International Business Machines Corporation (IBM)
| Market Cap | 152.22B |
| Revenue (ttm) | 62.07B |
| Net Income (ttm) | 8.18B |
| Shares Out | 918.60M |
| EPS (ttm) | 8.84 |
| PE Ratio | 18.75 |
| Forward PE | 16.21 |
| Dividend | $6.68 (4.03%) |
| Ex-Dividend Date | May 9, 2024 |
| Volume | 3,194,328 |
| Open | 165.00 |
| Previous Close | 164.69 |
| Day's Range | 164.92 - 166.61 |
| 52-Week Range | 120.55 - 199.18 |
| Beta | 0.71 |
| Analysts | Hold |
| Price Target | 177.14 (+6.9%) |
| Earnings Date | Apr 24, 2024 |
About IBM
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on skills integration for strategy, experience, technology, and operations by domain and industry.... [Read more]
Financial Performance
In 2023, IBM's revenue was $61.86 billion, an increase of 2.20% compared to the previous year's $60.53 billion. Earnings were $7.50 billion, an increase of 357.72%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for IBM stock is "Hold." The 12-month stock price forecast is $177.14, which is an increase of 6.90% from the latest price.
News
IBM wins reversal of $1.6 billion judgment to BMC over software contract
A federal appeals court on Tuesday overturned a judgment requiring IBM to pay rival BMC Software $1.6 billion, after a judge found IBM improperly replaced BMC's mainframe software at AT&T with its own...
IBM BOARD APPROVES INCREASE IN QUARTERLY CASH DIVIDEND FOR THE 29th CONSECUTIVE YEAR
ARMONK, N.Y. , April 30, 2024 /PRNewswire/ -- The IBM (NYSE: IBM) board of directors today declared an increase in the regular quarterly cash dividend to $1.67 per common share, payable June 10, 2024 ...
HASHICORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of HashiCorp Inc. - HCP
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of HashiCorp Inc. (...
The IBM-HashiCorp coupling could be more complicated than it seems
At a quick glance the IBM-HashiCorp deal seems like a good one for both sides, but upon closer inspection, perhaps not.
IBM, Government of Canada, Government of Quebec Sign Agreements to Strengthen Canada's Semiconductor Industry
Up to $187M CAD to be invested to progress expansion of chip packaging capacity and capabilities and to strengthen R&D at IBM Canada's Bromont plant BROMONT, QC , April 26, 2024 /PRNewswire/ -- IBM (N...
Cramer's Mad Dash: IBM
CNBC's Jim Cramer delivers his daily Mad Dash.
IBM Transforms the Storage Ownership Experience with IBM Storage Assurance
New program increases the lifetime of storage investments with purchase protection and flexibility New IBM Flash Grid technology simplifies storage management ARMONK, N.Y. , April 25, 2024 /PRNewswire...
IBM falls as enterprise-spending constraints choke consulting demand
Shares of International Business Machines fell more than 8% in premarket trading on Thursday, as its consulting business faces pressure from enterprises tightening their budgets to cope with an uncert...
Amazon, Meta, IBM, Super Micro, and Other Tech Stocks in Focus Today
Disappointing corporate earnings are putting the sector under pressure early Thursday.
IBM Stock Drops After Confirming $6.4B HashiCorp Acquisition, Posting Q1 Revenue Miss
Shares in IBM (IBM) plunged more than 8% in extended trading Wednesday after the computing and consulting giant confirmed it will acquire cloud software maker HashiCorp (HCP) for $6.4 billion and post...
IBM Q1 earnings: software revenue up as AI fruits begin to materialize
International Business Machines Corporation (NYSE: IBM) published its Q1 financial outcomes on Wednesday after market close. The company's revenue came at $14.46, slightly lower than the predicted $14...
IBM shares falling after quarterly revenue comes in lighter-than-expected
Amit Daryanani, Evercore ISI Sr. Managing Director, joins 'Closing Bell Overtime' to talk IBM quarterly results.
IBM moves deeper into hybrid cloud management with $6.4B HashiCorp acquisition
IBM wisely gravitated away from trying to be a pure cloud infrastructure vendor years ago, recognizing that it could never compete with the big three – Amazon, Microsoft and Google. It has since moved...
IBM's stock drops as company plans to buy HashiCorp in $6.4 billion deal
International Business Machines Corp. came up a hair short with its revenue for the latest quarter, while announcing its intent to acquire infrastructure-automation company HashiCorp Inc. in a $6.4 bi...
IBM to buy HashiCorp in $6.4 billion deal to expand cloud software
International Business Machines will buy HashiCorp in a deal valued at $6.4 billion, the company said on Wednesday, expanding its cloud-based software products to tap into an AI-powered boom in demand...
IBM to Buy HashiCorp in $6.4 Billion Deal
IBM will pay $35 a share for the cloud-software company in cash, giving the company access to HashiCorp's roster of some 4,400 clients.
IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss
IBM said it would buy HashiCorp, a cloud software maker that's growing at a faster pace. IBM reported its third revenue miss in five quarters.
IBM Is Buying HashiCorp For $6.4B. Earnings Top Estimates.
The company touted strong AI momentum.
IBM RELEASES FIRST-QUARTER RESULTS
Accelerated Software revenue growth; Strong gross margin expansion and cash generation Announces strategic acquisition of HashiCorp, Inc. ARMONK, N.Y. , April 24, 2024 /PRNewswire/ -- IBM (NYSE: IBM)...
IBM to Acquire HashiCorp, Inc. Creating a Comprehensive End-to-End Hybrid Cloud Platform
$6.4 billion acquisition adds suite of leading hybrid and multi-cloud lifecycle management products to help clients grappling with today's AI-driven application growth and complexity HashiCorp's capab...
IBM Is Not Growing Much, Will A.I. Help?
Is IBM an A.I. infrastructure stock?
Cisco Systems joins Microsoft, IBM in Vatican pledge to ensure ethical use and development of AI
Tech giant Cisco Systems on Wednesday joined Microsoft and IBM in signing onto a Vatican-sponsored pledge to ensure artificial intelligence is developed and used ethically and to benefit the common go...
IBM is a 'cash cow', says G Squared's Victoria Greene ahead of earnings
Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m.
HashiCorp Shares Spike on Report IBM May Bid on It
Shares of the cloud software company jumped 29% on the report, giving it a market capitalization of about $6 billion.
HashiCorp shares spike on report that IBM is in talks to buy the cloud software maker
HashiCorp shares spike on report that IBM is in talks to buy the cloud software maker