Why Is Cerence (CRNC) Stock Surging?


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  • Cerence Inc (NASDAQ:CRNCwill replace Adtalem Global Education Inc (NYSE:ATGE) in the S&P MidCap 400 effective July 7 before the market open.
  • Adtalem Global Education will replace Boston Private Financial Holdings Inc (NASDAQ:BPFH) in the S&P SmallCap 600.
  • Cerence’s share price has gained 160% last year.
  • In May, the software company reported record Q2 FY21 revenue of $98.7 million, up 14% year-on-year, beating the analyst consensus by 5.6%. EPS of $0.69 beat analyst consensus by 32.7%.
  • Price action: CRNC shares traded higher by 9.01% at $118.35 in the premarket session on the last check Friday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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