Conduent Faces Further Client Spending Headwinds

Summary

  • Conduent Incorporated provides business process outsourcing services to global organizations.
  • The company is facing spending headwinds in its Commercial Industries segment.
  • I remain Neutral [Hold] on Conduent Incorporated until management can reignite revenue growth.
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­­A Quick Take On Conduent

Conduent Incorporated (NASDAQ:CNDT) provides business process outsourcing for transaction-intensive organizations worldwide.

I previously wrote about Conduent with a Hold outlook.

Conduent continues to face spending headwinds in its Commercial Industries segment, so I reiterate my

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This article was written by

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Donovan Jones is a research specialist with 15 years of experience identifying opportunities for IPOs and public software companies.

He also leads the investing group IPO Edge, which offers actionable information on growth stocks through first-look IPO filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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