Shares of Amdocs Limited (NASDAQ:DOX) traded today at $78.75, eclipsing its 52-week high. Approximately 111,000 shares have changed hands today, as compared to an average 30-day volume of 895,000 shares.
Amdocs Ltd is a provider of software and services to communications, cable and satellite, entertainment, and media industry service providers. Its only segment being designed, develop, market, support, implement, and operate its open and modular cloud offering. The company offers business support systems, operational support systems, and managed services. Amdocs also develops software for mobile financial services and advertising and media solutions. Geographically, it derives a majority of revenue from North America and also has a presence in Europe and the Rest of the world.
In the past 52 weeks, shares of Amdocs Limited have traded between a low of $44.05 and a high of $78.75 and is now at $78.04, which is 77% above that low price.
Based on a current price of $78.04, Amdocs Limited is currently 28.4% above its average consensus analyst price target of $55.87.
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