CerenceInc Financial Statements From 2010 to 2024
| CRNC Stock | USD 9.62 0.73 7.05% |
Gross Profit 233.7 M | Profit Margin (0.09) | Market Capitalization 431.3 M | Enterprise Value Revenue 2.1165 | Revenue 349.2 M |
CerenceInc Total Revenue |
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Check CerenceInc financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CerenceInc main balance sheet or income statement drivers, such as Tax Provision of 13.6 M, Interest Income of 5.4 M or Depreciation And Amortization of 27.6 M, as well as many exotic indicators such as Price To Sales Ratio of 3.3, Dividend Yield of 0.27 or PTB Ratio of 1.08. CerenceInc financial statements analysis is a perfect complement when working with CerenceInc Valuation or Volatility modules.
CerenceInc | Select Account or Indicator |
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CerenceInc Fundamental Market Drivers
| Forward Price Earnings | 11.4155 | |
| Cash And Short Term Investments | 110.4 M |
CerenceInc Upcoming Events
| 6th of February 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 25th of November 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 30th of September 2023 Last Financial Announcement | View |
About CerenceInc Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include CerenceInc income statement, its balance sheet, and the statement of cash flows. CerenceInc investors use historical funamental indicators, such as CerenceInc's revenue or net income, to determine how well the company is positioned to perform in the future. Although CerenceInc investors may use each financial statement separately, they are all related. The changes in CerenceInc's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on CerenceInc's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on CerenceInc Financial Statements. Understanding these patterns can help to make the right decision on long term investment in CerenceInc. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 88.6 M | 86.9 M | |
| Total Revenue | 338.6 M | 327 M | |
| Cost Of Revenue | 109.4 M | 97.9 M | |
| Stock Based Compensation To Revenue | 0.12 | 0.09 | |
| Sales General And Administrative To Revenue | 0.18 | 0.19 | |
| Research And Ddevelopement To Revenue | 0.38 | 0.24 | |
| Capex To Revenue | (0.02) | (0.02) | |
| Revenue Per Share | 6.59 | 6.35 | |
| Ebit Per Revenue | (0.11) | (0.10) |
CerenceInc Investors Sentiment
The influence of CerenceInc's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in CerenceInc. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to CerenceInc's public news can be used to forecast risks associated with an investment in CerenceInc. The trend in average sentiment can be used to explain how an investor holding CerenceInc can time the market purely based on public headlines and social activities around CerenceInc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
CerenceInc's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for CerenceInc's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average CerenceInc's news discussions. The higher the estimated score, the more favorable is the investor's outlook on CerenceInc.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CerenceInc in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CerenceInc's short interest history, or implied volatility extrapolated from CerenceInc options trading.
Pair Trading with CerenceInc
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CerenceInc position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CerenceInc will appreciate offsetting losses from the drop in the long position's value.Moving together with CerenceInc Stock
| 0.77 | U | Unity Software Financial Report 8th of May 2024 | PairCorr |
| 0.9 | DT | Dynatrace Holdings LLC Financial Report 15th of May 2024 | PairCorr |
Moving against CerenceInc Stock
| 0.84 | DPSI | DecisionPoint Systems Financial Report 20th of May 2024 | PairCorr |
| 0.66 | ML | MoneyLion Financial Report 14th of May 2024 | PairCorr |
| 0.6 | VERX | Vertex Financial Report 8th of May 2024 | PairCorr |
| 0.42 | DJCO | Daily Journal Corp | PairCorr |
The ability to find closely correlated positions to CerenceInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CerenceInc when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CerenceInc - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CerenceInc to buy it.
The correlation of CerenceInc is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CerenceInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CerenceInc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CerenceInc can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of CerenceInc Correlation against competitors. For information on how to trade CerenceInc Stock refer to our How to Trade CerenceInc Stock guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for CerenceInc Stock analysis
When running CerenceInc's price analysis, check to measure CerenceInc's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CerenceInc is operating at the current time. Most of CerenceInc's value examination focuses on studying past and present price action to predict the probability of CerenceInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CerenceInc's price. Additionally, you may evaluate how the addition of CerenceInc to your portfolios can decrease your overall portfolio volatility.
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Is CerenceInc's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CerenceInc. If investors know CerenceInc will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CerenceInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.10) | Earnings Share (0.82) | Revenue Per Share 8.617 | Quarterly Revenue Growth 0.654 | Return On Assets 0.02 |
The market value of CerenceInc is measured differently than its book value, which is the value of CerenceInc that is recorded on the company's balance sheet. Investors also form their own opinion of CerenceInc's value that differs from its market value or its book value, called intrinsic value, which is CerenceInc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CerenceInc's market value can be influenced by many factors that don't directly affect CerenceInc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CerenceInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if CerenceInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CerenceInc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.