Innovative small-cap tech stocks like Cerence Inc. NASDAQ: CRNC, Rigetti Computing NASDAQ: RGTI, and Airship AI NASDAQ: AISP are gaining traction. They are gaining traction with their businesses and stock prices, indicating potential for significant gains in 2025.
In this video, I will cover the recent updates regarding Cerence (CRNC 8.15%). Watch the short video to learn more, consider subscribing, and click the special offer link below.
In today's video, I discuss Nvidia (NVDA 4.45%) and Cerence (CRNC 143.76%) . To learn more, check out the short video, consider subscribing, and click the special offer link below.
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Cerence AI, a rival of SoundHound, announced an automotive pact with Nvidia. Cerence stock popped, SoundHound stock also gained.
Cerence stock benefits from strong AI advancements and growing clientele despite automotive market challenges.
Cerence NASDAQ: CRNC is an AI stock that has burst onto the radar of many investors lately. Since its latest earnings release on Nov. 21, shares have skyrocketed 155% as of the Nov. 25 close.
Cerence's fiscal fourth-quarter performance benefits from strong AI progress and customer wins despite a decline in end markets and weak fiscal 2025 guidance.
Cerence Inc.'s stock is undervalued at 10x forward free cash flow despite a turbulent past and a 60% decline in 2024. The company's AI-driven in-car voice solutions, trusted by major automakers, and cost reductions position it for improved financial performance. Cerence's free cash flow is projected to double in fiscal 2025, with the potential to reach $30 million in fiscal 2026.
Cerence shares have more than doubled since its Q4 earnings were released. While growth is expected to remain muted next year, margins are expected to be solid, coupled with strong FCF generation. Cerence's balance sheet remains vulnerable, with $90 million in debt due in the coming year.
Cerence Inc. (NASDAQ:CRNC ) Q4 2024 Earnings Conference Call November 21, 2024 8:30 AM ET Company Participants Brian Krzanich - CEO Tony Rodriquez - Interim CFO Conference Call Participants Jeff Van Rhee - Craig-Hallum Colin Langan - Wells Fargo Nicholas Doyle - Needham & Company Aman Gupta - Goldman Sachs Operator Good day, and welcome to Cerence's Fourth Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
Cerence (CRNC) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to earnings of $0.09 per share a year ago.