Cerence Boosts Skoda's In-Car Experience: Should You Buy CRNC Stock? [Yahoo! Finance]
Cerence Inc. (CRNC)
Last cerence inc. earnings: 2/11 07:00 am
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Source: Yahoo! Finance
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 collaboration with Skoda, a well-known Volkswagen VWAGY brand, is noteworthy as the deal aims to enhance the driving experience by integrating Cerence Chat Pro with Skoda's in-car voice assistant, Laura. Skoda drivers and passengers can interact conversationally with their in-car assistant powered by Cerence Chat Pro. This integration offers accurate responses to queries and simplifies navigation, enabling drivers to quickly and safely access essential features. Cerence Inc. Price an
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CRNC
News
- Best Value Stocks to Buy for September 19th [Yahoo! Finance]Yahoo! Finance
- New Strong Buy Stocks for September 19th [Yahoo! Finance]Yahoo! Finance
- Škoda Deploys Cerence Chat Pro, Bringing Generative AI to its Voice Assistant, LauraGlobeNewswire
- Missed Earnings and Reduced Guidance Pulled Back Cerence (CRNC) in Q2 [Yahoo! Finance]Yahoo! Finance
- Cerence Stock Surges 15.3% in a Month: Should You Buy the Stock? [Yahoo! Finance]Yahoo! Finance
CRNC
Earnings
- 8/8/24 - Beat
CRNC
Sec Filings
- 9/4/24 - Form 4
- 9/3/24 - Form 144
- 8/14/24 - Form SC
- CRNC's page on the SEC website