IBM - International Business Machines Corporation
134.37 -0.01 (-0.01%)
After hours: 5:44PM EDT
| Previous Close | 133.96 |
| Open | 133.52 |
| Bid | 134.11 x 900 |
| Ask | 134.50 x 1200 |
| Day's Range | 132.70 - 134.57 |
| 52 Week Range | 105.94 - 152.95 |
| Volume | 3,118,498 |
| Avg. Volume | 3,827,300 |
| Market Cap | 119.044B |
| Beta (3Y Monthly) | 1.56 |
| PE Ratio (TTM) | 14.12 |
| EPS (TTM) | 9.52 |
| Earnings Date | Jan 20, 2020 - Jan 24, 2020 |
| Forward Dividend & Yield | 6.48 (4.56%) |
| Ex-Dividend Date | 2019-08-08 |
| 1y Target Est | 148.37 |
- Thomson Reuters StreetEvents
Edited Transcript of IBM earnings conference call or presentation 16-Oct-19 9:00pm GMT
Q3 2019 International Business Machines Corp Earnings Call
- American City Business Journals
IBM picks Charlotte as host city of inaugural accelerator program
Charlotte will host 15 startups from around the world in November as part of the inaugural IBM Hyper Protect Accelerator.
- MarketWatch
Google touts quantum computing milestone
Google said it has achieved a breakthrough in quantum computing research, saying an experimental quantum processor has completed a calculation in just a few minutes that would take a traditional supercomputer thousands of years.
- Zacks
Tech Stocks' Q3 Earnings Lineup for Oct 24: INTC, TWTR & More
Here is a sneak peek into how four technology stocks, namely, Intel, Twitter, Citrix and VeriSign, are poised ahead of their third-quarter 2019 earnings releases on Oct 24.
- Zacks
The Zacks Analyst Blog Highlights: Microsoft, Google, IBM and Amazon
The Zacks Analyst Blog Highlights: Microsoft, Google, IBM and Amazon
- Zacks
How is Cloud King Microsoft (MSFT) Geared Up for Q1 Earnings?
Microsoft to report fiscal Q1 earnings after market close on Oct 23. Will the cloud business and strong outlook help it in surpassing estimates?
- Yahoo Finance
Microsoft is a cloud story: analyst
Microsoft is becoming a "major player in the cloud space," says portfolio manager Dan Morgan.
- Bloomberg
Google Says Quantum Computer Beat 10,000-Year Task in Minutes
(Bloomberg) -- Alphabet Inc.’s Google said it’s built a computer that’s reached “quantum supremacy,” performing a computation in 200 seconds that would take the fastest supercomputers about 10,000 years.The results of Google’s tests, which were conducted using a quantum chip it developed in-house, were published Wednesday in the scientific journal Nature.“This achievement is the result of years of research and the dedication of many people,” Google engineering director Hartmut Neven said in a blog post. “It’s also the beginning of a new journey: figuring out how to put this technology to work. We’re working with the research community and have open-sourced tools to enable others to work alongside us to identify new applications.”The idea behind quantum computing is to exponentially improve the processing speed and power of computers to be able to simulate large systems, driving advances in physics, chemistry and other fields. Rather than storing information in binary 0s or 1s like classical computers, quantum computers rely on “qubits”, which can be both 0 and 1 simultaneously, dramatically increasing the amount of information that can be encoded.But, much like advancements in artificial intelligence, there’s a lot of debate about what constitutes a real breakthrough. Researchers at International Business Machines Corp. said in a blog this week that a simulation of the same task Google used could be done in 2.5 days on a classical computer with enough hard drive storage, not 10,000 years. If quantum supremacy means doing something classical computers can’t, this isn’t it, they wrote.While the world’s biggest tech companies are racing to develop a quantum computer that passes the scrutiny of academics, some products are commercially available already. In 2011, Canada’s D-Wave Systems Inc. became the first company to sell such a product to businesses and government labs, although unlike machines being built by rivals, its usefulness is limited as the hardware can’t solve any kind of mathematical problem.A number of other companies -- including IBM, Google, Microsoft Corp., and California-based startup Rigetti Computing -- are pushing to create more powerful machines that businesses can use. They’ve also made some of their technology available for researchers to experiment with via the internet.To contact the reporter on this story: Amy Thomson in London at athomson6@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Nate Lanxon, Peter ChapmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- MarketWatch
Texas Instruments tanks the chip sector and investors’ hopes for a rebound
The recent run-up in semiconductor stocks may be finally ending, as Texas Instruments does not call a bottom to the downturn.
- Reuters
UPDATE 2-U.S. defense chief recuses himself from review of $10 bln cloud computing contract
U.S. Defense Secretary Mark Esper has removed himself from reviewing a disputed $10 billion cloud computing deal because of a possible conflict of interest, a move that could further delay the contract-award process. Esper has delegated decision-making on the Joint Enterprise Defense Infrastructure Cloud (JEDI) program to Deputy Secretary David Norquist, the Pentagon said on Tuesday. "Although not legally required to, he (Esper) has removed himself from participating in any decision making ... due to his adult son's employment with one of the original contract applicants," chief Pentagon spokesman Jonathan Rath Hoffman said in a statement.
- American City Business Journals
Esper defers JEDI decision to DOD deputy due to a conflict
The Defense secretary deferred the review to his deputy secretary, noting his son works for a former bidder for the $10 billion cloud contract.
- Zacks
Microsoft (MSFT) Prepares To Release Earnings: Can It Remain The Cloud King?
The largest company in the world is reporting earnings Wednesday, October 23rd, after the bell in one of the most anticipated September quarter releases.
- Zacks
Facebook's Libra May Use Stablecoins Pegged to Currencies
Facebook's global digital currency, Libra can use stablecoins pegged to currencies such as dollar, euro and sterling pound.
- Zacks
Tech Stocks' Earnings Roster for Oct 23: MSFT, XLNX & More
Here is a sneak peek into how four technology stocks, namely, Microsoft, PayPal, F5 Networks and Xilinx, are poised ahead of their upcoming earnings releases on Oct 23.
- Market Realist
IBM: UBS Downgrades Stock, Predicts Lower Revenues
IBM (IBM) stock fell around 1.13% on Monday and closed the trading session at $132.58. The shares fell after one analyst downgraded the stock.
- Business Wire
TBCASoft, IBM and SoftBank Corp. Announce Plans to Transform the Telecommunications Industry With Cross-Carrier Blockchain Solutions
TBCASoft, IBM (IBM) and SoftBank Corp. (9434.T) today announced that they are entering into a strategic collaboration to support the transformation of the telecommunications industry that is intended to use cross-carrier blockchain technology designed to enable new synergies throughout the industry, provide new services to telecom carriers and their subscribers, and foster innovative business models. Based on the planned agreement, TBCASoft will bring technology and solutions, IBM will bring its blockchain technology, experience in integrating and scaling blockchain networks, and software solutions, and SoftBank will bring its telecommunications expertise to the collaboration. Together, the companies will aim to enable carriers to leverage blockchain technology through the Carrier Blockchain Study Group (CBSG) Consortium, a global carrier blockchain consortium co-founded by TBCASoft and SoftBank.
- TheStreet.com
IBM Is Getting Over the Big Blues of Last Week's Earnings
International Business Machines, aka IBM , was reviewed just before the company released its earnings numbers, and we outlined a strategy of going long: "IBM's charts and indicators are shaping up for a strong fourth-quarter rally. IBM declined to near the Point and Figure "price target of around $132." The gap to the downside has so far not started a new leg to the downside, so let's look at a quick-turning candlestick chart. In this daily Japanese candlestick chart of IBM, below, we can see that Monday's pattern was a doji where the opening price and the closing price are the same or nearly the same.
- Financial Times
IBM researchers dismiss Google ‘quantum supremacy’ claim
Google is wrong to claim it has reached a turning point in the history of computing by being the first to achieve “quantum supremacy”, according to researchers at IBM. In a paper published on Monday, five researchers at the US computer maker said Google had overstated a claim that its system, built using the principles of quantum mechanics, could far surpass even the world’s most-powerful supercomputer. It has been hailed as a big step in the development of quantum computers, which have the potential to solve problems in materials science and other fields that are far beyond traditional computers.
- PR Newswire
Aegean Airlines, BNP Paribas, Elaw Tecnologia SA and Home Trust Select IBM Cloud for Mission-Critical Workloads
ARMONK, N.Y., Oct. 22, 2019 /PRNewswire/ -- IBM (NYSE: IBM) today announced that clients in highly regulated industries, including Aegean Airlines, BNP Paribas, Elaw Tecnologia SA and Home Trust, are selecting IBM Cloud as their preferred destination for mission-critical workloads. The industry's only commercially available state-of-art cryptographic technology for the cloud called "Keep Your Own Key."1 This gives enterprises the ability to retain control of their own encryption keys -- and the hardware security modules that protect them -- so customers are the only ones who can control access to their data.
- Financial Times
FirstFT: Today’s top stories
Four people briefed on the plan told the Financial Times they expected WeWork’s board to meet on Tuesday to review the proposal, which would leave Mr Neumann with less than 10 per cent of the shares and voting rights at the company he once dominated. Marcelo Claure, SoftBank’s chief operating officer, would become chairman. SoftBank will emerge with between 60 per cent and 80 per cent of WeWork’s equity under the package, which involves $5bn of new debt, injecting $1.5bn in previously promised equity and an offer to buy up to $3bn of existing shares.
- GuruFocus.com
Beating the Street: Lynch Takes Magellan to $1 Billion
The mutual fund guru learns patience and hones his stock-picking process Continue reading...
- Barrons.com
IBM Stock Closes Down After a Downgrade. Will Red Hat’s ‘Contribution to Growth’ Slow?
IBM stock was falling Monday morning after an analyst at UBS said he sees less upside for the stock.
- InvestorPlace
Dow Jones Today: U.S.-China Trade Is Back in the Spotlight
Earnings have been taking center stage in recent days, but developments in the U.S.-China trade were back in the limelight, helping push stocks higher to start the week.Source: Venturelli Luca / Shutterstock.com President Trump said today he sees progress in the trade talks and that strides are being made between the world's two largest economies. He appears happy that China has lived up to its pledge to buy more from American farmers, though the president said he wants more on that front.The trade vibes were positive enough today that market observers are speculating the two sides could sign an agreement next month at a meeting in Chile.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"The agreement represents a pause in the 18-month trade war that has hurt the economies of both countries, but falls short of the dramatic overhaul of Chinese economic policy Trump has sought," according to Bloomberg. "The agreement also doesn't address Huawei Technologies Co., which has pushed forward with a global effort to sign 5G commercial contracts even as the U.S. seeks to persuade other countries to blacklist the firm." * 10 Hot Pot Stocks to Buy While the trade accord may lack some of the meat desired by President Trump, news of progress today was enough to send the Nasdaq Composite higher by 0.91%, while the S&P 500 added 0.69%. The Dow Jones Industrial Average rose 0.21% with nearly two-thirds of its 30 components pointed higher in late trading. First The Bad NewsA couple of names I harped on quite a bit last week were back in focus today and not in a good way. Loyal readers will not be surprised to see Boeing (NYSE:BA) mentioned in this conversation. The largest member of the price-weighted Dow slumped another 3.7% today and it was the worst-performing member of the blue chip index again.Headline risk is mounted in shares of Boeing over the weekend after the company provided emails to a House subcommittee that could indicate the company knew about problems with the software on the now grounded 737 MAX jet as far back as 2017."It is unfortunate that this document, which was provided early this year to government investigators, could not be released in a manner that would have allowed for meaningful explanation," according to a statement from Boeing.Barron's may have said it best, noting analysts and investors are starting to lose faith in Boeing. Down more than 8% over the past week and 10.52% this month, Boeing shares reflect that sentiment.International Business Machines (NYSE:IBM) was a Dow offender again today, shedding 1.1%. The stock slipped last week on the back of another disappointing earnings report, but it appears like analysts aren't done knocking IBM.UBS analyst Munjal Shah downgraded IBM today to "neutral" from "buy," while paring his price target on the stock to $140 from $170."New mainframe and Red Hat acquisition would drive revenue growth next year," said Shah in a note to clients. "However, beyond 2020, Red Hat contribution to growth lessens and mainframe compares are difficult." Better NewsOn light news, shares of JPMorgan Chase (NYSE:JPM) surged 2.4% to lead the Dow Jones winners today. The gain accounts for more than half of the stock's rally over the past week and cements JPM's status as one of this year's best-performing large- or mega-cap financial services stocks. American Express (NYSE:AXP) rallied in sympathy with JPM, gaining 1.9% to rank as the second-best Dow performer today.Ahead of its fiscal fourth-quarter earnings reveal on Oct. 30, Apple (NASDAQ:AAPL) ascended to another record high today after Raymond James analyst Chris Caso reiterated an "outperform" rating on the stock while elevating his Apple price target to $280 from $250."We increasingly view the 5G opportunity as a two-year cycle, with 5G representing an estimated 40% of mix in the fall 2020 cycle, growing to the vast majority in the 2021 cycle," said Caso in a note to clients. * 7 Software Stocks to Buy for Growth Bottom Line on the Dow Jones TodayAs noted above, there appears to be progress on the trade front and, as mentioned last week, there is still a very strong chance that the Federal Reserve will lower interest rates again this month. So let's focus on earnings again because the next couple of weeks bring an absolute avalanche of reports from bellwether members of the major U.S. equity indexes, including the Dow Jones Industrial Average."The blended net profit margin for the S&P 500 for Q3 2019 is 11.3%," according to FactSet data. "If 11.3% is the actual net profit margin for the quarter, it will mark the first time the index has reported three straight quarters of year-over-year declines in net profit margin since Q1 2009 through Q3 2009. Nine of the 11 sectors are reporting a year-over-year decline in their net profit margins in Q3 2019, led by the Energy (5.4% vs. 8.1%) and Information Technology (20.6% vs. 23.0%) sectors."As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell Before December's Meltdown * 7 Software Stocks to Buy for Growth * 3 Large-Cap Stocks to Buy After Earnings The post Dow Jones Today: U.S.-China Trade Is Back in the Spotlight appeared first on InvestorPlace.
- Benzinga
UBS Downgrades IBM On Expectations Of Continued Transactional Business Pressures
Persisting challenges in Global Technology Services, which accounts for around 35% of IBM’s revenue, are likely to weigh on the company’s performance, Shah said in the note. Pressure in IBM’s legacy businesses may partly offset growth from the first year of its mainframe cycle and the Red Hat acquisition in 2020, the analyst mentioned.
- PR Newswire
IBM Advances 'Watson Anywhere' with New Clients and Innovations Designed to Make it Even Easier to Scale AI Across Any Cloud
ARMONK, N.Y., Oct. 21, 2019 /PRNewswire/ -- Recognizing that organizations are slow to adopt AI, due in part to rising data complexities, IBM (NYSE: IBM) today announced new innovations that further advance its Watson Anywhere approach to scaling AI across any cloud, and a host of clients who are leveraging the strategy to bring AI to their data, wherever it resides. "We collaborate with clients every day and around the world on their data and AI challenges, and this year we tackled one of the big drawbacks to scaling AI throughout the enterprise – vendor lock-in," said Rob Thomas, General Manager, IBM Data and AI. "When we introduced the ability to run Watson on any cloud, we opened up AI for clients in ways never imagined.
