Globant (NYSE:GLOB) Issues FY20 Earnings Guidance
Globant (NYSE:GLOB) issued an update on its FY20 earnings guidance on Thursday morning. The company provided EPS guidance of at least $2.74 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.73. The company issued revenue guidance of at least $810 million, compared to the consensus revenue estimate of $809.39 million.Globant also updated its FY 2020
After-Hours guidance to 2.74 EPS.
GLOB stock traded up $8.83 during trading on Friday, hitting $134.82. The company had a trading volume of 823,106 shares, compared to its average volume of 280,848. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $120.77 and a 200-day moving average price of $103.88. Globant has a 12 month low of $67.60 and a 12 month high of $141.67. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 94.28 and a beta of 0.87.
Several research analysts recently weighed in on GLOB shares. Zacks Investment Research cut shares of Globant from a buy rating to a hold rating in a research report on Wednesday, January 15th. Citigroup boosted their price objective on shares of Globant from $125.00 to $128.00 and gave the stock a neutral rating in a research report on Friday. Cowen restated an outperform rating and issued a $140.00 price objective (up previously from $125.00) on shares of Globant in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Globant from $119.00 to $129.00 and gave the stock an overweight rating in a research report on Tuesday, February 18th. Finally, Cantor Fitzgerald boosted their price objective on shares of Globant from $97.00 to $120.00 and gave the stock a neutral rating in a research report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of Buy and an average target price of $120.80.
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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