|Bid||153.82 x 500|
|Ask||154.38 x 500|
|Day's Range||153.80 - 154.68|
|52 Week Range||142.50 - 182.79|
|PE Ratio (TTM)||12.67|
|Dividend & Yield||6.00 (3.89%)|
|1y Target Est||N/A|
Bernstein analyst Toni Sacconaghi today continues his assault on shares of IBM (IBM), posing the question of whether the company’s mainframe business can bolster its profit, and concluding that No, in fact, mainframes may be a source of weakness. "A key near-term debate among investors is whether the anticipated release of a new mainframe can help IBM achieve a back-end-loaded second half." The immediate answer, he writes, is a refresh of the mainframe may add up to 19 cents in earnings per share in the second half of this year, which is “not enough to get us comfortable with IBM’s fiscal 2017 EPS guidance." Mainframes are just 3% of total revenue, and 2% of profit, he notes, annually, but the whole “platform” of a mainframe, including storage, software, support contracts, and services that go with it, were nearly a quarter of IBM’s revenue last year, and 40% of profits.
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