IBM has added generative artificial intelligence (AI) capabilities to its managed threat detection and response services. Built on the company's watsonx data and AI platform, the new IBM Consulting Cybersecurity Assistant is designed to speed and improve the identification, investigation and response to critical security threats, IBM announced Monday (Aug. 5).
Amazon's AWS holds 31% of the global cloud computing market, making it a cornerstone of the AI industry. No other company comes close to matching IBM's massive volume of patented AI innovation.
IBM beat analyst estimates for revenue and earnings in the second quarter as software sales jumped. The consulting business was a mixed bag, but demand for generative AI services is booming.
IBM has now booked more than $2 billion worth of generative AI business. Most of that comes from consulting signings, with the rest coming from software.
Zacks.com users have recently been watching IBM (IBM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Examine the evolution of IBM's (IBM) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.
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The headline numbers for IBM (IBM) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
IBM has surged on generative AI hype, but the company still lacks significant growth to justify excitement over AI capabilities. Despite some positive trends in software growth, IBM's overall revenue growth remains stagnant, with concerns over a lack of investment in AI. The stock trades at 19x EPS targets and IBM isn't producing the type of growth to warrant this valuation.
IBM reported Q2 earnings of $2.43 per share, beating Wall Street's $2.20 estimate. Management raised their full-year free-cash-flow guidance to "greater than $12 billion.
IBM's Q2 earnings beat expectations, triggering a stock price rally. I expect the developments reported in Q2 to support further stock price advances. Top return drivers include growth potential for its software segment, robust profit metrics, and strong free cash generation.