Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Globant (GLOB) Stock Price

News stories about Globant (NYSE:GLOB) have been trending somewhat positive on Thursday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Globant earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the information technology services provider an impact score of 46.4402221864968 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

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Shares of GLOB opened at $44.78 on Thursday. Globant has a 12 month low of $33.87 and a 12 month high of $54.84. The firm has a market cap of $1,592.14, a PE ratio of 50.89 and a beta of 0.54.

Globant (NYSE:GLOB) last posted its quarterly earnings data on Thursday, February 15th. The information technology services provider reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $115.43 million during the quarter, compared to the consensus estimate of $109.25 million. Globant had a net margin of 7.55% and a return on equity of 13.02%. research analysts forecast that Globant will post 1.22 earnings per share for the current year.

Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Globant from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. SunTrust Banks upgraded shares of Globant from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. ValuEngine upgraded shares of Globant from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, JPMorgan Chase restated an “overweight” rating and set a $54.00 price target (up previously from $50.00) on shares of Globant in a research note on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $49.57.

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About Globant

Globant SA develops and provides software solutions to clients in North America, the Latin America, Europe, and Asia. It offers API management, e-commerce, and digital solutions; graphics engineering, game engineering, gaming experience, VR/AR development, and digital platform services; Big Data services, such as data integration, data architecture, scalable platform, blockchain, data visualization, and data science; testing center, test automation, mobile testing, and load and performance testing services.

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