Cerence Inc. (CRNC)
Cerence Inc. operates in the Software - Application industry of the Technology sector, headquartered in Burlington, MA, US. The stock last traded at $7.95, up 0.25% on the session, giving a market capitalisation of $359.2M. On trailing twelve-month figures it carries a trailing P/E of -21.91, a net margin of -5.0%. Its beta of 3.01 implies it has historically moved more than the broad market.
Cerence Inc. specializes in developing and providing AI-driven virtual assistants tailored for the global mobility and transportation industry. The company's diverse portfolio includes both embedded (edge) software components and cloud-based solutions, along with relevant development toolkits, applications, and professional services to facilitate virtual assistant coexistence. These offerings are powered by sophisticated conversational artificial intelligence technologies, encompassing capabilities such as advanced speech recognition, natural language understanding, speech signal enhancement, text-to-speech functionalities, and acoustic modeling. Cerence Inc. is headquartered in Burlington, Massachusetts.
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