Kyndryl on Monday missed Wall Street estimates for third-quarter revenue, as strong AI-linked sales were offset by a strong dollar and the IT services provider's shedding of lower-margin deals.
Kyndryl Holdings, Inc. (KD) closed at $37.71 in the latest trading session, marking a -1.75% move from the prior day.
In the most recent trading session, Kyndryl Holdings, Inc. (KD) closed at $38.42, indicating a +1.29% shift from the previous trading day.
In the latest trading session, Kyndryl Holdings, Inc. (KD) closed at $38.92, marking a -0.54% move from the previous day.
In the closing of the recent trading day, Kyndryl Holdings, Inc. (KD) stood at $37.72, denoting a -0.34% change from the preceding trading day.
In the most recent trading session, Kyndryl Holdings, Inc. (KD) closed at $34.99, indicating a +1.69% shift from the previous trading day.
Kyndryl Holdings, Inc. (KD) closed at $34.41 in the latest trading session, marking a -0.29% move from the prior day.
Kyndryl Holdings, Inc. (KD) concluded the recent trading session at $35.39, signifying a -0.78% move from its prior day's close.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Kyndryl Holdings, Inc. (KD) reachead $35.79 at the closing of the latest trading day, reflecting a +1.91% change compared to its last close.
Kyndryl Holdings (KD) is strategically improving its business mix, exiting low-margin contracts, and signing high-value deals to drive long-term growth and margin improvements. Significant improvements in EBITDA, gross, and operating margins highlight the success of its strategic initiatives. The company's consulting and hyperscaler businesses, fueled by strong secular tailwinds in AI, cloud, and cybersecurity trends, are growing rapidly.
CNBC's Jim Cramer explains why he is keeping an eye on shares of KD.