NYSE:GLOB - Globant Stock Price, Price Target & More

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

Globant SA (NYSE:GLOB) announced its quarterly earnings data on Thursday, May, 10th. The information technology services provider reported $0.38 EPS for the quarter, topping the Zacks' consensus estimate of $0.34 by $0.04. The information technology services provider earned $119.70 million during the quarter, compared to the consensus estimate of $113.96 million. Globant had a net margin of 7.32% and a return on equity of 13.11%. Globant's quarterly revenue was up 34.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. View Globant's Earnings History.

Globant is scheduled to release their next quarterly earnings announcement on Thursday, August, 16th 2018. View Earnings Estimates for Globant.

Globant issued an update on its FY18 earnings guidance on Thursday, May, 10th. The company provided earnings per share (EPS) guidance of $1.56-1.64 for the period, compared to the Thomson Reuters consensus estimate of $1.58. The company issued revenue guidance of $502-510 million, compared to the consensus revenue estimate of $504.20 million.Globant also updated its Q2 guidance to $0.36-0.40 EPS.

8 brokerages have issued 12 month price objectives for Globant's shares. Their forecasts range from $36.00 to $65.00. On average, they expect Globant's stock price to reach $52.2857 in the next year. This suggests that the stock has a possible downside of 12.0%. View Analyst Ratings for Globant.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globant in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Globant include Proofpoint (PFPT), RingCentral (RNG), Zendesk (ZEN), YY (YY), DST Systems (DST), Pegasystems (PEGA), Corelogic (CLGX), CarGurus (CARG), Bilibili (BILI), Zynga (ZNGA), Acxiom (ACXM), PagSeguro Digital (PAGS), Smartsheet (SMAR), Cars.com (CARS) and MINDBODY (MB).

News articles about GLOB stock have trended positive this week, according to Accern. Accern ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Globant earned a coverage optimism score of 0.25 on Accern's scale. They also gave news articles about the information technology services provider an impact score of 45.70 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

Globant's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Riverbridge Partners LLC (4.86%), Fred Alger Management Inc. (2.55%), Mckinley Capital Management LLC Delaware (0.05%), Pendal Group Ltd (0.05%), Fisher Asset Management LLC (0.04%) and American Capital Management Inc. (0.01%). View Institutional Ownership Trends for Globant.

GLOB stock was sold by a variety of institutional investors in the last quarter, including American Capital Management Inc., Fisher Asset Management LLC and Campbell & CO Investment Adviser LLC. View Insider Buying and Selling for Globant.

GLOB stock was purchased by a variety of institutional investors in the last quarter, including Fred Alger Management Inc., Riverbridge Partners LLC, Mckinley Capital Management LLC Delaware, Pendal Group Ltd and Bank of Montreal Can. View Insider Buying and Selling for Globant.

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, Scottrade, Fidelity and Charles Schwab.

One share of GLOB stock can currently be purchased for approximately $59.41.

Globant has a market capitalization of $2.08 billion and generates $413.44 million in revenue each year. The information technology services provider earns $30.53 million in net income (profit) each year or $0.88 on an earnings per share basis. Globant employs 5,631 workers across the globe.

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]