IBM - International Business Machines Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
142.29
+0.26 (+0.18%)
As of 10:09AM EDT. Market open.
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Previous Close142.04
Open142.54
Bid141.93 x 1000
Ask141.97 x 800
Day's Range141.81 - 142.70
52 Week Range105.94 - 152.95
Volume396,046
Avg. Volume3,738,378
Market Cap125.42B
Beta (3Y Monthly)1.56
PE Ratio (TTM)14.69
EPS (TTM)9.69
Earnings DateOct 16, 2019
Forward Dividend & Yield6.48 (4.54%)
Ex-Dividend Date2019-08-08
1y Target Est153.05
Trade prices are not sourced from all markets
  • Blockchain to Gain Impetus as Facebook Moves Ahead With Libra
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    Blockchain to Gain Impetus as Facebook Moves Ahead With Libra

    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.

  • GlobeNewswire

    Premier Health Announces Collaboration with IBM Canada

    VANCOUVER, British Columbia, Oct. 15, 2019 -- Premier Health Group (CSE: PHGI, OTCQB: PHGRF, Frankfurt: 6PH) (the “Company” or “Premier Health”), a Company focused on.

  • Barrons.com

    IBM Reports Earnings Tomorrow. Here’s What to Expect.

    • 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) Q3 Earnings on Deck as Earnings Season Gets Underway
    Zacks

    IBM (IBM) Q3 Earnings on Deck as Earnings Season Gets Underway

    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.

  • ETFs in Focus as IBM Gears Up to Report Q3 Earnings
    Zacks

    ETFs in Focus as IBM Gears Up to Report Q3 Earnings

    International Business Machines is scheduled to report third-quarter 2019 results on Oct 15 after market close.

  • IBM Stock Looks Primed for a Big Blue Rally
    TheStreet.com

    IBM Stock Looks Primed for a Big Blue Rally

    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.

  • JPMorgan, Netflix, IBM, Micron and Wells Fargo are part of Zacks Earnings Preview
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    JPMorgan, Netflix, IBM, Micron and Wells Fargo are part of Zacks Earnings Preview

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  • Q3 Earnings Will Be Key for IBM Stock
    InvestorPlace

    Q3 Earnings Will Be Key for IBM Stock

    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.

  • Accenture to Snap Up Martech and Adtech Expert Sutter Mills
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  • IBM and David Clark Cause Announce Call for Code 2019 Global Prize Winner: Health Solution for Firefighters
    PR Newswire

    IBM and David Clark Cause Announce Call for Code 2019 Global Prize Winner: Health Solution for Firefighters

    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.

  • Trade war pause, retail sales, bank earnings – What to know in the week ahead
    Yahoo Finance

    Trade war pause, retail sales, bank earnings – What to know in the week ahead

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  • A Nurse, a Firefighter, and Developers Take Top Award with Health Solution for First Responders: IBM and David Clark Cause Announce Call for Code 2019 Global Prize Winner
    PR Newswire

    A Nurse, a Firefighter, and Developers Take Top Award with Health Solution for First Responders: IBM and David Clark Cause Announce Call for Code 2019 Global Prize Winner

    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.

  • What to Expect from Q3 Earnings Season with Big Banks Set to Report?
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  • Top Red Hat official was let go, company confirms as new CFO steps in
    American City Business Journals

    Top Red Hat official was let go, company confirms as new CFO steps in

    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.

  • Google Eyes Cloud Development in LATAM: Rivals on Its Radar
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    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 Gears Up to Report Q3 Earnings: What's in the Cards?
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    IBM Gears Up to Report Q3 Earnings: What's in the Cards?

    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.

  • Will Q3 Earnings Drive Dow ETF Higher?
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    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 Boosts Incident Response With New Mandiant Services
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    FireEye's (FEYE) new services will allow Mandiant experts to augment a company's security team by quantifying and improving its incident response efficiency.

  • Bull of the Day: Alteryx (AYX)
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  • Red Hat offers few details as CFO leaves company months after $34B IBM merger
    American City Business Journals

    Red Hat offers few details as CFO leaves company months after $34B IBM merger

    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.

  • Chicago Quantum Summit to gather international experts
    PR Newswire

    Chicago Quantum Summit to gather international experts

    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 ...

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  • International Business Machines Corp. (IBM) Delivers As Hedge Funds In Wait-and-See Mode
    Insider Monkey

    International Business Machines Corp. (IBM) Delivers As Hedge Funds In Wait-and-See Mode

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  • Oracle (ORCL) on a Hiring Spree, To Add 2K Cloud Based Jobs
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