Globant SA (NYSE:GLOB) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $1.22-1.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.35. The company issued revenue guidance of $386-394 million, compared to the consensus revenue estimate of $390.25 million.Globant SA also updated its Q2 guidance to $0.26-0.28 EPS.

Globant SA (NYSE:GLOB) opened at 37.27 on Friday. The stock has a 50 day moving average of $36.05 and a 200 day moving average of $35.75. The company has a market cap of $1.30 billion, a PE ratio of 36.90 and a beta of 0.82. Globant SA has a 52 week low of $30.90 and a 52 week high of $47.19.

A number of brokerages recently commented on GLOB. TheStreet upgraded Globant SA from a c rating to a b- rating in a research report on Friday, March 17th. Cantor Fitzgerald dropped their target price on Globant SA from $43.00 to $36.00 and set a neutral rating on the stock in a research report on Friday, February 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Globant SA presently has a consensus rating of Hold and an average target price of $43.36.

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Large investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in shares of Globant SA by 34.5% in the first quarter. Bank of America Corp DE now owns 5,153 shares of the information technology services provider’s stock worth $188,000 after buying an additional 1,321 shares in the last quarter. Credit Suisse AG raised its stake in shares of Globant SA by 26.1% in the first quarter. Credit Suisse AG now owns 34,340 shares of the information technology services provider’s stock worth $1,250,000 after buying an additional 7,105 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Globant SA by 0.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 39,851 shares of the information technology services provider’s stock worth $1,451,000 after buying an additional 100 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Globant SA by 13.7% in the first quarter. Geode Capital Management LLC now owns 42,388 shares of the information technology services provider’s stock worth $1,542,000 after buying an additional 5,118 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of Globant SA by 6.2% in the first quarter. Teachers Advisors LLC now owns 43,970 shares of the information technology services provider’s stock worth $1,601,000 after buying an additional 2,578 shares in the last quarter. Hedge funds and other institutional investors own 63.04% of the company’s stock.

Globant SA Company Profile

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.

5 Day Chart for NYSE:GLOB

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