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Jim Cramer's Stop Trading! Amdocs Anxiety
Don't rush to judgment on Amdocs (DOX Quote), Jim Cramer said Thursday on CNBC's Stop Trading! segment.
Cramer said the Chesterfield, Mo., maker of telephone billing software "has been a great performer," so he's loath to give up on it after Thursday's soft revenue forecast. Still, with the stock down 10% following a series of downgrades, there is the worry that the company's business has been undermined by telco consolidation and spending cuts.
"This is of concern," Cramer said of the warning. But he said investors "can't make a snap judgment," given how solid management has been in the past. ...
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