Opinions
Jim Cramer - Mad Money
Cerence
CRNC-Q
DON'T BUY
May 19, 2021
$82.880
Stock price when the opinion was issued
Technology
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COMMENT
The world leader in car voice and A.I. that connects to third-party apps, like Starbucks, in 325 million cars worldwide, including 50% of every car sold in 2020. Shares have had a huge run, from $15 to $111 after Nuance spun it off two years ago. Yet, shares are down $20 from this year's highs.
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Yet another software development company in a crowded field that Microsoft dominates.