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home / news releases / CRNC - Cerence: Facing Unprecedented Competition From Apple

CRNC - Cerence: Facing Unprecedented Competition From Apple

Cerence Inc.
  • Cerence's share price has come down significantly after rising over 700% during 2020 to 2021.
  • The leading provider of automotive assistants is now trading at an FWD PE ratio of 15.6, and it is already profitable.
  • Apple recently announced that they will launch a revamped CarPlay system in late 2023 which may disrupt Cerence.
  • I rate the company as a hold as the competition from Apple and the macro environment creates high uncertainty going forward.

For further details see:

Cerence: Facing Unprecedented Competition From Apple
Stock Information
Company Name: Cerence Inc.
Stock Symbol: CRNC
Market: NYSE
Website: cerence.com
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