Investigation announced for Investors in shares of EPAM Systems, Inc. (NYSE: EPAM) over possible Violations of Securities Laws

An investigation was announced over potential securities laws violations by EPAM Systems, Inc. in connection with certain financial statements.

Investors who purchased shares of EPAM Systems, Inc. (NYSE: EPAM), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by EPAM Systems, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Newtown, PA based EPAM Systems, Inc. provides digital platform engineering and software development services worldwide. EPAM Systems, Inc. reported that its annual Total Revenue declined from over $4.82 billion in 2022 to over $4.69 billion in 2023, and that its Net Income declined from $419.41 million in 2022 to $417.08 million in 2023.

On May 8, 2024, EPAM Systems, Inc. updated its guidance for the full year and 2Q that was below expectations. Management blamed it on the macro environment, specifically the "demand not improving to the degree expected." Analysts commenting on the lowered guidance noted the Company's lack of visibility and surprise at the magnitude of the guide down.

Shares of EPAM Systems, Inc. (NYSE: EPAM) declined from $317.50 per share on March 08, 2024, to as low as $169.43 per share on June 18, 2024.

Those who purchased shares of EPAM Systems, Inc. (NYSE: EPAM) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.