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CRNC

Cerence

$17.81 /

+1.38 (+8.40%)

07:04
12/17/19
12/17
07:04
12/17/19
07:04

Cerence reports Q4 non-GAAP revenue $84M, consensus $82.98M

Sanjay Dhawan, CEO of Cerence, stated, "Cerence is off to a fast start. The fourth quarter results reflect the strong business momentum we see in the market. A continued focus on innovation to maintain our leadership position in voice-enabled AI is yielding very positive results for Cerence's future. Our success rate for new design wins in the quarter and fiscal year remain at a very high level. These wins represent the foundation for our continued success and revenue growth in the future. The expected growth in connected services is being realized through increasing levels of activity and consumer adoption. We continue to expand our product offerings in edge and connected services and see them as fuel for our continued growth at a level significantly higher than the seasonally adjusted annual rate of automobile shipments."

  • 17

    Dec

  • 19

    Dec

CRNC Cerence
$17.81 /

+1.38 (+8.40%)

10/02/19 Evercore ISI
Cerence initiated with an Outperform at Evercore ISI
10/01/19 Raymond James
Cerence initiated with a Strong Buy at Raymond James
09/27/19 Wedbush
Cerence initiated with an Outperform at Wedbush

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Syndicate
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On The Fly
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Shares of Intelsat (I)…

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General news
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