117.29 +1.19 (1.02%)
Pre-Market: 6:20AM EST
|Bid||116.84 x 900|
|Ask||117.53 x 800|
|Day's Range||115.07 - 119.78|
|52 Week Range||114.09 - 171.13|
|Beta (3Y Monthly)||1.87|
|PE Ratio (TTM)||18.71|
|Forward Dividend & Yield||6.28 (5.24%)|
|1y Target Est||N/A|
RBC Capital has lowered its stock price target for IBM to $167, as StreetInsider reported. Although the price target of $167 still indicates an “outperform” rating for IBM, the lower price indicates a subdued outlook.
The character of this stock market is changing. At The Arora Report we advocate diversification by strategies. To date, 144 of our portfolio companies have been purchased or significantly benefited from mergers and acquisitions.
Enterprise open-source software leader Red Hat (NYSE:RHT) is set to report third-quarter numbers after the bell on Monday, December 17. Given positive demand trends in the open-source industry and recent strong earnings reports from peer cloud players, Red Hat should report strong, above-consensus numbers after the bell. Earlier this year, legacy technology giant IBM (NYSE:IBM) announced that they were going to acquire Red Hat for $190 per share.
The cloud services market is heating up. This market grew at a rate of 45% in the last quarter on a year-over-year basis, according to Synergy Research Group. The report mentioned that Amazon (AMZN) managed to maintain its share in this market at around 34%.
There is nothing seriously wrong at Adobe Systems (NASDAQ:ADBE). Despite reporting “record quarterly and annual revenue,” ADBE stock plunged. Shares of Adobe are now down roughly 6% at about $243 per share. The “problem” was that while $1.87 per share of earnings looked great on paper, analysts had been expecting a penny more. For the year, Adobe earnings came in six cents short of estimates for $6.82 per share, reporting per-share earnings of $6.76.
If you're putting hours and hours into your fantasy football draft, the waiver wire and matchup prep, you could be using the same set of skills to invest in the stock market.
Jim Cramer shares his outlook on the stock of big-box retailer Walmart in a lightning-fast question-and-answer session with callers.
Amazon (AMZN) stock has fallen over 16% in the last three months as part of the larger market pullback driven by the likes of Apple (AAPL) and other giants. The company's days of 40% top-line growth might also be over. But let's dive into Amazon's overall business picture and outlook to see if investors should buy AMZN stock heading into 2019.
Amazon Web Services argued it should be added as a defendant in Oracle's JEDI lawsuit because of its “direct and substantial economic interests at stake."
The lawsuit is the latest protest by Redwood City-based Oracle over the Joint Enterprise Defense Infrastructure, or JEDI, contract, for which Amazon.com's Amazon Web Services is largely seen to be the frontrunner.
Red Hat's (RHT) third-quarter fiscal 2019 earnings are likely to benefit from robust traction of OpenShift and Ansible, and strong cross-selling, driven by an expanding partner base.
IBM’s pursuit of Red Hat came down to the wire, as a proxy statement filed this week shows three other suitors were in discussions with the Raleigh company – just days before the deal press release went out.
Earlier this year I wrote on Warren Buffett (Trades, Portfolio)'s IBM (IBM) expedition. Warning! GuruFocus has detected 3 Warning Sign with BRK.A. Click here to check it out. How much did Buffett lose?
Dell Technologies to start trading from Dec 28, after more than 61% shareholders approved its plan to buy back the VMware (VMW) tracking stock.
Oracle (ORCL) knows that it is way behind in the cloud services market and it needs to do something dramatic to address this issue. According to Synergy Research Group, Amazon (AMZN), Microsoft (MSFT), IBM (IBM), Google (GOOG), and Alibaba (BABA) are the top five players in the cloud services market as of Q3 2018.