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Channel Stocks Winners And Losers Of 2022 (So Far)

Rick Whiting

It’s been a rough six months for stock markets and channel company stocks have not been immune from the big sell-off. Here’s a look at the (few) companies whose share prices increased in the first half of 2022 and the 10 companies with the biggest share price declines.

Decliners No. 10: EPAM Systems

CEO: Arkadiy Dobkin

Jan. 3, 2022, Opening: $670.32

June 30, 2022, Close: $294.78

Change: -56.02%

EPAM, a provider of digital transformation and advanced software engineering services, has been reporting robust revenue growth in recent years. But in a sign of how pervasive the decline in stock prices has been, the Newtown, Pa.-based company recorded the biggest share price drop among all the channel companies on our watch list.

EPAM reported revenue of $1.17 billion for the first quarter (ended March 31) of 2022, up 50.1 percent from $780.8 million in the first quarter of 2021.

Net income for the quarter was $89.7 million, down 17.7 percent from $109.0 million year over year.

In June EPAM was elevated to Platinum status within the Adobe Solution Partner Program.

 
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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