Conduent (CNDT) AI Stock Analysis

• Market Cap: $364.92M
• Dividend Yield: N/A
• Average Volume (3M): 1.01M
• Price to Earnings (P/E): 72.1
• Beta (1Y): 1.01
• Revenue Growth: -14.36%
• EPS Growth: -73.74%
• Country: US
• Employees: 53,000
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): -0.09
• Shares Outstanding: 157,974,030
• 10 Day Avg. Volume: 1,094,228
• 30 Day Avg. Volume: 1,008,683
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 3.03
• Enterprise Value/Revenue: 0.36
• Enterprise Value/Gross Profit: 2.17
• Enterprise Value/Ebitda: 4.97
• 1Y Price Target: $7.00
• Price Target Upside: 181.12% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $2.00 ▼(-19.68% Downside)

Conduent's overall stock score reflects significant financial and operational challenges. The most impactful factors are the declining financial performance and bearish technical indicators. While there are some positive developments in the Transportation segment and AI initiatives, these are overshadowed by broader revenue declines and liquidity issues. The high P/E ratio suggests overvaluation, further impacting the stock's attractiveness.

Conduent Business Overview & Revenue Model

Company Description

Conduent Incorporated (CNDT) is a leading provider of diversified business services, specializing in digital transformation solutions for government and commercial clients. The company operates across various sectors including healthcare, transportation, and customer experience management. Conduent offers a wide range of services such as business process outsourcing, transaction processing, and information technology services, aiming to enhance operational efficiency and improve customer engagement for its clients.

How the Company Makes Money

Conduent generates revenue primarily through its business process outsourcing (BPO) services, which include handling customer interactions, processing transactions, and managing back-office functions for clients. The company has key revenue streams from sectors such as healthcare, where it provides services like claims processing and member management, as well as from transportation services including tolling and fleet management solutions. Additionally, Conduent earns revenue from technology solutions that support data analytics and digital platforms. Significant partnerships with government agencies and large corporations further enhance its earnings potential, as these collaborations often lead to long-term contracts and recurring revenue. The company's focus on digital transformation and automation also positions it to capitalize on trends in outsourcing and technology adoption.

Conduent Financial Statement Overview

Summary

Conduent faces financial challenges with declining revenue and negative cash flows. Despite improved leverage, substantial debt and operational inefficiencies persist. Strategic initiatives are needed to enhance revenue and cash flow.

Income Statement

Conduent has faced declining revenue over the past years, with a notable drop from $4.163 billion in 2020 to $3.186 billion TTM. The gross profit margin has decreased significantly, indicating cost pressures. TTM net profit margin stands at 8.66%, recovering from previous losses. However, negative EBIT reflects operational challenges. The company needs to address declining revenue and improve operational efficiency.

Balance Sheet

The debt-to-equity ratio has improved over time, from 1.44 in 2020 to 1.05 in TTM, suggesting better leverage management. However, total debt remains significant, and equity has decreased. The equity ratio of 31.60% TTM shows moderate financial stability. Conduent must manage its liabilities carefully to improve financial health.

Cash Flow

Conduent's cash flow situation is challenging, with negative operating and free cash flows in TTM. The free cash flow growth rate is concerning, and the company relies on financing activities to support cash requirements. Improving cash generation from operations is crucial to avoid liquidity risks.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.11B	3.36B	3.72B	3.86B	4.14B	4.16B
Gross Profit	511.00M	626.00M	570.00M	840.00M	1.00B	954.00M
EBITDA	223.00M	783.00M	43.00M	187.00M	382.00M	380.00M
Net Income	20.00M	426.00M	-296.00M	-182.00M	-28.00M	-118.00M
Balance Sheet
Total Assets	2.49B	2.60B	3.16B	3.57B	4.04B	4.26B
Cash, Cash Equivalents and Short-Term Investments	275.00M	366.00M	498.00M	582.00M	415.00M	450.00M
Total Debt	755.00M	829.00M	1.49B	1.47B	1.60B	1.72B
Total Liabilities	1.57B	1.61B	2.39B	2.65B	2.90B	3.07B
Stockholders Equity	919.00M	981.00M	771.00M	917.00M	1.13B	1.19B
Cash Flow
Free Cash Flow	-50.00M	-106.00M	-4.00M	-9.00M	96.00M	22.00M
Operating Cash Flow	-45.00M	-50.00M	89.00M	144.00M	243.00M	161.00M
Investing Cash Flow	257.00M	795.00M	-93.00M	173.00M	-142.00M	-134.00M
Financing Cash Flow	-226.00M	-877.00M	-81.00M	-131.00M	-132.00M	-74.00M

Conduent Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.49
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CNDT, the sentiment is Negative. The current price of 2.49 is above the 20-day moving average (MA) of 2.45, below the 50-day MA of 2.66, and below the 200-day MA of 2.77, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 30.46 is Neutral, neither overbought nor oversold. The STOCH value of 5.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CNDT.

Conduent Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
G	75 Outperform	$6.70B	12.75	21.86%	1.73%	7.37%	-14.64%
HCKT	64 Neutral	$485.84M	29.49	10.27%	2.48%	0.68%	-67.84%
TASK	64 Neutral	$1.14B	18.87	12.49%	―	19.04%	24.49%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
CNDT	46 Neutral	$364.92M	72.08	2.21%	―	-14.36%	-73.74%
XRX	46 Neutral	$386.30M	―	-93.23%	14.12%	3.67%	29.09%
UIS	38 Underperform	$240.26M	-2.85	―	―	-4.93%	18.65%

Conduent Corporate Events

Conduent’s Q3 2025 Financial Performance and Strategic Advances

Conduent Incorporated is a global technology-driven business process solutions and services company, operating across commercial, government, and transportation sectors, known for leveraging advanced technologies to enhance client operations and customer experiences. In its third quarter of 2025 earnings report, Conduent announced a revenue of $767 million, with a pre-tax loss of $38 million and an adjusted EBITDA margin of 5.2%. The company highlighted its successful debt refinancing and new business signings worth $111 million in annual contract value. Conduent’s financial performance showed a year-over-year decline in revenue by 5%, but an improvement in adjusted EBITDA by 25% compared to the previous year. The company also reported significant technological advancements, including the integration of generative AI into its government solutions and the expansion of its operations in the Philippines. Looking ahead, Conduent remains focused on cash generation, expanding pipeline opportunities, and maintaining liquidity, with a positive outlook on achieving its capital allocation target and continuing to deliver value to shareholders.

Conduent Reports Q3 Financial Results with Key Milestones

On November 7, 2025, Conduent announced its third-quarter financial results, highlighting a revenue of $767 million and a pre-tax loss of $38 million. The company achieved significant milestones, including debt refinancing, AI enhancements, and new business signings, despite challenges like government funding cycles and a federal shutdown. Conduent’s focus on operational efficiency led to improved Adjusted EBITDA margins, and it remains committed to cash generation and expanding opportunities within its client base.

The most recent analyst rating on (CNDT) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Conduent stock, see the CNDT Stock Forecast page.

Conduent Appoints Michael J. Fucci to Board

Conduent Incorporated announced the election of Michael J. Fucci, former Executive Chairman of Deloitte U.S. LLP, to its Board of Directors, effective October 27, 2025. Fucci brings over 40 years of leadership experience, having played a pivotal role in Deloitte’s growth and governance. His appointment is expected to provide strategic insight and support Conduent’s growth strategy, enhancing value for shareholders, clients, and associates.

The most recent analyst rating on (CNDT) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Conduent stock, see the CNDT Stock Forecast page.

Conduent Restructures, EVP Michael McDaniel Departs

Conduent Incorporated announced the termination of Michael McDaniel, Executive Vice President of Commercial Solutions, as part of a restructuring effort to eliminate a management layer. This decision, effective October 7, 2025, aligns with the company’s restructuring strategy, and Mr. McDaniel will receive severance benefits according to the company’s policy.

The most recent analyst rating on (CNDT) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Conduent stock, see the CNDT Stock Forecast page.

Conduent Completes Strategic Refinancing to Support Growth

On August 27, 2025, Conduent announced the successful completion of a refinancing of its existing term loan and revolving credit agreements. This refinancing includes the full prepayment of the Term A Loans, a reduction in the revolving credit facility, and the introduction of a new performance letter of credit facility. The refinancing is seen as a strategic move to strengthen Conduent’s financial foundation and support future growth, as stated by CFO Giles Goodburn. The transaction is expected to provide the right mix of debt instruments to support the company’s operations and capital allocation strategy.

The most recent analyst rating on (CNDT) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Conduent stock, see the CNDT Stock Forecast page.