RM LAW Announces Investigation of Cerence Inc.

BERWYN, Pa., Feb. 17, 2022 /PRNewswire/ -- RM LAW, P.C. is investigating potential claims against the board of directors of Cerence Inc. CRNC concerning the Company's possible violations of the federal securities laws.

If you own shares of Cerence and would like to learn more about this class action or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.  You may also email Mr. Maniskas at rm@maniskas.com. 

On February 7, 2022, Cerence issued a press release announcing its financial results for the first quarter of fiscal year 2022.  Cerence reported revenue of $94.4 million, falling short of consensus estimates by approximately $700,000.  Separately, Cerence announced the retirement of Company Chief Financial Officer Mark Gallenberger, effective March 11, 2022. On this news, Cerence's stock price fell $19.97 per share, or 31.41%, to close at $43.61 per share on February 7, 2022.

For more information regarding this, please contact RM LAW, P.C.  (Richard A. Maniskas, Esquire) toll-free at (844) 291-9299 or by email at rm@maniskas.com or click here.   For more information about class action cases in general or to learn more about RM LAW, P.C. please visit our website by clicking here. 

CONTACT:              RM LAW, P.C.
                                 Richard A. Maniskas, Esquire
                                 1055 Westlakes Dr., Ste. 300
                                 Berwyn, PA 19312
                                 484-324-6800
                                 844-291-9299
 rm@maniskas.com

SOURCE RM LAW, P.C.