Cerence: Upside Potential Outweighs Risks And Uncertainties [Seeking Alpha]
Cerence Inc. (CRNC)
Last cerence inc. earnings: 2/11 07:00 am
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Source: Seeking Alpha
The company has demonstrated solid revenue growth, with a strong gross margin and commitment to innovation. The stock is currently undervalued and has outperformed the broader market year-to-date. Investment thesis Cerence Inc. ( NASDAQ: CRNC ) is a company that offers generative AI features for automotive original equipment manufacturers [OEMs]. The company invests heavily in innovation and its 54% global production vehicle penetration looks impressive and indicates high-quality offerings for me. At the same time, this penetration level also suggests that there is still a big room for revenue expansion. The last four quarters were challenging for the company due to the challenging environment, but consensus estimates suggest that financial performance will improve significantly in the upcoming quarter. I am highly convinced that the company will benefit from favorable secular trends in the automotive industry. The valuation looks very attractive with about 25% upside potential
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CRNC
News
- Cerence Stock Surges 15.3% in a Month: Should You Buy the Stock? [Yahoo! Finance]Yahoo! Finance
- Volkswagen is rolling out its ChatGPT assistant to the US [TechCrunch]TechCrunch
- New VWs will answer some of your questions with ChatGPT [Verge, The]Verge, The
- New Strong Buy Stocks for August 28th [Yahoo! Finance]Yahoo! Finance
- Cerence (CRNC) Shows Fast-paced Momentum But Is Still a Bargain 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