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Cerence (CRNC)

(Delayed Data from NSDQ)

$9.65 USD

9.65
555,395

-0.06 (-0.62%)

Updated Apr 29, 2024 04:00 PM ET

After-Market: $9.64 -0.01 (-0.10%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

C Value F Growth A Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 22% (55 out of 252)

Industry: Computers - IT Services

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Better trading starts here.

Balance Sheet

Research for CRNC

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Cerence Inc falls in the month of September.

All items in Millions except Per Share data.

9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019
Assets          
Cash & Equivalents 110 115 159 148 0
Receivables 61 45 46 50 66
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 54 67 83 51 27
Total Current Assets 226 228 287 249 92
Net Property & Equipment 34 38 32 30 20
Investments & Advances 11 12 7 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 67 74 191 200 183
Intangibles 904 901 1,154 1,174 1,185
Deposits & Other Assets 44 52 20 15 3
Total Assets 1,298 1,318 1,706 1,687 1,484
Liabilities & Shareholders Equity 9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019
Notes Payable 0 11 6 6 0
Accounts Payable 17 10 12 8 17
Current Portion Long-Term Debt 0 11 6 6 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 49 48 64 68 24
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 77 73 78 113 88
Total Current Liabilities 148 147 165 201 129
Mortgages 0 0 0 0 0
Deferred Taxes/Income 146 166 198 213 265
Convertible Debt 0 0 0 0 0
Long-Term Debt 276 259 265 267 0
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 25 22 33 32 22
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 603 606 674 730 416
Shareholders Equity 9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 1,056 1,030 1,002 974 0
Retained Earnings -334 -283 28 -21 0
Other Equity -28 -34 2 4 1,068
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 695 713 1,032 958 1,068
Total Liabilities & Shareholder's Equity 1,298 1,318 1,706 1,687 1,484
Total Common Equity 695 713 1,032 958 1,068
Shares Outstanding 40.30 39.30 38.00 36.70 36.30
Book Value Per Share 17.24 18.14 27.16 26.10 29.43

Fiscal Year End for Cerence Inc falls in the month of September.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 109 110 103 107
Receivables NA 59 61 57 61
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 61 54 59 63
Total Current Assets NA 228 226 219 232
Net Property & Equipment NA 33 34 35 36
Investments & Advances NA 8 11 13 16
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 36 67 73 76
Intangibles NA 910 904 910 909
Deposits & Other Assets NA 38 44 49 52
Total Assets NA 1,265 1,298 1,312 1,335
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 25 13
Accounts Payable NA 19 17 16 19
Current Portion Long-Term Debt NA 0 0 25 13
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 52 49 47 53
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 43 77 75 76
Total Current Liabilities NA 120 148 168 166
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 101 146 153 160
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 277 276 255 265
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 25 24 24
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 534 603 609 626
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 1,064 1,056 1,049 1,038
Retained Earnings NA -310 -334 -322 -306
Other Equity NA -24 -28 -25 -23
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 731 695 703 709
Total Liabilities & Shareholder's Equity NA 1,265 1,298 1,312 1,335
Total Common Equity 0 731 695 703 709
Shares Outstanding 41.60 41.20 40.30 40.30 40.20
Book Value Per Share 0.00 17.75 17.24 17.44 17.65