Conduent, Inc. (CNDT)

Conduent's stock has been impacted by several events over the past six months. Q3 2025 earnings missed revenue expectations and issued forward guidance below analyst projections, leading to a sharp drop in shares. Adjusted revenue for Q2 2025 was down year-over-year, leading to a downward revision of the full-year 2025 revenue guidance. Conduent launched Italy's first integrated transit EMV contactless payment system and partnered with Solutions by Text. The company sought to stabilize revenue drop as divestitures slowed. Conduent launched an AI Experience Center and announced it was applying GenAI to revolutionize the detection of reportable events for FDA compliance. The company's share price experienced a significant decline.

Conduent's business experiences demand seasonality. The second quarter typically represents a low point for the company's installed base of revenue. The second half of the year is generally expected to benefit from traditional seasonality.

Conduent, Inc. is a global technology-led business process solutions company providing high-volume transaction processing for governments and major corporations. It operates across diverse industries, offering solutions like Customer Experience Management, Business Operations Solutions, Human Capital Solutions, digital government services, payment solutions, and transportation solutions. Conduent is categorized within the IT Services & Consulting and Professional Services sectors.

Conduent has a significant global presence with operations and clients across North America, Europe, and Asia. The majority of its revenue is generated in the United States (86.0%), with Europe accounting for 8.7%. The company has a global team of approximately 56,000 associates and notable international activities including projects in Italy and Australia.

Conduent's brand reputation has seen both positive developments and challenges in the past year. The company was recognized as a Leader in two NelsonHall Vendor Evaluation & Assessment Tools charts. Conduent has actively promoted its advancements in artificial intelligence. Conduent's Net Promoter Score has increased since its spin-off. The reported Q3 2025 revenue miss and weak guidance could have negatively impacted investor and market perception. The completion of divestitures was framed as a strategic move to drive transformation.

Conduent's ownership is primarily institutional, with institutional shareholders holding a significant portion of the company. Major institutional owners include Neuberger Berman Group LLC, BlackRock, Inc., Dimensional Fund Advisors Lp, Vanguard Group Inc, Charles Schwab Investment Management Inc, Blue Owl Capital Holdings LP, and Miller Value Partners, Llc. Major individual owners include Carl C. Icahn and Clifford Skelton.