EPAM Systems, Inc.’s Stock Price Skyrockets to $179.71, Marking a Striking Increase of +12.88%

EPAM Systems, Inc. (EPAM)

179.71 USD +20.50 (+12.88%) Volume: 2.03M

EPAM Systems, Inc.’s stock price soars to $179.71, marking a significant intraday gain of +12.88% with a robust trading volume of 2.03M, despite a YTD decline of -23.14%, showcasing the stock’s resilient performance and potential for recovery.

Latest developments on EPAM Systems, Inc.

EPAM Systems has been making headlines recently with a series of key events leading to significant stock price movements. The company reported strong first-quarter earnings, surpassing sales targets and raising annual revenue forecasts. Additionally, EPAM announced a planned leadership succession, with CEO transitions and forecasts for continued growth. The software provider’s stock soared on the back of these announcements, outperforming competitors and receiving positive analyst attention. Despite a decline in net income, EPAM’s revenue growth and raised guidance have bolstered investor confidence, leading to an 8% surge in stock price. With a focus on generative AI and strategic IT transformation partnerships, EPAM continues to navigate a challenging environment with notable revenue growth and a positive outlook for the future.

EPAM Systems, Inc. on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have been covering Epam Systems and providing insights on the company’s performance. In a report titled “EPAM Systems: AI, Cloud & Expansion—Is This the Next IT Powerhouse?”, analysts discussed the company’s fourth quarter and full-year 2024 performance, highlighting mixed results with achievements and challenges. Despite experiencing revenue growth of 7.9% in the fourth quarter, including the impact of recent acquisitions, on an organic constant currency basis, revenue only grew 1% year-over-year.

Another report by Baptista Research, titled “EPAM Systems Inc.: An Analysis Of Its Global Expansion & Diverse Delivery Locations & Other Major Drivers”, highlighted the company’s strong third-quarter 2024 results. Analysts noted that the results were better than expected, with revenue growth on both a year-over-year and sequential basis. This growth was attributed to increased customer engagement across various verticals, particularly in life sciences, healthcare, financial services, software, and biotech, indicating potential stabilization in the market for Epam Systems.

A look at EPAM Systems, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

EPAM Systems, Inc. provides a range of software development and outsourcing services. According to Smartkarma Smart Scores, the company receives high marks for its value and resilience, indicating a positive long-term outlook in these areas. With a strong focus on delivering quality services and maintaining stability, EPAM Systems is positioned well for future success.

However, the company’s dividend and momentum scores are lower, suggesting that there may be room for improvement in these areas. Despite this, EPAM Systems still receives a solid growth score, indicating potential for expansion and development in the future. Overall, the company’s strong performance in value and resilience bodes well for its long-term prospects in the software development industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma