Globant S.A. (GLOB) Shareholders Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
Globant S.A. (GLOB) Shareholders Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Globant S.A. (“Globant” or the “Company”) (NYSE: GLOB) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN GLOBANT S.A. (GLOB), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On February 20, 2025, Globant released its fourth quarter 2024 financial results, missing guidance and reporting a 1.3% decrease in Latin American revenue, stating that the “situation” in Latin America was “a little bit rocky . . . because of the political turmoil and different things that happened in Brazil and in Colombia, mainly.”
On this news, Globant’s stock price fell $58.45, or 27.8%, to close at $151.72 per share on February 21, 2025, thereby injuring investors.
Then, on May 15, 2025, Globant released its first quarter 2025 financial results, announcing lower than expected growth in Latin America, citing “a challenging macroeconomic and geopolitical context” affecting the “spending patterns among some of [Globant’s] largest customers,” particularly in Latin America. Globant also disclosed that its Latin American revenue declined 9% year-over-year, “with notable contractions in Mexico and Brazil.”
On this news, Globant’s stock price fell $31.37, or 23.6%, to close at $101.47 per share on May 16, 2025.
Then, on August 14, 2025, Globant announced that it had reduced its headcount by about 1,000 employees and taken a $47.6 million restructuring charge.
On this news, Globant’s stock price fell $11.66, or 14.9%, to close at $66.46 per share on August 15, 2025, thereby injuring investors further.
Contact Us To Participate or Learn More:
If you purchased Globant securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com