In a report released today, Jeff Van Rhee from Craig-Hallum maintained a Hold rating on Cerence (CRNC – Research Report). The company’s shares closed yesterday at $4.89.
According to TipRanks, Van Rhee is a 4-star analyst with an average return of 8.7% and a 49.32% success rate. Van Rhee covers the Technology sector, focusing on stocks such as Liveperson, Cellebrite DI, and BlackSky Technology.
Currently, the analyst consensus on Cerence is a Hold with an average price target of $7.88.
Based on Cerence’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $67.83 million and a GAAP net loss of $277.98 million. In comparison, last year the company earned a revenue of $68.39 million and had a GAAP net loss of $26.09 million
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Cerence (CRNC) Company Description:
Cerence, Inc. builds automotive cognitive assistance solutions to power natural and intuitive interactions between automobiles, drivers and passengers, and the broader digital world. It also engages in the sale of software licenses and cloud-connected services. The company was founded on February 14, 2019 and is headquartered in Burlington, MA.
