182.30 0.00 (0.00%)
After hours: 5:15PM EDT
|Bid||182.00 x 1400|
|Ask||182.58 x 1200|
|Day's Range||182.23 - 182.70|
|52 Week Range||115.31 - 183.58|
|Beta (3Y Monthly)||-0.29|
|PE Ratio (TTM)||78.24|
|Earnings Date||Jun 19, 2019 - Jun 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||185.41|
Jim Cramer chats with IBM Senior Vice President of Global Markets Martin Schroeter to hear what plans the company has once its acquisition of Red Hat closes.
Jim Cramer takes a look at the freight and transport sector to explain why worries about inflation are now over.
Red Hat Inc is a software company operating business across the world. Red Hat Inc had annual average EBITDA growth of 16.20% over the past ten years. GuruFocus rated Red Hat Inc the business predictability rank of 5-star.
Read the beginning of this article here. Among the biggest Havens Advisors fourth quarter holdings that weren’t sold out in the meantime was Red Hat Inc (NYSE:RHT), a software company which offers a variety of open-source products, such as high performing Linux, container, cloud, and Kubernetes technologies. The fund purchased 70,324 Red Hat’s shares, establishing […]
Top executives in the Triangle walked away with millions of dollars in insider stock sales in the first quarter of 2019. Brian Bailey, a board member and Bandwidth and the cofounder and managing partner of one of its biggest stakeholders, Carmichael Partners, walked away with about $8 million through multiple stock sell-offs. The largest individual stock seller in the quarter is a familiar name on the list – Iqvia’s John Connaughton.
Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced that it will serve as the steward of the OpenJDK 8 and OpenJDK 11 projects following a transition of leadership from Oracle. With the transition, Red Hat is affirming its support of the Java community and following a similar path that led to its leadership of both the OpenJDK 6 and OpenJDK 7 projects. OpenJDK is an open source implementation of Java, one of the most widely-used programming languages for building enterprise-grade applications.
International Business Machines Corp reported a bigger-than-expected drop in first-quarter revenue on Tuesday, hurt by tapering demand for its mainframe computers and a stronger dollar, sending its shares down about 3 percent. The technology giant's revenue at all its main business units except cloud, which has been the centerpiece of its turnaround strategy, missed analysts' estimates. IBM's cloud and cognitive segment, which includes analytics, cybersecurity and artificial intelligence, fell 1.5 percent to $5.04 billion in the quarter, but beat FactSet estimates of $4.18 billion.
By Sayanti Chakraborty (Reuters) - International Business Machines Corp reported a bigger-than-expected drop in first-quarter revenue on Tuesday, hurt by tapering demand for its latest mainframe computers ...
International Business Machines Corp reported a bigger-than-expected drop in first-quarter revenue on Tuesday, hurt by tapering demand for its latest mainframe computers and a stronger dollar. Shares of ...
IBM’s biggest buy yet - that of Raleigh-based Red Hat for $34 billion – is on track, says Big Blue’s top finance executive.
International Business Machines Corp reported a bigger-than-expected drop in quarterly revenue on Tuesday, an indication that its efforts to pivot to newer businesses such as cloud, analytics, software and services remained patchy at best. Under Ginni Rommetty's stewardship, the company has shed many of its traditional hardware businesses and beefed up the growth areas through deals such as its $34 billion deal for Red Hat Inc, by far the company's biggest acquisition. Shares of the technology services giant have gained about 18 percent since Jan.22, when it reported its fourth-quarter results.
International Business Machines Corp. needs to show how the short-term pain of declining revenues is going to pay off as the company keeps shifting toward a more services oriented business.
Investors should look for specifics about IBM’s plans for the Red Hat deal, especially how it plans to pay down $25 billion in debt.
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The company in October announced that it would acquire Red Hat, and while the deal isn’t expected to close until the second half of the year, analysts are looking ahead to the prospects of the combined company, and whether Red Hat’s position in the fast-growing cloud-computing market will be enough to turn sentiment on IBM, which has lagged the overall technology sector for years. Credit Suisse cheered the Red Hat deal in a note published last week, starting coverage on IBM with an outperform rating and Street-high price target of $173. “IBM and Red Hat together form a powerful competitor to guide customers” into a “hybrid-first” world, analyst Matt Cabral wrote to clients.
Investors have spent the last three months buying the idea that IBM (NYSE:IBM) is fundamentally changing and about to become a growth company again. Credit Red Hat (NYSE:RHT), the open source software company IBM is in the process of acquiring for $34 billion. Red Hat's December quarter had revenues growing almost 14%, year over year, and non-GAAP earnings growing at 26%.Source: Shutterstock IBM is expecting revenue of $18.65 billion when it reports April 16. In last year's first quarter IBM had revenue of $19 billion. In its most recent earnings call, Red Hat reported $879 million for the quarter.Red Hat will not, by itself, solve IBM's problems.InvestorPlace - Stock Market News, Stock Advice & Trading Tips IBM ExpectationsInvestors buy IBM stock for the bottom line, not the top line. * 5 Semiconductor Stocks to Buy ... If You Have a Strong Stomach IBM is expected to bring in almost $2 billion in earnings for the March quarter. IBM is also expected to announce a hike to its dividend.IBM has been shrinking for years, achieving growth through IBM stock buybacks. The current $1.57 dividend now yields 4.39%. But optimism over the coming Red Hat merger has sent the stock up 26% this year. Top-line gains have been priced-in before they appear.That's why our Luke Lango wrote "sell, sell, sell" in his earnings preview. IBM reports earnings tomorrow after market close. On a near-term basis, IBM is overbought. Other analysts agree. The IBM RealityIBM is trying to transform itself from an old-line tech company into a hot young tech company, but its marketing of that has gotten ahead of reality.For years IBM has been expanding its profits by laying off its most productive workers. It's caught up in an embarrassing age discrimination lawsuit. One-third of its workforce is now located in India.About half of IBM's revenue is still in withering areas like mainframes, not in the "strategic imperatives" of cloud and artificial intelligence it's touting to investors. Last year its highly advertised Watson AI unit had to lay off workers after getting ahead of itself.IBM CEO Ginni Rometty came up through marketing, like her predecessors going back 100 years. That marketing focus is at the heart of IBM's current dilemma. What IBM Stock Investors WantWhat the people piling into IBM want is an immediate transfusion of Red Hat growth into the old-line company. Replacing Rometty with Red Hat CEO Jim Whitehurst would send the stock higher, faster than any other move the company could make right now.But that's not going to happen. Red Hat has only been promised autonomy within IBM. That could turn out to be a "pie crust" promise, easily broken down the road.Red Hat has a technical corporate culture, an "open organization" with lots telecommuting engineers. IBM still has a marketing culture built around business suits and hierarchies. Red Hat is built around collaborating with customers and their technical staffs. IBM was built on telling companies what to do.Red Hat must convince its own employees, customers and investors that it's going to transform IBM. At this writing that process has not even begun. The Bottom Line for IBM StockIf IBM were to become a growth story again, the stock would zoom. IBM still has 43% more annual revenue than Facebook (NASDAQ:FB), which has more than three times its market cap.IBM has staked its future on becoming a cloud company. But in doing that, it is going head-to-head with Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), and Alphabet (NASDAQ:GOOGL), each at least 50% bigger by revenue, and each about 8 times bigger by market cap. * 7 Mid-Cap Stocks to Find the Market's Sweet Spot If you buy IBM today, you're betting the former "Big Blue" is about to become a scrappy underdog and win. That's a speculation, not an investment.Dana Blankenhorn http://www.danablankenhorn.com is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family https://www.amazon.com/Reluctant-Detective-Finds-Her-Family-ebook/dp/B07FSRDR4Y/, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in MSFT and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post IBM Stock Won't Rise as Fast as Investors Expect appeared first on InvestorPlace.
Cloud computing's crucial role in improving business productivity and profitability makes it a leading space for growth and substantial investments.
Credit Suisse initiated coverage of cloud providers and argued that IBM will become one of the best of the bunch after it closes its $34 billion acquisition of Red Hat.
Red Hat Inc NYSE:RHTView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for RHT with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding RHT are favorable, with net inflows of $11.00 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, but is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
With the fourth-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the first quarter. One of these stocks was Red Hat, Inc. (NYSE:RHT). Red Hat, Inc. (NYSE:RHT) was in […]
Red Hat Inc. (RHT) released its fourth-quarter financial results after the market closed on March 25. The quarterly profit was aided by lower income tax provisions as well as robust customer growth and steady demand from the company's hybrid cloud technology solutions. Warning! GuruFocus has detected 1 Warning Sign with PRTY.