Software provider EPAM raises annual forecasts, announces CEO change
1. EPAM raised revenue and profit forecasts due to steady IT consulting demand. 2. Shares surged about 10% in premarket trading following the announcement.
FAQ
Why Very Bullish?
The upward revision of forecasts indicates strong business performance. Historically, companies that raise guidance see positive stock reactions.
How important is it?
Positive revenue and profit forecasts are critical for investor sentiment and future performance.
Why Short Term?
Premarket stock surge suggests immediate investor confidence and influence on short-term trading.