|Bid||141.93 x 1000|
|Ask||141.97 x 800|
|Day's Range||141.81 - 142.70|
|52 Week Range||105.94 - 152.95|
|Beta (3Y Monthly)||1.56|
|PE Ratio (TTM)||14.69|
|Earnings Date||Oct 16, 2019|
|Forward Dividend & Yield||6.48 (4.54%)|
|1y Target Est||153.05|
Facebook (FB) is not deterred by notable digital payment companies disassociating themselves from Libra. Advancing efforts on Libra brings other major blockchain players under the spotlight.
VANCOUVER, British Columbia, Oct. 15, 2019 -- Premier Health Group (CSE: PHGI, OTCQB: PHGRF, Frankfurt: 6PH) (the “Company” or “Premier Health”), a Company focused on.
• Wall Street analysts are predicting that the company will report third-quarter adjusted earnings of $2.67 per share and $18.2 billion of revenue. • Last week, Morgan Stanley analyst Katy Huberty reaffirmed her Overweight rating for the technology company. “IBM is an attractive candidate in light of easier comps, higher IT Services exposure & mainframe cycle limiting est.
IBM (IBM) is set to report their third quarter results after the closing bell on Tuesday, October 15th as Q3's earnings season gets underway this week.
IBM is due to report its quarterly figures on Wednesday -- one of the companies that Jim Cramer noted on his Mad Money program is a key stock to watch this week. In this daily bar chart, we can see that prices have trended sideways for much of this year, with dips to the $125-$130 area bought. IBM's On-Balance-Volume line (OBV) has also been rising since last November, which tells us that buyers have been more aggressive.
Investors have given International Business Machines (NYSE:IBM) stock another chance. A market-wide selloff and IBM's return to declining revenue sent International Business Machines stock to a nine-year low in December. Since then, IBM stock price has bounced about 36%.Source: JHVEPhoto / Shutterstock.com But investors' patience won't last forever. IBM needs to start showing real, consistent growth, and its Q3 earnings on Wednesday afternoon would be a great place to start.If the company can convince the market that it's a legitimate competitor in the cloud wars, IBM stock can definitely climb. Meanwhile, IBM's largest acquisition ever closed nine days into Q3. As a result, IBM's management will have the opportunity to detail the early performance of the company it bought, Red Hat.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs I wrote in August, I'm not convinced that the outlook of IBM stock is positive. Its business, at least in terms of revenue, has declined for most of this decade. It's trailing in the cloud competition. The Red Hat acquisition makes sense, but it wasn't cheap. * 7 A-Rated Stocks to Buy for the Rest of 2019 That said, International Business Machines stock isn't priced for growth. Its dividend is attractive. And there's still time for IBM to change the outlook of its shares, which have been in a consistent downtrend going back to 2013.Its Q3 earnings are a huge opportunity for IBM to show that it's growing again. If it does so, investors can become more confident in International Business Machines stock. But, at least for now, IBM remains a "show me" story. Earnings Can Boost IBM Stock PriceIBM has, quite simply, returned to its old ways. Its Q4 2017 results mercifully ended a streak of 22 consecutive quarters of declining year-over-year revenue.Two more quarters of growth followed, but IBM couldn't keep the momentum going. For the last four quarters, the company's sales have fallen YoY, and the Street expects the streak to reach five on Wednesday.Those declines don't mean IBM stock should be sold. In fact, including dividends, International Business Machines stock actually has provided a positive return over the past year (even if that return is about 1%). But IBM needs to start growing again, excluding acquisitions, at some point for the stock to rally.I don't think the company grew, excluding acquisitions, in Q3. But if management can inspire confidence that a positive turning point is coming, IBM stock price could climb. Is International Business Machines Stock Undervalued Because of Its Cloud Business?Two key aspects of IBM's business can inspire that confidence. The first is its cloud unit.IBM isn't a leader in cloud platforms. Amazon.com (NASDAQ:AMZN), thanks to the runaway success of its Amazon Web Services business, is clearly in first place. Microsoft's (NASDAQ:MSFT) Azure unit is in second place.But IBM probably is better off than some investors might think. It's likely fighting with Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL) for third place. And Red Hat should help on that front, given its expertise in hybrid cloud.Other companies' cloud units have tremendously boosted their valuations. One analyst estimated that AWS could be worth half a billion dollars. A GOOG stock bull valued Alphabet's cloud business at $225 billion.As Bloomberg noted, even the latter figure is twice the market cap of IBM - and well above its enterprise value. The revenue of the two companies is likely similar at the moment, and the bullish Deutsche Bank analyst estimated that Google's cloud unit could generate $38 billion of revenue in 2025 That's roughly double IBM's 2018 cloud revenue - which continues to grow.So it's possible to assert that IBM's cloud business can meaningfully boost IBM stock. But there's one catch. Google and Amazon aren't losing on-premise-computing revenue amid the shift to cloud computing. The growth of the cloud is entirely positive for them.In contrast, IBM's efforts are causing its revenue from its legacy storage products to drop. That's a key reason why its overall revenue is falling despite the solid growth of its key businesses.But IBM's cloud business won't move IBM stock price higher unless its performance improves. Over the last 12 months, its cloud revenue has increased 8%, excluding currency fluctuations. That isn't enough to boost International Business Machines stock. And so investors will watch closely to see if that growth accelerated in Q3. Returns From Red HatIBM's comments about Red Hat will also be closely examined. Red Hat's revenue was growing in the high-teen-percentage levels, excluding currency fluctuations, before it was acquired. It needs to maintain that growth under IBM's ownership, for two reasons.First, acquisitions always are fraught with risk. They usually look great on paper, though IBM stock did fall 7% in the two sessions after the deal was announced last October. (But a plunging stock market likely didn't help IBM stock price.) In practice, integrating acquisitions is always dicey. After Red Hat's CFO was summarily dismissed this week, albeit due to a violation of "workplace standards," investors will want to be reassured that the merger is progressing according to plan.Second, Red Hat is a huge part of the company's cloud strategy. IBM already has transitioned its software portfolio to run on Red Hat's OpenShift. IBM did not buy Red Hat to have another asset. The deal is an integral part of IBM's strategy going forward and a huge component of its plan to get its revenue growing again.And IBM stock at this point, essentially, is a bet on that plan. Trading at 10.5 times its forward earnings, IBM stock is priced for basically zero growth. For most of this decade, that's been about right. For International Business Machines stock to rise, the company needs to change those expectations. A strong Q3 report and some good news on the cloud front would be important first steps.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post Q3 Earnings Will Be Key for IBM Stock appeared first on InvestorPlace.
NEW YORK, Oct. 14, 2019 /PRNewswire/ -- The winner of the Call for Code 2019 Global Challenge has been announced: a system that uses artificial intelligence and the internet of things to guard the safety of firefighters as they battle blazes. The winning project, Prometeo, submitted by a team from Barcelona, was announced by the competition's Founding Partner, IBM (NYSE: IBM), and Creator, David Clark Cause, during a celebration at the United Nations Delegates Dining Room in New York City on October 12th. The Prometeo team, which includes a nurse, a firefighter, and software developers, was awarded the Call for Code grand prize of USD $200,000.
The coming week’s docket of economic reports and earnings releases comes just following the Trump administration’s announcement of a partial trade deal with China late last week.
NEW YORK, Oct. 12, 2019 /PRNewswire/ -- The winner of the Call for Code 2019 Global Challenge was announced today: A system that uses artificial intelligence and the internet of things to guard the safety of firefighters as they battle blazes. The winning project, Prometeo, submitted by a team from Barcelona, was announced by the competition's Founding Partner, IBM (NYSE: IBM), and Creator, David Clark Cause, during a celebration at the United Nations Delegates Dining Room in New York City. The Prometeo team, which includes a nurse, a firefighter and software developers, will receive the Call for Code grand prize of USD $200,000.
New Red Hat CFO Laurie Krebs comes at what could be a difficult time as it appears her predecessor was ousted from the Raleigh-based open source company - just months after it was bought out by IBM. Red Hat has confirmed the departure of CFO Eric Shander, first reported Thursday, was actually a dismissal without pay. The news came three months after IBM's $34 billion buyout of Red Hat closed.
Alphabet's (GOOGL) Google Cloud mobilizes its resources to increase headcount in LATAM. This augurs well for its deepened focus on solidifying footprint in the region.
IBM's blockchain, cloud and ML capabilities, among others, are expected to have witnessed robust adoption in the third quarter. However, stiff competition and high debts may have been concerns.
With most blue-chip companies earnings scheduled over the coming weeks and sentiments being mixed, investors should closely monitor the movement of the Dow ETF and grab an opportunity that arises from a surge in any of the 30 stocks.
FireEye's (FEYE) new services will allow Mandiant experts to augment a company's security team by quantifying and improving its incident response efficiency.
Three months after IBM closed on its $34 billion buy of Red Hat, Eric Shander, CFO of the open source firm, is no longer at the company, a spokeswoman has confirmed.
Industry and academic leaders from US, Australia, Canada, UK to share research, discuss workforce development and build toward a global quantum alliance CHICAGO , Oct. 10, 2019 /PRNewswire/ -- Top experts ...
Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that's why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an […]
Oracle (ORCL) to add 2,000 employees to enhance cloud business globally and aims to capitalize on growing cloud penetration among enterprises.