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The Best And The Worst Channel Stocks In Q3 2020

Rick Whiting

Of the 24 companies on our watch list this quarter, 16 recorded stock price increases in the third quarter with eight recording stock price declines – including four by double-digit percentages. Take a look at whose shares managed to hold their value and which ones took the biggest losses.

EPAM Systems

CEO: Arkadiy Dobkin

June 30, 2020 Close: $252.01

Sept. 30, 2020 Close: $323.28

Change: +28.28%

Sept. 30, 2020 Market Cap: $18.06 Billion (+28.80%)

On Sept. 2 EPAM Systems, No. 27 on the CRN Solution Provider 500, said it had acquired Ricston Ltd., a leading software integration and connectivity solutions provider. The acquisition expands EPAM’s capabilities in application programming interfaces and microservices, complementing EPAM’s digital platform engineering and software development services.

For the first six months (ended June 30) of 2020 EPAM reported revenue of $1.28 billion, up nearly 20 percent from $1.07 billion in the first six months of 2019. Net income for the six-month period was $152.2 million, up more than 27 percent from $119.5 million one year before.

 
Rick Whiting

Rick Whiting has been with CRN since 2006 and is currently a feature/special projects editor. Whiting manages a number of CRN’s signature annual editorial projects including Channel Chiefs, Partner Program Guide, Big Data 100, Emerging Vendors, Tech Innovators and Products of the Year. He also covers the Big Data beat for CRN. He can be reached at rwhiting@thechannelcompany.com.

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