NYSE:GLOBGlobant Stock Price, Forecast & News

Globant's stock was trading at $98.18 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GLOB stock has increased by 56.9% and is now trading at $154.04. View which stocks have been most impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globant in the last year. There are currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Globant.

Globant is scheduled to release its next quarterly earnings announcement on Thursday, August 20th 2020. View our earnings forecast for Globant.

Globant SA (NYSE:GLOB) released its quarterly earnings data on Thursday, May, 14th. The information technology services provider reported $0.48 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.48. The information technology services provider had revenue of $191.57 million for the quarter, compared to the consensus estimate of $190.24 million. Globant had a net margin of 7.82% and a return on equity of 16.57%. View Globant's earnings history.

Globant updated its second quarter 2020 After-Hours earnings guidance on Thursday, May, 14th. The company provided EPS guidance of 0.47 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.49. The company issued revenue guidance of $179 million, compared to the consensus revenue estimate of $173.8 million.

11 brokerages have issued 1 year target prices for Globant's stock. Their forecasts range from $80.00 to $167.00. On average, they expect Globant's share price to reach $130.33 in the next twelve months. This suggests that the stock has a possible downside of 15.4%. View analysts' price targets for Globant.

Media coverage about GLOB stock has trended neutral recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Globant earned a media sentiment score of 0.5 on InfoTrie's scale. They also gave news stories about the information technology services provider a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an impact on the stock's share price in the near future. View the latest news about Globant.

Globant saw a drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,970,000 shares, a drop of 5.3% from the May 31st total of 2,080,000 shares. Based on an average trading volume of 462,900 shares, the short-interest ratio is currently 4.3 days. Currently, 5.1% of the shares of the stock are sold short. View Globant's Current Options Chain.

Some companies that are related to Globant include Bilibili (BILI), PagSeguro Digital (PAGS), StoneCo (STNE), Zendesk (ZEN), Autohome (ATHM), Zynga (ZNGA), Clarivate Analytics (CCC), Pegasystems (PEGA), YY (YY), Five9 (FIVN), Proofpoint (PFPT), Corelogic (CLGX), DXC Technology (DXC), Change Healthcare (CHNG) and Inovalon (INOV). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Globant investors own include General Electric (GE), NVIDIA (NVDA), Alibaba Group (BABA), Baidu (BIDU), Marvell Technology Group (MRVL), Square (SQ), Crispr Therapeutics (CRSP), InVitae (NVTA), Cisco Systems (CSCO) and Inseego (INSG).

Globant trades on the New York Stock Exchange (NYSE) under the ticker symbol "GLOB."

Shares of GLOB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of GLOB stock can currently be purchased for approximately $154.04.

Globant has a market capitalization of $5.71 billion and generates $659.33 million in revenue each year. The information technology services provider earns $54.01 million in net income (profit) each year or $1.76 on an earnings per share basis. Globant employs 11,855 workers across the globe.

The official website for Globant is www.globant.com.

Globant's mailing address is 37A AVENUE J.F. KENNEDY, Luxembourg N4, L-1855. The information technology services provider can be reached via phone at 352-2030-1596 or via email at [email protected]m.