DOX To Achieve 1Q10 Expectations

Analyst Edward Jackson of Cantor Fitzgerald maintains his "buy" rating on Amdocs Ltd (NYSE: DOX). The target price for DOX is set to $33.

According to Cantor Fitzgerald, Amdocs would achieve the 1Q10 estimates. The 1Q10 estimates are inline with the consensus. DOX’s CY10 outlook appears achievable. The analyst expects the company to post $715.6 million in sales and a pro forma EPS of $0.53 for 1Q10.

The risks related to investing in DOX’s stock include the integration of multiple acquisitions, a high level of customer concentration and geopolitical risk, Cantor Fitzgerald adds.