Somewhat Positive Press Coverage Somewhat Unlikely to Affect Globant (GLOB) Stock Price
Headlines about Globant (NYSE:GLOB) have been trending somewhat positive on Thursday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Globant earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media stories about the information technology services provider an impact score of 45.5970237225372 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Globant (GLOB) traded down 0.36% during mid-day trading on Thursday, hitting $41.05. 303,171 shares of the stock traded hands. The stock has a market cap of $1.43 billion, a PE ratio of 49.52 and a beta of 0.88. The company has a 50 day moving average of $39.12 and a 200-day moving average of $39.69. Globant has a 12-month low of $30.90 and a 12-month high of $47.51.
Globant (NYSE:GLOB) last announced its earnings results on Thursday, August 17th. The information technology services provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.16). The business had revenue of $99.60 million during the quarter, compared to analyst estimates of $95.79 million. Globant had a net margin of 8.61% and a return on equity of 15.08%. The business’s revenue was up 24.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 earnings per share. Equities research analysts forecast that Globant will post $1.25 earnings per share for the current year.
GLOB has been the topic of several research analyst reports. BidaskClub raised shares of Globant from a “hold” rating to a “buy” rating in a research report on Thursday. Citigroup Inc. boosted their target price on shares of Globant from $42.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, July 19th. SunTrust Banks, Inc. downgraded shares of Globant from a “buy” rating to a “hold” rating and upped their price objective for the company from $43.00 to $48.00 in a report on Thursday, July 27th. They noted that the move was a valuation call. KeyCorp reaffirmed a “hold” rating on shares of Globant in a report on Thursday, September 28th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $42.00 price objective (up from $36.00) on shares of Globant in a report on Friday, August 18th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $43.20.
TRADEMARK VIOLATION WARNING: This piece was originally reported by Marea Informative and is owned by of Marea Informative. If you are accessing this piece on another site, it was illegally stolen and republished in violation of US and international trademark and copyright laws. The original version of this piece can be read at http://www.mareainformativa.com/somewhat-positive-press-coverage-somewhat-unlikely-to-affect-globant-glob-stock-price/117941/.
Globant Company Profile
Globant SA is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe.
Receive News & Stock Ratings for Globant S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Globant S.A. and related stocks with our FREE daily email newsletter.