Reported 1 day ago
In the second quarter of 2025, Globant S.A. (NYSE:GLOB) experienced a significant decline, with shares dropping 54.28% over the past year, closing at $90.10. This downturn was attributed to weaker-than-expected fiscal first-quarter results, where revenue growth fell short of analyst expectations due to clients postponing IT and digital transformation projects amid economic uncertainty, particularly in North America. The Alger Mid Cap Focus Fund noted that despite solid revenues in Q1, heightened competition in AI stocks poses greater investment opportunities.
Source: YAHOO