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Stock impact report

Cerence: A Conversational AI Automotive Specialist With Multiple Tailwinds Going For It [Seeking Alpha]

Cerence Inc. (CRNC) 
Last cerence inc. earnings: 2/11 07:00 am Check Earnings Report
Company Research Source: Seeking Alpha
Backlog growth, a measure of forward revenue, is growing at 23%, even as CRNC steps up its efforts in the nonautomotive space, particularly in IP monetization. CRNC's asset base is generating its highest cadence of free cash since listing, and that is helping bring down the level of debt on the balance sheet. At the current market cap, CRNC offers a double-digit forward FCF yield, while its forward EBITDA multiple of 12x is more than justified, given that it is on course to deliver 25% EBITDA growth. The stock is trending well and above all its key moving averages as it approaches a potential breakout point. Fabio Principe/iStock via Getty Images Investment Thesis Cerence Inc. ( CRNC ), a specialist in the field of conversational AI for the automotive industry is competing against larger tech behemoths but is still growing its backlog (a measure of revenue potential This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative posi Show less Read more
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