Amdocs and DELTA Fiber Collaboration Sparks Growth Prospects Amdocs and DELTA Fiber Collaboration Sparks Growth Prospects

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Amdocs and DELTA Fiber Nederland join forces to nurture and sustain software for DELTA’s monetization engine. The Dutch-based cable network operator, DELTA Fiber Nederland, anticipates leveraging this partnership to introduce enticing deals and services for its clientele. The company’s ambitious vision aims to encompass a staggering two million subscribers by 2025, ultimately enhancing their customer experience.

In this strategic alliance, Amdocs will relish the benefits of an expanding partnership portfolio. Besides collaborating with DELTA Fibre Nederland, Amdocs has also engaged with industry stalwarts such as BMC, A1 Telekom Austria, Finetwork, Magyar Telekom, Australian TPG Telecom, and Japanese NTT InfraNet.

Price Performance and Market Sentiment

Amdocs Limited Price and Consensus

Amdocs Limited continues its upward trajectory fueled by thriving customer acquisition, a resilient revenue model, high demand for managed services, and robust long-term contracts with its diverse clientele. The company’s future growth prospects are poised to surge owing to its progressive strides in digital, media, network, and cloud arenas.

As of the end of fiscal 2024, the company boasted a substantial 12-month backlog of $4.21 billion. Amdocs’ backlog features orders from industry heavyweights like T-Mobile, AT&T, Bell Canada, Three UK, Globe, Finetwork, and DELTA Fiber, signifying a robust future outlook.

Amdocs anticipates a revenue surge of 1.1-5.1% in 2024. The Zacks Consensus Estimate for Amdocs’ 2024 revenues stands at $5.04 billion, indicating a promising year-over-year growth of 3.18%.

Market Analysis and Stock Recommendations

Currently, Amdocs sports a Zacks Rank #3 (Hold). Despite a marginal 6.7% dip in DOX shares over the past year, market sentiment remains optimistic.

The technology sphere offers a spectrum of opportunities. Among the standout prospects are NVIDIA (NVDA), Bill Holdings (BILL), and Bentley Systems (BSY), each currently holding a coveted Zacks Rank #1 (Strong Buy). These high-fliers present compelling investment potential within the tech industry.

Noteworthy revisions in earnings estimates underscore the potential of market leaders like NVIDIA. Meanwhile, the steady growth trajectory of companies like Bill Holdings and Bentley Systems adds to the allure of these standout stocks in the tech arena.

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Amdocs Limited (DOX) : Free Stock Analysis Report

NVIDIA Corporation (NVDA) : Free Stock Analysis Report

BILL Holdings, Inc. (BILL) : Free Stock Analysis Report

Bentley Systems, Incorporated (BSY) : Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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