IBM - International Business Machines Corporation

NYSE - NYSE Delayed Price. Currency in USD
140.56
-2.31 (-1.62%)
At close: 4:00PM EST
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Previous Close142.87
Open143.39
Bid140.40 x 800
Ask140.60 x 1000
Day's Range140.46 - 143.92
52 Week Range126.85 - 152.95
Volume5,141,219
Avg. Volume3,722,275
Market Cap124.485B
Beta (5Y Monthly)N/A
PE Ratio (TTM)13.30
EPS (TTM)N/A
Earnings DateApr 13, 2020 - Apr 19, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est149.11
  • Barrons.com

    The Super Bowl Is the Biggest Moment for Ad Agencies. Investors Should Still Run Away From Their Stocks.

    This year—with a U.S. presidential election and a Summer Olympics—should be a good one for advertising. Still, companies like Interpublic and Omnicom need to show stronger results.

  • Is IBM (IBM) a Great Value Stock Right Now?
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    Is IBM (IBM) a Great Value Stock Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • The Zacks Analyst Blog Highlights: Chevron, Netflix, NextEra, IBM and HCA
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    The Zacks Analyst Blog Highlights: Chevron, Netflix, NextEra, IBM and HCA

    The Zacks Analyst Blog Highlights: Chevron, Netflix, NextEra, IBM and HCA

  • 3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income - January 24, 2020
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    3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income - January 24, 2020

    The traditional ways to plan for your retirement may mean income can no longer cover expenses post-employment. But what if there was another option that could provide a steady, reliable source of income in your nest egg years?

  • Tech CEOs in Davos Dodge Issues by Warning Audiences About AI
    Bloomberg

    Tech CEOs in Davos Dodge Issues by Warning Audiences About AI

    (Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.Technology’s most influential leaders have a new message: It’s not us you need to worry about -- it’s artificial intelligence.Two years ago big tech embarked on a repentance tour to Davos in response to criticism about the companies’ role in issues such as election interference by Russia-backed groups; spreading misinformation; the distribution of extremist content; antitrust violations; and tax avoidance. Uber Technologies Inc.’s new chief even asked to be regulated.These problems haven’t gone away -- last year tech’s issues were overshadowed by the world’s --- but this time executives warned audiences that AI that must be regulated, rather than the companies themselves.“AI is one of the most profound things we’re working on as humanity. It’s more profound than fire or electricity,” Alphabet Inc. Chief Executive Officer Sundar Pichai said in an interview at the World Economic Forum in Switzerland on Wednesday. Comparing it to international discussions on climate change, he said, “You can’t get safety by having one country or a set of countries working on it. You need a global framework.”The call for standardized rules on AI was echoed by Microsoft Corp. CEO Satya Nadella and IBM CEO Ginni Rometty.“I think the U.S. and China and the EU having a set of principles that governs what this technology can mean in our societies and the world at large is more in need than it was over the last 30 years,” Nadella said.It’s an easy argument to make. Letting companies dictate their own ethics around AI has led to employee protests. Google notably decided to withdraw from Project Maven, a secret government program that used the technology to analyze images from military drones, in 2018 after a backlash. Researchers agree.“We should not put companies in a position of having to decide between ethical principles and bottom line,” said Stefan Heumann, co-director of think tank Stiftung Neue Verantwortung in Berlin. “Instead our political institutions need to set and enforce the rules regarding AI.”The current wave of AI angst is also timely. In a few weeks the EU is set to unveil its plans to legislate the technology, which could include new legally binding requirements for AI developers in “high-risk sectors,” such as health care and transport, according to an early draft obtained by Bloomberg. The new rules could require companies to be transparent about how they build their systems.Warning the business elite about the dangers of AI has meant little time has been spent at Davos on recurring problems, notably a series of revelations about how much privacy users are sacrificing to use tech products. Amazon.com Inc. workers were found to be listening in to people’s conversations via their Alexa digital assistants, Bloomberg reported last year, leading EU regulators to look at more ways to police the technology. In July, Facebook Inc. agreed to pay U.S. regulators $5 billion to resolve the Cambridge Analytica data scandal. And in September Google’s YouTube settled claims that it violated U.S. rules, which ban data collection on children under 13.Read more: Thousands of Amazon Workers Are Listening to What You Tell AlexaPrivacy DebateInstead of apologies over privacy violations, big tech focused on how far it has come in the past few years in terms of looking after personal data.Facebook Vice President Nicola Mendelsohn said in an interview with Bloomberg Television on Friday that the company has rolled out standards similar to Europe’s General Data Protection Regulation in other markets.“Let’s be very clear, we already have regulation, GDPR,” Mendelsohn said in response to a question about the conversations Facebook is having with regulators. “We didn’t just do it in Europe where it was actually regulated. We thought it was a very considered and useful way of thinking about things so we actually rolled a lot of that out around the world as well.”Keith Enright, Google’s chief privacy officer, also spoke at a separate conference in Brussels this week about how the company is working to find ways to minimize the amount of customer data it needs to collect.“We’re right now really focused on doing more with less data,” Enright said at a data-protection conference on Wednesday. “This is counter-intuitive to a lot of people, because the popular narrative is that companies like ours are trying to amass as much data as possible.”Holding on to data that isn’t delivering value for users is “a risk,” he said.But regulators are still devising on new laws to protect user data. The U.S. is working on federal legislation that calls for limits on sharing customer information and, similar to GDPR, require companies get consent from consumers before sharing data with third parties. Facebook, Amazon, Apple Inc. and Microsoft all increased the amount they spent on lobbying in Washington last year, with some of those funds going to pushing industry-friendly privacy bills.And even though tech executives called for AI rules, they still cautioned against regulating too much, too fast. Pichai reminded lawmakers that existing rules may already apply in many cases. Lawmakers “don’t need to start from scratch” he said.\--With assistance from Nate Lanxon and Stephanie Bodoni.To contact the reporters on this story: Amy Thomson in London at athomson6@bloomberg.net;Natalia Drozdiak in Brussels at ndrozdiak1@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Jillian WardFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Thomson Reuters StreetEvents

    Edited Transcript of IBM earnings conference call or presentation 21-Jan-20 10:00pm GMT

    Q4 2019 International Business Machines Corp Earnings Call

  • Barrons.com

    IBM Stock Rose More in 1 Day Than in the Last 10 Years. It’s Time For A Shake-Up.

    For the year to date, IBM shares have rallied a solid 7.4%. Steve Milunovich, tech strategist at Wolfe Research, took a look at IBM shares (ticker: IBM) in a research note Wednesday morning and advised investors to put the fourth-quarter performance into perspective. Seven years later, Microsoft’s valuation is 10 times higher than IBM’s.

  • Old Electric Car Batteries May Help Cut Costs of Storing Power
    Bloomberg

    Old Electric Car Batteries May Help Cut Costs of Storing Power

    (Bloomberg) -- As major players jostle for market share in large-scale power storage, American Electric Power and Nissan Motor Co. are testing new technology that re-uses old electric vehicle batteries to slash costs.The pilot study in Ohio will road test technology that could lower system costs by about a half and extend the life of lithium-ion batteries by about a third, according to its Australian developer.Costs of energy storage systems are falling globally on technology improvements, larger manufacturing volumes, increased competition between suppliers and as the sector adds more expertise, BloombergNEF said in an October report. That’s driving an expansion in investment in projects to store power, with as much as $5 billion worth of deals possible this year for systems paired with renewable energy, according to the forecaster.American Electric’s Ohio study is using expired Nissan Leaf car batteries and is intended to test the innovations at scale after laboratory work in Australia and Japan.Results so far appear promising, Ram Sastry, American Electric’s vice president, innovation and technology, said by phone. “It’s in a facility that we own, but connected to the real grid.” he said.The technology is developed by Melbourne-based Relectrify and uses old, or second-life, vehicle batteries and reduces the number of components needed, the company said Friday in a statement. That can reduce costs for key parts of typical industrial or grid storage systems to about $150 per kilowatt hour, it said.That compares with a current average price for similar technology using new batteries of $289 a kilowatt hour, according to the BloombergNEF 2019 Energy Storage System Costs Survey.Companies like BMW AG and Toyota Motor Corp. are already putting re-used cells to work in applications including renewable energy storage, electric vehicle charging, and to power street lights and homes. About three-quarters of vehicle batteries are eventually likely to be reused, according to London-based researcher Circular Energy Storage.Cheaper energy storage with batteries could provide an alternative to adding more capacity at electricity substations, or building more transformers. It could also be harnessed to provide backup power and bolster reliability for consumers, according to American Electric’s Sastry.“There are many use cases that we have for batteries that are predicated on the cost,” he said. “If the battery goes lower in cost, it can compete with the wires.”Yet even as the price of lithium-ion battery cells has fallen, it’s been difficult to reduce costs of components such inverters. “The inverter is the Achilles heel of energy storage,” said Bradley Smith, president of Covington, Louisiana-based Beauvoir Consulting Services and previously an executive developing second-life battery products at Nissan.Relectrify’s system reduces the need for separate electronics for both the inverter and battery management system, lowering costs, Smith said.The technology can also extend the lifespan of either reused or new batteries by offering more precise management of individual cells, according to Valentin Muenzel, CEO of Relectrify, a 14-person firm launched in 2015 that’s collaborated with companies including Volkswagen AG and International Business Machines Corp.Some potential end users remain wary of re-using lithium-ion batteries over concerns about their longevity and costs of re-purposing cells, according to BNEF’s head of clean power Logan Goldie-Scot.“Many customers are not yet comfortable with second-life batteries even at a steep discount,” he said. Tesla Inc. has in the past suggested it will favor recycling spent packs from vehicles to recover raw materials, rather than seek to re-use the cells first.Relectrify, which is holding talks with battery manufacturers and distributors, sees potential to eventually help improve performance of batteries for the auto sector, in addition to energy storage.“We see stationary storage as the low hanging fruit,” Muenzel said. “We’re already getting demand for use in some mobility applications and we expect that is an area that will continue to grow with time.”To contact the reporter on this story: David Stringer in Melbourne at dstringer3@bloomberg.netTo contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Q4 Earnings Scorecard and Research Reports on Netflix, Chevron & Others
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  • Stock Market News for Jan 23, 2020
    Zacks

    Stock Market News for Jan 23, 2020

    IBM's upbeat quarterly earnings results helped the tech-laden Nasdaq as well as the broader S&P 500 end in the green.

  • Barrons.com

    4 Tech Stocks With Big Dividends for When Things Go Bad

    IBM, Cisco, Broadcom, and Hewlett Packard Enterprise are four reasonably valued tech stocks with solid yields that should offer some downside protection in the event of a sector downturn

  • GuruFocus.com

    US Indexes End Mostly Flat Wednesday

    S&P; 500 up 0.03% Continue reading...

  • Benzinga

    Texas Instruments And Procter & Gamble Results Front And Center, But So Is Asian Virus

    Fears around the coronavirus grew stronger as the number of cases rose and China shut down travel from a city of 11 million people. Asian markets got hit pretty good last night, with the market in Shanghai down nearly 3%. Now some of that negativity appears to be crossing the Pacific, judging from weakness in pre-market trading here in the U.S.

  • The one value strategy that wasn’t a disaster  now favors commodity sector over techs
    MarketWatch

    The one value strategy that wasn’t a disaster now favors commodity sector over techs

    There was one value strategy that wasn’t a disaster in 2019, and it now likes commodity producers over techs.

  • Yara and IBM launch an open collaboration for farm and field data to advance sustainable food production
    PR Newswire

    Yara and IBM launch an open collaboration for farm and field data to advance sustainable food production

    Yara International (OSE: YAR), a global leader in crop nutrition and digital farming solutions, and IBM (NYSE: IBM), invite farmer associations, industry players, academia and NGOs from the food and agriculture industry to join a movement to develop an open data exchange that facilitates collaboration around farm and field data, with the aim of improving the efficiency, transparency and sustainability of global food production.

  • Davos Panel Hosted By IBM CEO Ginni Rometty Explores Precision Regulation Of AI & Emerging Technology
    PR Newswire

    Davos Panel Hosted By IBM CEO Ginni Rometty Explores Precision Regulation Of AI & Emerging Technology

    Today at the World Economic Forum in Davos, IBM (NYSE: IBM) launched the IBM Policy Lab - a new global forum aimed at advancing bold, actionable policy recommendations for technology's toughest challenges - at an event hosted by IBM Chairman, President and Chief Executive Officer Ginni Rometty that explored the intersection of regulation and trust in emerging technology.

  • Barrons.com

    The Dow Rose 10 Points Because a Virus and Housing Data Left Stocks Flat

    The main U.S. stock indexes closed near the break-even line on Wednesday, after an early rally faded. Worries over a Chinese virus and positive U.S. housing-market data seems to have offset each other.

  • Stocks - S&P Pares Gains as China's New Virus Spreads
    Investing.com

    Stocks - S&P Pares Gains as China's New Virus Spreads

    Investing.com – The S&P; closed about flat Wednesday as news of more deaths from the deadly flu-like virus that originated in China soured investor sentiment, but losses were kept in check by ongoing momentum in tech.

  • Barrons.com

    VMWare Acquired Another Company. Here’s Why.

    VMWare announced plans to fold Palo Alto-based firm Nyansa into its expansive network and security portfolio for an undisclosed sum.

  • Reuters

    US STOCKS-Tech sector pushes the S&P 500 to slight gain

    Technology shares led the S&P 500 marginally higher on Wednesday, as a healthy forecast from IBM helped mitigate worries over the developing coronavirus outbreak. The S&P 500 and the Nasdaq closed barely in the black after approaching, then backing down from record highs the day after virus fears prompted a sell-off. The Dow closed nominally lower.

  • Dow Jones Today: Stocks Still Rise Despite Mixed Bag With Earnings
    InvestorPlace

    Dow Jones Today: Stocks Still Rise Despite Mixed Bag With Earnings

    With more marquee companies, including some members of the Dow Jones Industrial Average, stepping into the earnings confessional over the last 24 hours, there were ample headlines to move stocks Wednesday. While there was action to be had, gains for broader benchmarks were small.Source: Provided by Finviz * The S&P 500 rose 0.02% * The Dow Jones finished lower by 0.03% * The Nasdaq Composite gained 0.14% * Thanks to a surprisingly strong fourth-quarter earnings report, IBM (NYSE:IBM) was a Dow Jones leader today, gaining 3.3%.Industrial stocks were an obvious spot of weakness for the Dow Jones with each of the index's members from that sector trading lower today. Once again, Boeing (NYSE:BA) was an offender, shedding 1.58%, even after CEO David Calhoun said the company plans to continue paying its dividend "unless something dramatic changes."On the other hand, that doesn't mean the payout will be increased as the company struggles with the 737 Max issue. Caterpillar (NYSE:CAT) was another industrial offender, dropping almost 2% on light news flow. That company reports earnings on Jan. 31.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy as the 2020 Presidential Election Approaches Overall, 18 of 30 Dow stocks were higher in late trading. Hooray For IBMIBM, a company with a history of earnings disappointments and subsequent poor reactions by the stock, bucked that ominous trend today. Big Blue said it earned $4.71 per share on revenue of $21.80 billion in the fourth quarter, beating estimates calling for earnings of $4.68 cents and revenue of $21.64 billion."We ended 2019 on a strong note, returning to overall revenue growth in the quarter, led by accelerated cloud performance," said IBM CEO Ginni Rometty in a statement. "Looking ahead, this positions us for sustained revenue growth in 2020 as we continue to help our clients shift their mission-critical workloads to the hybrid cloud and scale their efforts to become a cognitive enterprise."Some analysts were mostly encouraged by IBM's results."Consulting revenue saw a lift of 4% year-over-year growth in the quarter, but that did not overcompensate for global business services', or GBS', roughly flattish revenue growth in the quarter, which is suffering weak demand for business process outsourcing," said Morningstar in a note out earlier today. "We're encouraged that the consulting business is not suffering instead, as consulting is a much higher-margin business, and we consider it to be a driver of other IBM offerings. Moreover, we expect business process outsourcing revenue to decline throughout the IT services industry." Small Earnings DisappointmentJohnson & Johnson (NYSE:JNJ) traded slightly lower Wednesday after the company said it earned $1.88 a share on sales of $20.74 billion in the fourth quarter compared with Wall Street estimates of $1.87 per share on revenue of $20.80 billion.The devil in the details was $264 million in legal expenses, but that's well below the $1.29 billion JNJ allocated to the same purpose in the year earlier period.In better news, JNJ's "pharmaceutical business posted revenue of $10.54 billion, a 3.5% increase year over year. The company's consumer unit, which makes beauty products such as Neutrogena, generated $3.5 billion in revenue, up 0.9% from a year earlier," reports CNBC. Pre-Earnings PopsIn advance of its Thursday after-the-close earnings report, Intel (NASDAQ:INTC) surged again today, tussling with IBM for top honors in the Dow. Cascend Securities reiterated a "buy" rating on Intel, this time lifting its price target on the stock to $75 from $65. * 7 Healthcare Stocks With 100% Street Support Consumer staples giant Procter & Gamble (NYSE:PG) reports before the bell tomorrow and traded slightly higher today in advanced of that announcement. Bottom Line on the Dow Jones TodayIn aggregate, the Wednesday performances of the Dow, Nasdaq and S&P 500 were by no means impressive, but the aforementioned IBM report could be something to build on, particularly if Intel, a better gauge of risk appetite, meets and beats tomorrow.While most prognosticators are expecting modest upside for stocks this year, Credit Suisse's Jonathan Golub on Tuesday boosted his year end S&P 500 target to 3,600 from 3,425.As of this writing, Todd Shriber did not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy as the 2020 Presidential Election Approaches * 5 Dividend Stocks With Low Payout Ratios and High Yields * 4 Post-Holiday Retail Stocks Still Worth a Look The post Dow Jones Today: Stocks Still Rise Despite Mixed Bag With Earnings appeared first on InvestorPlace.

  • 3 High-Yield Tech Stocks for Dividend Investors to Buy Right Now
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    3 High-Yield Tech Stocks for Dividend Investors to Buy Right Now

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  • IBM stock ticks higher as analysts debate merits of Red Hat on Big Blue’s future
    MarketWatch

    IBM stock ticks higher as analysts debate merits of Red Hat on Big Blue’s future

    International Business Machines Corp.’s 2020 fortunes may hang on how well Red Hat keeps contributing to the company’s growing cloud business as Big Blue tries to rely less on its legacy products.

  • US STOCKS-S&P 500, Nasdaq on track for record closing highs
    Reuters

    US STOCKS-S&P 500, Nasdaq on track for record closing highs

    Tech shares led all three major U.S. stock averages into the black, with the S&P 500 and the Nasdaq setting a course to notch new record closing highs, the day after virus fears prompted a sell-off. Streaming pioneer Neftlix Inc acknowledged stiffer competition in the United States, where quarterly growth fell short of analyst estimates.

  • Barrons.com

    IBM’s Strong Earnings Has People Excited. But the Company Hasn’t Turned the Corner Yet.

    (IBM)(ticker: IBM) shareholders are hoping the return to sales growth in its December quarter signals the start of a new revival for the company. The growth was bolstered by Red Hat, the software company IBM acquired in July 2019. Yesterday, IBM Chief Financial Officer James Kavanaugh said in a phone interview that the company is “very pleased” with Red Hat’s performance during the quarter, citing the synergy between the software acquisition and IBM’s cloud offerings.