Wells Fargo Starts Amdocs Ltd. (DOX) at Outperform; Well Positioned as Leader in BSS/OSS Space

March 6, 2012 7:15 AM EST
Get Alerts DOX Hot Sheet
Price: $59.00 -0.19%

Rating Summary:
    5 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Wells Fargo initiates coverage on Amdocs Ltd. (NYSE: DOX) with an Outperform. PT range $36-$38.

Wells analyst says, "DOX is well positioned as a leader in the BSS/OSS space. DOX has relatively high revenue visibility with roughly 75-80% of revenue derived from long-term contracts. Carrier 4G deployments in the U.S. should support revenue growth and a migration to post paid and 3G adoption is driving strong growth in emerging markets. DOX has also become more shareholder-friendly over the last two years. We estimate that DOX will buy back just under 10% of its shares outstanding over the next year. Last, we think the company could issue a dividend in FY2013, which could attract more income-oriented investors."

For an analyst ratings summary and ratings history on Amdocs Ltd. click here. For more ratings news on Amdocs Ltd. click here.

Shares of Amdocs Ltd. closed at $30.54 yesterday.

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