|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||161.30 - 165.40|
|52-week range||139.13 - 182.79|
|PE ratio (TTM)||13.54|
|Earnings date||16 Apr 2018 - 20 Apr 2018|
|Forward dividend & yield||6.00 (3.66%)|
|1y target est||168.45|
International Business Machines Corp. will be challenged in the short term to stabilize its margins as it shifts to software and services and meet its somewhat disappointing outlook amid a higher tax rate ...
IBM Corp. achieved its first quarter of revenue growth in five years thanks mostly to a huge boon in its system business and the new mainframe.
Few have been a more harsh critic of International Business Machines (IBM) than Toni Sacconaghi of Bernstein, and today he continues that critique, following IBM’s results, declaring “the shell game continues." IBM yesterday afternoon beat Q4 revenue and profit expectations, and declared it has returned to growth in revenue after nearly six years of declines. Bulls today were re-affirmed in their view IBM is turning a corner, but Sacconaghi appears to have been unsatisfied by Kavanaugh’s response last night. “The tax rate shell game persists,” declares Sacconaghi in a note to clients today.
IBM's fourth-quarter results will broadly underwhelm some investors, given steady revenue headwinds and margin declines,
Stocks that moved substantially or traded heavily Friday: Amazon.com Inc., up $1.26 to $1,294.58 The online retailer said it will raise the price of a monthly Prime membership to $12.99 from $10.99. IBM ...
International Business Machines (IBM) was the worst performer in the S&P 500 today, following its fourth-quarter earnings report. IBM lost $6.74, or 4%, to $162.38 while the S&P 500 rose 12.27 points, or 0.44%, to 2810.30. IBM's quarter was better than expected, but that didn't stop the stock from slumping and analysts are debating the bull and bear cases for the shares.
The bulls today are focusing on the company’s first quarterly revenue increase in nearly six years, dismissing issues of margins as merely some “work to do,” as Morgan Stanley’s Katy Huberty put it. Bears are fixated on the quality of earnings, with various puts and takes following tax reform seeming to muddy the outlook. Katy Huberty, Morgan Stanley: Reiterates an Overweight rating, and raises her price target to $198 from $192.
Stocks took a bit of a hit on Thursday, but looked prepared to start Friday on a high note, brushing off worries of a partial government shutdown. American Express (AXP) is down 3.8% after its mixed earnings report and guidance, and after announcing it will end its buyback program. International Business Machines (IBM) is down 2.7% despite its earnings and revenues coming in ahead of expectations.
IBM Q4 revenues up year over over, driven by better-than-expected growth in Strategic Imperatives (cloud, analytics, mobility and security).
Illinois Tool Works, Aegean Marine Petroleum Network and International Business Machines highlighted as Zacks Bull and Bear of the Day
Cryptocurrencies have witnessed another down day with only a handful of them rising. The big brother of digital currencies, Bitcoin, has fallen 16.7% in the last day, trading at $10,116 as of 7:00 AM EST on January 17, 2018. The Ark Web x.0 ETF (ARKW), which is known to track the price of cryptocurrencies, was trading at $49.20 on January 16, 2018.
Following better-than-expected results this afternoon from International Business Machines (IBM), in which newly installed CFO James Kavanaugh, triumphantly declared “we’ve returned to growth,” he and former finance chief, Martin Schroeter, now running the company’s “global markets” business, both held a conference call with analysts to discuss the results and outlook. One key area of focus was profit margin, which were not to everyone’s satisfaction. Schroeter and Kavanaugh said the company continued to invest in the newer parts of its business, and that its profit margin for so-called software as a service, one area of cloud computing, “is still not at scale.” As some parts of the business continue to move to cloud, such as IBM’s “Cognitive Solutions,” said Schroeter, the shift from a traditional license business model to the subscription model of cloud dampens immediate results.
NEW YORK (AP) — IBM reported its first quarter of revenue growth in more than five years as the company ramps up its cloud computing business and looks for new opportunities from its investments in artificial intelligence.