IBM - International Business Machines Corporation

NYSE - NYSE Delayed Price. Currency in USD
138.63
-1.32 (-0.94%)
At close: 4:00PM EDT
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Previous Close139.95
Open139.70
Bid0.00 x 1100
Ask0.00 x 900
Day's Range137.71 - 139.75
52 Week Range105.94 - 154.36
Volume2,856,719
Avg. Volume3,761,424
Market Cap123.362B
Beta (3Y Monthly)1.68
PE Ratio (TTM)14.59
EPS (TTM)9.50
Earnings DateJul 17, 2019
Forward Dividend & Yield6.28 (4.45%)
Ex-Dividend Date2019-02-07
1y Target Est147.06
Trade prices are not sourced from all markets
  • Yara, IBM to offer digital services to farmers
    Reuters2 hours ago

    Yara, IBM to offer digital services to farmers

    Fertilizer maker Yara International and IBM plan to launch digital farming services later this year to help boost crop yields, eventually targeting 100 million hectares, or close to 7 percent of arable land worldwide, they said. Norway-based Yara is among the world's largest fertilizer makers, reporting revenues of $12.9 billion last year from operations in more than 60 countries. Weather data will be among the specific areas of cooperation between the two companies, combining analysis from several IBM units with Yara's knowledge of crops.

  • GlobeNewswire2 hours ago

    Yara and IBM join forces to transform the future of farming

    Yara and IBM will combine world-class agronomy and cutting-edge technology to develop the world`s leading global digital farming platform. 26, 2019: Yara International (YAR.OL), a global leader in crop nutrition, and IBM (IBM), today announced an agreement to build the world`s leading digital farming platform, providing holistic digital services and instant agronomic advice. Yara and IBM Services will jointly innovate and commercialize digital agricultural solutions that will help increase global food production by drawing on the two companies` complementary capabilities: Yara`s unrivalled agronomic knowledge, backed by more than 800 agronomists and a century of experience, and IBM`s digital platforms, services and expertise in artificial intelligence (AI) and data analytics.

  • GlobeNewswire17 hours ago

    Adesto, IBM and NXP Demonstrate Robust End-to-End Security for Industrial IoT

    SANTA CLARA, Calif., April 25, 2019 -- Adesto® Technologies Corporation (NASDAQ: IOTS), IBM (NYSE: IBM) and NXP® Semiconductors (NASDAQ: NXPI) are demonstrating a powerful.

  • IBM Services Signs Agreement with Lenovo Data Center Group to Increase Customer Care with Cognitive and Blockchain Solutions
    PR Newswire20 hours ago

    IBM Services Signs Agreement with Lenovo Data Center Group to Increase Customer Care with Cognitive and Blockchain Solutions

    ARMONK, N.Y., April 25, 2019 /PRNewswire/ -- IBM (NYSE: IBM) today announced that it will support the customer experience of Lenovo's Data Center Group with Cognitive and Blockchain-powered field service solutions in over 200 countries worldwide. Today's customer service demands have evolved to a current standard that is expected to seamlessly integrate various networks and deliver 24x7 connection with a high level of speed and accessibility. In fact, according to IBM's research, more than $1 trillion is spent on 265 billion customer service calls each year industry-wide, with 50% of those calls going unresolved.

  • Leading universities partner with IBM to accelerate joint research and drive educational opportunities in quantum computing
    PR Newswire20 hours ago

    Leading universities partner with IBM to accelerate joint research and drive educational opportunities in quantum computing

    YORKTOWN HEIGHTS, New York, April 25, 2019 /PRNewswire/ -- IBM (NYSE: IBM) today announced the expansion of the IBM Q Network to include a number of global universities with the intent to partner with IBM to accelerate joint research in quantum computing, and develop curricula to help prepare students for careers that will be influenced by this next era of computing, across science and business. The IBM Q Network™ is the world's first community of Fortune 500 companies, startups, academic institutions and research labs working to advance quantum computing and explore practical applications.

  • Financial Timesyesterday

    China’s unchecked expansion of data-powered AI raises civic concerns

    Chinese citizens generate huge amounts of data, which is being used to fuel China’s big bet on artificial intelligence. has raised questions about how the Chinese state, as well as private companies, will collect, safeguard and utilise the trillions of data points collected every day.

  • Regions Bank Taps IBM's AI to Power Next Generation Customer Service
    PR Newswireyesterday

    Regions Bank Taps IBM's AI to Power Next Generation Customer Service

    Watson has helped Regions answer over 1.5 million customer calls and 1.4 million banker questions NEW YORK , April 25, 2019 /PRNewswire/ -- IBM (NYSE:  IBM ) today announced that Regions Bank has selected ...

  • Here's What to Expect from Amazon's (AMZN) Q1 2019 Earnings Results
    Zacksyesterday

    Here's What to Expect from Amazon's (AMZN) Q1 2019 Earnings Results

    Let's see what to expect from Amazon's earnings and revenue results after the closing bell on Thursday.

  • 3 Cloud Stocks to Buy Right Now
    Zacksyesterday

    3 Cloud Stocks to Buy Right Now

    Check out these three Zacks buy-ranked cloud stocks to consider right now.

  • Buffett Keeps Markets Guessing about His Next ‘Elephant’
    Market Realist2 days ago

    Buffett Keeps Markets Guessing about His Next ‘Elephant’

    Berkshire’s Cash Pile Sparks Acquisition Rumors—Buffett Denies(Continued from Prior Part)Berkshire’s acquisitions Warren Buffett, Berkshire Hathaway’s (BRK-B) chair, has denied that the company is looking at buying PG&E Corporation (PGE).

  • GuruFocus.com2 days ago

    Focus on the Movie, Not the Snapshot

    Some lessons learned from buying questionable businesses at 'cheap' prices

  • IBM to Develop an AI-Powered IoT Solution to Help Clients Manage and Monitor Aging Bridges, Tunnels, Highways and Railways
    PR Newswire2 days ago

    IBM to Develop an AI-Powered IoT Solution to Help Clients Manage and Monitor Aging Bridges, Tunnels, Highways and Railways

    ORLANDO, Fla., April 24, 2019 /PRNewswire/ -- At IBM's IoT Exchange, IBM (NYSE: IBM) today announced a collaboration with Sund & Bælt — which owns and operates some of the largest infrastructure in the world — to assist in IBM's development of an AI-powered IoT solution designed to help prolong the lifespan of aging bridges, tunnels, highways, and railways. The new industry solution, IBM Maximo for Civil Infrastructure, further extends the IBM Maximo portfolio while providing deep industry and task-specific functionality to help organizations manage, monitor and administer their infrastructure assets.

  • Microsoft Is a Finalist in the Race for a $10 Billion Contract
    Market Realist2 days ago

    Microsoft Is a Finalist in the Race for a $10 Billion Contract

    Four of the Latest Takeaways from Microsoft in April(Continued from Prior Part)Oracle and IBM dropped Microsoft (MSFT) has made it to the short list of companies being considered for a lucrative cloud contract from the US Department of Defense. The

  • Mozambique Faces Another Powerful Cyclone One Month After Idai
    Bloomberg3 days ago

    Mozambique Faces Another Powerful Cyclone One Month After Idai

    Kenneth has top winds of 52 miles (84 kilometers) per hour, and could reach 104 mph before it makes landfall between Palma, where Anadarko Petroleum Corp. is building a $20 billion LNG project, and Pemba on Mozambique‘s coast, according to the U.S. Joint Typhoon Warning Center in Pearl Harbor, Hawaii. Kenneth would be the equivalent of a Category 2 storm on the five-step Saffir Simpson scale. Anadarko doesn’t anticipate major impacts at its site in Mozambique but will continue to monitor the situation and adjust plans to meet new conditions, the company said in a statement.

  • Why Microsoft Bought Express Logic
    Market Realist3 days ago

    Why Microsoft Bought Express Logic

    Four of the Latest Takeaways from Microsoft in AprilExpress Logic develops IoT softwareMicrosoft (MSFT) announced this month that it had acquired a San Diego startup called Express Logic for an undisclosed amount. Express Logic specializes in

  • Why Groupon Stock Can’t Quite Deliver
    InvestorPlace3 days ago

    Why Groupon Stock Can’t Quite Deliver

    In some ways, Groupon (NASDAQ:GRPN) looks like an attractive stock. Groupon stock is reasonably cheap based on both EBITDA and free cash flow.Source: Shutterstock There's some potential for GRPN to be acquired at some point. If Groupon could just consistently grow, GRPN stock likely would climb above $3.50. * 10 High-Yielding Dividend Stocks That Won't Wilt It's that "if" that's the big problem, however. Since Groupon stock crashed soon after its 2011 IPO amid accounting concerns, the potential has always been there.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIndeed, in 2017, as I wrote last year, GRPN made some progress. In 2018, it hit its original guidance for the year. And yet GRPN stock hit another multi-year low in December, and stumbled again after it reported its Q4 results and provided 2019 guidance back in February.At these levels, Groupon stock looks somewhat intriguing, even to a longtime skeptic like myself. There are scenarios under which GRPN stock can rally. But that path has been open for years now, and GRPN simply can't seem to get there. Why Groupon Stock Looks IntriguingWhat is different about Groupon stock now versus a few years ago is that the stock now looks reasonably cheap. Cost-cutting in 2017 raised GRPN's margins. Its profit rose last year, as its adjusted EBITDA increased 8%, and its adjusted EPS climbed from $0.11 to $0.18, albeit with some help from corporate tax reform.As a result, the valuation of Groupon stock looks fairly reasonable. It trades at about 19 times its 2018 EPS, and its guidance indicates that its profits will be roughly similar this year. Free cash flow last year, excluding a settlement payment to IBM (NYSE:IBM), was $163 million. According to GRPN, that figure should be roughly similar in 2019. At that level, the price-free cash flow ratio of GRPN stock will be about 12.It's true that the company's 2019 guidance was disappointing, and that's a key reason why Groupon stock fell 11% after the company released its Q4 results. But management cited a target of $300 million of EBITDA in 2020, which would entail an increase of 10%+. If GRPN attains that goal, its enterprise value-EBITDA ratio would be below seven.Those multiples are cheap in general, and they're enormously cheap, considering the valuations of other, similar internet-platform stocks. ANGI Homeservices (NASDAQ:ANGI) trades at something like 25 times its 2019 EBITDA. Match Group (NASDAQ:MTCH) is trading at about 30 times its 2019 free cash flow and something like 20 times its EBITDA. GrubHub (NYSE:GRUB) and Yelp (NASDAQ:YELP) trade at elevated levels as well.Groupon stock doesn't deserve those multiples. But at least, renewed investor confidence in GRPN could cause the current multiples of Groupon stock to expand. Higher multiples and higher growth can combine to sharply raise the price of GRPN stock.But that's been the case for years now. Even when the company's profits were lower, bulls asked, "what if GRPN just traded at one times its sales?"Acquisition rumors have swirled constantly over that stretch as well. They continue to do so. GRPN Stock's CatchAnd yet…it's 2019 and GRPN is back trading in the mid-$3s. It hasn't been able to grow, as its revenue has declined for 12 straight quarters. Some of the pressure on Groupon's revenue in past years has came from the company pulling back in certain international markets and de-emphasizing Groupon Goods. But even management after Q4 admitted that the company's performance in the second half of 2018 was disappointing.An acquisition of GRPN could make some sense, but where are the buyers? Why, exactly, would anyone pull the trigger in 2019 or 2020 when the opportunity has been present for some time?The same issue is true of the company's 2020 guidance. Management is arguing that investments made this year will drive growth next year. Yet, except for the progress that the company made in 2017, GRPN feels like it's been a "next year" story for about six years now. What's different now? And how, exactly, are the company's profits supposed to rise by double-digit percentage levels when its billings and revenue are falling?Groupon lost some 2 million active users in North America in 2018 alone, according to its Q4 results. (I believe I'm one of the 2.1 million.) Its products simply aren't relevant enough to consumers. GRPN's ProblemAt the end of the day, the company's problem is relatively simple, and it's the same as it's been for some time. Specifically, it's not clear that Groupon's business model really works. Consumers like discounts,, but the quality of merchants on Groupon simply isn't good enough to keep driving growth.Meanwhile, the company's model isn't really a "tech" model. GRPN still has well over 2,000 salespeople. Business runs through the company's website and, increasingly, its app. But, at its core, GRPN has a labor-intensive model that doesn't grow well. And it's a model that relies on outside help: Groupon's own 10-K cites headwinds from Google's changes to its search algorithm and its development of the "promotions" tab in Gmail, which has hurt the response to Groupon's emails.Groupon stock does seem to have some value, given its profitability and positive free cash flow. That's why GRPN stock is tempting, particularly at its low price.But the qualitative concerns about GRPN have been going on for so long that it's difficult to ignore them. It's in a really, really tough business. And unless Groupon can either drive consistent growth or find a "white knight" acquirer, it's hard to see how the next few years will look much different from the last few.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post Why Groupon Stock Can't Quite Deliver appeared first on InvestorPlace.

  • Is Intel’s Future Brighter after Modem Exit?
    Market Realist3 days ago

    Is Intel’s Future Brighter after Modem Exit?

    The Latest Buzz from the Semiconductor Sector: QCOM, INTC, AVGO(Continued from Prior Part)Intel was losing money in modem businessIntel (INTC) this month announced its intention to exit the smartphone modem business. That means that Intel has

  • IBM Stock Keeps Moving Sideways With No End in Sight
    InvestorPlace3 days ago

    IBM Stock Keeps Moving Sideways With No End in Sight

    [Editor's note: This story has been edited to correct a misstatement concerning the status of Watson Health.]The case for IBM (NYSE:IBM) stock seems reasonably easy to make. For one, International Business Machines stock (as it's sometimes known) is among the cheapest issues in the market. IBM stock trades at just 10x 2019 EPS estimates and yields a healthy 4.5%.Source: Shutterstock That combination seems like it should be an attractive one for the longtime tech giant. And indeed, I recommended IBM stock on two occasions last year, most recently amid a sell-off in November. There was - and still is - a "get paid to wait" argument for betting on a turnaround. I myself sold puts on IBM early last year, with the goal of either keeping a healthy premium or acquiring International Business Machines stock at a more attractive price.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe problem with IBM stock, however, is that the combination of a cheap price and a solid yield has held for years now. And over that stretch, IBM shares simply have kept falling. The stock actually touched a nine-year low in December. Even with a rally of late, IBM trades more than 20% below early 2017 highs. For nearly three years now, IBM has been a yield trap. * 7 Tech Stocks With Too Much Risk, Not Enough Upside For that to change, the turnaround needs to take hold. And while there's still hope, the recent Q1 earnings report hardly showed much progress. IBM stock still is cheap - but until the underlying business improves, it very well might stay that way. IBM Falls After EarningsIBM infamously posted 23 straight quarters of declining revenue (on a year-over-year basis) before breaking the streak with the Q4 2017 report. Unfortunately, Big Blue is back to its old ways.Three straight quarters of growth have been followed by three straight quarters of decline. In those previous three reports, IBM has fallen short of consensus revenue estimates each time.In Q1, sales fell 0.9% year-over-year, even backing out currency effects. Pre-tax margins did expand sharply (some 300 basis points) but a comparison against one-time charges in the year-prior quarter was a big help. EPS, in part due to a higher tax rate, actually declined to $2.25 from $2.45 the year before.From a broad standpoint, it doesn't look like enough, and the 4%+ decline in IBM stock makes some sense. A Closer Look at EarningsThat said, looking at the quarter more closely results in an "eye of the beholder" situation. For instance, a big issue in the quarter was mainframe sales: IBM Z revenue dropped 38%, per the IBM Q1 conference call. But as The Motley Fool pointed out, that's in part due to the mainframe cycle that may rebound in 2020 or 2021 as a new product is released.At the same time, however, it was that same cycle that largely drove the three-quarter stretch of growth a year ago. Without that cycle, IBM still is a long way from keeping revenue stable.Outside of mainframe, the news looks mixed. Unsurprisingly in the current climate, IBM seeks some growth in key areas. Constant-currency cloud revenue grew 12%, per the Q4 call; that business, over the past four quarters, now has generated about a quarter of total revenue. Consulting revenues are up.But there's a bit of a "rising tide lifts all boats" phenomenon there. Cloud revenue should be rising and perhaps should be rising much faster. Different companies have different definitions of "cloud", but the 12% rate clearly lags those of other tech giants like Microsoft (NASDAQ:MSFT) and Amazon.com (NASDAQ:AMZN). It's difficult from the numbers to believe that IBM is gaining market share; rather, its positioning seems to be eroding in a fast-growing market.Watson increasingly looks like a disappointment. Cloud & Cognitive Software, on the whole, grew constant-currency revenue just 2% in the quarter. However, according to a statement by IBM Watson Health spokesperson John Roderick, the company is not discontinuing its efforts here. Instead, IBM will continue to focus its efforts on existing Watson for Drug Discovery customers:"IBM is not discontinuing its Watson for Drug Discovery offering, and remains committed to its continued success for clients currently using the technology," Roderick told InvestorPlace. "IBM is focusing its resources within Watson Health to double down on the adjacent field of clinical development where the company sees an even greater market need for its data and AI capabilities."Indeed, IBM is growing in seemingly hot areas like cloud and AI. That said, it's declining elsewhere and not growing fast enough where it should be. It certainly is not keeping pace in stronger end markets. As those markets slow and we've already seen cloud worries hit chip stocks like Nvidia (NASDAQ:NVDA) and Intel (NASDAQ:INTC) - IBM's growth will slow, too. What does the story here look like then? How to Play IBM StockThat said, IBM still is cheap, and I'm not sure the case is terribly different from what it was a year ago. There's still hope; there are still valuable businesses in-house, and the acquisition of Red Hat (NYSE:RHT) should help revenue and profit growth (though interest expense will limit the initial bottom-line contribution).For now, there's enough to see International Business Machines stock muddling through and maybe even to see the dividend as attractive. It's worth noting that other low-growth/turnaround tech plays, Oracle (NYSE:ORCL) and Cisco Systems (NASDAQ:CSCO) being the two best examples, have soared of late. Those companies have shown a bit more promise, but they also highlight the potential upside here if IBM can change the narrative.The catch remains, however. For real upside in its shares, IBM has to change the narrative and Q1 wasn't enough to do that. Taking the longer view, it's difficult to ignore recent history, and unwise to buy IBM stock simply because it's cheap. It's been cheap for a while, and that's done little for IBM shareholders.Selling puts (or covered calls) can hedge exposure, and lower the effective price here; that maybe makes IBM more attractive. At a certain point, IBM simply has to drive growth one way or another. Investors have been waiting a long time for that to happen and after Q1, they're still waiting.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner Compare Brokers The post IBM Stock Keeps Moving Sideways With No End in Sight appeared first on InvestorPlace.

  • The Zacks Analyst Blog Highlights: IBM, Honeywell, American Express, CSX, Progressive
    Zacks3 days ago

    The Zacks Analyst Blog Highlights: IBM, Honeywell, American Express, CSX, Progressive

    The Zacks Analyst Blog Highlights: IBM, Honeywell, American Express, CSX, Progressive

  • Did Buffett Deploy Cash in Q1 as Markets Bounced Back?
    Market Realist3 days ago

    Did Buffett Deploy Cash in Q1 as Markets Bounced Back?

    Can Berkshire Hathaway Play Catch-Up with the S&P 500 This Year?(Continued from Prior Part)US markets in the first quarterUS markets had a strong first quarter, with the S&P 500 (SPY) rising 13.1%. The markets slumped in the fourth quarter

  • Buffett’s Wait for His ‘Elephant’ Might Be Longer Now
    Market Realist4 days ago

    Buffett’s Wait for His ‘Elephant’ Might Be Longer Now

    Can Berkshire Hathaway Play Catch-Up with the S&P 500 This Year?(Continued from Prior Part)Buffett In his 2018 annual letter, Berkshire Hathaway (BRK-B) chair Warren Buffett said that he and vice-chair Charlie Munger “hope for an