Cerence Rises 19% in a Month: How Should Investors Play CRNC Stock?

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 ...