Conduent (NYSE:CNDT) Shares Gap Down to $4.60

Conduent Incorporated (NYSE:CNDTGet Rating) gapped down prior to trading on Wednesday . The stock had previously closed at $4.60, but opened at $3.96. Conduent shares last traded at $3.84, with a volume of 48,554 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, downgraded Conduent from a “buy” rating to a “hold” rating in a research report on Thursday.

Conduent Stock Up 1.7 %

The stock’s 50-day moving average price is $4.56.

Conduent (NYSE:CNDTGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. The company had revenue of $967.00 million for the quarter, compared to analyst estimates of $980.09 million.

Conduent Company Profile

(Get Rating)

Conduent Incorporated provides business process services with capabilities in transaction-intensive processing, analytics, and automation in the United States, Europe, and internationally. It operates through three segments: Commercial Industries, Government Services, and Transportation. The Commercial Industries segment offers business process services and customized solutions to clients in various industries; and end-user customer experience management, transaction processing services, healthcare and human resource, and learning services.

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