DOX Stock Summary and Trading Ideas (Amdocs Limited - | NASDAQ:DOX)

Amdocs Ltd is a provider of software and services to communications, cable and satellite, entertainment, and media industry service providers. The Company and its subsidiaries operate in one operating segment, providing software products and services for the communications, entertainment and media industry service being designed, develop, market, support, implement, and operate its open and modular cloud offering. The company offers business support systems, operational support systems, and managed services. Geographically, it derives a majority of revenue from North America and also has a presence in Europe and the Rest of the world.

Amdocs Limited - trades on the NASDAQ stock market under the symbol DOX.

As of April 19, 2024, DOX stock price climbed to $86.13 with 745,380 million shares trading.

DOX has a beta of 0.76, meaning it tends to be less sensitive to market movements. DOX has a correlation of 0.29 to the broad based SPY ETF.

DOX has a market cap of $10.07 billion. This is considered a Large Cap stock.

Last quarter Amdocs Limited - reported $1 billion in Revenue and $1.56 earnings per share. This fell short of revenue expectation by $-5 million and met earnings estimates .

In the last 3 years, DOX stock traded as high as $99.75 and as low as $68.33.

The top ETF exchange traded funds that DOX belongs to (by Net Assets): COWZ, VIG, FVD, VYM, IWR.

DOX has underperformed the market in the last year with a return of -6.4%, while the SPY ETF gained +21.2%. In the last 3 month period, DOX fell short of the market, returning -6.5%, while SPY returned +3.0%. However, in the most recent 2 weeks DOX has outperformed the stock market by returning -1.9%, while SPY returned -4.5%.

DOX support price is $84.20 and resistance is $86.02 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DOX stock will trade within this expected range on the day.