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Conduent Inc - CNDT STOCK NEWS

Welcome to our dedicated news page for Conduent (Ticker: CNDT), a resource for investors and traders seeking the latest updates and insights on Conduent.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Conduent's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Conduent's position in the market.

Rhea-AI Summary
Conduent (CNDT) reported Q4 revenue of $953M and FY revenue of $3,722M, with a pre-tax loss of $(4)M in Q4 and $(332)M for FY 2023. Adjusted EBITDA margin was 10.8% in Q4 and 10.2% for FY. The company outlined a growth plan for 2025, with two divestitures expected in H1 2024 and a share repurchase program. Conduent's total liquidity remains strong at $1.1 billion. FY 2024 outlook projects Adj. Revenue of $3.6-3.7B and Adj. EBITDA Margin of 8-9%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.06%
Tags
earnings
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Rhea-AI Summary
Conduent Incorporated (Nasdaq: CNDT) has been recognized as an overall leader in NelsonHall's Benefits Administration 2024 NEAT Report for the fifth consecutive time. The evaluation highlighted Conduent's 35 years of experience in delivering HR services to large enterprise clients and its robust suite of integrated benefits administration services. Conduent was praised for its strong partnerships with leading solution providers and its Life@Work Connect experience platform, offering a personalized approach to benefits decision-making.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.06%
Tags
none
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Rhea-AI Summary
Conduent Incorporated (CNDT) will report its Q4 and full-year 2023 financial results on February 14, 2024, at 9:00 a.m. ET. The call will be available via live audio cast and online presentation slides. International dial-in is also available. A recording of the call will be accessible until February 28, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.33%
Tags
conferences earnings
Rhea-AI Summary
Conduent, a global provider of smart mobility technology solutions and a business unit of Conduent Incorporated (Nasdaq: CNDT), has been chosen by the Oklahoma Turnpike Authority (OTA) to provide technologies and services to support the state’s PlatePay cashless tolling system. The solutions will accurately and securely retrieve registration ownership data for vehicles, enabling invoices to be sent to motorists who travel through tolls without a PIKEPASS transponder. This new contract builds on Conduent’s current OTA relationship identifying license plate information for processing. The OTA plans to convert its entire system to cashless by the end of 2024, allowing for greater convenience and improved fuel efficiency for drivers while reducing emissions and congestion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.63%
Tags
none
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Rhea-AI Summary
Conduent Incorporated (CNDT) has been named to the annual 'GovTech 100' list for the third consecutive year. The list recognizes Conduent for improving how businesses and governments interact with citizens, patients, customers, and employees. Conduent's Government Solutions business provides U.S. agencies with solutions for healthcare claims administration, government benefit payments, eligibility and enrollment, and child support. Conduent's Transportation Solutions business provides solutions and services to state and local governments including road-usage charging and mass transit in urban areas.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.71%
Tags
none
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Rhea-AI Summary
Conduent Incorporated (Nasdaq: CNDT) has announced a definitive agreement to sell its Curbside Management Solutions and Public Safety Solutions businesses to Modaxo, a division of Constellation Software Inc. (TSX: CSU). The transaction is expected to close in the first quarter of 2024, subject to customary closing conditions and regulatory approvals. The sale is part of Conduent's strategy to streamline its portfolio and focus on core capabilities, with the proceeds intended to reduce debt. The company remains committed to driving innovation in its road usage charging and transit businesses to enable streamlined, high-volume mobility services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.54%
Tags
none
Rhea-AI Summary
Conduent Transportation (CNDT) introduces a new software platform that enhances ticket vending machine capabilities, providing a better customer experience and enabling new business models. Italy’s Trenord is the first to adopt the platform, now implemented on 250 ticket vending machines in the Lombardy region, including Milan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.67%
Tags
none
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Rhea-AI Summary
Conduent Incorporated (Nasdaq: CNDT) announced that the Delaware Department of Health and Social Services (DHSS) Division of Public Health (DPH) has selected the company’s Maven® Disease Surveillance & Outbreak Management System to replace its legacy public health surveillance systems. The cloud-based technology platform will be used to monitor, report, and understand public health threats and infectious disease outbreaks as well as securely track patients and exposed communities. Maven is backed by two decades of proven outcomes, supported by a team of epidemiologists and used across 22 jurisdictions in the U.S., Europe, and Australia to identify and manage developing threats to public health.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.33%
Tags
none
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Rhea-AI Summary
Conduent Incorporated (Nasdaq: CNDT) announced that CFO Steve Wood and VP of Investor Relations Giles Goodburn will present at the Sidoti Small Cap Conference on December 6, 2023. The virtual presentation will begin at 3:15 PM ET and can be accessed through the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.19%
Tags
conferences
Rhea-AI Summary
Conduent Transportation (Nasdaq: CNDT) partners with Visa and Caisse d’Epargne CEPAC to implement a contactless open payment system for the Aix-Marseille-Provence Métropole on the Marseille public transport network. The system allows passengers to pay with contactless debit/credit cards and NFC-enabled digital wallets. Testing was successful in July, and the system is now being gradually rolled out network-wide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.51%
Tags
none
Conduent Inc

Nasdaq:CNDT

CNDT Rankings

CNDT Stock Data

697.12M
197.07M
5.76%
79.29%
0.71%
Data Processing, Hosting, and Related Services
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About CNDT

conduent is the world’s largest provider of diversified business process services with leading capabilities in transaction processing, automation, analytics and constituent experience. we work with both government and commercial customers in assisting them to deliver quality services to the people they serve. we manage interactions with patients and the insured for a significant portion of the u.s. healthcare industry. we are the customer interface for large segments of the technology industry and the operational and processing partner of choice for public transportation systems around the world. whether it’s digital payments, claims processing, benefit administration, automated tolling, customer care or distributed learning – conduent manages and modernizes these interactions to create value for both our clients and their constituents. learn more at www.conduent.com.