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Conduent's Stock Plunge: Is This the Beginning of the End?
Alright, let's get one thing straight: Conduent's stock is tanking. Down 12%, then 18%? Ouch. Makes you wonder if anyone's still awake at the wheel over there.
The Numbers Game: Smoke and Mirrors?
So, Conduent reported their Q3 2025 earnings, and it's not pretty. Revenue down, EPS missing estimates... the usual corporate song and dance. They try to spin it, pointing to "momentum in pipeline and recurring revenue growth efforts" with new business signings reaching $111 million. Okay, fine. But the actual revenue is still DOWN.
And get this: they repurchased 4.7 million shares. Translation? They're trying to prop up the stock price. Classic move when things are circling the drain. It's like using a bucket to empty a sinking ship. Will it actually help? I doubt it.
They're also bragging about a new Pay-by-Plate tolling contract and some AI integration. Cool story, bro. Does it fix the core problem? Nah. It's like putting lipstick on a pig – still a pig.
But wait, there's more! Operating cash flow is NEGATIVE $39 million. Adjusted free cash flow? Negative $54 million. Where's all the money going? Into the share buybacks? Into the pockets of some execs? Don't get me started...
Data Breach Debacle: A Disaster on Top of a Disaster
Oh, and did I mention the data breach affecting 10.5 MILLION people? Yeah, that little detail. Lawsuits, Investigations Piling Up in Conduent Hack are piling up faster than you can say "negligence."
Conduent says they're working to secure their networks and notify affected individuals. Give me a break. This happened back in October 2024! It took them THIS long to figure out the extent of the damage? That's not just incompetence; it's borderline criminal.
And the affected clients? Blue Cross Blue Shield, Humana, state government agencies... This ain't just some mom-and-pop shop; this is sensitive data we're talking about. Social Security numbers, medical information... the whole shebang.
One of the lawsuits alleges Conduent "failed to implement reasonable data security measures." You think?
I mean, for real, what is going on over there? Is anyone competent still working at Conduent? Are they just waiting for their stock options to vest before jumping ship?
Speaking of ships...remember that time I tried to build a model ship in a bottle? Total disaster. Glue everywhere, broken masts... This Conduent situation is kinda like that, except instead of a model ship, it's the company's reputation sinking to the bottom of the ocean.
Then again, maybe I'm being too harsh. Maybe CEO Cliff Skelton really does have a plan. He's talking about exceeding their $1 billion capital allocation target and having "ample liquidity." But let's be real, CEOs always say that stuff. It's their job to put a positive spin on things, even when the ship is going down.
The problem is, I just don't buy it. The numbers don't lie. The stock price doesn't lie. And the lawsuits? They sure as hell don't lie.
