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GLOB · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is GLOBANT S.A. (GLOB) stock moving?
No news items were published about Globant in the 14 days before Nov 10, 2026, so this view rests on one SEC filing and the price data. On Oct 29, 2026, the company filed a 6-K with Amendment No. 2 to its Fourth Amended and Restated Credit Agreement. The amendment refinances the existing term loans with $300M of new term loans, provides $550M of revolving commitments, and adds the parent company as an additional borrower, with the Spanish and Globant IT subsidiaries remaining guarantors. This is a routine refinancing that extends the funding structure, but the filing does not show a change in revenue, margins or guidance. Price action has been firmer. The stock closed at 43.68 on Oct 29 and reached 48.81 on Nov 10, a gain of about 12%. The biggest up day came on Oct 30 (+6.9% to 46.72 on 1.20M shares). Volume was heaviest on Nov 5 (2.54M shares, about twice the typical level), when the stock hit an intraday high of 50.19 but closed at 49.24 and then slipped to 47.41 over the next two sessions. The Nov 10 rebound to 48.81 came on lighter volume (707K), so it has not yet confirmed a breakout above 50. The 46-47 area has held on pullbacks, so near-term trading looks range-bound with an upward tilt, but evidence is thin.
About GLOBANT S.A.
Globant is a software development and digital transformation services company. It was founded in Argentina, has its legal base in Luxembourg, and employs about 28,500 people, mostly in Latin America. It stands out for its design-led engineering work, its subscription-based "AI Pods" and its Globant Enterprise AI platform (Glob.AI), as it moves toward delivering services built around AI.
How it makes money
Almost all of Globant's revenue comes from fees paid by large companies for custom software engineering, digital product design, cloud and data work, and AI consulting and implementation. Most of this is billed by time-and-materials or fixed-price contracts, and the company is adding subscription-style AI offerings. In Q2 2026, approximately 53% of revenue came from North America, 21% from Latin America, 21% from Europe and 5% from newer markets. The top ten clients made up about 31% of revenue. Full-year 2026 revenue was guided at roughly $2.5 billion, about flat compared with the prior year.
What usually moves GLOB
- Corporate IT and digital transformation budgets
- Whether AI adds to or replaces demand for traditional IT services
- Revenue growth guidance and the trend in large accounts
- Latin American currencies and wage inflation
- Spending by large clients that make up a big share of revenue