|Bid||120.36 x 1800|
|Ask||120.43 x 1000|
|Day's Range||116.50 - 120.93|
|52 Week Range||62.66 - 120.93|
|Beta (5Y Monthly)||0.95|
|PE Ratio (TTM)||86.08|
|Earnings Date||Feb 11, 2020 - Feb 16, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||112.60|
Globant (NYSE: GLOB), a digitally native technology services company, today released its latest Sentinel Report, an initiative designed to help today's organizations maintain relevance through the observation of market trends, insights and industry behaviors across the globe. This edition of the report focuses on why optimizing business value is more important than ever to stay competitive as top brands continue to mature their operations. In the report, Globant identifies five non-traditional ways leaders can elevate the health and well-being of their organizations as well as practical tips and success stories.
Globant (NYSE: GLOB) today launched its Be Kind initiative, a call to action to make the world a better place by transforming organizations and people's lives. The initiative commits Globant and its Globers to:
Technological changes are occurring at an ever-accelerating pace. As any savvy business knows, the need to adapt and integrate new working models is essential for long-term success. Digital transformation services TAM (total addressable market) is expected to grow by 17% each year between 2019 to 2022, from $390 billion to $622 billion. The scene is set, then, for well positioned companies to get a piece of the rapidly expanding industry.In a recent research report, Wedbush analyst Moshe Katri outlined his thoughts on the IT industry’s future, in addition to reevaluating the firm’s investment thesis on some of the sector’s important players.“Digital innovation will continue to expand,” Katri said, “from 2018 to 2023, 500 million new logical apps will be created, equal to the number built over the past 40 years, driven by new tools/platforms, more developers, agile methods, and code reuse.”So, we took the data at hand, delved into TipRanks.com to get the score on 2 IT stocks the Wedbush analyst thinks investors should own in 2020. Let’s have a look.Globant SA (GLOB)As its name implies, this IT solutions provider is global in its outreach. Founded in Buenos Aires and currently headquartered in Luxemburg, Globant has offices all over the world, from the US to Colombia to UK to Belarus, amongst others.Globant has some big-league clients among its roster, including Disney, American Express, and LinkedIn, and since its IPO in 2014, has exhibited double-digit growth every year. 2019, alone, has seen the digital consulting organization add 84% to its share price.The company’s goal of creating meaningful relationships between brands and consumers is manifested in its work, which includes building systems from the ground up, creating websites and apps, and updating old platforms for its clients. Globant has more than 7,800 IT pros across the globe, organized into bespoke units offering solutions in specific areas of expertise.Katri thinks “funding for digital transformation projects” are in the third year of a five-year spending cycle and will likely continue and result in “strong 20%+ revenue growth for a host of vendors in the space.” The 5-star analyst thinks “barring a global macro-economic shock/event,” Globant is among those standing to benefit. “A combination of a strong pipeline, expected recovery at three top five clients, a firm revenue baseline in Q4/CY19 as well as ongoing work in payments position the company for growth reacceleration in CY2020,” said Katri.Therefore, the 5-star analyst reiterated an Outperform rating on Globant, alongside a price target of $115. This sets the scene for gains of 11% over the next year. (To watch Katri’s track record, click here)With 3 Buys and 1 Hold rating from analysts tracked by TipRanks over the last 3 months, Globant ranks as a Strong Buy. The Street’s similar outlook to Katri’s extends to the price target, too. At $114, it comes in just below the Wedbush analyst’s target, indicating 11% upside potential. (See Globant stock analysis on TipRanks) WNS Limited (WNS)WNS has been turning heads on the Street recently, as the global BPM (business process management) service provider was recently acknowledged as a market leader in insurance services by leading insights company, ISG (information services group). The BPO (business process outsourcing) report notes the company’s leading position in the insurance value chain and range of digital offerings, including customer digital applications, broker applications, and self-service portals.The recognition caps a strong year for the outsourcing leader, in which it has added 52% to its share price and has consistently beaten EPS estimates by wide margins.Heading into the new year, management has noted the company’s success “cross-selling services into new acquired client base”, as well as the sector’s historic resilience in terms of demand during periods of economic slowdown.Katri agrees, and rates WNS as his current “favorite small cap BPO name to own” owing to a combination of a “robust pipeline, strong visibility, impressive win rates and a defensive/resilient model with the possibility of further acceleration in C/C (cash/credit) top line growth (FY20).”The analyst noted, “Fundamentally, WNS continues to benefit from an under-penetrated end market (20-30% for FS, Insurance and Travel verticals), an ongoing shift into a transaction-based model, as well as from growing interest in bundling BPO solutions with analytics/AI as economic uncertainty/disruption propel companies to increasingly focus on cost takeout strategies.”To this end, Katri reiterated an Outperform rating on WNS, and increased his price target from $65 to $70, indicating possible upside of 11% in the coming year.Looks like the Street is on the same page as the Wedbush analyst. WNS currently has a Strong Buy consensus rating, breaking down into 4 Buys and 1 Hold. An average price target of $73.40 implies gains of 16% could be in the cards for the leading business services provider. (See WNS stock analysis on TipRanks)
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Our research shows that most of the stocks that smart money likes historically generate strong […]
Globant (NYSE:GLOB), a digitally-native technology services company, today announced the addition of Nicolás Pablo Kaplún as Regional Managing Director of Latin America. Reporting to Globant's CEO and Co-founder Martin Migoya, Mr. Kaplun will run and oversee all aspects of the Latin America operation, including the business development strategy, team building and management and overall client relationship. He will also collaborate in global strategic initiatives.
Globant (GLOB) delivered earnings and revenue surprises of 5.08% and -0.03%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Robust Results, Backed By Strong Demand Environment Third quarter revenues of $171.3 million , up 27.3% year-over-year IFRS Diluted EPS of $0.40 for the third quarter Non-IFRS Diluted EPS of $0.62 for ...
SAN FRANCISCO, Nov. 13, 2019 /PRNewswire/ -- About half (51%) of employees, regardless of their job title or role, say their peers are the No.1 group that inspires them to stay with a company, according to a new report released today by Globant (GLOB), a digitally native technology services company. The study also found that two out of three employees (62%) wish they knew their coworkers better, and four out of five (83%) believe that knowing their coworkers better would make them a more engaged team member. Based on a survey of 1,000 U.S. employees across a range of industries, the study points to an urgent need for organizations to increase their focus on enhancing the employee experience or risk losing top talent.
LUXEMBOURG , Nov. 7, 2019 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company, today announced it will release results for the third quarter ended September 30th, 2019 ...
After looking at Globant S.A.'s (NYSE:GLOB) latest earnings announcement (30 June 2019), I found it useful to revisit...
SAN FRANCISCO, Oct. 30, 2019 /PRNewswire/ -- Globant (GLOB), a digitally-native technology services company, today announced the findings from its "Cutting Through the Chaos: How to Bring Success to Digital Transformation Initiatives" report. The report explores where organizations are in terms of digital maturity, as well as the barriers keeping them from successfully leading strong digital initiatives. While 87% of organizations are currently pursuing a digital transformation initiative, according to data highlighted in the report, less than a third (28%) of companies say they're innovative and their digital maturity is cutting edge.
We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […]
NEW YORK, Oct. 24, 2019 /PRNewswire/ -- Globant (GLOB), a digitally native technology services company, today announced the theme, confirmed speakers and programming details for its fifth annual conference, CONVERGE. Taking place at the New York Stock Exchange on November 6, 2019, the focus of this year's conference is "The Future of Augmented Organizations." The event's programming will highlight how companies can reinvent themselves as they integrate AI capabilities into their processes and business model. "As the digital and cognitive revolutions change the landscape of our world, it's crucial to rethink how organizations must reinvent themselves.
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Globant (GLOB) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.