Latest news with #Cerence
CNBC
6 days ago
- Business
- CNBC
Cramer's Lightning Round: Cerence is a winner
Aurora Cannabis: "I'm not fighting it. You can own it, it's a nice speculative stock." Skyworks Solutions: "It's very cheap, but I don't have a catalyst. I would still rather own Nvidia than I would Skyworks." Sezzle: "We think Sezzle's had its day. I don't think we can recommend Sezzle any higher here." Build-A-Bear Workshop: "I'm a holder. Not a buyer, because it just had that spike. But if it came down I would certainly be a buyer." Cerence: "Cerence is a winner." HighPeak Energy: "Oil at $62 a barrel does not make me interested. If you think oil's going to go up you do have a winner, though. HighPeak is levered to the price of oil more than almost all of them." Republic Services: "RSG is such a good is a great stock." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest The CNBC Investing Club Charitable Trust owns shares of Nvidia.
Yahoo
08-05-2025
- Automotive
- Yahoo
Cerence Inc (CRNC) Q2 2025 Earnings Call Highlights: Surpassing Expectations and Expanding Horizons
Release Date: May 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Cerence Inc (NASDAQ:CRNC) exceeded the high end of their guidance with Q2 revenue of $78 million and adjusted EBITDA of $29.5 million. The company generated a strong free cash flow of $13.1 million, marking the fourth consecutive quarter of positive free cash flow. Cerence Inc (NASDAQ:CRNC) raised their full-year guidance for adjusted EBITDA and free cash flow. The company continues to differentiate itself with a unique combination of technology, innovation, and a diverse customer base. Cerence Inc (NASDAQ:CRNC) is expanding into new verticals with solutions like VoiceTopic, enhancing their market presence beyond automotive. Cerence Inc (NASDAQ:CRNC) is experiencing pressure from customers on pricing and changes in program timelines due to tariffs. Professional services revenue decreased year over year, reflecting a shift towards more standardized solutions. The company anticipates no material fixed license revenue for the remainder of the fiscal year. There is ongoing litigation against major companies like Samsung, Microsoft, and Nuance, which could be lengthy and risky. The macroeconomic environment remains uncertain, with potential impacts on pricing and volume from OEMs. Warning! GuruFocus has detected 7 Warning Signs with CRNC. Q: Can you explain the factors driving the increase in connected car revenue and whether this trend will continue into the next quarters? A: Unidentified_3 (CFO): The increase in connected car revenue is due to more cars being connected, which aligns with our expectations. Although revenue from connected cars is recognized over time, the uptick in connected rates is promising. We expect this trend to continue as past billings convert into revenue. Q: How is AI impacting your connected services and overall business, and what are the key drivers behind this growth? A: Unidentified_2 (CEO): AI, particularly large language models, is integral to both connected and non-connected vehicles. It enhances vehicle functions without needing specific commands, driving consumer demand and increasing price per unit (PPU). AI's role in connected services, like providing real-time information, is a significant growth driver. Q: With the unchanged fiscal '25 guidance, what is driving the higher tech revenue, especially given the lag in connected services? A: Unidentified_3 (CFO): The higher tech revenue is primarily from increased license volumes, slightly exceeding expectations. This is partly due to production levels adjusting for tariffs. Additionally, we're limiting pre-paid contracts, reducing discounts, and improving effective pricing. Q: What is the strategic importance of the partnership with MediaTech for your edge solutions? A: Unidentified_2 (CEO): The partnership with MediaTech and Nvidia focuses on optimizing automotive-specific SOCs for performance, latency, and cost. This collaboration reduces the need for professional services and lowers costs for OEMs, enhancing our competitive edge. Q: What are the objectives behind the lawsuit against Microsoft, considering they are also a partner? A: Unidentified_2 (CEO): The lawsuit aims to protect our intellectual property, which is crucial for our shareholders' investments. We focus on defending our foundational technologies like text-to-speech and wake-up word, ensuring our innovations are safeguarded. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
08-05-2025
- Automotive
- Business Insider
Cerence reports Q2 EPS 46c, consensus 30c
Reports Q2 revenue $78.01M, consensus $75.34M. 'I'm incredibly proud of what our team has accomplished. We surpassed the high end of our revenue and adjusted EBITDA guidance and posted our fourth consecutive quarter of positive free cash flow, demonstrating the high value we provide to the world's leading automakers as they work through the ongoing macro uncertainties and complexities facing the industry today,' said Brian Krzanich, CEO, Cerence (CRNC) AI. 'As we look to the future and based on currently available information, we believe we are well-positioned to continue supporting our customers as they work to bring an enhanced experience to their drivers. With Cerence xUI, we are partnering with OEMs as they contemplate and build their future infotainment platforms, as well as delivering enhanced user experiences via over-the-air updates as automakers upgrade their current systems to deliver next-gen features and capabilities to their drivers today.' Protect Your Portfolio Against Market Uncertainty
Washington Post
07-05-2025
- Business
- Washington Post
Cerence: Fiscal Q2 Earnings Snapshot
BURLINGTON, Mass. — BURLINGTON, Mass. — Cerence Inc. (CRNC) on Wednesday reported profit of $21.7 million in its fiscal second quarter. On a per-share basis, the Burlington, Massachusetts-based company said it had profit of 46 cents. Earnings, adjusted for one-time gains and costs, came to 53 cents per share.
Yahoo
01-05-2025
- Business
- Yahoo
Cerence Inc. (NASDAQ:CRNC) is a favorite amongst institutional investors who own 81%
Institutions' substantial holdings in Cerence implies that they have significant influence over the company's share price 50% of the business is held by the top 11 shareholders Recent sales by insiders Our free stock report includes 2 warning signs investors should be aware of before investing in Cerence. Read for free now. If you want to know who really controls Cerence Inc. (NASDAQ:CRNC), then you'll have to look at the makeup of its share registry. We can see that institutions own the lion's share in the company with 81% ownership. Put another way, the group faces the maximum upside potential (or downside risk). Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. Hence, having a considerable amount of institutional money invested in a company is often regarded as a desirable trait. Let's take a closer look to see what the different types of shareholders can tell us about Cerence. View our latest analysis for Cerence Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. As you can see, institutional investors have a fair amount of stake in Cerence. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Cerence's historic earnings and revenue below, but keep in mind there's always more to the story. Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Cerence is not owned by hedge funds. Our data shows that American Capital Management, Inc. is the largest shareholder with 8.1% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 8.0% and 7.3%, of the shares outstanding, respectively. After doing some more digging, we found that the top 11 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Shareholders would probably be interested to learn that insiders own shares in Cerence Inc.. As individuals, the insiders collectively own US$6.5m worth of the US$391m company. Some would say this shows alignment of interests between shareholders and the board. But it might be worth checking if those insiders have been selling. The general public, who are usually individual investors, hold a 18% stake in Cerence. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Cerence , and understanding them should be part of your investment process. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
