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Stock impact report

Jim Cramer on Cerence: “I'm Not Touching It” [Yahoo! Finance]

Cerence Inc. (CRNC) 
Last cerence inc. earnings: 2/11 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
“Okay, this is… enterprise software. I'm not touching it. I'm not touching it. I'm giving it the hand. I'm giving it the hand.” Image by Sergei Tokmakov Terms.Law from Pixabay Cerence Inc. (NASDAQ:CRNC) develops AI-powered virtual assistants and conversational AI solutions for the mobility market. The company provides speech recognition, natural language understanding, text-to-speech, and edge and cloud-connected software components. Cramer discussed the stock during the August 12 episode and said: “When research director, Ben Stoto, and I played around with the company's website, wow, Cerence could respond, interact, and unlike Alexa, handle interruptions with a plum… Now here's what really matters: Cerence is just a $472 million company… Brian's a big-time CEO at a small-time company. He ran Intel, and then after that, ran CDK Global. He then sold CDK to Brookfield, a private equity firm, for 30% premium versus where the stock was trading before they made the bid. While we Show less Read more
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