Channel programs News
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.
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