Why Conduent Is Friday’s Big Earnings Winner
Conduent stock rallied after the company reported better than expected second-quarter financial results late Thursday.
Headquartered in Florham Park, NJ Fiscal year ends December NASDAQ: CNDT conduent.com
Conduent Incorporated is a global technology-driven business process solutions and services company operating across the commercial and government sectors. The company leverages cloud computing, artificial intelligence, machine learning, automation and advanced analytics to deliver mission-critical solutions for its clients. Conduent's services include disbursing approximately $80 billion in government payments annually, enabling approximately 2.0 billion customer service interactions annually, and empowering millions of employees through HR services. The company serves government healthcare programs (Medicaid platform operations and modernization), benefits administration (EBT, pension risk transfer), customer experience management, and commercial business process outsourcing. With approximately 46,000 employees globally, Conduent is currently undergoing a strategic transformation that includes divesting its Public Transit and Tolling businesses to focus on its core Commercial and Government segments, while pursuing an approximately $100 million annualized cost-savings program. Updated
Conduent stock rallied after the company reported better than expected second-quarter financial results late Thursday.
Earnings season may have peaked, but there are still many companies reporting earnings that are making big moves up or down in their stocks. The S&P 500 has now risen for 5…
Conduent Incorporated is a global technology-driven business process solutions and services company operating across the commercial and government sectors.
The Wall Street consensus 12-month price target for CNDT is $5.00.