Why is IBM stock trading lower Thursday?
Oct 21, 2021 · What happened Shares of IBM (NYSE: IBM) fell 9.5% on Thursday after the global technology company's third-quarter results came up short of investors' expectations. Why IBM Stock Plunged Today | Nasdaq
Why did IBM's earnings fall 56%?
Jan 23, 2021 · So what. IBM's revenue declined by 6% year over year to $20.4 billion. That was slightly below the nearly $20.7 billion Wall Street had expected. IBM is streamlining its business to focus more on ...
What is IBM's price action over the last 52-week period?
Jan 22, 2021 · IBM's stock fell sharply on Friday. Image source: Getty Images. Moreover, IBM's adjusted operating earnings fell 56% to $2.07, largely due to …
What did IBM do in the first quarter?
Why did IBM go down today?
International Business Machines Corp (NYSE: IBM) is trading lower Thursday after the company announced worse-than-expected third-quarter revenue results. IBM reported quarterly earnings of $2.52 per share, which beat the estimate of $2.50 per share.Oct 21, 2021
Is IBM stock a buy right now?
IBM stock is presently not a buy. Like most tech stocks, the IBM chart is messy. The encouraging news is that IBM stock is trading above its 50-day moving average and is positioned right at the 200-day line.Feb 1, 2022
Will IBM stock rise?
Vogt said he believes the market, which is “underwriting” IBM forecast growth “despite a history of execution issues,” is pricing 2022 and 2023 earnings-per-share estimates 10% higher than his own. The Street, on average, expects earnings of $10.94 a share in 2022 and $11.78 a share in 2023, according to FactSet data.Jan 11, 2022
What is IBM stock future?
Stock Price Forecast The 17 analysts offering 12-month price forecasts for International Business Machines Corp have a median target of 145.00, with a high estimate of 185.00 and a low estimate of 115.00. The median estimate represents a +15.31% increase from the last price of 125.75.
Is IBM a good investment?
With this free cash flow, IBM can maintain its dividend, currently yielding an impressive 4.9% at the time of this writing. The company's Q4 results reveal Big Blue is capable of achieving its forecasts. With its multi-year transformation complete and revenue growth ahead, now is a good time to invest in the new IBM.Feb 5, 2022
Is JNJ a buy Zacks?
The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows
Is IBM undervalued?
Metrics Analysis IBM is currently trading at a poor value due to investors paying more than what the stock is worth in relation to its earnings. IBM's trailing-12-month earnings per share (EPS) of 5.93 does not justify its share price in the market.Oct 22, 2021
How is IBM doing financially?
IBM ended the year with $7.6 billion in cash and marketable securities, with debt of $51.7 billion, down $9.6 billion since the end of 2020. The company has reduced debt by more than $21 billion since completing the Red Hat acquisition in 2019.Jan 25, 2022
Who owns IBM today?
IBM primarily generates revenue today through its five segments: Cloud & Cognitive Software; Global Business Services; Global Technology Services; Systems; and Global Financing. The top shareholders of IBM are James Whitehurst, Arvind Krishna, James Kavanaugh, Vanguard Group Inc., BlackRock Inc., and State Street Corp.
What is the target price for IBM stock?
Stock Price Target IBMHigh$185.00Median$145.00Low$115.00Average$146.41Current Price$125.98
When did IBM go public?
International Business Machines (IBM) has been a publicly traded company since being incorporated as the Computing Tabulating Recording Company in 1911. Since then, the company has experienced phenomenal growth. IBM's stock has regularly split and paid healthy dividends since 1913.
Does IBM still exist?
It currently operates through five business segments: Cloud & Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing. Below, we take a closer look at six of IBM's more recent acquisitions, all of which have taken place within the past 20 years.
What happened
So what
Shares of IBM (NYSE: IBM) fell 9.9% on Friday, following the release of the tech giant's fourth-quarter results.
Now what
IBM's revenue declined by 6% year over year to $20.4 billion. That was slightly below the nearly $20.7 billion Wall Street had expected.
Who is the CEO of IBM?
IBM CEO Arvind Krishna is asking investors to remain patient as IBM executes its turnaround strategy, but the company's lackluster cloud growth is making it more difficult for shareholders to remain optimistic. Many decided to sell their shares on Friday rather than continue to wait for IBM's growth to rebound.
How much did IBM lose in 2020?
IBM CEO Arvind Krishna is asking investors to remain patient as IBM executes its turnaround strategy, but the company's lackluster cloud growth is making it more difficult for shareholders to remain optimistic. Many decided to sell their shares on Friday rather than continue to wait for IBM's growth to rebound.
Who is John Mackey?
The company did, however, continue to crank out cash. IBM's 2020 full-year free cash flow checked in at $10.8 billion.
Who is Teresa Kersten?
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.
