International Business Machines Corporation (IBM)
| Market Cap | 162.87B |
| Revenue (ttm) | 62.07B |
| Net Income (ttm) | 8.18B |
| Shares Out | 918.60M |
| EPS (ttm) | 8.84 |
| PE Ratio | 20.06 |
| Forward PE | 17.85 |
| Dividend | $6.68 (3.77%) |
| Ex-Dividend Date | May 9, 2024 |
| Volume | 2,877,176 |
| Open | 174.84 |
| Previous Close | 175.10 |
| Day's Range | 174.32 - 177.49 |
| 52-Week Range | 131.55 - 199.18 |
| Beta | 0.72 |
| Analysts | Hold |
| Price Target | 178.67 (+0.77%) |
| Earnings Date | Jul 17, 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 15 analysts, the average rating for IBM stock is "Hold." The 12-month stock price forecast is $178.67, which is an increase of 0.77% from the latest price.
News
Wall Street's Most Accurate Analysts Weigh In On 3 Tech Stocks With Over 3% Dividend Yields
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash ...
HCLTech and IBM announce GenAI Center of Excellence to support clients with customized AI solutions
ARMONK, N.Y. & NOIDA, India--(BUSINESS WIRE)-- #AI--HCLTech and IBM today announced a new collaboration to establish a Generative AI Center of Excellence based on the IBM watsonx™ AI and data platform...
IBM Consulting and Microsoft Collaborate to Help Clients Modernize Security Operations and Protect Against Cloud Identity Threats
ARMONK, N.Y. , July 1, 2024 /PRNewswire/ -- IBM (NYSE: IBM) and Microsoft announce strengthened cybersecurity collaboration to help clients simplify and modernize their security operations, and mana...
IBM Completes Acquisition of StreamSets and webMethods, Bolstering its Automation, Data and AI Portfolios
ARMONK, N.Y. , July 1, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today announced it has completed its acquisition of StreamSets and webMethods from Software AG after receiving all required regulatory ap...
Avatier Delivers Workforce-Driven Identity Management for IBM Z
PLEASANTON, Calif., July 01, 2024 (GLOBE NEWSWIRE) -- Avatier, a leading provider of identity management solutions, proudly announces its integration of the IBM z/OS Security Server (Resource Access C...
Crédit Mutuel Alliance Fédérale accelerates deployment of generative AI in collaboration with IBM
STRASBOURG, France and ARMONK, N.Y., June 27, 2024 /PRNewswire/ -- Crédit Mutuel Alliance Fédérale, a pioneer in the adoption of Artificial Intelligence (AI) since 2016, invests in cutting-edge techno...
IBM Study: Fan Engagement and Consumption of Sports Shifting, Reveals New Opportunities for Technology Integrations including AI
International sports fans surveyed are optimistic about the impact of technologies like AI on their digital sports experiences. Real-time updates and personalized content rank as top priorities for fa...
Abcuro Completes Enrollment of Registrational Phase 2/3 MUSCLE Clinical Trial of Ulviprubart for the Treatment of Inclusion Body Myositis
NEWTON, Mass.--(BUSINESS WIRE)--Abcuro, Inc., a clinical-stage biotechnology company developing therapies for the treatment of autoimmune diseases and cancer through precise modulation of cytotoxic T ...
IBM Could Grow Market Share as AI Investments Pay Off, Goldman Sachs Says
IBM (IBM) shares gained 1.5% Monday after Goldman Sachs analysts initiated coverage with a "buy" rating, citing the software, hardware, and services company's efforts to move toward long-term growth a...
Bearish on NVDA & Bullish on TDOC, IBM
Nvidia (NVDA) is down 15% since hitting an all-time high last Thursday, Teladoc (TDOC) fell to 8-year lows last Thursday, and IBM (IBM) is up 35% year-over-year. Tom White discusses these stocks and d...
Why Goldman Sachs Is Bullish On IBM
International Business Machines Corp IBM shares are trading higher after Goldman Sachs analyst James Schneider initiated coverage with a Buy rating and announced a price target of $200.
IBM, CRM, FCX: Importance of Data Infrastructure to A.I.
Data infrastructure is the largest and fastest growing subsector of software, notes Jessica Inskip on IBM (IBM). She and Ben Lichtenstein discuss IBM, Salesforce (CRM), and Freeport-McMoRan (FCX), as ...
BUD's Cashflow Inflection, IBM's Revenue Growth, SQ's “Rule of 40”
Anheuser-Busch Inbev (BUD) is “at the cusp of a significant free cashflow inflection,” according to UBS. Jenny Horne and Kevin Green discuss this stock, along with IBM (IBM) and Block (SQ).
IBM Stock Rallies as Goldman Sees Sustained Growth Ahead
Analyst James Schneider picked up coverage with a Buy rating and $200 price target, about 16% above Friday's closing level.
With Robust AI Prospects Is IBM A Better Pick Over Merck Stock Within The Dow Index?
We believe that the computing behemoth IBM (NYSE: IBM) is currently a better pick over the pharmaceuticals giant Merck (NYSE: MRK). The decision to invest often comes down to finding the best stocks w...
Red state sues tech giant IBM over diversity ‘quotas'
The state of Missouri has filed a lawsuit against the technology giant, International Business Machines Corporation (IBM), for unlawful practices in allegedly requiring racial and gender quotas in its...
WPP and IBM Team Up to Revolutionize Business-to-Business Marketing with Generative AI
WPP Open for B2B is powered by IBM's watsonx AI and data platform to solve complex B2B marketing challenges IBM is the first user of the platform to accelerate its AI-driven marketing and communicat...
McDonald's will end AI drive-through partnership with IBM
McDonald's (MCD) will put an end to its AI drive-thru partnership with IBM (IBM) in late July as many customer complaints over botched orders began to mount. The fast-food chain does have plans to con...
McDonald's is ending its test run of AI-powered drive-thrus with IBM
Ever get your McDonald's order mixed up at an AI-powered drive-thru? The experiment behind the fast food giant's current automated order taker will soon be coming to a close.
Vehicle Analytics Market Report 2024: Analysis and Forecast (2014-2030) Featuring Profiles of 42 Competitors Including Agnik, IBM, Motionloft and Teletrac Navman
Dublin, June 18, 2024 (GLOBE NEWSWIRE) -- The "Vehicle Analytics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for Vehicle Analytics...
Telefónica Tech and IBM Sign a New Collaboration Agreement to Drive the Development of AI, Analytics and Data Management Solutions for Enterprises
The two companies will deploy SHARK.X, an open, hybrid and multi-cloud hardware and software platform specialized in analytics, data management and AI Telefónica Tech and IBM will create a use case of...
McDonald's to end AI drive-thru test with IBM
McDonald's is ending a test run of AI drive-thru with IBM in more than 100 restaurants. The technology will be shut off no later than July 26, according to a memo sent to franchisees late last week, o...
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 , June 14, 2024 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.
Converge Technology Solutions Announces Contact Center IQ Built on IBM watsonx
TORONTO and GATINEAU, QC, June 11, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) is pleased to announce the launch of its newest solution – Contact C...