About once every decade, wireless technology experiences a major paradigm shift. 3G (~2000): Third generation wireless was a big breakthrough. Fifth-generation wireless technology (5G) will lead to over a 10 times increase in data speed, low latency, and enhanced ability to support billions of connected devices. Amdocs won Most Innovative 5G Strategy at Light Reading’s Leading Lights 2019, and the company recently acquired TTS Wireless to further expand its 5G capabilities. The stock has a 5.4% shareholder yield (dividends + stock buybacks) and trades at 18 times free cash flow.

Source: Forbes December 09, 2019 18:42 UTC