DOX
Amdocs Limited

Amdocs LimitedDOX

Technology · Software - Infrastructure
58.12USD
-0.41%
Oct 05, 2026
DOX overview ready
Amdocs is a telecom-focused software and managed-services vendor supplying the customer-experience, monetization, business-support, operations-support, cloud-migration, data and GenAI layers used by communications providers.
Narrative is still early
Exposed to the AI-Native Telecom Transformation narrative through Telecom OSS/BSS Cloud Modernization and AI Automation — pure play.
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to the cash the business actually produces.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on telecom and media capital expenditure cycles.
Market Oct 2Price action Oct 4Research Sep 17

Conviction Level

NarrativeHeat4.4ThemeHeat6.2PriceAction3.4Valuation8.0CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$6.3B
Avg Volume (60D)
1.1M
60 sessions
Revenue Growth YoY
+0.1%
Trailing twelve months
Gross Margin
+38.3%
Operating Margin
+16.9%
Trailing twelve months
Free Cash Flow Yield
+11.0%
Distance from 200DMA
-8.2%
Next Earnings
2026-11-03
P/E
13.9x
EV / EBITDA
6.9x
EV / Sales
1.5x
Market metrics as of Oct 4, 2026

Fundamentals & Valuation

One of the two valuation perspectives says cheap; peers is the dissenting view.
Amdocs Limited has a Cheap valuation stance because current market expectations look undemanding relative to the cash the business actually produces. It trades at a 11.0% free-cash-flow yield and 6.9x EBITDA, which the underlying economics comfortably support.

Company Research

Thesis
Amdocs is a telecom-focused software and managed-services vendor supplying the customer-experience, monetization, business-support, operations-support, cloud-migration, data and GenAI layers used by communications providers.
Opportunity
Moderate opportunity
Communications service providers are modernizing legacy customer, billing, service-management and operations stacks into cloud-native platforms while deploying data, automation and telco-specific AI to lower operating costs, speed service launches and support new 5G, API and enterprise-service monetization.
Key risk
Dependence on telecom and media capital expenditure cycles.

Narrative & Theme

AI-Native Telecom Transformation
Part of Telecom OSS/BSS Cloud Modernization and AI Automation, with moderate fit.
DOX has a genuine, relatively direct exposure to telecom operators' modernization of OSS/BSS and customer/monetization systems for cloud-native and AI-enabled operations.
Narrative HeatCooling4.4 / 10
Theme HeatNeutral6.2 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Software - Infrastructure
What they do

Amdocs Limited provides software and services primarily to communications, entertainment, media, and other service providers worldwide, focusing on cloud-based and AI-enabled solutions for business, operations, and network domains.

How it earns

The company generates revenue mainly through subscription and service contracts for its software platforms and customer experience solutions.

Products & services
CES25 telco-native customer experience suite
Customer Engagement Platform (telecom-specific CRM)
GenAI agents
Customers & end markets
Telecommunications service providers
Entertainment and media companies
Market position

Amdocs is a leader in providing software infrastructure and customer experience solutions to telecom and related service providers.

Demand drivers
Medium cyclicality

Demand is influenced by telecom and media capital spending cycles and technology upgrade cycles.