Cerence Stock Surges 15.3% in a Month: Should You Buy the Stock?

Cerence's (CRNC) shares have increased 15.3% in the past month against the Zacks Computer & Technology sector's drop of 1.3% and the Zacks Computers - IT Services sector's rise of 6.3%. The upside can be attributed to Cerence's strong portfolio, expanding clientele and growing global presence in the automotive industry, all supported by a solid network of partners. The positive momentum is reflected in its impressive third-quarter fiscal 2024 financial results. Cerence posted revenues of $70.5 million, up 1 ...