101.00 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||97.00 x 800|
|Ask||120.00 x 1000|
|Day's Range||100.65 - 102.75|
|52 Week Range||46.30 - 105.33|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||69.70|
|Earnings Date||Nov 13, 2017 - Nov 17, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||82.25|
(Bloomberg Opinion) -- Who even knew that WPP Plc still made wire baskets?It’s the basis for a good pub trivia question: former Chief Executive Officer Martin Sorrell built the world’s largest ads company by seeking out a publicly traded business where he could acquire control on the cheap, then use it as a deal-making vehicle to expand. The company he found was Wire and Plastic Products, a maker of wire baskets. In 1985, he bought a controlling stake, and over the subsequent 33 years expanded it into a 16-billion-pound global advertising player.Mark Read, Sorrell’s successor, is on the cusp of selling that business, British newspaper The Times reported on Saturday. I, for one, was flabbergasted to discover that WPP still owned it.It’s an infinitesimally small part of WPP’s business. The 973,641 pounds ($1.2 million) of 2017 sales it generated, the most recent fiscal year filed at Companies House, represented 0.006% of the parent company’s revenue. Or seven seconds of advertising at the Super Bowl halftime, where a 30-second slot costs $5 million.But this divestment isn’t about the money, per se. The company’s continued presence in the WPP stable is emblematic of the bloat which became endemic under Sorrell, whose investments included a 9% stake in publisher Vice Media and 19% stake in Argentinian software firm Globant SA. Read is demonstrating a clean break from the previous era. The message is that there’s no room for sentimentality.He’s earmarked 200 million pounds worth of divestments this year, adding to the 849 million pounds of businesses he sold last year. That excludes the sale of a majority stake in its Kantar market research business, which may close in the next few weeks and could be valued at more than 3 billion pounds. It’s a long overdue streamlining.Divestments alone won’t fix WPP’s problems. Sales in North America, the firm’s biggest market, continue to fall. Read has pushed through the internal mergers of some of his most prominent agencies: J. Walter Thompson has been combined with digital agency Wunderman to form Wunderman Thompson, for instance.Read signaled in an interview with Bloomberg News last week that he wasn’t done with acquisitions either. He tried to indicate that this wasn’t just taking a leaf from the Sorrell playbook, of buying customers and therefore growth.His stated aim is to be more strategic and buy digital capabilities, even in the creative space. That would echo archrival Publicis Groupe SA’s $4.4 billion deal to acquire digital marketing specialist Epsilon in April. It seems the transformation has a long way to go.For his part, Sorrell is building a new advertising holding company, having engineered a reverse takeover of Derriston Capital Plc and rebranding it S4 Capital Ltd. to fuel new deals. I fear it’s an unlikely eventuality, but I do wonder whether Sorrell’s impish side would be tempted to buy Wire and Plastic Products, just to close the loop.To contact the author of this story: Alex Webb at firstname.lastname@example.orgTo contact the editor responsible for this story: Jennifer Ryan at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Globant SA NYSE:GLOBView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate and increasing Bearish sentimentShort interest | NeutralShort interest is moderate for GLOB with between 5 and 10% of shares outstanding currently on loan. This represents an increase in short interest as investors who seek to profit from falling equity prices added to their short positions on May 30. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding GLOB are favorable, with net inflows of $4 million. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Globant S.A. (NYSE:GLOB), which is in the software business, and is based in Luxembourg, saw a significant share price...
Globant (GLOB) delivered earnings and revenue surprises of 6.38% and 0.79%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
LUXEMBOURG (AP) _ Globant SA (GLOB) on Thursday reported first-quarter net income of $12.1 million. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, came to 50 cents per share. For the current quarter ending in July, Globant expects its per-share earnings to range from 50 cents to 54 cents.
Solid Revenue Growth with Robust Operating Performance LUXEMBOURG , May 9, 2019 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company , today announced results for the three ...
Globant (GLOB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
If you're looking for an international small-cap stock that has demonstrated its ability to land, then expand, high-quality client relationships while increasing revenue and profits, consider Globant.
LUXEMBOURG , May 3, 2019 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company, today announced it will release results for the first quarter ended March 31st, 2019 on Thursday, ...
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! If you own shares in Globant S.A. (NYSE:GLOB) then it's worth thinking about how it contributes to th...
Globant (GLOB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
LUXEMBOURG, April 30, 2019 /PRNewswire/ -- Globant S.A. (GLOB), a digitally native technology services company focused on creating software that appeals and connects emotionally with consumers (the "Company"), announces that its Annual General Meeting of Shareholders and an Extraordinary General Meeting of Shareholders (collectively, the "General Meetings") are to be held on May 31, 2019. The General Meetings will be held at the registered office of the Company at 37A, Avenue J.F. Kennedy, L-1 855, Luxembourg.
Globant (GLOB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But when you pick a company that is really flourishing, you can make more than 100%. To wit, the Globant S.A. (NYSE:GLOB) share price...
SEATTLE , April 8, 2019 /PRNewswire/ -- Today, Globant , a digitally native technology services company, announced the availability of Signal OTT, a leading platform-as-a-service (PaaS) offering on Microsoft ...
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use ReturnRead More...
SAN FRANCISCO, Feb. 28, 2019 /PRNewswire/ -- Globant (GLOB), a digitally native technology services company, has just released its 2019 Trends in Technology report. The annual report dives into emerging technologies and how they will impact the business landscape in the new year and beyond. This year's edition examines the future of digital and cognitive transformations in businesses, in which digital infrastructure including the IoT Grid, the Artificial Intelligence Engine (AI Engine), Cloud, Intelligent Automation (IA), Quantum Computing and 5G become more ingrained across digital businesses.
NEW YORK, Feb. 20, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.