![]() All these sectors are poised for healthy growth. Further, the company’s key market segments include risk, legal, exhibitions, and scientific. There is ample scope for expansion in Europe and emerging economies. My point is underscored by the fact that RELX still derives 60% of its revenue from North America. ![]() ![]() With a presence in 180 countries, RELX has a wide addressable market and is positioned for sustained growth. The company is a provider of information-based analytics and decision tools. At a forward P/E of 23.7x, the stock is trading at attractive valuations, and I expect a meaningful rally. With a potentially big market for artificial intelligence in the coming decade, RELX (NYSE: RELX ) stock is worth considering. With accelerating recurring revenue and operating leverage, the company has clear cash flow visibility. For the quarter, the company’s operating margin improved to 17%. Further, 94% of the revenue was subscription based. It’s worth noting that for Q1 2024, CrowdStrike reported revenue of $692.6 million. With a potential addressable market of $158 billion by 2026, there is ample headroom for client base expansion. The company also claims to be at the forefront of AI-driven innovation in cybersecurity.Īs of 2023, CrowdStrike reported 23,019 customers, which was higher by 41% YTD. I believe that CRWD stock is worth accumulating on declines for a sustained rally.ĬrowdStrike is a provider of security solutions that includes corporate endpoint security, cloud security, managed security services, security, and IT operations. However, the stock is still lower by 12% on a 12-month return basis. CrowdStrike Holdings (CRWD)ĬrowdStrike Holdings (NASDAQ: CRWD ) stock has trended higher by 52% year-to-date. As growth accelerates, DOX stock is likely to trend higher. Additionally, Amdocs recently acquired the service assurance business of TEOCO for a consideration of $90 million. The company has already invested in its next-generation cloud platform. It’s also worth noting that with strong cash flows and a liquidity buffer of $1.4 billion, Amdocs is positioned to accelerate growth. Further, the company has reiterated its guidance of $700 million in free cash flow for the year. For Q2 2023, the company reported revenue of $1.22 billion and a record 12-month backlog of $4.11 billion. Further, the stock provides a dividend yield of 1.81%, and I believe that dividend growth is likely to be robust.Īs an overview, Amdocs is a provider of software services and solutions to the media and communications industry globally. At a forward price-to-earnings ratio of 16.3 times, DOX stock is undervalued. Amdocs (NASDAQ: DOX ) is an attractive name among high-growth tech stocks to buy.
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