|Bid||133.15 x 900|
|Ask||133.24 x 800|
|Day's range||131.83 - 133.61|
|52-week range||112.93 - 146.12|
|Beta (5Y monthly)||1.13|
|PE ratio (TTM)||20.97|
|Earnings date||18 Apr 2022 - 22 Apr 2022|
|Forward dividend & yield||6.56 (4.89%)|
|Ex-dividend date||09 Nov 2021|
|1y target est||144.31|
Arvind Krishna, the former cloud chief who succeeded Ginni Rometty as IBM's CEO in April 2020, orchestrated the spin-off of Kyndryl (NYSE: KD), which contained its struggling managed infrastructure services unit, to streamline IBM's core business and focus on the expansion of its hybrid cloud and AI services. The bears dislike IBM for three reasons: Its cloud growth was unimpressive under Krishna, it faces tough competition in the hybrid and AI markets, and it's still juggling a lot of slower-growth businesses. Instead of disclosing its total cloud growth for 2021, it said its hybrid cloud revenue grew 20% (19% in constant currency terms) to $20.2 billion.
International Business Machines (NYSE: IBM) has spent the better part of a decade transforming itself into a cloud-computing and AI-focused company. IBM completed the spin-off of Kyndryl, its managed infrastructure-services business, in November, shedding around $19 billion of annual revenue in the process. Kyndryl is an IBM customer, and that relationship is producing revenue for IBM now that Kyndryl is its own company.
Gina Raimondo, U.S. Commerce Secretary, joins Yahoo Finance Live to discuss the effects of the chip shortage on the nation, the CHIPS Act, and a new study on semiconductor demand and supply.