International Business Machines Corporation (IBM)
| Market Cap | 176.14B |
| Revenue (ttm) | 62.07B |
| Net Income (ttm) | 8.18B |
| Shares Out | 918.60M |
| EPS (ttm) | 8.84 |
| PE Ratio | 21.69 |
| Forward PE | 19.30 |
| Dividend | $6.68 (3.48%) |
| Ex-Dividend Date | May 9, 2024 |
| Volume | 3,659,209 |
| Open | 190.51 |
| Previous Close | 191.98 |
| Day's Range | 189.62 - 193.57 |
| 52-Week Range | 135.87 - 199.18 |
| Beta | 0.71 |
| Analysts | Hold |
| Price Target | 183.86 (-4.11%) |
| Earnings Date | Jul 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 $183.86, which is a decrease of -4.11% from the latest price.
News
Stock Market Today: Dow Outperforms After IBM Earnings
Investors also parsed a strong reading on second-quarter GDP and a dismal decline in durable goods.
How IBM is Benefiting from the New A.I. Era
Joule Financial's Logan Gilland believes the legacy tech company is shining after its positive 2Q earnings report. He and Morningstar's Julie Bhusal Sharma look at how generative A.I.
IBM's AI Bookings To Drive Share Gains, Though 'Revenue Contribution Of AI Is Currently Small'
IBM IBM shares were climbing in early trading on Thursday after the company reported its second-quarter results.
What IBM's New Free Cash Flow Forecast Means for Investors
IBM stock is higher Thursday after the tech giant beat Q2 earnings expectations and raised its free cash flow guidance. Here's what you need to know.
Wall Street's mixed reactions to IBM's Q2 results: Keep holding or cash out?
International Business Machines Corp. (NYSE: IBM) unveiled its Q2 2024 earnings after markets closed for trade on Wednesday. The earnings surpassed Wall Street expectations, yet eliciting mixed reacti...
Cobalt Iron Expands Access to Secure Automated Backup With Compass for IBM Power Virtual Server
LAWRENCE, Kan.--(BUSINESS WIRE)--Cobalt Iron Inc., a leading provider of SaaS-based enterprise data protection, today announced that Secure Automated Backup with Compass®, a cloud backup-as-a-service ...
IBM logs a large earnings beat, sending its stock higher
‘We continue to see that clients turn to IBM for our technology and our expertise in enterprise AI,' CEO says.
Earnings Beat and AI Growth Lift IBM Stock
International Business Machines (IBM) beat analysts' expectations on the top and bottom lines with its second-quarter results Wednesday, sending shares higher in aftermarket trading as CEO Arvind Kris...
CMG, F, NOW, IBM: Instant Earnings Reaction
Ford (F) falls after posting a $1.1B hit in its E.V. business, while IBM (IBM) saw an earnings and revenue beat.
IBM shares jump on revenue and earnings beat
Nicole Webb, Wealth Enhancement Group SVP, joins 'Closing Bell Overtime' to talk IBM earnings.
IBM beats quarterly revenue estimates on software strength, AI demand
IBM beat analysts' estimates for second-quarter revenue on Wednesday, riding on strong demand for its software and higher AI-linked spending by clients looking to tap the booming technology, sending i...
IBM shares jump on earnings and revenue beat
IBM's revenue and adjusted earnings per share were higher than expected. The company is slightly more positive on full-year free cash flow.
IBM RELEASES SECOND-QUARTER RESULTS
Accelerated revenue growth led by Software; Raises full-year free cash flow expectation ARMONK, N.Y. , July 24, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today announced second-quarter 2024 earnings result...
IBM Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
International Business Machines Corporation IBM will release its fiscal third quarter 2024 financial results, after the closing bell on Wednesday, July 24.
IBM Reports Earnings Today. Its Strong Dividend Helps in ‘Cautious' IT Market.
Technology firm IBM could benefit from low expectations when it reports second-quarter earnings.
CORRECTING and REPLACING Waeg, An IBM Company, Achieves An 85% Reduction In Time To Invoice Customers with Kantata's Professional Services Cloud
IRVINE, Calif. & LONDON--(BUSINESS WIRE)--Please replace the release dated July 11, 2024 with the following corrected version due to multiple revisions. The updated release reads: WAEG, AN IBM COMPANY...
'Big Blue's' Big Day: IBM Eyes Bullish Gains With Upcoming Q2 Earnings Report
International Business Machines Corp IBM is reporting its second-quarter earnings on Wednesday. Wall Street expects $2.19 in EPS and $15.6 billion in revenues as the company reports after market hours...
New IBM SkillsBuild Cybersecurity Certificate and Data Analytics Certificates to be Deployed in Community College Systems across Alabama, California Bay Area, Colorado and Louisiana
Alabama Community College System, Bay Area Community College Consortium, Colorado Community College System, and Louisiana Community and Technical College System will offer students access through IBM ...
Technology stock charts of the week: IBM and ServiceNow
Technology stocks have come under pressure lately as the Nasdaq 100 index has dropped for five straight days, reaching its lowest point since June 24th. It has retreated by 5.57% from its highest leve...
Three-Stock Lunch: IBM, Coca-Cola and American Airlines
Nations Indexes founder Scott Nations joins 'Power Lunch' to discuss stock plays for three stocks.
Top 3 Tech Stocks You May Want To Dump This Quarter
As of July 18, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
IBM Wins Contract to Strengthen USAID Cybersecurity Response in Europe and Eurasia
Five-year contract with $26 million in initial funding focuses on developing effective cybersecurity systems, procedures, and technology solutions WASHINGTON , July 17, 2024 /PRNewswire/ -- IBM (NYSE...
Calls of the Day: Netflix, Disney, McDonald's and IBM
The Investment Committee discuss the latest Calls Of The Day
IBM Reports Earnings in a Week. One Analyst Says Buy Stock Now.
Evercore ISI analyst Amit Daryanani placed shares of software firm IBM on the firm's Tactical Outperform list.
York University's Digital Technologies program, Canada's first fully work-integrated degree, completes first year with 100 per cent student contract renewals and new IBM partnership
Toronto, July 16, 2024 (GLOBE NEWSWIRE) -- York University's Lassonde School of Engineering proudly announces the early success of its Digital Technologies BASc program, Canada's first fully work-inte...