13 Best Technology Penny Stocks to Buy Right Now

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10. Conduent Inc. (NASDAQ:CNDT)

Share Price as of March 28: $2.88

Number of Hedge Fund Holders: 20

Conduent Inc. (NASDAQ:CNDT) offers digital business solutions and services globally. It operates through three segments. The Commercial segment offers business process services and customized solutions, the Government segment provides government-centric business process services, and the Transportation segment offers solutions to government transportation agency clients.

The commercial segment of the company is driven by customer retention and improved sales. Specifically, from Q2 to Q4 2024, the segment was able to win new customers and also made additional revenue from selling different services to existing clients. This was a rebound from the slow performance of 2023. However, the total revenue in Q4 2024 decreased by 3.7% year-over-year. The company managed to add around 2,500 offshore seats to increase capacity, which will be available in H1 2025.

In 2025, the company expects the commercial segment to rise by 2%. To be able to do so, Conduent Inc. (NASDAQ:CNDT) is making investments in new talent and offshore capabilities. It’s also integrating GenAI into its offerings to improve customer experiences and fraud detection.

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