EPAM Systems, Inc.

Texas (12/27/2013) – EPAM Systems, Inc. (Nasdaq: EPAM) – No Investment Interest based on a recent price of $34.77 and a fair value estimate of $32-$37.

The company is a service provider focused on complex software product development services, software engineering and custom development solutions.

The stock is currently trading at fair value levels. Other considerations were (-45%) y-o-y earnings growth, (-51%) y-o-y free cash flow growth, and one-year increase in the price of the stock of 80%.


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