IBM - International Business Machines Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
143.46
+0.14 (+0.10%)
As of 3:05PM EDT. Market open.
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Previous Close143.32
Open143.17
Bid143.35 x 1100
Ask143.38 x 1000
Day's Range143.02 - 144.04
52 Week Range105.94 - 154.36
Volume2,301,712
Avg. Volume3,397,383
Market Cap127.198B
Beta (3Y Monthly)1.55
PE Ratio (TTM)15.10
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield6.48 (4.54%)
Ex-Dividend Date2019-05-09
1y Target EstN/A
Trade prices are not sourced from all markets
  • How RedHat will grow its Mass. workforce after closing the $34B deal with IBM
    American City Business Journals1 hour ago

    How RedHat will grow its Mass. workforce after closing the $34B deal with IBM

    With the IBM-Red Hat deal done, Red Hat is expected to continue to grow in Massachusetts as an independent company, according to a local executive for the open source data giant.

  • With Red Hat, IBM just won a billion dollar AT&T deal
    American City Business Journals1 hour ago

    With Red Hat, IBM just won a billion dollar AT&T deal

    Just days into Red Hat’s tenure as an IBM company, and the marriage is already paying off for Big Blue.

  • What Kind Of Shareholder Appears On The International Business Machines Corporation's (NYSE:IBM) Shareholder Register?
    Simply Wall St.4 hours ago

    What Kind Of Shareholder Appears On The International Business Machines Corporation's (NYSE:IBM) Shareholder Register?

    A look at the shareholders of International Business Machines Corporation (NYSE:IBM) can tell us which group is most...

  • A Look at IBM ETFs Ahead of Q2 Earnings
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  • IBM earnings: What’s the plan for Red Hat?
    MarketWatch8 hours ago

    IBM earnings: What’s the plan for Red Hat?

    International Business Machines Corp. has hailed its acquisition of Red Hat as a “game-changer,” but now it’s time for the tech giant to prove itself.

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  • Financial Times18 hours ago

    IBM lands AT&T contract worth ‘billions’

    The US tech company said on Tuesday that it had signed a multiyear contract with AT&T worth “billions of dollars” for a range of cloud and other technologies that included the Red Hat products, though it would not provide more precise details. Ginni Rometty, the IBM chief executive who has gambled on Red Hat reviving growth after years of contraction, claimed the contract was an early sign that the strategy was working. IBM bought the open source software company, best known for its support of the Linux operating system, to build out a software platform for customers to move their computing workloads between their own data centres and the cloud — known as hybrid cloud service — and to manage workloads spread between different cloud computing providers.

  • What Should Investors Expect from IBM's Q2 Earnings After Red Hat Deal?
    Zacksyesterday

    What Should Investors Expect from IBM's Q2 Earnings After Red Hat Deal?

    Shares of IBM (IBM) have easily outpaced the market in 2019 and the firm officially announced the completion of its $34 billion deal to buy Red Hat last week. With this in mind, let's see what investors should expect from the tech firm's Q2 2019 financial results...

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    Zacksyesterday

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  • Oracle (ORCL) Loses JEDI Lawsuit: Here's What You Should Know
    Zacksyesterday

    Oracle (ORCL) Loses JEDI Lawsuit: Here's What You Should Know

    Oracle (ORCL) fails to win the lawsuit challenging JEDI contract's policies and qualifying criteria. Oracle's opposition to JEDI is likely to weigh on its ongoing business with DoD.

  • Earnings Watch: Expect drama in second-quarter numbers as trade fears weigh
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    Earnings Watch: Expect drama in second-quarter numbers as trade fears weigh

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  • Oracle Loses Challenge to $10 Billion Pentagon Cloud Contract
    Bloomberg4 days ago

    Oracle Loses Challenge to $10 Billion Pentagon Cloud Contract

    (Bloomberg) -- Oracle Corp. lost its legal challenge to the Pentagon’s $10 billion cloud contract on Friday, clearing the way for the government to award the contract to Amazon.com Inc. or Microsoft Corp.Federal Claims Court Senior Judge Eric Bruggink dismissed the company’s argument that the contract violates federal procurement laws and is unfairly tainted by conflicts of interests. Bruggink said that because Oracle didn’t meet the criteria for the bid, it “cannot demonstrate prejudice as a result of other possible errors in the procurement process.”The decision is a major blow to Oracle, which risks losing a share of its federal defense business if the Pentagon awards the contract to another cloud company. The ruling eliminates a headache for the Pentagon, which has been fending off challenges to its winner-take-all strategy in the cloud contract for more than a year.“Oracle will likely be most threatened by this” decision, said Bloomberg Intelligence Analyst James Bach. “They stand to lose the most ground in the Defense market if the DOD decides JEDI is the end-all be-all.”Oracle looks forward to “working with the Department of Defense, the Intelligence Community, and other public sector agencies to deploy modern, secure hyperscale cloud solutions that meet their needs,” company spokeswoman Deborah Hellinger said in a statement. She didn’t comment on whether the company plans to appeal the decision.Elissa Smith, a Defense Department spokeswoman, said in a statement that the ruling “reaffirms the DOD’s position: the JEDI Cloud procurement process has been conducted as a fair, full and open competition, which the contracting officer and her team executed in compliance with the law.”Amazon Web Services, which was also a defendant in the case, said in a statement that the company “stands ready to support and serve what’s most important – the DoD’s mission of protecting the security of our country.”JEDI ProjectThe project, known as Joint Enterprise Defense Infrastructure cloud -- or JEDI, an acronym intended to evoke “Star Wars” imagery -- is intended to be the Defense Department’s general-purpose cloud for most of its systems and applications.The Pentagon is investing in commercial cloud services, in which computing power and storage are hosted in remote data centers, to consolidate its existing technology products, embrace artificial intelligence and machine learning, and enhance its technical capabilities on the battlefield.Vying for the contract became contentious as legacy tech companies such as Oracle and International Business Machines Corp. waged a fierce lobbying and legal campaign against the Pentagon’s decision to choose just one provider. Although they are long-time government contractors, those companies were late entrants to the cloud computing market and eyed market leader Amazon as a threat to their traditional revenue streams from the Defense Department.In April, the Pentagon eliminated Oracle and IBM from the competition, leaving Amazon and Microsoft as the final contenders. Dana Deasy, the Pentagon’s chief information officer, has said the Defense Department expects to make an award in August.Amazon Web Services was widely seen as the front-runner for the contest because it had already won a $600 million contract from the Central Intelligence Agency that helped it obtain much-needed security approvals. Microsoft is catching up to Amazon through its advancements in winning such clearances, as well as a recent cloud deal with the intelligence community and years of experience working with the Defense Department.Partial VindicationThe ruling is a partial vindication for Pentagon officials who have battled months of allegations that its procurement process was corrupt, including the circulation of a 33-page anti-Amazon dossier around Washington that suggested improper personal relationships had given Amazon an edge. The Defense Department has also faced pressure from lawmakers, who criticized the deal for lacking enough competition from industry.There are still potential hurdles for the Defense Department as it moves forward with the bid. Either Microsoft or Amazon could lodge a challenge of the contract with Government Accountability Office or in the Federal Claims Court if they were to lose. Oracle could also appeal the ruling in the Court of Appeals for the Federal Circuit.On Friday, Chris Lynch, the former director of the Defense Digital Service, which designed the project, praised his former team for their work on the project.“JEDI will immediately deliver much needed capabilities to the warfighter, deliver incredible capabilities that are built from the best tech, and it will change lives,” he tweeted. “Couldn’t be more proud.”Contested TermsOracle’s lawsuit, which was filed in December, alleged that the Pentagon’s minimum requirements for the contract as well as its decision to pick just one winner violated federal procurement laws designed to ensure competition. The government has said choosing one winner would reduce security risks and better enable it to consolidate its technology products.The suit also claimed that the procurement has been marred by conflicts of interest, including ties between former Defense Department officials and Amazon. At least two of the former employees were offered jobs at the company while working on the contract, according to the lawsuit.The Pentagon determined in its internal review that the relationships had no adverse impact on the integrity of the acquisition process but said the department’s inspector general was looking into potential unethical conduct. Bruggink said in his ruling that the Defense Department’s determination on the allegations was not “arbitrary, capricious, an abuse of discretion, or otherwise not in accordance with law.”(Updates with Pentagon comment in sixth paragraph.)\--With assistance from Nico Grant.To contact the reporter on this story: Naomi Nix in Washington at nnix1@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Larry LiebertFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • IBM Stock Looks More Dangerous Than It Appears Ahead of Earnings
    InvestorPlace4 days ago

    IBM Stock Looks More Dangerous Than It Appears Ahead of Earnings

    International Business Machines (NYSE:IBM) reports its second-quarter earnings on July 17 after the bell. This will be the company's first earnings report since completing the purchase of Red Hat. For this reason, many investors may look for clues as to whether this acquisition can help resume growth and reverse the revenue declines that have led to an overall decrease in IBM stock over the last few years.Source: Shutterstock Although earnings reports tend to tell what happened in the past, investors need to go into this report focused on the future. Watch Revenues, GuidanceConsensus IBM earnings estimates for the quarter stand at $3.07 per share. If this number holds, it will come in one penny per share less than the second quarter of 2018, when the company earned $3.08 per share. They also forecast revenues of $19.16 billion, 4.2% less than the $20 billion earned in the same quarter last year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAlthough the Armonk, New York-based IT giant usually beats earnings estimates, the company fell short on revenue in the first quarter. Revenue growth has become an ongoing challenge as none of its divisions registered revenue growth in the previous report. Hence, analysts will probably watch this report carefully on revenue guidance.With revenue disappointing, earnings growth also becomes a struggle. IBM may avoid a drop in profits. However, analysts only forecast an earnings increase of 0.7% for the year. * 10 Stocks Driving the Market to All-Time Highs (And Why) IBM's Position in the Market Remains UncertainThis makes the forward price-to-earnings (P/E) ratio of around ten much less appealing. Also, its annual dividend yields almost 4.6% and has increased for 19 consecutive years. However, with the payout ratio now at over 66%, one has to wonder how long the dividend increases can continue for IBM stock if its negligible profit growth does not improve.Also, the company recently completed its acquisition of Red Hat. However, only time will tell whether that will help make the venerable IT giant successful in today's tech world. IBM has existed since 1911. It also managed to remain relevant long after its original technology became obsolete.However, the likes of Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Facebook (NASDAQ:FB) and Microsoft (NASDAQ:MSFT) have now passed the company by to a significant degree. With this challenge, one has to wonder whether IBM can successfully reinvent itself again. IBM Stock Is 'Speculative'This makes IBM stock something you would not normally associate with a large, profitable company -- speculative. It is a different kind of speculative than a penny stock hoping to make it back. In this case, IBM bulls hope the company can do well enough to maintain itself and its annual dividend increases.If Red Hat integration and other initiatives can resume significant growth rates for the company, IBM stock is very cheap at these levels. However, if anemic growth forces the company to end its 19-year streak of dividend increases, stockholders will probably face years of pain. The Bottom Line on IBMGoing into earnings, IBM stock investors need to watch guidance. Given its history, I think IBM will beat earnings. However, revenue declines and a high dividend payout ratio should cause concern.Hopefully for IBM stock bulls, revenue guidance will offer some hope, both for the integration of Red Hat into the company and for the resumption of revenue growth.To be sure, the low price-to-earnings ratio and the high dividend yield in a company with a history of payout increases could attract bargain hunters. However, these supposed benefits hide serious dangers. If the company fails to reverse revenue declines, a cut in payouts remains a real possibility.Hence, I think investors should avoid this stock going into earnings. Moreover, unless and until revenue looks poised to improve, I would treat IBM as speculative.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post IBM Stock Looks More Dangerous Than It Appears Ahead of Earnings appeared first on InvestorPlace.

  • Will IBM's Deal Wins & Cloud Offerings Aid Q2 Earnings?
    Zacks4 days ago

    Will IBM's Deal Wins & Cloud Offerings Aid Q2 Earnings?

    IBM is likely to benefit from significant investments in Strategic Imperatives in the to-be-reported quarter.

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  • Tropical Storm Races Toward Louisiana, Curbing Oil Output
    Bloomberg4 days ago

    Tropical Storm Races Toward Louisiana, Curbing Oil Output

    (Bloomberg) -- Tropical Storm Barry is barreling toward Louisiana and could hit the coastline as a hurricane by Saturday, causing close to $1 billion in damage and worsening flooding in New Orleans.The system, which was about 90 miles (145 kilometers) south of the Mississippi River’s mouth as of 8 p.m. New York time, has already curbed about half the energy output in the Gulf of Mexico and helped lift oil prices to a seven-week high. It’s also prompted Louisiana Governor John Bel Edwards to declare a state of emergency, while hurricane and tropical storm warnings and watches are in place along the state’s coastline.“It is a heck of a water event once again,” Bob Henson, a meteorologist with Weather Underground, an IBM company, said by phone. “We keep hammering that water is a big threat and here we are again. Barry may or may not become a hurricane, but it will be a rain event and there could be surge problems.”The storm -- with current top winds of 45 miles an hour -- may drop as much as 25 inches of rain in some places, according to an advisory from the U.S. National Hurricane Center. Ship traffic was disrupted in the Mississippi River, where water levels are rising. Companies have cut 53% of oil and 45% of natural gas output in the Gulf.While New Orleans -- where an emergency was declared Wednesday -- won’t have a mandatory evacuation, residents should be prepared to shelter in place because the slow moving storm could bring heavy rain for 48 hours, Mayor LaToya Cantrell said at a press conference. The Mississippi is now forecast to crest at 19 feet, according to the National Weather Service. That should keep the river below the tops of levees in the city, according to Cantrell.Louisiana is already under pressure from floods after the months of rain that have set records across the U.S. and prevented U.S. farm fields from being planted. The Mississippi River in the state has been at flood stage since January and, for the first time since Bonnet Carre spillway was completed in 1937, the Army Corps of Engineers has had to open it twice in the same year to help prevent flooding in New Orleans and take pressure off levees.For a map showing assets in the storm’s path, click hereU.S. benchmark West Texas Intermediate crude traded above $60 a barrel on Friday, while natural gas futures reached the highest level in almost six weeks on Wednesday.Gulf of Mexico operators have shut-in 1.01 million barrels a day of oil production because of the storm, the Bureau of Safety and Environmental Enforcement said in a notice. Almost 1.24 billion cubic feet a day of natural gas production is also closed.The Gulf offshore region accounts for 16% of U.S. crude oil output and less than 3% of dry natural gas, according to the Energy Information Administration. More than 45% of U.S. refining capacity and 51% of gas processing is along the Gulf coast.While the offshore platforms could return to normal operations in a few days, there is a chance widespread flooding could close some refineries and make it difficult for ships to make deliveries across the region, Jim Rouiller, chief meteorologist at the Energy Weather Group near Philadelphia, said by telephone.“The first impact is to the rigs and platforms, then the second risk shows up on Friday and Saturday to the refinery areas,” Rouiller said. “The thing that is going to be really worrisome is the amount of flooding rains across Louisiana. I think the worst is yet to come.”Based on its current track, the storm will likely cause about $800 million to $900 million in damage, said Chuck Watson, a disaster modeler with Enki Research in Savannah, Georgia. That could balloon to $3.2 billion if floods overwhelm New Orleans, he said.A spokesman for the Army Corps of Engineers doesn’t believe levees will be topped by flood waters. The barriers on the lower Mississippi have been inspected daily since November when flooding became an issue.Shipping is grinding to a halt along the southern reaches of the Mississippi River as deteriorating weather conditions made it unsafe for river pilots to board and steer cargo ships. The heavy rains could hurt cotton crops in southern portions of the Mississippi Delta, said Don Keeney, a meteorologist with Maxar in Gaithersburg, Maryland. Kyle McCann, assistant to the president of the Louisiana Farm Bureau, said there hasn’t been any damage to crops in the state yet, but expects a substantial impact in coming days.Thunderstorms have already flooded New Orleans streets and the National Weather Service has issued a flash flood watch from southern Louisiana to the Florida panhandle. City pumps had trouble keeping up with the water, which is a “bad sign,” said Enki Research’s Watson.(Updates with new details throughout.)\--With assistance from Shruti Date Singh, Mike Jeffers, David Marino, Jeffrey Bair, Denitsa Tsekova and Sharon Cho.To contact the reporter on this story: Brian K. Sullivan in Boston at bsullivan10@bloomberg.netTo contact the editors responsible for this story: Tina Davis at tinadavis@bloomberg.net, Pratish NarayananFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.