Globant (GLOB) Receives News Impact Rating of 0.16

Press coverage about Globant (NYSE:GLOB) has been trending somewhat positive this week, Accern reports. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. 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 media sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the information technology services provider an impact score of 46.7866540940213 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Globant (NYSE:GLOB) opened at $47.28 on Friday. The company has a market cap of $1,659.53, a P/E ratio of 57.66 and a beta of 0.83. Globant has a 12 month low of $32.11 and a 12 month high of $47.74.

A number of equities analysts recently commented on GLOB shares. Zacks Investment Research downgraded shares of Globant from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 22nd. KeyCorp reissued a “hold” rating on shares of Globant in a research note on Thursday, September 28th. BidaskClub raised shares of Globant from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. SunTrust Banks reissued a “hold” rating on shares of Globant in a research note on Sunday, October 22nd. Finally, Cowen reissued a “buy” rating and issued a $50.00 price objective on shares of Globant in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $46.20.

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About Globant

Globant SA is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe.

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