Amdocs Reaches New 52-Week High (DOX)

NEW YORK ( TheStreet) -- Amdocs (NYSE: DOX) hit a new 52-week high Wednesday as it is currently trading at $32.06, above its previous 52-week high of $32 with 240,286 shares traded as of 10:35 a.m. ET. Average volume has been 833,500 shares over the past 30 days.

Amdocs has a market cap of $5.38 billion and is part of the technology sector and computer software & services industry. Shares are up 10.3% year to date as of the close of trading on Tuesday.

Amdocs Limited, through its subsidiaries, provides software and services for communications, media, and entertainment industry service providers worldwide. The company has a P/E ratio of 15.6, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Amdocs as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Amdocs Ratings Report.

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