StockStory has named three cash-rich companies it says investors should avoid, arguing that a strong cash position does not always signal a healthy business. IPG Photonics holds net cash of $871.3 million, or 27.7% of its market value. The fiber laser maker's sales fell 4.9% a year over five years, and earnings per share dropped faster than revenue. Its shares trade at $73.38, or 35.3x forward earnings. Strategic Education has net cash of $22.04 million, or 1.3% of market value. Domestic student numbers have disappointed over two years, and earnings per share grew only 3% a year over five years. The stock trades at $79.58, or 10x forward earnings. LeMaitre has net cash of $186 million, or 9.7% of market value. Its revenue base of $262.4 million limits its cost leverage. Shares trade at $83.69, or 27.3x forward earnings.

Business solutions company Conduent names Sundaresan chief information and technology officer. ROI-NJ Staff(Florham Park) September 15, 2026 Conduent Inc., a global technology-driven business solutions and services company, announced Sept. 14 the appointment of Narayanan Sundaresan as chief information and technology officer, effective immediately. Sundaresan has more than 28 years of experience leading enterprise technology organizations and digital transformation initiatives, with expertise driving AI-powered business transformation, modernizing enterprise platforms, advancing digital products, and strengthening cybersecurity and data governance. At Conduent, Sundaresan will lead the company's global technology organization and strategy in support of transformation and growth. He will focus on accelerating the adoption of AI-powered capabilities across the enterprise while continuing to strengthen the secure, reliable and scalable technology foundation needed to support Conduent's clients and operations. Sundaresan's leadership will help advance Conduent's efforts to modernize operations, scale innovation and deliver measurable outcomes for clients. "Narayanan joins Conduent at an important point in our transformation, and his experience will help us accelerate innovation, enhance client outcomes, and create greater value for our business," said Harsha V. Agadi, chief executive officer of Conduent. "I'm excited to welcome him to our leadership team and look forward to his impact as we turn our AI and technology strategy into measurable business results." Prior to joining Conduent, Sundaresan served as global chief information officer and senior vice president, digital products and technology at Strategic Education, where he led enterprise-wide AI work redesign and hyper-automation initiatives, technology harmonization across business units, and the development of global technology capabilities. He also previously held technology leadership positions at Capella Education Company, where he led digital technology initiatives, enterprise platforms and global technology delivery.