC) shares have plunged 87.5% year to date against the broader Zacks Computer & Technology sector's return of 19.4% and the Zacks IT Services industry's rise of 7.7%. The underperformance was due to slowing momentum in the automotive industry along with stiff competition in the automotive Generative AI (GenAI) market, which affected CRNC's top-line growth. However, Cerence is well-positioned to benefit from advancements in GenAI, a growing clientele and a strong partner network. Its collaborati ...