AMDOCS LIMITED ● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● In a short-term perspective, the company has interesting fundamentals.
Strengths
● The share is getting closer to its long-term support in weekly data, at USD 53.83, which offers good timing for buyers.
● The close medium term support offers good timing for purchasing the stock.
● The group's high margin levels account for strong profits.
● The company is in a robust financial situation considering its net cash and margin position.
● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Weaknesses
● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
● The underlying tendency is negative on the weekly chart below the resistance at 60.81 USD
