NEW YORK, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Globant S.A. (NYSE: GLOB) shareholders were hit with steep losses after the Company reported Q2 2026 revenue of approximately $614.4 million -- essentially flat year over year -- and cut its full-year 2026 revenue outlook from expected growth to a slight year-over-year decline. If you suffered a loss on your Globant investment, you are encouraged to click here to submit your information. You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
The guidance reduction reset expectations that had been in place for months. On February 26, 2026, Globant estimated fiscal year 2026 revenues of $2,460 million to $2,510 million, implying 0.2% to 2.2% year-over-year growth. On May 14, 2026, the Company raised the low end of that range and reaffirmed the midpoint at $2,462 million to $2,508 million. Roughly three months later, the full-year outlook was cut to a slight decline.
Analyst downgrades and price-target cuts followed the release, with several citing weaker near-term growth and pressure on the legacy time-and-materials business. The investigation concerns, among other things, whether Globant may not have adequately disclosed the demand conditions underlying its 2026 revenue outlook.
Shareholders who lost money on GLOB are encouraged to have their losses reviewed at no cost. You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
ABOUT LEVI & KORSINSKY, LLP -- Over the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders. The firm has extensive expertise in complex securities litigation and a team of over 70 employees. For seven consecutive years, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report.
Frequently Asked Questions About the GLOB Investigation
Q: Who is conducting the GLOB investigation? A: Levi & Korsinsky, LLP is investigating potential securities fraud claims on behalf of investors who purchased GLOB securities. The firm is nationally recognized, ranked in the ISS Top 50 for seven consecutive years, and has recovered hundreds of millions of dollars for aggrieved investors.
Q: Who is eligible to participate in the GLOB investigation? A: Investors who purchased GLOB stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether Globant made materially false or misleading statements regarding its fiscal 2026 revenue outlook and demand conditions. When the Company reported roughly flat Q2 2026 revenue and cut full-year guidance to a slight decline, the stock price declined sharply.
Q: What do GLOB investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.
Q: What documents do I need to participate? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I already sold my GLOB shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought GLOB and sold at a loss may still participate in the investigation.
Q: What if my GLOB losses are small -- is it still worth contacting a lawyer? A: Yes. There is no minimum loss amount required to participate in the investigation.
Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
Q: What if I live outside the United States? A: U.S. securities fraud investigations generally cover purchases on U.S. exchanges regardless of the investor's country of residence.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
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