Back to top
Read MoreHide Full Article

Bethpage-based broadband communications and video services provider, Altice USA Inc. (ATUS - Free Report) , and business software & services provider, Amdocs Limited (DOX - Free Report) have recently announced the extension of their partnership. The companies have inked a multi-year deal to expand their key business and operational support systems.

The main focus behind the partnership is to jointly develop hybrid back-office systems by integrating Altice USA’s Cablevision and Suddenlink legacy business and operating systems and platforms, with those developed by Altice Labs and systems from Amdocs.

The solution enables Altice USA to quickly and flexibly design and launch new innovative offerings and bundles, accelerate order fulfillment over its existing fiber infrastructure and next generation fiber network, enable superior omni-channel customer service experience and prepare its systems for next-generation products and services.

This will simplify and modernize technology operations and provide a better experience to Altice USA’s customers. The strategic partnership between Altice USA and Amdocs will provide the best possible innovative, efficient and newly converged services to customers. Both companies have expressed their inclination to co-operate with each other and are looking forward to deliver industry-leading solutions.

Currently, both Altice USA and Amdocs carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Recent Events

Altice USA is on track with its five-year plan to build a fiber-to-the-home (FTTH) network and deploy its new home communications hub. Recently, the company made an announcement regarding the progress of its FTTH network deployment. Altice USA claims to reach 1 million homes by 2018. Its FTTH network will provide superior customer experience, enabling a more-connected home, business and society and delivering faster speeds to meet consumers’ demand.

Price Performance

Over the past month, shares of Altice USA have declined 5.9% compared with the industry’s loss of 1.3%.

When compared with the market at large, the stock’s performance looks further miserable, as the S&P 500 index has declined 0.3%, over the same time span. 

Stocks to Consider

A few better-ranked stocks in the broader Computer and Technology sector are Juniper Networks Inc. (JNPR - Free Report) , ADTRAN Inc. (ADTN - Free Report) and America Movil S.A. B. de C.V. (AMX - Free Report) . While Juniper sports a Zacks Rank #1 (Strong Buy), ADTRAN and America Movil carry a Zacks Rank #2 (Buy).

For 2017, EPS of Juniper, ADTRAN and America Movil are projected to grow 6.7%, 14.6% and 939.3%, respectively.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>

More from Zacks Analyst Blog

You May Like