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The Best And The Worst Channel Stocks In Q3 2020

Rick Whiting

Of the 24 companies on our watch list this quarter, 16 recorded stock price increases in the third quarter with eight recording stock price declines – including four by double-digit percentages. Take a look at whose shares managed to hold their value and which ones took the biggest losses.

Conduent

CEO: Cliff Skelton

June 30, 2020 Close: $2.39

Sept. 30, 2020 Close: $3.18

Change: +33.05%

Sept. 30, 2020 Market Cap: $665.35 Million (+33.16%)

Conduent had the biggest decline in its stock price (more than 61 percent) in the first half of 2020. The company wins applause for recording the biggest stock price gain, percentage-wise, (albeit less than $1) in the third quarter.

On Feb. 27, 2020, Cliff Skelton was appointed Conduent’s permanent CEO. He had served as interim CEO since August 2019 after then-CEO Ashok Vemuri stepped down.

For the first six months (ended June 30) of 2020 Conduent, No. 20 on the CRN Solution Provider 500, reported revenue of $2.07 billion, down nearly 9 percent from $2.27 billion in the first half of 2019. Conduent reported a $100 million net loss for the six-month period compared to a $1.34 billion net loss one year before.

 
Rick Whiting

Rick Whiting has been with CRN since 2006 and is currently a feature/special projects editor. Whiting manages a number of CRN’s signature annual editorial projects including Channel Chiefs, Partner Program Guide, Big Data 100, Emerging Vendors, Tech Innovators and Products of the Year. He also covers the Big Data beat for CRN. He can be reached at rwhiting@thechannelcompany.com.

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