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EPAM Systems, Inc.EPAM Systems, Inc.EPAM Systems, Inc.

EPAM Systems, Inc.

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EPAM Systems, Inc. | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Active Sessions on Relevant Range & Elemented Probabilities; * Asian(Ranging) - London(Upwards) - NYC(Downwards) * Weekend Crypto Session # Trend | Time Frame Conductive | Weekly Time Frame - General Trend - Measurement on Session * Support & Resistance * Trade Area | Focus & Motion Ahead # Position & Risk Reward | Daily Time Frame - Measurement on Session * Retracement | 0.5 & 0.618 * Extension | 0.786 & 1 Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Sell
NYSE:EPAMShort
by TradePolitics
EPAM Systems focuses on AI and cloud technologiesEPAM Systems Inc., a global provider of software and cloud services, recently disclosed its Q2 2024 earnings, presenting a mix of challenges and strategic advancements. Despite experiencing a decline in revenue and profit, EPAM has surpassed its forecasts, signalling resilience and potential for recovery. The company, known for its digital platform design, consulting, and software development services, increasingly focuses on artificial intelligence (AI) and cloud technologies to adapt to market demands and fuel long-term growth. EPAM's strategy to enhance its AI and cloud services offerings aims to leverage these technologies to maintain a competitive edge. The company benefits from a diversified customer portfolio and a skilled workforce, which are crucial as it navigates uncertain market conditions. For investors, the key will be to monitor how EPAM utilises its technological capabilities in AI and cloud services to drive future growth and address ongoing market challenges. Technical analysis of EPAM Systems Inc. (NYSE: EPAM) Exploring potential trading opportunities based on the current technical setup of EPAM Systems' stock: Timeframe : Daily (D1) Current trend : the stock is currently in a downtrend but shows signs of potentially shifting to an uptrend Resistance : 222.75 USD Support : 179.90 USD Potential downtrend target: if the downtrend persists, the downside target could be at 140.00 USD Short-term target : if the trend reverses and the stock breaks through the resistance at 222.75 USD, a short-term target could be set at 250.00 USD Medium-term target : with sustained upward momentum, the stock price might aim for 275.00 USD Investors should keep a close eye on EPAM, particularly given its strategic emphasis on AI and cloud technologies. This focus could be crucial to the company's ability to rebound and thrive in a technological landscape. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NYSE:EPAM
by RoboMarkets
1
EPAM Reports Results for First Quarter 2024 Shares Dives 27%EPAM Systems, Inc. (NYSE: NYSE:EPAM ), a leading digital transformation services and product engineering company, announced its results for the first quarter of 2024, which were down 3.8% year-over-year. The company's CEO and President, Arkadiy Dobkin, stated that the company's solid performance in the first quarter reflects its adaptability to a challenging demand environment. As the company looks forward to an eventual rebound in demand, it is refining its global operations and investing in optimized and AI-enabled delivery, consulting, partnerships, generative AI capabilities, and client-centric talent. In the first quarter, revenues decreased to $1.165 billion, a year-over-year decrease of $45.5 million, or 3.8%. On an organic constant currency basis excluding the impact of the exit from Russia, revenues were down 4.8% compared to the first quarter of 2023. GAAP income from operations was $110.5 million, a decrease of $9.8 million, or 8.2%, compared to $120.4 million in the first quarter of 2023. Non-GAAP income from operations was $173.6 million, a decrease of $4.7 million, or 2.6%, compared to $178.3 million in the first quarter of 2023. Diluted earnings per share ("EPS") on a GAAP basis was $1.97, an increase of $0.24, or 13.9%, compared to $1.73 in the first quarter of 2023; and non-GAAP diluted EPS was $2.46, a decrease of $0.01, or 0.4%, compared to $2.47 in the first quarter of 2023. Cash flow and other metrics showed that cash provided by operating activities was $129.9 million for the first three months of 2024, compared to $87.3 million for the first three months of 2023. The company repurchased 396 thousand shares of its common stock for $120.6 million during the first quarter of 2024 under its share repurchase program. As of March 31, 2024, the Company had $214.5 million remaining under its share repurchase authorization. Cash, cash equivalents, and restricted cash totaled $1.990 billion as of March 31, 2024, a decrease of $52.7 million, or 2.6%, from $2.043 billion as of December 31, 2023. Total headcount was approximately 52,800 as of March 31, 2024, with approximately 47,050 delivery professionals, a decrease of 0.7% from December 31, 2023. NYSE:EPAM now expects revenues to be in the range of $4.575 billion to $4.675 billion for the full year, reflecting a year-over-year decline of 1.4% at the midpoint of the range. The company expects revenues on an organic constant currency basis excluding the impact of the exit from Russia will decline approximately 2.0% at the midpoint of the range.
NYSE:EPAMShort
by DEXWireNews
Rectangle/Earnings 2-16 BMOHorizontal trading channel that is neutral pattern until broken. The top line is resistance and the bottom line is support. No recommendation. Short interest is around 1.5%. EPS (FWD) 10.64 PE (FWD) 34.58 Div Rate (TTM) - Yield (TTM) - Short Interest 1.52% Market Cap $21.16B EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services. It also provides operation solutions comprising integrated engineering practices and smart automation; and optimization solutions that include software application testing, test management, automation, and consulting services to enable customers enhance their existing software testing and quality assurance practices, as well as other testing services that identify threats and close loopholes to protect its customers’ business systems from information loss. In addition, the company offers business, experience, technology, data, and technical advisory consulting services; and digital and service design solutions, which comprise strategy, design, creative, and program management services, as well as physical product development, such as artificial intelligence, robotics, and virtual reality. It serves the financial services, travel and consumer, software and hi-tech, business information and media, life sciences and healthcare, and other industries. The company was founded in 1993 and is headquartered in Newtown, Pennsylvania.
NYSE:EPAM
by lauralea
RectangleNeutral until broken. This stock has pulled back significantly from the ATH, but was possibly overvalued at that level so I will not compare. The past few years after Covid and before the nwere market trend, was unusual perhaps and many stocks were probably overvalued due to unrelenting bullishness that may have been caused by free money and maybe even boredom (o: Price is above the .786 and below the .618. Earnings 2-17 AMC and numbers are soft in comparison with last quarter. Short interest is less than 2 %. I keep an eye on this one. Money for nothing, but sex is rarely free (o: PAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services. It also provides operation solutions comprising integrated engineering practices and smart automation; and optimization solutions that include software application testing, test management, automation, and consulting services to enable customers enhance their existing software testing and quality assurance practices, as well as other testing services that identify threats and close loopholes to protect its customers’ business systems from information loss. In addition, the company offers business, experience, technology, data, and technical advisory consulting services; and digital and service design solutions, which comprise strategy, design, creative, and program management services, as well as physical product development, such as artificial intelligence, robotics, and virtual reality. It serves the financial services, travel and consumer, software and hi-tech, business information and media, life sciences and healthcare, and other industries. The company was founded in 1993 and is headquartered in Newtown, Pennsylvania. CPI and other economic reports in am. No recommendation.
NYSE:EPAM
by lauralea
Channel UpKey Support line not far below price. If price breaks this support line I will re-evaluate as I am watching this one. Otherwise it could bounce around inside the channel for a while. The bands are not contracting like they did the last time EPAM neared the support line, then broke to the upside until it hit the resistance line. It takes a lot for bands sets on an 80 DMA to contract. They seem to be widening indicating possible volatility. Strong stock. PE ratio a bit high but not that high for a tech stock. The lack of a dividend could hurt this one. Time will tell. No recommendation. A channel up is a channel up, until it is not. EPS (FWD) 9.96 PE (FWD) 40.46 Div Rate (TTM) -0 Yield (TTM) -0 Short Interest 2.01% Market Cap $23.07B EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services. It also provides operation solutions comprising integrated engineering practices and smart automation; and optimization solutions that include software application testing, test management, automation, and consulting services to enable customers enhance their existing software testing and quality assurance practices, as well as other testing services that identify threats and close loopholes to protect its customers’ business systems from information loss. In addition, the company offers business, experience, technology, data, and technical advisory consulting services; and digital and service design solutions, which comprise strategy, design, creative, and program management services, as well as physical product development, such as artificial intelligence, robotics, and virtual reality. It serves the financial services, travel and consumer, software and hi-tech, business information and media, life sciences and healthcare, and other industries. The company was founded in 1993 and is headquartered in Newtown, Pennsylvania.
NYSE:EPAM
by lauralea
HMMM Bear Pennant or Triangle?This structure formed after a move to the downside. Pennants tend to narrow at the apex like a rising wedge, except a rising wedge has both trendlines sloping up and this is shaped more like an Ascending Triangle. It could be an ascending triangle but just hard to fathom in this market. Ascending triangles do not usually have a pole but who knows?? This structure may have experienced a break to the upside at an earnings beat, then experienced a throwback and the glory was short lived. The top trendline is resistance until broken. EPAM is known to be a strong stock as well as a volatile stock as of late. I have my alerts set to text me with a $10 move. The fundamentals are good considering this is a tech stock. Either way this pattern is neutral until a trendline is broken with a clear trend in that direction. 2 candle support at low of 168.59. Price is above the 20 daily moving average and the 50. The 100 and the 200 do not look so hot )o: Longer term moving averages are lagging indicators. The shorter term a moving average is, the closer it follows price. The gator is tangling suggesting a move in one direction or the other but this indicator which consists of short term moving averages does not tell you which way price will break )o: Similar in theory with Bollinger bands, as these also signal a break by contracting, but which way price will break is a mystery. Bearish Harami yesterday with confirmation today making this candle pattern a 3 inside down and occurred at resistance. No recommendation. I follow this stock so I will revisit this chart. Ascending triangle or pennant?? No telling and only time will tell. I guess choice 2 though )o: When price gapped down a while back, it was obvious to me that playing this stock to the top, or close to the top, of that last red long candle was a good swing trade. So far, price has not surpassed the top of that candle with any momentum behind price it. Market conditions have not helped, but this stock will one day! Just maybe not anytime soon )o: I realize I am a pattern trader and that I Do look at the market in a "longer term" like way. Charts I post do not always take short term pops in price in to account. So I am probably not a good one to follow if you are a day trader. I just wanted to clarify that (o:
NYSE:EPAM
by lauralea
Pull Back FishingThis one is up too much today for me to buy more of it but wish I had yesterday. High is 725.40. Yearly low is 168.59. There will most likely be resistance at the top of the huge red candle. This security is in the tech sector which has been raining bullets as of late so a good long entry could be paramount. Market up again today and I almost turned on the news. Has something changed with the economy or the Ukraine situation? Earnings 5/9 EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. The company offers engineering services, including requirements analysis and platform selection, customization, cross-platform migration, implementation, and integration; infrastructure management services, such as software development, testing, and maintenance with private, public, and mobile infrastructures for application, database, network, server, storage, and systems operations management, as well as monitoring, incident notification, and resolution services; and maintenance and support services. It also provides operation solutions comprising integrated engineering practices and smart automation; and optimization solutions that include software application testing, test management, automation, and consulting services to enable customers enhance their existing software testing and quality assurance practices, as well as other testing services that identify threats and close loopholes to protect its customers’ business systems from information loss. In addition, the company offers business, experience, technology, data, and technical advisory consulting services; and digital and service design solutions, which comprise strategy, design, creative, and program management services, as well as physical product development, such as artificial intelligence, robotics, and virtual reality. It serves the financial services, travel and consumer, software and hi-tech, business information and media, life sciences and healthcare, and other industries. The company was founded in 1993 and is headquartered in Newtown, Pennsylvania. EPS (FWD) 9.89 PE (FWD) 22.75 Div Rate (FWD) - Yield (FWD) - Short Interest 1.04% Market Cap $12.51B Volume 1,599,245
NYSE:EPAM
by lauralea
1