Kyndryl Holdings, Inc. (KD)

NYSE: KD · IEX Real-Time Price · USD
27.36
-0.08 (-0.29%)
At close: May 24, 2024, 4:00 PM
27.40
+0.04 (0.15%)
Pre-market: May 28, 2024, 7:11 AM EDT
-0.29%
Market Cap 6.30B
Revenue (ttm) 16.46B
Net Income (ttm) -1.03B
Shares Out 230.10M
EPS (ttm) -4.54
PE Ratio n/a
Forward PE 758.95
Dividend n/a
Ex-Dividend Date n/a
Volume 1,355,081
Open 27.64
Previous Close 27.44
Day's Range 27.36 - 27.36
52-Week Range 11.92 - 28.60
Beta 1.64
Analysts Buy
Price Target 29.33 (+7.2%)
Earnings Date May 7, 2024

About KD

Kyndryl Holdings, Inc. operates as a technology services company and IT infrastructure services provider worldwide. The company offers cloud services; core enterprise and zCloud services; application, data, and artificial intelligence services; digital workplace services; security and resiliency services; and network services and edge services. It serves financial, communications, retail and travel, and automotive industries. The company was incorporated in 2020 and is headquartered in New York, New York. [Read more]

Sector Technology
Founded 2020
Employees 90,000
Stock Exchange NYSE
Ticker Symbol KD
Full Company Profile

Financial Performance

In 2022, KD's revenue was $17.03 billion, a decrease of -8.74% compared to the previous year's $18.66 billion. Losses were -$1.37 billion, -40.36% less than in 2021.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for KD stock is "Buy." The 12-month stock price forecast is $29.33, which is an increase of 7.20% from the latest price.

Price Target
$29.33
(7.20% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Kyndryl Teams With NVIDIA to Accelerate Adoption of Generative AI-enabled Solutions

NEW YORK , May 20, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest technology infrastructure services provider, today announced a collaboration with NVIDIA to accelerate the development, ...

7 days ago - PRNewsWire

Kyndryl expands AI and generative AI services and skills to accelerate mainframe modernization

5,000+ Kyndryl mainframe professionals are training to speed deployment of AI-enabled workloads in hybrid cloud environments NEW YORK , May 16, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's lar...

11 days ago - PRNewsWire

KYNDRYL TO SPEAK AT THE J.P. MORGAN GLOBAL TMT CONFERENCE ON MAY 21

NEW YORK , May 14, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today announced that Chairman and Chief Executive Officer Martin Sch...

13 days ago - PRNewsWire

Kyndryl acquires Seattle-based cloud migration company Skytap

New York-based IT infrastructure services giant Kyndryl announced Monday that it acquired Skytap, a Seattle-based company founded 17 years ago that sells cloud migration software.

14 days ago - GeekWire

Kyndryl Announces Portfolio Optimization Actions

Acquires privately held Skytap to accelerate hybrid cloud adoption and help customers modernize mission-critical infrastructure platforms  Announces definitive agreement to sell its Securities Industr...

14 days ago - PRNewsWire

KYNDRYL REPORTS FOURTH QUARTER AND FULL-YEAR 2024 RESULTS

Revenues for the quarter ended March 31, 2024 total $3.8 billion, pretax loss is $4 million, net loss is $45 million, adjusted EBITDA is $566 million, and adjusted pretax income is $30 million Fiscal ...

20 days ago - PRNewsWire

Kyndryl and Rubrik Announce Global Strategic Alliance to Offer Cyber Incident Recovery

Partnership and Kyndryl services with Rubrik provide customers with data protection to enhance cyber resilience NEW YORK , May 2, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infras...

Other symbols: RBRK
25 days ago - PRNewsWire

Kyndryl Bridge Drives Nearly $2 Billion in Annual Savings for Customers and Delivers Improved Mission-Critical IT Outcomes

The IT industry's first AI-powered open integration platform now has more than 1,200 onboarded customers and 190 service offerings, exceeding Company targets Kyndryl Bridge delivers more than 3 millio...

26 days ago - PRNewsWire

KYNDRYL TO RELEASE FOURTH QUARTER AND FULL-YEAR RESULTS ON MAY 7, 2024

Company will host earnings call on May 8, 2024 NEW YORK , April 29, 2024 /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today announced tha...

4 weeks ago - PRNewsWire

Honda Motor Europe Ltd. renews and expands IT partnership with Kyndryl

Kyndryl to modernize and manage the mission-critical systems for Honda's logistics operations with Kyndryl Bridge BRUSSELS , April 23, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT i...

5 weeks ago - PRNewsWire

Kyndryl expands collaboration with EY to optimize mission-critical auditing and consulting operations

Kyndryl to help enhance SAP® processes and bolster EY's security through Kyndryl Consult NEW YORK , April 10, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services pr...

6 weeks ago - PRNewsWire

Kyndryl and Cloudflare Announce Global Strategic Alliance to Drive Enterprise Network Transformation, Multi-Cloud Innovation, and Zero Trust Security

NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, and Cloudflare, Inc. (NYSE: NET), a leading connectivity cloud company, today an...

Other symbols: NET
2 months ago - Business Wire

11 nonprofits receive Kyndryl Foundation grants to advance cybersecurity skills and resilience

Kyndryl Foundation's inaugural grants aim to grow an inclusive cybersecurity workforce and make nonprofits more resilient from cyberattacks NEW YORK , March 19, 2024 /PRNewswire/ -- Kyndryl Foundation...

2 months ago - PRNewsWire

Kyndryl and Stellantis Announce Expanded Partnership

NEW YORK , March 4, 2024 /PRNewswire/ -- Kyndryl (NYSE:KD), the world's largest IT infrastructure services provider, today announced an expanded, multi-year agreement with Stellantis to manage and ope...

3 months ago - PRNewsWire

Kyndryl Named a Leader in IDC MarketScape for Worldwide Managed Public Cloud Services 2023

NEW YORK , Feb. 28, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest technology infrastructure services provider, today announced it has been named a Leader in the IDC MarketScape: Worldwi...

3 months ago - PRNewsWire

Kyndryl Launches Unified SIM to Deliver Integrated Global Connectivity

Service will streamline connectivity between public and private 5G networks to provide enhanced, 24/7 connectivity for Industry 4.0 and enterprises NEW YORK , Feb. 26, 2024 /PRNewswire/ --  Kyndryl  (...

3 months ago - PRNewsWire

Kyndryl Announces Global Alliance and Private 5G Network Service Collaboration with Hewlett Packard Enterprise

Alliance will provide managed edge-to-cloud and networking services to help customers transform their IT and accelerate digital initiatives NEW YORK , Feb. 26, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD),...

3 months ago - PRNewsWire

KYNDRYL TO SPEAK AT INVESTOR CONFERENCES HOSTED BY EVERCORE ISI AND MORGAN STANLEY

NEW YORK , Feb. 22, 2024  /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today announced that Chairman and Chief Executive Officer Martin S...

3 months ago - PRNewsWire

Kyndryl and Veeam Announce Global Strategic Alliance to Deliver Comprehensive Cyber Resiliency

Alliance provides customers with cyber resiliency services for improved business continuity, reduced costs and increased agility NEW YORK , Feb. 21, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world'...

3 months ago - PRNewsWire

Kyndryl Completes $500 Million Offering of Senior Notes, Its First Debt Issuance as an Independent Company

NEW YORK , Feb. 20, 2024  /PRNewswire/ -- Kyndryl Holdings, Inc. (NYSE: KD), the world's largest IT infrastructure services provider, today announced the completion of an offering of $500 million of 6...

3 months ago - PRNewsWire

Kyndryl Expands Partnership with Google Cloud to Deliver Enterprise-Ready Generative AI Solutions

Kyndryl's data expertise and end-to-end services combine with Google Cloud's AI technology to drive innovation  NEW YORK , Feb. 7, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infra...

3 months ago - PRNewsWire

Kyndryl teams up with Google Cloud on responsible generative AI

Kyndryl unveiled an extended collaboration with Google Cloud to spearhead the development of responsible generative AI solutions across industries.

3 months ago - VentureBeat

KYNDRYL REPORTS THIRD QUARTER FISCAL 2024 RESULTS AND RAISES ITS FULL-YEAR OUTLOOK

Strong execution on 'three-A's' strategy drives earnings growth Revenues for the quarter ended December 31, 2023 total $3.9 billion, pretax income is $53 million, and net loss is $12 million Adjusted ...

3 months ago - PRNewsWire

Kyndryl Introduces New Security Edge Services with Cisco

NEW YORK , Jan. 25, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest technology infrastructure services provider, today announced two new security edge services developed jointly with Cisc...

4 months ago - PRNewsWire

Kyndryl Unveils Workflow Orchestration Services to Automate and Modernize Business Processes

NEW YORK , Jan. 18, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced the availability of Kyndryl Workflow Orchestration services, a gen...

4 months ago - PRNewsWire