Levi & Korsinsky notifies investors that it has commenced an investigation into EPAM Systems, Inc. (NYSE: EPAM) concerning potential violations of the federal securities laws.
On May 8, 2024, Epam 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. Following this news, Epam’s stock price fell by $67.27 per share, or approximately 27% to close at $181.93 per share.
If you suffered a loss on your EPAM securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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