NYSE:GLOBGlobant Stock Price, Forecast & News

$140.21

-3.83 (-2.66 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$137.19

Now: $140.21▼

$144.61

50-Day Range

$92.90

MA: $115.34▼

$144.81

52-Week Range

$70.83

Now: $140.21▼

$145.95

Volume743,780 shs

Average Volume378,830 shs

Market Capitalization$5.20 billion

P/E Ratio96.03

Dividend YieldN/A

Beta1.28

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^™

2.3 Analyst's Opinion

Consensus Rating
Globant has received a consensus rating of Buy. The company's average rating score is 2.55, and is based on 7 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $124.90, Globant has a potential downside of 10.9% from its current price of $140.21.
Amount of Analyst Coverage
Globant has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.2 Community Rank

Outperform Votes
Globant has received 284 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Globant has received 348 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Globant has received 55.06% “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
79.13% of the stock of Globant is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Globant are expected to grow by 43.68% in the coming year, from $1.74 to $2.50 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Globant is 96.03, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.34.
Price to Earnings Ratio vs. Sector
The P/E ratio of Globant is 96.03, 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 39.84.
Price to Book Value per Share Ratio
Globant has a P/B Ratio of 11.46. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.47 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

Webwww.globant.com

Phone352-2030-1596

Debt

Debt-to-Equity Ratio0.38

Current Ratio2.56

Quick Ratio2.56

Price-To-Earnings

Trailing P/E Ratio96.03

Forward P/E Ratio80.58

P/E GrowthN/A

Sales & Book Value

Annual Sales$659.33 million

Price / Sales7.89

Cash Flow$2.89 per share

Price / Cash Flow48.58

Book Value$12.23 per share

Price / Book11.46

Profitability

EPS (Most Recent Fiscal Year)$1.76

Net Income$54.01 million

Net Margins7.82%

Return on Equity16.57%

Return on Assets10.58%

Miscellaneous

Employees11,855

Outstanding Shares37,100,000

Market Cap$5.20 billion

Next Earnings Date8/20/2020 (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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, GLOB stock has increased by 42.8% and is now trading at $140.21. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Globant?

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.

When is Globant's next earnings date?

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

How were Globant's earnings last quarter?

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

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

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 estimate of $0.49. The company issued revenue guidance of $179 million, compared to the consensus revenue estimate of $173.8 million.

What price target have analysts set for GLOB?

11 equities research analysts have issued 1-year price objectives for Globant's stock. Their forecasts range from $80.00 to $152.00. On average, they expect Globant's stock price to reach $124.90 in the next year. This suggests that the stock has a possible downside of 10.9%. View analysts' price targets for Globant.

Has Globant been receiving favorable news coverage?

Media headlines about GLOB stock have been trending negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Globant earned a news sentiment score of -2.6 on InfoTrie's scale. They also gave media coverage about the information technology services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutGlobant.

Are investors shorting Globant?

Globant saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,160,000 shares, an increase of 6.4% from the April 30th total of 2,030,000 shares. Based on an average daily trading volume, of 403,900 shares, the short-interest ratio is presently 5.3 days. Approximately 6.0% of the shares of the company are sold short. View Globant's Current Options Chain.

Who are some of Globant's key competitors?

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

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), NVIDIA (NVDA), Alibaba Group (BABA), Baidu (BIDU), Marvell Technology Group (MRVL), Square (SQ), Crispr Therapeutics (CRSP), InVitae (NVTA), Cisco Systems (CSCO) and Inseego (INSG).

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."

Who are Globant's major shareholders?

Globant's stock is owned by a number of retail and institutional investors. Top institutional investors include Wasatch Advisors Inc. (6.84%), Morgan Stanley (4.99%), Morgan Stanley (4.99%), BlackRock Inc. (4.97%), Riverbridge Partners LLC (3.79%) and JPMorgan Chase & Co. (3.00%).

Which institutional investors are selling Globant stock?

GLOB stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, 1832 Asset Management L.P., Capital World Investors, Invesco Ltd., Compass Group LLC, Granahan Investment Management Inc. MA, and Wellington Management Group LLP.

Which institutional investors are buying Globant stock?

GLOB stock was acquired by a variety of institutional investors in the last quarter, including Sands Capital Management LLC, Fisher Asset Management LLC, BlackRock Inc., JPMorgan Chase & Co., Capital International Investors, Wasatch Advisors Inc., Ensign Peak Advisors Inc, and Schroder Investment Management Group.

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 $140.21.

How big of a company is Globant?

Globant has a market capitalization of $5.20 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.

What is Globant's official website?

The official website for Globant is 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 6/1/2020 by MarketBeat.com Staff