Jim Cramer on 10 Stocks With The Biggest Declines Last Week

3. EPAM Systems, Inc. (NYSE:EPAM)

Number of Hedge Fund Holders: 56

While discussing EPAM Systems, Inc. (NYSE:EPAM) stock’s recent decline, Cramer mentioned its presence in Ukraine and the recently announced poor guidance by the company.

“There was EPAM, EPAM Systems. That’s an enterprise software company for platform engineering and development. I don’t follow this company all that closely, but I do know that EPAM has a major presence in Ukraine and the Trump administration seemingly wants to pull the plug on assistance to the Ukraine. I thought that was why the stock punched 20% in the last three days of the week but there’s more to it because EPAM reported on Thursday morning and the guidance was absolutely miserable.”

EPAM Systems (NYSE:EPAM) provides services in digital platform engineering, software development, and infrastructure management, alongside consulting, design solutions, and specialization in emerging technologies such as AI, robotics, and virtual reality. When Cramer discussed stocks that could do well in December 2024, he commented:

“Next is EPAM Systems, which is an enterprise software company for platform engineering development. Now the stock’s come roaring back leading, it is part of the return of the enterprise software primacy over hardware. EPAM’s strength is a green light to buy Salesforce and ServiceNow, the two biggest enterprise software plays that I like.”