Globant SA (GLOB) Announces Quarterly Earnings Results
Globant SA (NASDAQ:GLOB) issued its quarterly earnings data on Thursday. The company reported $0.20 earnings per share (EPS) for the quarter, AmericanBankingNews.com reports. The company had revenue of $49.40 million for the quarter, compared to the consensus estimate of $37.40 million.
A number of research firms have recently commented on GLOB. Analysts at Credit Suisse initiated coverage on shares of Globant SA in a research note on Tuesday. They set a “neutral” rating on the stock. On a related note, analysts at Cowen and Company initiated coverage on shares of Globant SA in a research note on Tuesday. They set an “outperform” rating and a $15.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Globant SA in a research note on Tuesday. They set an “overweight” rating and a $15.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $15.00.
Shares of Globant SA (NASDAQ:GLOB) traded up 1.07% during mid-day trading on Thursday, hitting $12.32. The stock had a trading volume of 101,176 shares. Globant SA has a one year low of $10.65 and a one year high of $13.25. The stock’s 50-day moving average is $11.55 and its 200-day moving average is $11.55. The company has a market cap of $410.8 million and a price-to-earnings ratio of 23.86.
Globant SA is technologies services provider focused on delivering software solutions that leverage technologies and related market trends.
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