International Business Machines Corporation (IBM)
| Market Cap | 154.85B |
| Revenue (ttm) | 61.86B |
| Net Income (ttm) | 7.50B |
| Shares Out | 916.75M |
| EPS (ttm) | 8.14 |
| PE Ratio | 20.75 |
| Forward PE | 16.61 |
| Dividend | $6.64 (3.93%) |
| Ex-Dividend Date | Feb 8, 2024 |
| Volume | 16,673,511 |
| Open | 168.20 |
| Previous Close | 184.10 |
| Day's Range | 165.66 - 172.45 |
| 52-Week Range | 120.55 - 199.18 |
| Beta | 0.71 |
| Analysts | Hold |
| Price Target | 175.85 (+4.11%) |
| 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 13 analysts, the average rating for IBM stock is "Hold." The 12-month stock price forecast is $175.85, which is an increase of 4.11% from the latest price.
News
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
IBM nears acquisition of HashiCorp: report
IBM Corp. IBM, +0.83% is closing in on acquiring cloud-software provider HashiCorp Inc. HCP, +24.40%, according to a report Tuesday in the Wall Street Journal. The deal, which could be reached in days...
IBM nearing a buyout deal for HashiCorp, WSJ reports
International Business Machines is nearing a deal to buy cloud software provider HashiCorp , the Wall Street Journal reported on Tuesday.
IBM Nears Deal for Cloud-Software Provider
Takeover could value HashiCorp at a premium to its market value of $4.9 billion.
IBM stock price forecast and earnings preview: buy, sell, hold?
IBM (NYSE: IBM) stock price has pulled back sharply in the past few weeks as the recent bull run fades. It has retreated in the past four straight weeks and moved to its lowest point since February 20...
Stocks This Week: Sell IBM Short And Buy Xerox
The current market correction is due for a short bounce to the upside. The rally is likely to be an oversold bounce into May.