CRNC's fourth-quarter fiscal 2024 results are likely to suffer from sluggish demand among automotive OEMs.
CRNC's shares ride on an expanding clientele and a strong partner network. However, stiff competition and stretched valuation are concerns.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Cerence (CRNC) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
On September 30, 2024, Vanguard Group Inc executed a significant transaction involving the shares of Cerence Inc (CRNC, Financial), a key player in the software industry. The firm reduced its holdings by 868,183 shares, resulting in a new total of 3,112,214 shares.
Cerence (CRNC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
CRNC, PAM and MHO made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 19, 2024.
CRNC, UI, BPOP, LYTS and FMBH have been added to the Zacks Rank #1 (Strong Buy) List on September 19, 2024.
CRNC's shares struggle due to stiff competition in the automotive sector. However, its expanding partner base and client expansion efforts show promise.
Cerence's shares are driven by a growing client base, a strong portfolio, and a robust network of automotive industry partners.
QFIN, RCMT and CRNC made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 28, 2024.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Cerence (CRNC) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
QFIN, RCMT and CRNC made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 26, 2024.