A bullish thesis on Amdocs Limited highlights the company’s mid-cap IT services model, sticky customer relationships, and disciplined capital allocation strategy. Amdocs’ share price was $75.55 on December 1st, with a trailing P/E of 14.96 and a forward P/E of 10.03. The company offers software and services for communications, media, and entertainment providers, with a global footprint and nearly 1,000 client relationships worldwide. Despite recent revenue declines, Amdocs maintains strong financials, with robust gross margins and double-digit net profit margins. The company’s cloud portfolio, high-margin services, and shareholder-friendly management make it an attractive investment in the IT services sector.

Read more at Yahoo Finance: Amdocs Limited (DOX): A Bull Case Theory