Best strategies That Can Drive you on this: Conduent Incorporated (CNDT)

On 07 Jan 2020, Conduent Incorporated (NASDAQ: CNDT) stock observed trading -63.05% off 52-week high price. On the other end, the stock has been noted 8.74% away from low price over the last 52-weeks. The stock disclosed a move of -10.63% away from 50 day moving average and -31.77% away from 200 day moving average. Moving closer, we can see that shares have been trading -8.98% off 20-day moving average. The USA based company Conduent Incorporated moved with change of 2.33% to $5.72 with the total traded volume of 1566927 shares in recent session versus to an average volume of 1500.12K.

Conduent (CNDT) recently reported its third quarter 2019 financial results.

“Over the last 90 days, the team has started to build on the foundational work that was developed over the past three years,” stated Conduent CEO, Cliff Skelton. “While our efforts on growing new business signings will not lead to immediate results, we are focused on driving improvement in both sales and operational performance. We hope to see the team’s hard work manifest in our leading indicators in the near-term.”

Third Quarter 2019 Results

Third quarter 2019 revenue was $1,098M, down (15.8%) contrast to Q3 2018. Not Including divestitures completed in 2018, revenue was down (3.9%) contrast with Q3 2018 or (3.5%) in constant currency.

Pre-tax income was $(14)M contrast to $(252M) in Q3 2018. GAAP operating margin as stated was (1.3%) contrast to (19.3%) in Q3 2018. The company stated Q3 2019 GAAP net income of $(16M) contrast to $(237M) in Q3 2018. Diluted EPS from continuing operations was ($0.09) versus ($1.16) in the same period last year.

Third quarter adjusted operating income was $72M, with an adjusted operating margin of 6.6% as contrast to adjusted operating income of $104M, with an adjusted operating margin of 8.0% in Q3 2018.  Adjusted EBITDA was $127M, with an adjusted EBITDA margin of 11.6%, as contrast to $157M, with an adjusted EBITDA margin of 12.0% in Q3 2018.  Further adjusting for the impact of all divestitures, Adjusted EBITDA declined (10.6%) contrast with Q3 2018 while adjusted EBITDA margin reduced (80) bps.

The company stated adjusted diluted EPS from continuing operations of $0.16 contrast to $0.28 in Q3 2018.

Conduent had cash inflow from operations of $18M during the third quarter of 2019 contrast to cash outflows of $(30)M in Q3 2018.

Total contract value (TCV) signings of $746M for the quarter were up 1.0% contrast with Q3 2018, Because of an (11.0%) decrease in new business signings and an 8.0% increase in renewal signings.  The renewal rate for the quarter was 93%, and up 300 bps contrast to Q3 2018. Note, this compare excludes divestitures.

CNDT’s shares are at -1.55% for the quarter and driving a -49.38% return over the course of the past year and is now at -7.74% since this point in 2018.  The average volatility for the week and month was at 5.34% and 3.86% respectively.


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