CNDT
Second WindConduent Incorporated · Technology · United States · $278M cap · $1.6M/day traded
$1.34 -2.2% · close 11 Nov · scored 11 Nov
Score up 2.4 since 10 Nov: Momentum up 3.
Second Wind: Cheap with strong momentum, but the business does not earn the optimism.
As of 11 Nov 2026, the MoatMap Score for Conduent Incorporated (CNDT) is 43/100, ranked against 25,000+ stocks in 38 markets (Quality 23, Value 57, Momentum 57, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT CONDUENT INCORPORATED
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Conduent Incorporated provides mission-critical business process services (BPS) to commercial and government clients globally, including transaction processing, customer care, and payment solutions. The company is a large-scale BPS provider with deep expertise in complex processes and a significant installed client base. Conduent focuses on optimizing client operations through technology-driven solutions, incorporating automation and analytics.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.9B | 3.7B | 3.4B | 3.0B | -7.6% | 2.9B | 2.3B | 2.2B | -15.1% |
| EPS | -0.89 | -1.41 | 2.28 | -1.14 | — | -1.13 | — | — | — |
| Shares | 218.3M | 211.5M | 161.8M | 154.7M | -29.1% | 155.7M | — | — | — |
| Debt | 1.5B | 1.5B | 829.0M | 841.0M | -18.1% | 1.0B | — | — | — |
| Equity | 917.0M | 629.0M | 839.0M | 685.0M | -9.3% | — | — | — | — |
| Op CF | 144.0M | 89.0M | -50.0M | -73.0M | -38.2% | -69.0M | — | — | — |
| Inv CF | 173.0M | -93.0M | 795.0M | -28.0M | — | — | — | — | — |
| Fin CF | -131.0M | -81.0M | -877.0M | -39.0M | — | — | — | — | — |
No new 52-week low for 32 weeks, 19% above that low, but not back above a rising 50-day average.
The Momentum score still reads 57: it looks back six months, so it has not caught up with this fall.
Swung more than 85% of stocks we rank over the past year (volatility 74% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of CNDT are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| CNDT | Conduent Incorporated(you) | $278M | 43 |
| TTGT | TechTarget, Inc. | $268M | 43 |
| UIS | Unisys Corporation | $184M | 34 |
| TSSI | TSS, Inc. | $196M | 33 |
| VRRM | Verra Mobility Corporation | $470M | 64 |
| NABL | N-able, Inc. | $967M | 52 |
| TTEC | TTEC Holdings, Inc. | $74M | 55 |
| CTM | Castellum, Inc. | $51M | 37 |
| WYFI | WhiteFiber, Inc. | $388M | 5 |
| WYY | WidePoint Corporation | $68M | 26 |
Peer medians: ROE 6.1% · P/E 28.8x · Gross margin 52.2%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.