Globant (GLOB) News Today

Globant S.A. (NYSE: GLOB) shares decreased today after mixed second-quarter results and cautious forward guidance weighed on sentiment.

• Positive Sentiment: Globant beat consensus on Q2 adjusted EPS, reporting $1.53 versus $1.52 expected. MSN: EPS Beat
• Positive Sentiment: Revenue of $614.2 million topped estimates of $612.7 million and rose 4.5% year-over-year. PR Newswire: Q2 Results
• Positive Sentiment: Management highlighted strategic AI partnerships and a growing pipeline amid market challenges on the Q2 earnings call. GuruFocus Highlights
• Positive Sentiment: Analysts at Zacks noted that Globant beat both earnings and revenue estimates for Q2. Zacks: Q2 Beat
• Neutral Sentiment: Needham’s Mayank Tandon maintained a Buy rating and $85 price target, citing valuation appeal amid strategic shifts. TipRanks: Buy Rating Maintained
• Neutral Sentiment: Full earnings call transcripts and slide decks were released, offering detailed commentary from management. [Transcripts & slide decks]
• Neutral Sentiment: Analysts are weighing Globant against peers such as NetEase (NTES) in value comparisons. Zacks: GLOB vs NTES
• Neutral Sentiment: FY 2025 EPS guidance (6.12) and Q3 guidance (1.53) were updated, though the range was broadly in line with prior forecasts. [Company Guidance]
• Negative Sentiment: Q3 revenue and EPS guidance came in below expectations, triggering a sell-off. MSN: Q3 Forecast Miss
• Negative Sentiment: Analysts at Needham cut their price target from $115 to $85 despite keeping a Buy rating. Benzinga: Needham PT Cut
• Negative Sentiment: JPMorgan downgraded Globant from Overweight to Neutral and set a $78 target. Benzinga: JPMorgan Downgrade
• Negative Sentiment: Pre-market weakness in tech, led by peers like Applied Materials issuing soft outlooks, dragged on Globant shares. Benzinga: Pre-Market Weakness
• Negative Sentiment: A recent Fool.com analysis warned Globant “can’t get its groove back” in Q2, underscoring ongoing growth challenges. Fool.com: Q2 Analysis