Amdocs delivered one of the harshest lessons of this earnings season on November 4, 2026: matching estimates can mean nothing if the outlook collapses. The telecom software company's shares plunged about 44% in after-hours trading on Tuesday, falling to near $34.50 from a $62.43 close, and opened Wednesday down about 30% at a level not seen since 2014.
The trigger was not the quarter...
