Bronstein, Gewirtz & Grossman, LLC Notifies Cerence Inc. (CRNC) Investors of Investigation

Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Cerence Inc. (“Cerence” or the “Company”) (NASDAQ: CRNC). Investors who purchased Cerence shares are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/crnc.

The investigation concerns whether Cerence and certain of its officers and/or directors have violated federal securities laws.

On February 7, 2022, Cerence issued a press release announcing its financial results for the first quarter of fiscal year 2022. Among other items, 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.

If you are aware of any facts relating to this investigation or purchased Cerence shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/crnc. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

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