Company Reports

Globant's second-quarter numbers were in line with FactSet consensus, but third-quarter guidance was below FactSet consensus, and the company cut 2026 guidance. Shares fell 9% on Aug 14, 2026.

Globant, headquartered in Luxembourg but largely based in Latin America, is an information technology services company focused on digital transformation and engineering. It generates revenue mainly by charging clients on a time-and-materials basis for services such as consulting/advice, customized software development and integration, and quality assurance and testing. Globant is primarily exposed to the media and entertainment and financial services sectors, which each account for around 20% of revenue.

Globant's first-quarter results and second-quarter guidance were broadly in line with FactSet consensus, and management's outlook for growth going forward was optimistic. Shares closed up 14% on May 15.

We have reviewed our moat ratings in the global technology sector due to potential disruption from artificial intelligence.

Globant, headquartered in Luxembourg but largely based in Latin America, is an information technology services company focused on providing digital transformation and engineering services. It generates revenue mainly by charging clients on a time and materials basis for services such as consulting/advice, customized software development and integration, and quality assurance and testing. Globant is primarily exposed to the media and entertainment and financial services sectors, which each account for around 20% of revenue.

Globant's fourth-quarter results and 2026 guidance were broadly in line with FactSet consensus. Organic growth is expected to return to positive territory by mid-2026. Shares were up around 4% in premarket trading.

Globant, headquartered in Luxembourg but largely based in Latin America, is an information technology services company focused on providing digital transformation and engineering services. It generates revenue mainly by charging clients on a time and materials basis for services such as consulting/advice, customized software development and integration, and quality assurance and testing. Globant is primarily exposed to the media and entertainment and financial services sectors, which each account for around 20% of revenue.

Globant's third-quarter results were broadly in line with FactSet consensus, but the outlook remains highly uncertain. Shares were down 7% in premarket trading.

Globant's second-quarter results and third-quarter guidance were broadly in line with FactSet consensus, but general business conditions remain weak. Shares fell 15% on Aug. 15.

Globant shares fell 24% after first-quarter results missed FactSet consensus, second-quarter guidance was below consensus, and 2025 guidance was cut (revenue down 8%, EPS down 13%).

Globant, headquartered in Luxembourg but largely based in Latin America, is an information technology services company focused on providing digital transformation and engineering services. It generates revenue mainly by charging clients on a time and materials basis for services such as consulting/advice, customized software development and integration, and quality assurance and testing. Globant is primarily exposed to the media and entertainment and financial services sectors, which each account for around 20% of revenue.

Globant shares fell 28% on Feb. 21 after the company gave lower-than-expected revenue guidance for 2025 and the first quarter.

Globant, headquartered in Luxembourg but largely based in Latin America, is an information technology services company focused on providing digital transformation and engineering services. It generates revenue mainly by charging clients on a time and materials basis for services such as consulting/advice, customized software development and integration, and quality assurance and testing. Globant is primarily exposed to the media and entertainment and financial services sectors, which each account for around 20% of revenue.

Globant shares were down around 10% intraday despite third-quarter results being in line with FactSet consensus. Fiscal 2024 guidance was tightened. We surmise the market was hoping for a stronger growth outlook for the fourth quarter.

Globant, headquartered in Luxembourg but largely based in Latin America, is an information technology services company focused on providing digital transformation and engineering services. It generates revenue mainly by charging clients on a time and materials basis for services such as consulting/advice, customized software development and integration, and quality assurance and testing. Globant is primarily exposed to the media and entertainment and financial services sectors, which each account for around 20% of revenue.

Globant delivered another set of strong quarterly results with revenue up 18% year over year. This compares favorably with key peers EPAM and Endava, which have been struggling to generate revenue growth in recent quarters. Shares rose 5% intraday despite results that were broadly in line with FactSet consensus, which we think reflects Globant’s confidence in its fiscal 2024 guidance in a tenuous macroeconomic environment. We’re maintaining our $201 fair value estimate. At current levels, the shares look fairly valued.

Narrow-moat Globant reported first-quarter 2024 results that were broadly in line with FactSet consensus, but it tweaked revenue and margin outlooks for the year. Management lowered its adjusted margin range from 15%-16% to 14.5%-15.5% on lower expected utilization rates and continued foreign exchange headwinds. On revenue, management adjusted the guidance range to $2.405 billion to $2.440 billion from at least $2.435 billion. Globant shares are down over 20% year to date and look to be down further in premarket trading. With no expected change to our $201 fair value estimate, we view the shares as undervalued at current levels.

Narrow-moat Globant reported fourth-quarter 2023 results that were broadly in line with FactSet consensus. However, guidance for fiscal 2024 was below our forecast and FactSet consensus, which we think caused the shares to close down around 6% on Feb. 16. Weaker-than-expected guidance is due to limited visibility into the second half of fiscal 2024, despite a positive improvement in business conditions. We don’t expect to make a material change to our $201 fair value estimate. At current levels, the shares look fairly valued given the company’s High Morningstar Uncertainty Rating.

We're initiating coverage on two narrow-moat information technology services companies that specialize in digital transformation services. We think narrow-moat Globant is fairly valued with a $201 fair value estimate. In contrast, we think narrow-moat Endava is undervalued with a $77 fair value estimate, which puts the stock in 4-star territory. Endava is enduring a larger growth downturn than Globant in the current challenging environment given its high exposure to private equity, which we think has caused investors with a short investment horizon to sell the stock.

Globant, headquartered in Luxembourg but largely based in Latin America, is an information technology services company focused on providing digital transformation and engineering services. It generates revenue mainly by charging clients on a time and materials basis for services such as consulting/advice, customized software development and integration, and quality assurance and testing. Globant is primarily exposed to the media and entertainment and financial services sectors, which each account for around 20% of revenue.