IBM appears to be treading in the middle of the road and new investors could be better off if they trade with caution.
When IBM reported their Q3 '24 financial results, it had a nice run into the earnings release, trading above its previous April 2013 all-time high of $213-215 per share. While IBM's 2024 EPS estimates were revised higher after the 10/23 earnings report, the negative revisions for 2025 and 2026 were not good to see. IBM's software unit had solid results for Q3 '24, with revenue of +9.5% in the quarter.
These tech stocks remain cheap despite recent stock-price growth.
Examine the evolution of IBM's (IBM) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.
IBM (IBM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
International Business Machines Corporation NYSE: IBM shares have been having one of their most exciting years in a long, long time. After a lengthy stretch of mostly sideways movement from 2015 through last summer, the stock finally broke out and started heading north.
Could Big Blue catch up and join the trillion-dollar winner's circle in a decade?
IBM Guardium Data Security Center delivers unified SaaS-based data security to protect hybrid cloud environments and enhance AI security.
Strong software sales and demand for AI services offset consulting weakness and an infrastructure slump.
What's in store for IBM's dividends in 2025? Here's how Big Blue's financial trends and payout policies might affect your portfolio.
Stifel's Ron Kruszewski, joins 'Power Lunch' to discuss to stock plays for three stocks.
On October 24, Morgan Stanley reiterated its ‘Equal-weight' rating on IBM but revised the price target downward to $208 from $217. This adjustment reflects concerns over the company's mixed third-quarter performance, where the revenue of $14.97 billion came in below their $15 billion estimate, primarily due to weak Consulting and Infrastructure segments.