NYSE:GLOBGlobant Stock Price, Forecast & News

$92.90

-4.67 (-4.79 %)

(As of 04/10/2020 08:37 AM ET)

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Today's Range

$91.40

Now: $92.90▼

$102.73

50-Day Range

$72.65

MA: $100.58▼

$134.82

52-Week Range

$70.83

Now: $92.90▼

$141.67

Volume612,790 shs

Average Volume513,629 shs

Market Capitalization$3.45 billion

P/E Ratio64.97

Dividend YieldN/A

Beta1.11

Globant S.A., a technology services company, provides services related to application development, testing, infrastructure management, and application maintenance worldwide. The company offers machine learning, pattern recognition, natural language understanding, future of organizations, customer insight, behavioral change, product innovation, design thinking, product management discovery and delivery, and product coaching services. It also provides process appraisal, automated, process evolution, delivery management, agile consultancy, management consulting, user experience, visual and service, industrial design, mobile engineering, fast prototyping, and mobile and product strategy services. In addition, the company offers game engineering and experience, digital platform, virtual and augmented reality, graphics engineering, 3D and 2D art, e-Sports, data architecture, data science, distributed platform, data integration, data visualization, and blockchain services. Further, it provides Internet of things experience and consultancy, platform, hardware integration, content management system, e-learning, video content production, OTT, and Cloud Ops Studio services. Additionally, the company offers functional testing, load and performance testing, mobile testing, test automation, large scale Web applications, hybrid and cross-compiled development, accessibility, API management, micro, complex architecture, software archaeology, IT service management, and software evolution services, as well as services over platforms. It serves medium- to large-sized companies operating in media and entertainment, professional services, technology and telecommunications, travel and hospitality, banks, financial services and insurance, and consumer, and retail and manufacturing industries. The company was formerly known as IT Outsourcing S.L. and changed its name to Globant S.A. in December 2012. Globant S.A. was founded in 2003 and is based in Luxembourg City, Luxembourg.

Beat the Market (BTM) Rank^™

4.3 Analyst's Opinion

Consensus Rating
Globant has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 7 buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $121.00, Globant has a potential upside of 30.2% from its current price of $92.90.
Amount of Analyst Coverage
Globant has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.3 Community Rank

Outperform Votes
Globant has received 280 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Globant has received 339 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Globant has received 54.77% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Globant and other stocks. Vote “Outperform” if you believe GLOB will outperform the S&P 500 over the long term. Vote “Underperform” if you believe GLOB will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Globant does not currently pay a dividend.
Dividend Growth
Globant does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Globant insiders have not sold or bought any company stock.
Percentage Held by Institutions
80.03% of the stock of Globant is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Globant are expected to grow by 33.94% in the coming year, from $2.18 to $2.92 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Globant is 64.97, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 12.55.
Price to Earnings Ratio vs. Sector
The P/E ratio of Globant is 64.97, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 34.81.
Price to Book Value per Share Ratio
Globant has a P/B Ratio of 7.70. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.77 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Data processing & preparation

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNYSE:GLOB

Previous Symbol

CUSIPN/A

CIK1557860

Webhttp://www.globant.com/

Phone352-2030-1596

Debt

Debt-to-Equity Ratio0.21

Current Ratio1.89

Quick Ratio1.89

Price-To-Earnings

Trailing P/E Ratio64.97

Forward P/E Ratio42.61

P/E GrowthN/A

Sales & Book Value

Annual Sales$659.33 million

Price / Sales5.23

Cash Flow$2.75 per share

Price / Cash Flow33.80

Book Value$12.06 per share

Price / Book7.70

Profitability

EPS (Most Recent Fiscal Year)$1.76

Net Income$54.01 million

Net Margins8.19%

Return on Equity16.53%

Return on Assets11.04%

Miscellaneous

Employees11,855

Outstanding Shares37,100,000

Market Cap$3.45 billion

Next Earnings Date5/14/2020 (Estimated)

OptionableOptionable

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Globant (NYSE:GLOB) Frequently Asked Questions

How has Globant's stock been impacted by COVID-19 (Coronavirus)?

Globant's stock was trading at $98.18 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GLOB shares have decreased by 5.4% and is now trading at $92.90. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Globant?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Globant in the last year. There are currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Globant.

When is Globant's next earnings date?

Globant is scheduled to release its next quarterly earnings announcement on Thursday, May 14th 2020. View our earnings forecast for Globant.

How were Globant's earnings last quarter?

Globant SA (NYSE:GLOB) issued its quarterly earnings results on Thursday, February, 20th. The information technology services provider reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. The information technology services provider earned $184.31 million during the quarter, compared to analysts' expectations of $183.46 million. Globant had a return on equity of 16.53% and a net margin of 8.19%. View Globant's earnings history.

What guidance has Globant issued on next quarter's earnings?

Globant issued an update on its FY20 earnings guidance on Thursday, February, 20th. The company provided earnings per share (EPS) guidance of at least $2.74 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.73. The company issued revenue guidance of at least $810 million, compared to the consensus revenue estimate of $809.39 million.

What price target have analysts set for GLOB?

10 analysts have issued 1-year price objectives for Globant's shares. Their forecasts range from $80.00 to $150.00. On average, they expect Globant's stock price to reach $121.00 in the next year. This suggests a possible upside of 30.2% from the stock's current price. View analysts' price targets for Globant.

Has Globant been receiving favorable news coverage?

Media coverage about GLOB stock has trended very negative recently, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Globant earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned headlines about the information technology services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutGlobant.

Are investors shorting Globant?

Globant saw a decrease in short interest during the month of February. As of February 28th, there was short interest totaling 1,080,000 shares, a decrease of 18.2% from the February 13th total of 1,320,000 shares. Based on an average daily trading volume, of 290,400 shares, the short-interest ratio is presently 3.7 days. Currently, 3.0% of the shares of the stock are short sold. View Globant's Current Options Chain.

Who are some of Globant's key competitors?

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

What other stocks do shareholders of Globant own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Globant investors own include General Electric (GE), Alibaba Group (BABA), NVIDIA (NVDA), AT&T (T), Veeva Systems (VEEV), Fortinet (FTNT), Baidu (BIDU), Walt Disney (DIS), Energy Transfer LP Unit (ET) and Innovative Industrial Properties (IIPR).

Who are Globant's key executives?

Globant's management team includes the following people:

Mr. Martín Migoya, Chairman, CEO & Pres (Age 51)
Mr. Guibert Andrés Englebienne, CTO & Director (Age 53)
Mr. Martín Gonzalo Umaran, Chief of Staff & Director (Age 51)
Mr. Néstor Nocetti, Co-Founder & Exec. VP of Corp. Affairs
Mr. Juan Urthiague, CFO & Investor Relations Officer

What is Globant's stock symbol?

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

How do I buy shares of 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, Robinhood, Fidelity, and Charles Schwab.

What is Globant's stock price today?

One share of GLOB stock can currently be purchased for approximately $92.90.

How big of a company is Globant?

Globant has a market capitalization of $3.45 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. View additional information about Globant.

What is Globant's official website?

The official website for Globant is http://www.globant.com/.

How can I contact Globant?

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]

This page was last updated on 4/10/2020 by MarketBeat.com Staff

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