Epam Systems Stock News

Today, investors in EPAM systems are seeing their portfolio returns crumble, as EPAM stock craters 45% on key news.

The stock fell nearly 40% Monday. The software-design company said last week that its largest development sites are in Ukraine, Belarus, and Russia.

The software outfit relies heavily on workers located in the areas most impacted by recent military conflict.

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EPAM Systems (EPAM) fell 12% in early Monday trading after the company said it is withdrawing its 1Q22 and FY2022 financial outlook due to heightened uncertainties and regional…

Today, investors in EPAM systems are seeing their portfolio returns crumble, as EPAM stock craters 45% on key news. The post EPAM Stock Alert: Why Is EPAM Systems Plunging 50% Today?

Shares of EPAM Systems Inc. tumbled 9.8% to pace all S&P 500 components in premarket losses, after the provider of digital platform engineering services said it was withdrawing its financial guidance as a result of "military actions" in Ukraine. The company had said in its fourth-quarter earnings report out Feb. 17 that it expected first-quarter revenue of $1.17 billion to $1.18 billion and 2022 revenue of at least $5.15 billion, which compared with the FactSet consensus at the end of January for first-quarter revenue of $1.11 billion and 2022 revenue of $4.87 billion. EPAM said in its 10-K annual report filing late Friday that its largest delivery centers were located in Ukraine, Belarus and Russia. As of Dec. 31, it had 12,389 delivery professionals in Ukraine, 9,416 in Belarus and 8,933 in Russia. "EPAM''s highest priority is the safety and security of its employees and their families in Ukraine. The company is proactively working to relocate its employees to lower risk locations in Ukraine and neighboring countries." The company stated on Monday.

Shares of EPAM Systems Inc. suffered a record selloff in very volatile trading Monday, after the provider of digital transformation services pulled its financial guidance given “heightened uncertain

Shares of EPAM Systems Inc. EPAM, +0.04% tumbled 9.8% to pace all S&P 500 SPX, +2.24% components in premarket losses, after the provider of digital platform engineering services said it was withdrawin

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Shares of EPAM Systems Inc. tumbled 11.7% toward an 11-month low in morning trading Thursday, enough to pace the S&P 500''s decliners, as Russia''s invasion of Ukraine weighed on provider of digital platform engineering services. The stock is headed for the biggest one-day percentage selloff since it plunged 16.6% on March 16, 2020. In the company''s 10-Q filing for the third-quarter, filed in November, the company said third-quarter revenue from Russia was $44.6 million, or 4.5% of total revenue of $988.5 million. Of the Russia-based revenue, $31.5 million, or 70.7%, was in financial services, which are likely to suffer a heavy toll from U.S. sanctions on Russia, while travel and consumer revenue was $7.9 million, or 17.7%. EPAM''s stock has sunk 40.5% over the past three months, while the S&P 500 has shed 11.5%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Shares of EPAM Systems Inc. EPAM, -13.39% tumbled 11.7% toward an 11-month low in morning trading Thursday, enough to pace the S&P 500's SPX, -1.62% decliners, as Russia's invasion of Ukraine weighed

Some even stand to benefit.

The tensions between Russia and Ukraine are flaring up after Russian President Vladimir Putin recognized the independence of two separatist regions in eastern Ukraine and positioned Russian troops in

Should investors consider a basket approach of consulting companies with this stock in the mix?