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Globant (GLOB) Worth a Look: Stock Adds 5.9% in Session

Globant S.A. GLOB was a big mover last session, as the company saw its shares rise nearly 6% on the day. The upside was driven by the company’s announcement of better-than-expected earnings and revenues for the first quarter of 2016. This led to solid volume too with far more shares changing hands than in a normal session. Yesterday’s rally continues the recent uptrend for the company as the stock is now up 21.7% in the past one-month time frame.

The company has seen no estimate revisions over the past 30 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Globant currently has a Zacks Rank #3 (Hold).

A better-ranked stock in the Internet Software/Services industry is Ellie Mae, Inc. ELLI, which sports a Zacks Rank #1 (Strong Buy).

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GLOBANT SA (GLOB): Free Stock Analysis Report
 
ELLIE MAE INC (ELLI): Free Stock Analysis Report
 
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