Cerence Inc. has filed a patent infringement lawsuit against Apple, alleging violations of its AI technology patents.
Quiver AI Summary
Cerence Inc. has filed a patent infringement lawsuit against Apple Inc. in the U.S. District Court for the Western District of Texas, alleging that Apple is using certain Cerence technologies in its products without permission. The lawsuit focuses on technologies related to text input, recognition, and voice command monitoring, which Cerence has developed over decades of research and is crucial to its offerings for global automakers and other clients. Cerence aims to protect its intellectual property rights and its significant investment in research and development, emphasizing its commitment to innovation in conversational AI-powered experiences.
Potential Positives
- Cerence Inc. is actively defending its intellectual property rights by filing a patent infringement lawsuit against Apple Inc., which may reinforce its position as a leader in the conversational AI market.
- The lawsuit highlights Cerence's robust patent portfolio and its commitment to protecting significant research and development investments, indicating confidence in the company's technological innovations.
- The announcement demonstrates Cerence Inc.'s proactive approach to safeguarding its technologies that are critical to its partnerships with leading automakers and technology companies.
Potential Negatives
- The patent infringement lawsuit against Apple could lead to prolonged legal battles, which may divert resources and focus away from product development and innovation.
- Litigation outcomes are uncertain, and negative results in the lawsuit could significantly impact Cerence's financial standing and public reputation.
- The necessity to enforce intellectual property rights may suggest previous struggles in protecting their innovative technologies, potentially raising concerns about the strength of their patent portfolio.
FAQ
What is the lawsuit Cerence AI filed against Apple about?
Cerence AI has filed a patent infringement lawsuit against Apple regarding certain technologies, including text input recognition and voice command monitoring.
Where was the lawsuit against Apple filed?
The lawsuit was filed in the United States District Court for the Western District of Texas.
What is Cerence AI's stance on its intellectual property?
Cerence AI is committed to defending its intellectual property rights to protect its innovations and significant research investments.
What industries does Cerence AI serve?
Cerence AI serves global automakers, transportation OEMs, consumer brands, and technology companies, providing AI-powered user experience solutions.
How can I learn more about Cerence AI?
To learn more about Cerence AI, visit their official website at www.cerence.ai or follow them on LinkedIn.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CRNC Insider Trading Activity
$CRNC insiders have traded $CRNC stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $CRNC stock by insiders over the last 6 months:
- CHRISTIAN MENTZ (EVP, Chief Revenue Officer) sold 4,000 shares for an estimated $50,943
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$CRNC Hedge Fund Activity
We have seen 85 institutional investors add shares of $CRNC stock to their portfolio, and 107 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- COOPER CREEK PARTNERS MANAGEMENT LLC removed 1,951,020 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $15,413,058
- AMERIPRISE FINANCIAL INC removed 1,062,337 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $8,392,462
- D. E. SHAW & CO., INC. removed 705,929 shares (-59.8%) from their portfolio in Q2 2025, for an estimated $7,207,535
- JANE STREET GROUP, LLC removed 673,899 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $6,880,508
- MILLENNIUM MANAGEMENT LLC removed 569,913 shares (-40.8%) from their portfolio in Q2 2025, for an estimated $5,818,811
- MORGAN STANLEY removed 363,940 shares (-35.3%) from their portfolio in Q2 2025, for an estimated $3,715,827
- UBS GROUP AG removed 333,009 shares (-78.8%) from their portfolio in Q2 2025, for an estimated $3,400,021
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$CRNC Analyst Ratings
Wall Street analysts have issued reports on $CRNC in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Needham issued a "Buy" rating on 03/18/2025
To track analyst ratings and price targets for $CRNC, check out Quiver Quantitative's $CRNC forecast page.
$CRNC Price Targets
Multiple analysts have issued price targets for $CRNC recently. We have seen 3 analysts offer price targets for $CRNC in the last 6 months, with a median target of $10.0.
Here are some recent targets:
- Mark Delaney from Goldman Sachs set a target price of $10.0 on 08/07/2025
- Colin Langan from Wells Fargo set a target price of $10.0 on 05/08/2025
- Quinn Bolton from Needham set a target price of $16.0 on 03/18/2025
Full Release
BURLINGTON, Mass., Sept. 04, 2025 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced the filing of a patent infringement lawsuit against Apple Inc. in the United States District Court for the Western District of Texas.
Cerence AI has a long history of innovation, reflected in a portfolio of patents developed over decades of research and development. These patented technologies play a critical role in Cerence’s product portfolio and its work with its customers, including leading global automakers, transportation OEMs, consumer brands, and technology companies. The lawsuit against Apple covers certain Cerence technologies, including text input and recognition, and voice command monitoring, deployed in Apple’s products.
“Cerence plans to defend its IP rights to protect our significant R&D investments and technical leadership,” said Jennifer Salinas, Chief Administrative Officer & General Counsel, Cerence AI. “We have a robust patent portfolio, and we are committed to enforcing our intellectual property rights, thereby protecting our innovations, investments and customers.”
To learn more about Cerence AI, visit www.cerence.ai , and follow the company on LinkedIn .
About Cerence Inc.
Cerence Inc. (NASDAQ: CRNC) is a global industry leader in creating intuitive, seamless, AI-powered experiences. Leveraging decades of innovation and expertise in voice, generative AI, and large language models, Cerence powers integrated experiences that create safer, more connected, and more enjoyable journeys. With more than 525 million cars shipped with Cerence technology, the company partners with leading automakers, transportation OEMs, and technology companies to advance the next generation of user experiences. Cerence is headquartered in Burlington, Massachusetts, with operations globally and a worldwide team dedicated to pushing the boundaries of AI innovation. For more information, visit
www.cerence.ai
.
Forward Looking Statements
Statements in this press release regarding: Cerence’s expectations, anticipations, intentions, beliefs or strategies constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “goal,” “anticipates,” “projects,” “forecasts,” “expects,” “intends,” “continues,” “will,” “may,” or “estimates” or similar expressions) should also be considered to be forward-looking statements. Although we believe forward-looking statements are based upon reasonable assumptions, such statements involve known and unknown risk, uncertainties and other factors, which may cause actual results or performance of the company to be materially different from any future results or performance expressed or implied by such forward-looking statements including but not limited to: there can be no assurance as to developments related to the litigation, the outcome of the litigation, or remedies that could be awarded in connection with the litigation; our ability to establish or maintain our intellectual property and other proprietary rights; IP, or legal strategies; and the other factors discussed in our most recent Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other filings with the Securities and Exchange Commission. We disclaim any obligation to update any forward-looking statements as a result of developments occurring after the date of this document.
Cerence AI: Media: [email protected] | Investors: [email protected]