EPAM Systems (NYSE:EPAM) stock experienced trading -22.55% off 52-week high price. On the other end, the stock has been noted 26.53% away from low price over the last 52-weeks. The stock disclosed a move of -7.48% away from 50 day moving average and -3.33% away from 200 day moving average. Moving closer, we can see that shares have been trading 9.14% off 20-day moving average. It has market cap of $11.31B.
On April 9, 2020, EPAM Systems (NYSE:EPAM) a leading global provider of digital platform engineering and software development services, revealed it expects first quarter revenues to be in the range of $649 to $653 million and revenue growth compared to the corresponding period last year to be at least 24.5% on an as reported basis.
In addition, the Company expects first quarter profitability to be consistent with or better than the outlook provided during its fourth quarter and full year 2019 earnings call on February 20, 2020. Due to heightened uncertainty related to the potential impacts of COVID–19 on the Company’s second quarter and full year business results, EPAM is withdrawing its full year 2020 financial outlook.
EPAM’s purpose has always been to help our customers navigate waves of change brought on by disruption, and with the demands of the new global operating environment, we had to quickly adapt our operations to support customers around the world with their complex and often, mission critical needs, said Arkadiy Dobkin, CEO & President, EPAM.
In recent weeks, we have taken proactive steps to ensure the safety and well-being of more than 38,000 EPAMers, as well as made changes to enable us to continue to support the operations of hundreds of customers around the world by switching over 98% of EPAM employees to a secure and productive work from home delivery model. We’ve done this with minimal service interruptions and in close collaboration with our customers, many of whom have expressed appreciation for our professionalism and commitment to their business priorities. While we expect to see ongoing pressures on ‘business as usual’ operations, we believe that our attention to customer value and our ability to adapt to changing operating and market conditions should better position EPAM for the future.
The USA based company EPAM Systems moved with change of 2.36% to $192.29 with the total traded volume of 380092 shares in recent session versus to an average volume of 393.43K. The stock was observed in the 5 days activity at 11.78%. The one month performance of stock was -5.14%. EPAM’s shares are at -13.88% for the quarter and driving a 12.32% return over the course of the past year and is now at -9.37% since this point in 2018. Right now the stock beta is 1.32. The average volatility for the week and month was at 6.56% and 8.76% respectively. There are 58.83M shares outstanding and 52.37M shares are floated in market.