|Bid||134.00 x 800|
|Ask||134.15 x 900|
|Day's Range||132.25 - 134.49|
|52 Week Range||105.94 - 152.95|
|Beta (3Y Monthly)||1.56|
|PE Ratio (TTM)||13.84|
|Earnings Date||Oct 16, 2019|
|Forward Dividend & Yield||6.48 (4.56%)|
|1y Target Est||151.35|
IBM reported third quarter earnings after the bell yesterday that beat estimates, but missed on revenue. Futurum Research Principal Analyst Daniel Newman joins Yahoo Finance's Alexis Christoforous and Brian Sozzi to discuss.
Global Container Terminals Inc. (GCT) said it will take part in the TradeLens blockchain platform developed by Maersk and IBM (NYSE: IBM). TradeLens has said the platform allows shippers, ocean carriers, freight forwarders, port and terminal operators, inland transportation and customs authorities to interact more efficiently through real-time access to shipping data and shipping documents. TradeLens will facilitate "seamless data sharing, collaboration and improved trade flows" with ocean carriers, beneficial cargo owners and railways, GCT said in a statement, adding that 10 of its ocean carrier customers have committed to using the TradeLens platform.
DOW UPDATE Shares of Johnson & Johnson and American Express are posting losses Friday morning, dragging the Dow Jones Industrial Average into negative territory. Shares of Johnson & Johnson (JNJ) and American Express (AXP) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 70 points (0.
A week after Red Hat CFO Eric Shander unexpectedly left the company, little information on his departure has come out of Red Hat Tower other than the decision came down to “workplace standards.”
IBM stock dropped Thursday, following a quarterly earnings report that fell short of expectations as the computer giant continues a business transition that's caused a lengthy sales slowdown.
Signs of hope for a Brexit deal and U.S.-China trade war updates. Some disappointing U.S. manufacturing and retail data. Q3 earnings results from the likes of Netflix. And why Google parent Alphabet is a Zack Ranks 1 (Strong Buy) stock. - Free Lunch
For some unexplained reason, there was a relentless buyer in the issue on huge volume. To begin the regular session, the issue opened at the high for the day, $10.56, and has traded as low as $8.33. After the close Wednesday, Netflix Inc (NASDAQ: NFLX) delivered a solid third-quarter beat for EPS and sales.
IBM and Netflix reported better-than-expected earnings and sales that fell a bit short of Wall Street analysts’ forecasts. IBM stock is getting hammered, while Netflix is on the rise, a sign that investors prefer growth to cash flow.
One technology analyst says despite IBM's disappointing third quarter results, its long-term saving grace is its acquisition of Red Hat.
IBM (NYSE: IBM ) shares tumbled 6% on Thursday after the company missed consensus revenue expectations and reported its fifth consecutive quarter of negative sales growth. Third-quarter revenue was down ...
The three major U.S. stock market indexes were close to flat following a slide in IBM and mixed news about the economy.
The Dow Jones Industrial Average could blame International Business Machines Corp.'s stock for falling into negative territory Thursday, despite gains in the broader stock market amid bullish breadth data. The Dow, which was up as much as 110 points earlier in the session, but was now down 11 points, or less than 0.1%, in midday trading, although 18 of 30 components were trading higher. IBM's stock was the Dow's biggest lower, falling $8.93, or 6.3%, to shave about 61 points off the Dow's price, after the technology company reported third-quarter results late Wednesday. Meanwhile, the S&P 500 was up 0.2% and the Nasdaq Composite was up 0.3%. The number of advancing stocks outnumbered decliners 1,725 to 1,060 on the NYSE and 1,786 to 940 on the Nasdaq, while volume in advancing stock represented 57.1% of total volume on the Big Board and 63.3% of total volume on the Nasdaq.
The Dow has fallen 8.48 points. With IBM stock down 5.7% at $133.97, it is responsible for subtracting 52.04 points from the blue-chip benchmark.
Though the Red Hat acquisition will boost IBM's top line in the coming quarter, many of its existing businesses continue to see little or no revenue growth.
Even the bulls had trouble pointing to many positives in IBM’s legacy businesses as the tech giant reported revenue that fell short of expectations.
IBM’s third-quarter per-share earnings beat Wall Street estimates by a penny, but sales were $200 million below expectations.
DOW UPDATE Shares of IBM and Intel are posting losses Thursday morning, though the Dow Jones Industrial Average is trading essentially flat. The Dow (DJIA) was most recently trading 3 points, or 0.0%, lower, as shares of IBM (IBM) and Intel (INTC) are contributing -24% of the index's intraday losses.
Investors have something to cheer about this morning in addition to an encouraging start to earnings season. News that Britain and the European Union have struck a preliminary Brexit deal boosted market sentiment. While the deal faces opposition from key lawmakers representing Northern Ireland and still has to be approved by Britain’s parliament and other EU member states, the draft deal seems to have gone a long way toward soothing investors worried about the state of the global economy.