Previous Close | 50.50 |
Open | 50.46 |
Bid | 50.54 x 800 |
Ask | 50.60 x 800 |
Day's Range | 49.41 - 52.20 |
52 Week Range | 38.96 - 221.64 |
Volume | |
Avg. Volume | 5,815,241 |
Market Cap | 17.725B |
Beta (5Y Monthly) | 0.69 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.70 |
Earnings Date | Feb 09, 2022 - Feb 14, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 123.71 |
Slowdowns in streaming video and e-commerce are a problem for content-delivery networks Fastly, Akamai, and Cloudflare, notes Piper Sandler analyst James Fish.
The Federal Reserve has already raised interest rates three times this year in an effort to stamp out inflation, and it started reducing its balance sheet in June as another means of cooling the overheated economy. Unfortunately, rampant inflation has already taken a toll on the stock market. The benchmark S&P 500 and tech-heavy Nasdaq Composite have plunged 20% and 29.5%, respectively, from all-time highs.
Many tech stocks fizzled out this year as inflation, rising rates, and other macro headwinds drove investors toward more conservative sectors. Here are three tech stocks -- a cheap dividend play, a growing stalwart, and a pricier hypergrowth play -- that could still be worthwhile investments for three different types of investors. For many years, International Business Machines (NYSE: IBM) struggled as the sluggish growth of its legacy divisions consistently offset the expansion of its higher-growth cloud services.