Back to top

Image: Bigstock

Amdocs Limited

Read MoreHide Full Article

Amdocs' Q4 results improved year-over-year. However, exposure to foreign currency exchange rate risk is a major concern. A sequential impact of $5 million in foreign currency movements affected the top-line. Moreover, high concentration risk remains a significant challenge. Decline in spending by Amdocs’ largest client — AT&T— is affecting the company. Continued drag in the directory systems market remains a headwind. This downtrend, which has been persistent for the past couple of years, is expected to continue. Shares have underperformed the industry on a year-to-date basis. However, Amdocs' growing client base and portfolio expansion are positives. Its support for Comcast Business’ commercially available software-defined wide area networking service is likely to drive growth.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Amdocs Limited (DOX) - free report >>

Published in