CNNE - Cannae Holdings, Inc.

NYSE - NYSE Delayed Price. Currency in USD
28.52
-0.96 (-3.26%)
At close: 4:02PM EDT
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Previous Close29.48
Open29.40
Bid28.48 x 800
Ask28.50 x 800
Day's Range28.40 - 29.54
52 Week Range15.87 - 32.03
Volume194,703
Avg. Volume208,117
Market Cap2.06B
Beta (3Y Monthly)N/A
PE Ratio (TTM)27.93
EPS (TTM)1.02
Earnings DateMay 8, 2019 - May 13, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est35.00
Trade prices are not sourced from all markets
  • Thomson Reuters StreetEvents

    Edited Transcript of CNNE.N earnings conference call or presentation 8-Aug-19 3:00pm GMT

    Q2 2019 Cannae Holdings Inc Earnings Call

  • Cannae Holdings, Inc. (CNNE) Q2 2019 Earnings Call Transcript
    Motley Fool

    Cannae Holdings, Inc. (CNNE) Q2 2019 Earnings Call Transcript

    CNNE earnings call for the period ending June 30, 2019.

  • Business Wire

    Cannae Reports Second Quarter 2019 Results with $1.19 Billion Book Value of Portfolio Company Investments, or $16.42 Per Share

    Cannae Holdings, Inc. today reported operating results for the three and six-month periods ended June 30, 2019.

  • Cannae Holdings (CNNE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks

    Cannae Holdings (CNNE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    Cannae Holdings (CNNE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • 10 Small-Cap Stocks to Buy Before They Grow Up
    InvestorPlace

    10 Small-Cap Stocks to Buy Before They Grow Up

    One of the themes of this bull market has been that the best stocks to buy haven't been value plays -- and they haven't been small-cap stocks, either. Big growth names have outperformed; smaller stocks generally have not.Source: Shutterstock Indeed, as the Wall Street Journal noted just this week, small-cap stocks have underperformed large-caps by a full 15 percentage points over just the past year. Why exactly that is remains up for debate. Scale may be a greater asset in the modern business world -- particularly in tech. Or as some fear, the lack of enthusiasm toward small caps suggests worries about the near-term fate of the U.S. economy. * 7 Semiconductor Stocks to Buy for Your Inner Geek Whatever the case, in a market that lacks bargains, the small-cap stocks space offers a few. These 10 stocks to buy fit the traditional definition of small-cap stock with a market capitalization of $2 billion or less. All 10 have plenty of reasons to see those market capitalizations moving higher.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Turtle Beach (HEAR)Source: Shutterstock Gaming headset manufacturer Turtle Beach (NASDAQ:HEAR) has offered one of the more incredible rides of any stock in the market over the past few years. On a split-adjusted basis, the stock went from $80+ in 2013 to $2+ by early 2018. The numbers are 'split-adjusted' because Turtle Beach had to execute a reverse split in April of 2018 just to get its stock price above $1, and keep its NASDAQ listing. Bankruptcy seemed possible, if not likely.Then Fortnite happened. Demand skyrocketed. Weeks after the reverse split, earnings rose, and HEAR exploded. By August, the stock had gained 1,600% just in 2018. The narrative then turned again.After all, bears argued, Fortnite was supplying a short-term boost in demand. Turtle Beach's growth would reverse in 2019. That's exactly what happened -- and HEAR stock headed back to the single digits.But HEAR stock has rallied of late, and there should be more ahead. 2019 results are headed down, but that doesn't doom the company. The company still should be able to grow going forward, with many of the headsets sold in 2018 likely to be replaced in 2020 and 2021. Meanwhile, gaming-related stocks like Nvidia (NASDAQ:NVDA) and Logitech (NASDAQ:LOGI) are getting premium multiples, but HEAR stock remains cheap.Long story short, HEAR should have pulled back from $30+, but a decline to $10 looks like too much. And investors willing to use options can sell puts (as I have) to capitalize on still-high short interest in this small cap stock. Tivity Health (TVTY)Source: Shutterstock In the past two years, shares of small-cap stock Tivity Health (NASDAQ:TVTY) have plunged twice. TVTY stock fell 32% back in November 2017, when UnitedHealth Group (NYSE:UNH) announced it would provide a fitness benefit to Medicare Advantage members. That benefit competed with Tivity's Silver Sneakers program, which provides free gym visits for senior citizens under Medicare and private plans.TVTY stock dropped about the same, on a percentage basis, in December of last year, when the company acquired Nutrisystem. And the two plunges, about thirteen months apart, highlight the two key risks to Tivity Health stock.First, can the company survive in a healthcare space increasingly populated by giants? And, second, was the Nutrisystem deal a bad move? After all, Nutrisystem already had started struggling before Tivity acquired it.With TVTY down close to 60% from December highs, both risks look priced in. Silver Sneakers and the company's other programs are growing. And Nutrisystem was attractive enough as a business that I owned the shares ahead of the acquisition even with a slowdown. The combined company can offer real value to health care payors -- and to end customers. At this point, even if Tivity did overpay, it's lost about $1 billion in market capitalization -- getting close to equal to what it paid for Nutrisystem. * 4 Biotech Stocks Sliding Lower That's not to say the risks aren't real. They are. Q2 earnings, due in early August, likely will move the stock. But at 7x forward earnings, TVTY looks like not just a high-risk play, but a high-reward one as well. Century Casinos (CNTY)Source: Shutterstock The worry with Century Casinos (NASDAQ:CNTY) might be that at least a few investors already have figured out the story here. Century historically has been a sleepy stock, albeit one that has generated solid returns since the financial crisis. A lack of focus -- the company has operations in Poland and several Canadian markets, along with a now-smaller business running cruise ship casinos -- and a small size gave CNTY of a "best kept secret" kind of feel.But a recent deal with Eldorado Resorts (NASDAQ:ERI) changes that case and led CNTY to sky 12% before a recent pullback. Century is picking up three U.S. casinos while leasing the assets to REIT VICI Properties (NYSE:VICI). 96% of profits now come from North America, and Century got a great price, as Eldorado needed to divest the properties ahead of its planned merger with Caesars Entertainment (NASDAQ:CZR).That said, there's still a nice story, even if CNTY already has run up (gaining 30% so far this year). There are other small- to mid-sized properties Century can target if it wants to replicate Eldorado's successful growth-by-acquisition strategy. The balance sheet, even after the acquisitions, remains in good shape. Earnings are growing despite macroeconomic weakness in western Canada. And the small-cap stock, on a peer basis, remains cheap. There could -- and probably should -- be more upside ahead. Kulicke & Soffa (KLIC)Source: Shutterstock At first glance, semiconductor equipment manufacturer Kulicke & Soffa (NASDAQ:KLIC) looks like an awful stock -- even for a small-cap play. Sales in the first half of fiscal 2019 declined 37%. Analysts expect EPS this year of just $0.52 - against $2.43 the year before. And yet KLIC trades at almost 50x that consensus estimate.But Kulicke & Soffa is a semiconductor equipment manufacturer. That's a brutally cyclical industry, which explains why revenue has pulled back amid uneven chip demand. And the company has nearly $10 per share in cash on the balance sheet, which means its 'true' earnings estimates are much lower.Indeed, analysts are looking for a rebound in FY20 EPS to $1.77, albeit with a wide range. K&S' own guidance for fiscal Q3, which will be reported next week, suggests improving revenue trends. Should those fiscal 2020 earnings estimates be roughly in line, KLIC ex-cash trades for something like 8x forward EPS -- a very attractive multiple. And the long-term trends favoring semiconductor stocks -- 5G, IoT, autonomous driving, etc. -- all can help demand for Kulicke & Soffa products, even if that demand likely will stay choppy. * 7 Stocks to Buy That Save You Money In a market where chip names have rallied of late, including larger semicaps like Applied Materials (NASDAQ:AMAT) and Lam Research (NASDAQ:LRCX), KLIC has somewhat underperformed. Assuming demand bounces back -- and it should -- that will change in the coming quarters. Cannae Holdings (CNNE)Source: Shutterstock There are two aspects to the Cannae Holdings (NYSE:CNNE) bull case. The first is an attractive 'sum of the parts' argument. Cannae holds a stake in Ceridian HCM Holdings (NYSE:CDAY), which it is slowly divesting. Cannae also holds leveraged equity in Dun & Bradstreet, which it helped take private last year, along with other assets including restaurant chains. (Those chains, including O'Charley's and Village Square, have been the most disappointing part of the business so far.)On paper, then, CNNE has upside. But the second part of the bull case is that in practice, the cash coming from sales of Ceridian stock are going to a management team that has created huge shareholder value in past efforts. Cannae comes from the Fidelity National Financial (NYSE:FNF) tree, whose chairman Bill Foley has proven to be a masterful allocator of capital. Investors in CNNE basically are getting an opportunity to invest alongside Foley and his management team at a discount. Opportunities don't get much better than that. SailPoint Technologies (SAIL)Source: Shutterstock SailPoint Technologies (NYSE:SAIL) stumbled badly after its Q1 report in May. SAIL stock fell nearly 30% following a full-year guidance cut. But there's been a rally in recent weeks ahead of next month's second quarter release - and the story here isn't quite as bad as that price action suggested.SailPoint provides identity management software for businesses -- a space with obvious demand growth. And while SailPoint did cut guidance after the first quarter, the issues appear to be more related to execution than a slowing market. That's not necessarily great news, to be sure - but it does suggest a problem that can be fixed, rather than a permanent deceleration of growth that needs to be priced into SAIL.Meanwhile, even that lowered guidance suggests strong performance, with SailPoint looking for revenue to increase about 12%. Earnings are guided downward year-over-year, but should bounce back in 2020 and beyond. * 7 Semiconductor Stocks to Buy for Your Inner Geek The story here is dented but not broken. And with many software plays trading at nosebleed valuations -- including peer Okta (NASDAQ:OKTA), which is valued at almost 30x sales -- that could provide an opportunity. If SailPoint can right its ship (pardon the pun), there's room for huge gains. Boise Cascade (BCC)Source: Shutterstock There's a lot to like when it comes to Boise Cascade (NYSE:BCC). BCC stock is reasonably cheap, at a likely low double-digit multiple to 2019 adjusted EPS. The lumber producer is shifting its strategy, focusing on engineering wood in its Wood Products division and aiming to grow market share on the distribution side. That could drive growth and margin expansion going forward -- neither of which look priced into BCC right now.There are some risks. Debt is a modest concern, although manageable. The same is true of the company's pension expense, though the company moved ~60% of participants off its books last year. From an industry standpoint, the construction cycle needs to stay strong, and there is no shortage of housing-related stocks at similarly cheap multiples right now.Still, there's a nice under-the-radar story here -- and a nice combination of value and growth potential. PetIQ (PETQ)Source: Shutterstock The case for PetIQ (NASDAQ:PETQ) is much the same as it is other for other pet-centric plays. Americans, in particular, are spending more money on more pets every year. And so Chewy (NYSE:CHWY) has a market cap of $12 billion, and General Mills (NYSE:GIS) acquired Blue Buffalo for $8 billion. There is real growth in the U.S. pet market.PetIQ has two primary ways to play that growth. Its growing network of veterinary offices targets the services side. It sells products under national brands as well, including prescriptions. The latter category should be boosted by the $185 million acquisition of the animal services business of Perrigo (NYSE:PRGO).PetIQ has seen some choppy trading, and choppy performance, since its IPO in 2017. But the company, and the stock look to be back on track. Merck (NYSE:MRK) reportedly is considering an acquisition in the category, and PetIQ could be a target. On its own, market gains, the Perrigo acquisition, and share increases should allow the company to grow into a reasonable, if somewhat steep, ~30x forward P/E multiple. * Should You Buy or Sell These 5 Hot IPOs? Either way, both investors and acquirers have shown they'll pay up to enter the pet market and PETQ might be the most attractive play in it right now. Opera Limited (OPRA)Source: Shutterstock Small-cap stock Opera Limited (NASDAQ:OPRA) has an interesting story and a reasonable valuation. The Norwegian company provides web browsers -- both PC and mobile -- overseas, with over 350 million users. It's adding a fintech business -- including a microlending effort -- while looking to drive growth in developing markets in Africa and Asia.Those growth efforts are hitting profits this year - but OPRA stock still is reasonably cheap, at 19x 2020 EPS estimates. The company has no debt, which de-risks the story somewhat.To be sure, there's still risk. Competition from the likes of Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT) will remain intense. Developing markets raise macro exposure: advertisers may pull back on spending if domestic economies weaken. Even a stronger dollar could hit reported profits and value for U.S. investors.But in a market where seemingly every growth story is priced at a premium, Opera has an interesting story of its own. And the valuation is such that if that story plays out, the upside could be tremendous. Progress Software (PRGS)Source: Shutterstock Another software stock with an intriguing growth and value combination is Progress Software (NASDAQ:PRGS). Top-line growth for Progress has stalled out in recent years, but a 10% constant-currency increase in the fiscal second quarter suggests brighter days may be ahead. PRGS has jumped after its last two reports, including a huge gain after Q1 (thanks to second quarter guidance), but a recent pullback brings the price back into value territory. PRGS trades at less than 16x next year's earnings. * 10 Companies I'd Love to See Go Public On this site last month, Will Healy named PRGS one of 3 software stocks to buy. As Healy noted, Progress could be an acquisition target, particularly once it integrates its recent purchase of privately held Ipswitch. If fiscal 2019 results are any indication, PRGS should rally, whether on a buyout offer or on its own.As of this writing, Vince Martin is short puts in Turtle Beach and long shares of Cannae Holdings. He has no positions in any other securities mentioned.The post 10 Small-Cap Stocks to Buy Before They Grow Up appeared first on InvestorPlace.

  • Business Wire

    Cannae Holdings, Inc. Announces Second Quarter 2019 Earnings Release Date and Conference Call

    Cannae Holdings, Inc. (CNNE) (“Cannae” or the “Company”) today announced that the Company will release its second quarter 2019 financial results before the market open on August 8, 2019. The Company will also hold a conference call to discuss its financial results at 11:00 am (Eastern Time) on the same day. The conference call can be accessed by dialing 1-877-407-0789 (domestic) or 1-201-689-8562 (international) and asking for the Cannae Holdings Second Quarter 2019 Earnings Call.

  • PR Newswire

    QOMPLX Secures $78.6 Million Series A Financing Led By Cannae Holdings And Motive Partners

    RESTON, Va., July 23, 2019 /PRNewswire/ -- QOMPLX™, an intelligent decision platform provider, today announced it has closed its Series A financing totalling $78.6 million, led by Cannae Holdings, Inc. and Motive Partners. Formerly known as Fractal Industries, QOMPLX will use the growth capital to rapidly expand the company and accelerate growth. Cannae Holdings Chairman William Foley II has joined QOMPLX's Board of Directors.

  • Business Wire

    Cannae Holdings, Inc. Announces Dun & Bradstreet Completes Acquisition of Lattice Engines

    Cannae Holdings, Inc. (CNNE) (“Cannae”) today announced that Dun & Bradstreet (“DNB”), a Cannae portfolio company, announced the completion of the acquisition of Lattice Engines, positioning DNB as a leading provider of integrated data and analytics solutions for B2B marketing and sales professionals. A majority of the purchase price was funded by the DNB equity partner’s, of which Cannae invested approximately $24 million. “We see immense value in the acquisition of Lattice Engines for both our customers and the market,” said Michael Bird, Executive Vice President and General Manager of Sales and Marketing Solutions at Dun & Bradstreet.

  • Business Wire

    Cannae Holdings, Inc. Announces Pricing of Ceridian’s Secondary Public Offering

    Cannae Holdings, Inc. (CNNE) (“Cannae” or the “Company”) today announced that Ceridian HCM Holding Inc. (“Ceridian”), a Cannae portfolio company, priced an underwritten secondary public offering by Cannae Holdings, Inc. and affiliates of Thomas H. Lee Partners, L.P. (the “Selling Stockholders”) of 8,000,000 shares of Ceridian’s common stock, par value $0.01 per share (the “Common Stock”), at a public offering price of $50.50 pursuant to a shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). As part of the offering, Cannae sold 2,000,000 shares.

  • Thomson Reuters StreetEvents

    Edited Transcript of CNNE.N earnings conference call or presentation 9-May-19 3:00pm GMT

    Q1 2019 Cannae Holdings Inc Earnings Call

  • Cannae Holdings, Inc. (CNNE) Q1 2019 Earnings Call Transcript
    Motley Fool

    Cannae Holdings, Inc. (CNNE) Q1 2019 Earnings Call Transcript

    CNNE earnings call for the period ending March 31, 2019.

  • Business Wire

    Cannae Reports First Quarter 2019 Results with $1.15 Billion Book Value of Portfolio Company Investments, or $15.99 Per Share

    Cannae Holdings, Inc. today reported operating results for the three-month period ended March 31, 2019.

  • Did Hedge Funds Drop The Ball On Cannae Holdings, Inc. (CNNE) ?
    Insider Monkey

    Did Hedge Funds Drop The Ball On Cannae Holdings, Inc. (CNNE) ?

    At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Tiger Global because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps […]

  • Cannae Holdings (CNNE) Reports Next Week: Wall Street Expects Earnings Growth
    Zacks

    Cannae Holdings (CNNE) Reports Next Week: Wall Street Expects Earnings Growth

    Cannae Holdings (CNNE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Business Wire

    Cannae Holdings, Inc. Announces First Quarter 2019 Earnings Release Date and Conference Call

    Cannae Holdings, Inc. (CNNE) (“Cannae” or the “Company”) today announced that the Company will release its first quarter 2019 financial results before the market open on Thursday, May 9, 2019. The Company will also hold a conference call to discuss its financial results at 11:00 am (Eastern Time) on the same day. The conference call can be accessed by dialing 1-877-407-0789 (domestic) or 1-201-689-8562 (international) and asking for the Cannae Holdings First Quarter 2019 Earnings Call.

  • Thomson Reuters StreetEvents

    Edited Transcript of CNNE.N earnings conference call or presentation 14-Mar-19 3:00pm GMT

    Q4 2018 Cannae Holdings Inc Earnings Call

  • Earnings Estimates Rising for Cannae Holdings (CNNE): Will It Gain?
    Zacks

    Earnings Estimates Rising for Cannae Holdings (CNNE): Will It Gain?

    Cannae Holdings (CNNE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

  • New Strong Buy Stocks for March 19th
    Zacks

    New Strong Buy Stocks for March 19th

    New Strong Buy Stocks for March 19th

  • GuruFocus.com

    Cannae Holdings Inc (CNNE) Files 10-K for the Fiscal Year Ended on December 31, 2018

    Cannae Holdings Inc is a diversified holding company. The company holds investments in a variety of industries including Restaurants, Technology Enabled Healthcare Services, Financial Services and more. Warning! GuruFocus has detected 5 Warning Sign with LIN.

  • Cannae Holdings, Inc. (CNNE) Q4 2018 Earnings Conference Call Transcript
    Motley Fool

    Cannae Holdings, Inc. (CNNE) Q4 2018 Earnings Conference Call Transcript

    CNNE earnings call for the period ending December 31, 2018.

  • ACCESSWIRE

    Cannae Holdings, Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / March 14, 2019 / Cannae Holdings, Inc. (NYSE: CNNE ) will be discussing their earnings results in their 2018 Fourth Quarter Earnings to be held on March 14, 2019, 2018 at 11:00 ...

  • 3 Reasons Growth Investors Will Love Cannae Holdings (CNNE)
    Zacks

    3 Reasons Growth Investors Will Love Cannae Holdings (CNNE)

    Cannae Holdings (CNNE) possesses solid growth attributes, which could help it handily outperform the market.

  • Business Wire

    Cannae Reports Fourth Quarter 2018 Results with $1.125 Billion Book Value of Portfolio Company Investments, or $15.58 Per Share

    Cannae Holdings, Inc. today reported operating results for the three and twelve-month periods ended December 31, 2018.

  • Business Wire

    Cannae Holdings, Inc. Updates Timing of Fourth Quarter and Full Year 2018 Earnings Release Date and Conference Call

    Cannae Holdings, Inc. (CNNE) (“Cannae” or the “Company”) today announced that the Company has rescheduled the date of its previously announced earnings release and conference call to allow additional time to complete its Annual Report on Form 10-K (“Annual Report”). The Company requires additional time to complete its procedures with respect to the adoption and application of Accounting Standard Update No. 2014-09, Revenue from Contracts with Customers (“ASC 606”) related to its T-System reporting segment. The Company will release its fourth quarter and full year 2018 financial results before the market open on Thursday, March 14, 2019.

  • Earnings Preview: Cannae Holdings (CNNE) Q4 Earnings Expected to Decline
    Zacks

    Earnings Preview: Cannae Holdings (CNNE) Q4 Earnings Expected to Decline

    Cannae Holdings (CNNE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.