Globant (GLOB) Set to Announce Earnings on Thursday

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Globant (NYSE:GLOB) is set to post its quarterly earnings results after the market closes on Thursday, August 15th. Analysts expect Globant to post earnings of $0.41 per share for the quarter.

Shares of GLOB stock opened at $105.41 on Wednesday. The stock has a 50 day moving average price of $105.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.69 and a quick ratio of 2.29. Globant has a 12 month low of $46.30 and a 12 month high of $112.33. The company has a market cap of $3.91 billion, a P/E ratio of 75.83 and a beta of 0.84.

A number of brokerages have commented on GLOB. Zacks Investment Research downgraded Globant from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Citigroup downgraded Globant from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $93.00 to $115.00 in a research report on Wednesday, July 17th. Itau BBA Securities upgraded Globant from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $74.00 to $113.00 in a research report on Friday, June 21st. Finally, Wedbush reiterated an “outperform” rating and issued a $90.00 price objective (up previously from $75.00) on shares of Globant in a research report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $88.00.

Globant Company Profile

Globant SA, 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.

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Earnings History for Globant (NYSE:GLOB)

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