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EPAM Systems Partners Positive on Cybersecurity Research Lab
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EPAM Systems, Inc. (EPAM - Free Report) recently announced that it has joined forces with cybersecurity consulting and research firm Positive on a Cybersecurity R&D Lab dedicated to research in security solutions and services.
Growing sophistication of cyber-attacks and repeated attempts at high-profile hacking have kept countries around the globe alert over the past few years. With higher incidences of data breaches, efforts to tighten cyber-security measures also continue to require more research, leading to higher costs.
The Cybersecurity R&D Lab will operate as part of EPAM Garages. The primary intention behind the partnership is to address the growing need for advanced consulting in the cybersecurity market.
How is EPAM Poised to Benefit?
EPAM’s efforts to tap this opportunity are expected to pay. Per Gartner, worldwide enterprise security spending is projected to total $96.3 billion in 2018, representing an 8% increase from 2017.
EPAM mainly caters to the fastest growing areas of IT services, which include mobile applications, and their testing, cognitive computing, software development and advanced analytics. The benefits of operating in these key IT services areas can better be understood by the fact that EPAM’s revenues have witnessed a compounded annual growth rate of more than 25% over the last six years.
The information technology industry is presently undergoing a transition, forging new disruptive trends in cloud mobility, Big Data, social computing and increasing awareness of cyber security. This trend provides EPAM the opportunity it needs.
With enterprises realizing the need for stricter security measures, EPAM and Positive’s combined research infrastructure is expected to aptly serve the purpose.
Companies are expected to further increase spending on cyber security, including intensive research, which is necessary to come up with sounder and stricter measures to combat security breaches, and EPAM seems to cash in on this opportunity. We expect the company’s investments in this space to propel long-term growth.
Long-term earnings growth for Fortinet, Vishay and Radware is pegged at 16.8%, 9.2% and 19%, respectively.
5 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2018 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs. A bonus Zacks Special Report names this breakthrough and the 5 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains.
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EPAM Systems Partners Positive on Cybersecurity Research Lab
EPAM Systems, Inc. (EPAM - Free Report) recently announced that it has joined forces with cybersecurity consulting and research firm Positive on a Cybersecurity R&D Lab dedicated to research in security solutions and services.
Growing sophistication of cyber-attacks and repeated attempts at high-profile hacking have kept countries around the globe alert over the past few years. With higher incidences of data breaches, efforts to tighten cyber-security measures also continue to require more research, leading to higher costs.
The Cybersecurity R&D Lab will operate as part of EPAM Garages. The primary intention behind the partnership is to address the growing need for advanced consulting in the cybersecurity market.
How is EPAM Poised to Benefit?
EPAM’s efforts to tap this opportunity are expected to pay. Per Gartner, worldwide enterprise security spending is projected to total $96.3 billion in 2018, representing an 8% increase from 2017.
EPAM mainly caters to the fastest growing areas of IT services, which include mobile applications, and their testing, cognitive computing, software development and advanced analytics. The benefits of operating in these key IT services areas can better be understood by the fact that EPAM’s revenues have witnessed a compounded annual growth rate of more than 25% over the last six years.
EPAM Systems, Inc. Revenue (TTM)
EPAM Systems, Inc. Revenue (TTM) | EPAM Systems, Inc. Quote
The information technology industry is presently undergoing a transition, forging new disruptive trends in cloud mobility, Big Data, social computing and increasing awareness of cyber security. This trend provides EPAM the opportunity it needs.
With enterprises realizing the need for stricter security measures, EPAM and Positive’s combined research infrastructure is expected to aptly serve the purpose.
Companies are expected to further increase spending on cyber security, including intensive research, which is necessary to come up with sounder and stricter measures to combat security breaches, and EPAM seems to cash in on this opportunity. We expect the company’s investments in this space to propel long-term growth.
Zacks Rank & Stocks to Consider
EPAM currently has a Zacks Rank #3 (Hold).
A few better-ranked stocks in the broader Computer and Technology sector are Fortinet, Inc. (FTNT - Free Report) , Vishay Intertechnology, Inc. (VSH - Free Report) and Radware Ltd. (RDWR - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term earnings growth for Fortinet, Vishay and Radware is pegged at 16.8%, 9.2% and 19%, respectively.
5 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2018 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs. A bonus Zacks Special Report names this breakthrough and the 5 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains.
Click to see them right now >>