Conduent, Inc. (CNDT)
NASDAQInformation TechnologyInformation Technology ServicesSnapshot 2026-09-09
$1.59-3.64%
Close 2026-09-09 · 1-day change
NASDAQInformation TechnologyInformation Technology ServicesSnapshot 2026-09-09
Broken: Primary pillar broken — Reduce operating losses toward break-even: Operating loss not reported.
Conduent aims for $2.8B to $2.9B revenue in 2026. Operating losses improved from -$38M to -$27M. Cash flow from operations showed sharp gains in late 2025. Management is focused on fixing profits and cash flow.
Revenue is falling and earnings remain negative. Cash flow is unstable. Leadership changes and lawsuits add risk.
The market is selling off the stock amid losses and risks. No clear consensus revenue or earnings growth is priced in. Our view is cautious given weak profits and volatile cash flow.
Breaks if: Cash flow remains negative or declines further
Improve cash flow from operating activities and adjusted free cash flow through working capital management and operational improvements.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a speculative growth opportunity with a focus on potential recovery. The current thesis state indicates volatility in management and earnings, which may affect long-term performance.
The market appears to have priced in a high level of risk, as CNDT is currently loss-making. Recent valuation increases suggest some optimism, but expectations may still be cautious given the company's recent earnings miss and sector performance.
Fundamentals are likely to remain under pressure in the near term, especially with revenue declining against guidance. Management's efforts to simplify the portfolio and improve operating income show mixed progress, indicating uncertainty in achieving their targets.
The thesis hinges on several factors, including management's ability to meet revenue guidance and improve the cost structure. Additionally, external influences like Federal Reserve rate cuts and performance from sector leaders could significantly impact CNDT's trajectory.
The most important moves since the prior daily snapshot.
Yes, our read has weakened. The latest earnings report missed expectations. This miss threatens revenue guidance of $2.8 billion to $2.9 billion for 2026. The company also outlined a lower revenue guide of $2.15 billion to $2.25 billion.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated in 3 quarters including 2026-Q2, 2026-Q1, and 2025-Q4. Cash flow from operating activities improved by $22 million year-over-year in 2026-Q2 and by $50 million in 2026-Q1, reflecting better working capital management and project realization. The trajectory shows delivering progress on enhancing cash flow from operations.
“Cash flow from operating activities improved by $22 million year-over-year.”
“Cash flow from operating activities $(8)M, improved by $50M year-over-year.”
“Cash flow from operating activities $39M, positive improvement noted.”
Breaks if: Operating loss worsens or stays below -$27M
Breaks if: Revenue falls below $2.8B in 2026
Management aims to meet full-year 2026 revenue guidance between $2.8 billion and $2.9 billion.
Overall, the outlook for CNDT over the next 1 to 3 years is uncertain, with several risks and opportunities at play. Not investment advice.