Noble Financial Keeps Their Buy Rating on Conduent (CNDT)
TipRanks (Thu, 2-May 8:26 AM ET)
Conduent Inc Announces Notable Asset Sale and Disclosure
TipRanks (Wed, 1-May 5:03 PM ET)
Benzinga (Wed, 1-May 1:01 PM ET)
Conduent Inc Offers Insight with First-Quarter Earnings Preview
TipRanks (Wed, 1-May 8:12 AM ET)
Conduent Non-GAAP EPS of -$0.09, revenue of $921M beats by $25M
Seeking Alpha News (Wed, 1-May 8:05 AM ET)
Conduent Reports First Quarter 2024 Financial Results
Globe Newswire (Wed, 1-May 8:00 AM ET)
Conduent Completes Sale of its Curbside Management and Public Safety Businesses to Modaxo
Business Wire (Wed, 1-May 7:00 AM ET)
Seeking Alpha News (Tue, 30-Apr 1:06 PM ET)
Notable earnings before Wednesday's open
Seeking Alpha News (Tue, 30-Apr 10:46 AM ET)
Conduent announces collaboration with Microsoft
Seeking Alpha News (Mon, 29-Apr 3:52 PM ET)
Conduent Inc acts as a provider of business process services with expertise in transaction-intensive processing, analytics, and automation. The company provides industry-focused service offerings in growth markets such as Healthcare and Transportation as well as provides multi-industry services such as transaction processing, customer care, and payment services. It operates through three segments namely Commercial Industries which is the key revenue-driving segment, Government Services, and Transportation. The group operates its business in the United States, Europe, and Other areas of which the majority of revenue is generated in the United States.
Conduent trades on the NASDAQ stock market under the symbol CNDT.
As of May 2, 2024, CNDT stock price climbed to $3.68 with 1,365,017 million shares trading.
CNDT has a beta of 0.44, meaning it tends to be less sensitive to market movements. CNDT has a correlation of 0.02 to the broad based SPY ETF.
CNDT has a market cap of $772.71 million. This is considered a Small Cap stock.
Last quarter Conduent reported $921 million in Revenue and -$.09 earnings per share. This beat revenue expectation by $26 million and missed earnings estimates by -$.09.
In the last 3 years, CNDT stock traded as high as $8.50 and as low as $2.40.
The top ETF exchange traded funds that CNDT belongs to (by Net Assets): VTI, VB, IWM, VBR, VXF.
CNDT has underperformed the market in the last year with a return of +3.1%, while the SPY ETF gained +23.2%. In the last 3 month period, CNDT fell short of the market, returning -0.5%, while SPY returned +3.6%. However, in the most recent 2 weeks CNDT has outperformed the stock market by returning +21.9%, while SPY returned +0.9%.
CNDT support price is $3.41 and resistance is $3.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CNDT stock will trade within this expected range on the day.