TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  The Motley Fool

Why Cerence Stock Soared Today

The Motley Fool Logo The Motley Fool • •By Joe Tenebruso
Why Cerence Stock Soared Today

Cerence reported strong Q4 fiscal results with 11% revenue growth, secured a $49.5 million legal settlement from Samsung, and expects 8% growth in its core technology business in the coming year.

Insights
CRNC   positive

Strong quarterly performance with 11% revenue growth, 52% of worldwide auto production using their technology, threefold increase in cash flow, and a significant legal settlement from Samsung