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GLOB

Globant

$53.97

-0.87 (-1.59%)

16:26
10/09/18
10/09
16:26
10/09/18
16:26

Globant announces promotion of current CFO, Juan Urthiague to succeed

Globant announced the promotion of Alejandro Scannapieco, the current CFO, to executive VP and GM of Globant's U.S. East Region, reporting directly to the CEO of the company. In parallel, the company announced the addition of Juan Urthiague as its CFO. In order to ensure a smooth transition, Scannapieco will assist Urthiague during the next two quarters. Alejandro Scannapieco has been Globant's CFO since 2008 and has successfully led major strategic projects, including the company's IPO in July 2014. Now, as GM of the East Region, Alejandro will be responsible for Globant's business operations and strategic growth in a very relevant region, with the goal of achieving greater presence and recognition. Juan Urthiague has previously worked for Globant, from 2011 until 2017, serving under Scannapieco as global treasurer, investor relations officer, head of financial services and head of corporate finance. He is returning to the company from OLX Group, where he was CFO of the Latam division and was responsible for six companies in twelve countries.

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GLOB Globant
$53.97

-0.87 (-1.59%)

06/19/18
WEDB
06/19/18
NO CHANGE
Target $65
WEDB
Outperform
Globant price target raised to $65 from $55 at Wedbush
Wedbush analyst Moshe Katri raised his price target for Globant to $65 from $55 as he believes the company is well positioned to benefit from a multi-year spending cycle on digital/SMAC-related solutions, expanding project/deal sizes, expanding wallet share from strategic clients, as well as from diminishing margin-related headwinds. Katri reiterates an Outperform rating on the shares.
07/11/18
RHCO
07/11/18
NO CHANGE
Target $64
RHCO
Buy
Globant price target raised to $64 from $59 at SunTrust
SunTrust analyst Frank Atkins raised his price target on Globant to $64 citing the findings of his recent Q2 CIO/IT manager poll. The survey revealed that the IT spending directed at the highest quartile of skill sets - a group where Globant sees the majority of its demand - was the most protected in terms of pricing for the 2nd consecutive quarter. Atkins adds that IT spending is expected to accelerate over the next 12 months in general, leading to improved Q2 results for Globant relative to Q1. The analyst thus contends that the company's growth is sustainable, keeping his Buy rating on Globant.
08/24/18
SBSH
08/24/18
NO CHANGE
Target $66
SBSH
Buy
Globant price target raised to $66 from $62 at Citi
Citi analyst Ashwin Shirvaikar raised his price target for Globant to $66 saying the company last night delivered another good quarter of broad-based growth. The organic back-half outlook is for low 20% revenue growth which, based on current demand trends, should prove conservative, Shirvaikar tells investors in a post-earnings research note. The analyst adds that while the stock has done well, he's "happy buying at current levels." He keeps a Buy rating on Globant.
09/04/18
WBLR
09/04/18
NO CHANGE
WBLR
Outperform
Globant unlikely to be impacted by Argentina tax changes, say William Blair
William Blair analyst Anil Doradla does not expect a material impact to Globant from the tax changes taking place in Argentina. Shares of Globant are down 2% in morning trading to $63.70 after Argentina announced yesterday that it will impose a temporary tax on exports.

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LYB

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ALDR

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BMY

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XRX

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