EPAM: AI Winner Trading at Multi-Year Channel Support
$NYSE: EPAM Systems (EPAM) just delivered a quarter that perfectly explains the current market environment:
Fundamentals were actually solid…
But guidance and macro fears crushed sentiment.
The company reported:
7.6% YoY revenue growth
Nearly 19% EPS growth
Improving margins
AI revenue above $125M in Q1 alone
At the same time, management lowered full-year growth expectations because of:
Slower enterprise decision-making
Weaker North American demand
Broader macro uncertainty
T
EPAM
EPAM Systems, Inc.Shares of EPAM Systems, Inc. have been drawing attention recently, with the company making a notable move to support its stock through a significant share repurchase initiative. The IT services and digital engineering firm announced that it has entered into a $300 million accelerated share repurchase (ASR) agreement with Morgan Stanley, a step that appears to be boosting investor sentiment despite mixed technical signals.
A major share buyback initiative
Under the terms of the agreement, EPAM
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 mark
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 o
Looking for higher highs?, $GDYN has themGrid Dynamics accelerate digital transformation of Fortune-1000 US enterprises. They specialize in customer experience, data analytics, and cloud. They compite with the likes of NYSE:EPAM , NASDAQ:CYBR and NSE:INFY .
The price made its lowest low in mid March and since then has made a good bull run. Now $GDYN is making a good looking descending triangle, the only bad things is that it price is below the 50-day.
Still, as we are currently in a bear market, this is the kind of charts that I
EPAM - Strong Trend Line TouchThe up strongest up channel can be drawn with a formation that formed very early (2012)
Red horizontal lines are top points along the up channel
We currently just experienced a top point along this channel and price is falling from its touch
I have placed a green box where I think price will recover on this Weekly timeframe
EPAM Systems (NYSE: $EPAM) Looking Bottom'd & Ready To Turn ↩️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,
EPAM SYS INC CANSLIM METHODIn this Investment i am working on THE CANSLIM METHOD BY William Oneil.
This Is one of the best performing stocks of 2019.
we are expecting it to be on the top market leaders.
EPS RATING 96
RS RATING A-
C.R, 99
RS 92
this stock has made a stron flat base rectangular pattern
from 162 to 179..
I will set up a stop buying order at a price of 180.66 wating for a price break.
How to determine base count?Here is a nice graphic showing how to determine base count and when to combine bases into a single pattern.
Sometimes its hard to know if it's a cup base or a double bottom, as in the case of the cup base #3 (Oct 2013).
I had to go back and watch the EPAM video from Jan 10, 2014 to figure out where the proper buy point was.
ibdtv.investors.com
















