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Here's Why You Should Bet on Amdocs (DOX) Stock Right Now
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Formed in 1982, Amdocs Limited (DOX - Free Report) is a premier provider of customer relationship management and billing software to communications service suppliers. The company started as a manufacturer of telephone directory publishing technologies in Israel and completed several well-timed acquisitions to emerge as a leader in the market of business support systems.
Growth Drivers
Amdocs introduced a new digital customer management and commerce platform called Optima, which can monetize any product or service and supports the full business lifecycle. It mainly targets midsized communication businesses and digital firms. Seaborne Networks, which develops and operates submarine fiber optic cable systems, has selected Optima in a seven-year managed services contract. The company also launched Amdocs Omni-Channel Experience integrated with Google’s mobile data application program interface. The new products are expected to boost the company's top line.
The company continues to expand its global client base by signing long-term contracts. Amdocs struck a three-year deal with Roger Communication to enhance operating efficiency of mobile, cable, wireline and broadband Internet services. The company also signed a deal with AT&T Inc. (T - Free Report) . Per the deal, it will be the integrator for developers and telecom firms interested in using AT&T’s ECOMP (Enhanced Control, Orchestration, Management & Policy) service. Amdocs will assist AT&T in marketing this service worldwide. Collaborating with a major telecommunication industry player on an upcoming technology platform will surely benefit Amdocs and boost its top line.
Amdocs performed almost in line with the Zacks categorized Computers - IT Services industry in the last three months, with an average return of 4.3% compared with 4.1% gain for the latter. In addition, Amdocs has a Value Growth Momentum Score (VGM Score) of ‘A’ and a Zacks Rank #2 (Buy). Our research shows that stocks with a VGM Score of ‘A’ or ‘B’, when combined a Zacks Rank #1 (Strong Buy) or #2, offer the best investment opportunities for investors. Consequently, Amdocs appears to be a solid investment proposition at the moment compared to its peers.
CDK Global has a long-term earnings growth expectation of 12.5%. It surpassed estimates in each of the trailing four quarters with an average positive earnings surprise of 8.01%.
Computer Task Group has a long-term earnings growth expectation of 10%. It exceeded estimates thrice in the trailing four quarters with an average positive earnings surprise of 35.0%.
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Here's Why You Should Bet on Amdocs (DOX) Stock Right Now
Formed in 1982, Amdocs Limited (DOX - Free Report) is a premier provider of customer relationship management and billing software to communications service suppliers. The company started as a manufacturer of telephone directory publishing technologies in Israel and completed several well-timed acquisitions to emerge as a leader in the market of business support systems.
Growth Drivers
Amdocs introduced a new digital customer management and commerce platform called Optima, which can monetize any product or service and supports the full business lifecycle. It mainly targets midsized communication businesses and digital firms. Seaborne Networks, which develops and operates submarine fiber optic cable systems, has selected Optima in a seven-year managed services contract. The company also launched Amdocs Omni-Channel Experience integrated with Google’s mobile data application program interface. The new products are expected to boost the company's top line.
The company continues to expand its global client base by signing long-term contracts. Amdocs struck a three-year deal with Roger Communication to enhance operating efficiency of mobile, cable, wireline and broadband Internet services. The company also signed a deal with AT&T Inc. (T - Free Report) . Per the deal, it will be the integrator for developers and telecom firms interested in using AT&T’s ECOMP (Enhanced Control, Orchestration, Management & Policy) service. Amdocs will assist AT&T in marketing this service worldwide. Collaborating with a major telecommunication industry player on an upcoming technology platform will surely benefit Amdocs and boost its top line.
Amdocs performed almost in line with the Zacks categorized Computers - IT Services industry in the last three months, with an average return of 4.3% compared with 4.1% gain for the latter. In addition, Amdocs has a Value Growth Momentum Score (VGM Score) of ‘A’ and a Zacks Rank #2 (Buy). Our research shows that stocks with a VGM Score of ‘A’ or ‘B’, when combined a Zacks Rank #1 (Strong Buy) or #2, offer the best investment opportunities for investors. Consequently, Amdocs appears to be a solid investment proposition at the moment compared to its peers.
Other Stocks to Consider
Some other favorably ranked stocks in the industry include CDK Global, Inc. and Computer Task Group, Incorporated , each holding a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
CDK Global has a long-term earnings growth expectation of 12.5%. It surpassed estimates in each of the trailing four quarters with an average positive earnings surprise of 8.01%.
Computer Task Group has a long-term earnings growth expectation of 10%. It exceeded estimates thrice in the trailing four quarters with an average positive earnings surprise of 35.0%.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>