|Bid||86.81 x 800|
|Ask||89.80 x 2200|
|Day's Range||86.72 - 89.00|
|52 Week Range||46.30 - 112.33|
|Beta (3Y Monthly)||0.73|
|PE Ratio (TTM)||61.24|
|Earnings Date||Aug 15, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||108.33|
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
(Bloomberg Opinion) -- Investors in Argentina would seem to have no peers among global losers.After voters resoundingly rejected President Mauricio Macri and his free-market policies in primary elections earlier this month, the stock market, as measured by the S&P Merval Index, lost almost half its value in the biggest crash in at least six decades. The country’s currency, the peso, suffered its biggest decline since December 2015. The government’s benchmark-equivalent bond plummeted a record 26% to trade at 56 cents on the dollar, according to data compiled by Bloomberg.Argentina, whose economy is the third largest in Latin America, was already reeling from recession and inflation as high as 57.3% in May. The fear among investors now is the return to power of the Peronist party that traditionally stiffed creditors, defaulted on the nation’s bonds and rigged economic data so much that lenders had no incentive for a rescue.Amid the financial carnage, however, are two companies based in Argentina that highlight the country’s potential and showcase possible building blocks for its recovery. They are MercadoLibre Inc., Latin America’s largest online marketplace and biggest provider of online payment and digital financial services, and Globant SA, a software developer and technology services provider. Both are listed in the U.S., but if they were listed in their home country they would be 1.5 times the value of the local stock market, according to data compiled by Bloomberg. MercadoLibre and Globant increased their worldwide workforces 30% and 31%, respectively, to 7,239 and 8,384 in 2018 when most of the nation’s employers were either letting people go or not hiring during the recession.MercadoLibre is the most valuable publicly traded company based in Argentina, with a market value of $30 billion and revenue last year of $1.4 billion. Chief Executive Officer Marcos Eduardo Galperin, who is 47, started the company in his Buenos Aires garage in 1999 after studying at Stanford University. When he was a student, he successfully pitched the idea for the company to an investor while he was driving him to the airport. The company he has built now has operations in 18 countries and is referred to frequently as the Amazon.com of Latin America, with a healthy dose of PayPal thrown in because of its successful payments system.MercadoLibre, which went public in 2007, has gained 442% during the past five years and is still delivering a 109% total return this year. Its revenue is expected to increase 53% this year and 39% in 2020, according to analysts surveyed by Bloomberg. And while its 48% gross margin is down from previous years, it has been investing heavily in its businesses.Even with that success, Galperin sees a lot more room for growth. “Latin America has 600 million people and we have roughly 50 million people using our platform, up from 4 million” when the company went public, he said during an interview earlier this month at his Buenos Aires headquarters. MercadoLibre “can grow another 10 times from 50 million to 500 million” because “the number of transactions that are done per user in Latin America is still a 10th of what is happening in China.” The company derives only 21% of its revenue inside Argentina, so there’s plenty of room for expansion there.Martin Migoya, the 51-year-old chairman, CEO and co-founder of Globant, shared Galperin’s views about growth opportunities, calling the digital space “the largest single opportunity in the planet today.” His company, which was started in 2003, develops software and services for an array of mobile, social media, cloud-computing, gaming and big-data purposes, including artificial intelligence and machine learning. Its clients, 90% of which are in the U.S., have included such prominent companies as Google, Electronic Arts and Walt Disney.During an interview earlier this month at his Buenos Aires headquarters, Migoya said Globant, which generates only 5% of its sales in Argentina, is especially prepared to benefit from “a $5 trillion market in the next five years” made up of “digital transformation and cognitive transformation, which means applying artificial intelligence to pretty much everything.”Globant, which has a market value of $3.3 billion and generated $522 million in revenue last year, has gained 621% over the past five years and is returning 60% this year. Its sales are expected to increase 24% in 2019 and 21% next year, according to analysts surveyed by Bloomberg.The performances of MercadoLibre and Globant haven’t gone unnoticed. Toronto-based Dynamic Power Global Growth Fund, managed by Noah Blackstein, produced the largest total returns during the past 10, five and one years among more than 1,000 global mutual funds, according to data compiled by Bloomberg. MercadoLibre is the largest holding, accounting for more than 7% of the fund, according to the most recent filing. Globant makes up 5%.Blackstein looks for companies, not countries, when he invests. “My focus is finding the biggest opportunities for growth wherever they lie in the world, be they in technology, health care and retail,” he said in a July interview.By his measure, Argentina has some of the brightest prospects. As the country descends once again into political and economic instability, MercadoLibre and Globant can remind citizens and investors alike that a downward spiral doesn’t have to be the status quo.\--With assistance from Shin Pei.To contact the author of this story: Matthew A. Winkler at email@example.comTo contact the editor responsible for this story: Daniel Niemi at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Matthew A. Winkler is a Bloomberg Opinion columnist. He is the editor-in-chief emeritus of Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Globant (GLOB) delivered earnings and revenue surprises of 1.92% and 0.06%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Revenue Growth and Earnings Momentum Continues Second quarter revenues of $157.5 million , up 23.2% year-over-year IFRS Diluted EPS of $0.36 for the second quarter Non-IFRS Diluted EPS of $0.53 for the ...
Globant (NYSE: GLOB ) will be releasing its next round of earnings this Thursday, August 15. For all of the relevant information, here is your guide for the Q2 earnings announcement. Earnings and Revenue ...
With this operation, Globant aims to expand the company's capabilities and develop its leadership by leveraging Singularity University's profound innovation background. SAN FRANCISCO, Aug. 13, 2019 /PRNewswire/ -- Globant (GLOB), a digitally native technology services company, today announced it has entered into a note purchase agreement with Singularity University (SU), a global community with a mission to empower leaders to apply exponential technologies to help solve humanity's grand challenges. Alongside this operation, Globant aims to leverage SU's comprehensive curricula around breakthrough technologies to further prepare its leaders and global talent for future challenges.
This acquisition strengthens Globant's positioning in Latin America and its expertise in key industries like finance, payment, healthcare and retail. LUXEMBOURG, Aug. 12, 2019 /PRNewswire/ -- Globant (GLOB), a digitally native technology services company, today announced the acquisition of Belatrix Software, a leading agile product development company with nearly 20 years of experience and a presence in Peru, Colombia, Spain, the United States and Argentina. With this acquisition, Globant reinforces its leading presence in Latin America delivering digital and cognitive transformation for some of the most renowned brands in the world.
Globant (GLOB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
LUXEMBOURG , Aug. 6, 2019 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company, today announced it will release results for the second quarter ended June 30th, 2019 on Thursday ...
Boeing weighed heavily on the Dow Jones Industrial Average. In a fairly broad rally, small cap indexes showed more bullishness.
(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 email@example.comTo contact the editor responsible for this story: Jennifer Ryan at firstname.lastname@example.orgThis 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 email@example.com.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.