Louis Gerstner, the former CEO and chairman of IBM , died on Saturday, aged 83.
IBM (IBM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Recently, Zacks.com users have been paying close attention to IBM (IBM). This makes it worthwhile to examine what the stock has in store.
IBM (IBM) reached $303.18 at the closing of the latest trading day, reflecting a -1.78% change compared to its last close.
IBM (IBM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
IBM's rising Software strength, fueled by Automation and Hybrid Cloud growth, drives momentum as demand for AI and data integration accelerates.
International Business Machines is a global IT leader, refocused on software, hybrid cloud, AI, and quantum computing. IBM delivered strong Q3 2025 results, with revenue up 7% in constant currency and adjusted EPS up 15%, but valuation is now elevated. IBM's robust dividend safety, Dividend Aristocrat status, and solid balance sheet are attractive, though dividend growth remains slow and share count is rising.
IBM said on Monday (Dec. 8) it plans to acquire Confluent for about $11 billion in cash for the real-time data streaming company in one of its largest acquisitions in the recent years. The transaction is expected to close by mid-2026, pending shareholder and regulatory approval.
IBM's reported $11 billion move for Confluent aims to strengthen its real-time data capabilities and expand its cloud-native services footprint.
International Business Machines Corp (NYSE:IBM) said on Monday it has agreed to acquire Confluent Inc, a data streaming platform used by clients including Anthropic, Amazon Web Services and Google, in an all-cash deal valued at $11 billion. Confluent, which focuses on connecting, processing, and managing reusable data for AI deployments, will continue operating as a standalone business under IBM.
IBM is buying data infrastructure company Confluent for $11 billion in cash in a bid to bolster its data and automation products as ever more companies move their tech operations to the cloud and deploy AI technology.
IBM announced it would buy data streaming firm Confluent for $11 billion, the companies said in a statement on Monday morning, marking a major acquisition as the legacy tech company pushes to expand its AI business.