International Business Machines Corporation (IBM)
| Market Cap | 159.35B |
| Revenue (ttm) | 62.07B |
| Net Income (ttm) | 8.18B |
| Shares Out | 918.60M |
| EPS (ttm) | 8.84 |
| PE Ratio | 19.62 |
| Forward PE | 17.29 |
| Dividend | $6.68 (3.85%) |
| Ex-Dividend Date | May 9, 2024 |
| Volume | 5,652,619 |
| Open | 169.94 |
| Previous Close | 169.92 |
| Day's Range | 169.94 - 174.97 |
| 52-Week Range | 125.01 - 199.18 |
| Beta | 0.75 |
| Analysts | Hold |
| Price Target | 177.14 (+2.12%) |
| 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 2.12% from the latest price.
News
IBM Strengthens AWS, Microsoft, Meta Ties, Updates on AI Push
International Business Machines (IBM) unveiled several artificial intelligence (AI) updates on Tuesday that could bolster the legacy computer maker's standing in the AI race and promote openness with ...
Nutanix and Red Hat Expand Collaboration to Power the Next-Generation of Virtualized and Cloud-Native Workloads
RALEIGH, N.C.--(BUSINESS WIRE)--Nutanix taps Red Hat Enterprise Linux as the operating system component of Nutanix Cloud Platform.
IBM and Salesforce Expand Partnership to Advance Open, Trusted AI and Data Ecosystems
IBM watsonx platform and IBM Granite series models will bring even more large language models to power generative AI use cases, pre-built actions, and prompts across the Salesforce Einstein 1 Platform...
IBM Expands watsonx Portfolio on AWS, Adds watsonx.governance to Help Clients Scale Responsible AI
ARMONK, N.Y. , May 21, 2024 /PRNewswire/ -- During the annual IBM Think conference, IBM (NYSE: IBM) announced it is working with Amazon Web Services (AWS) to make the full portfolio of IBM offerings w...
IBM makes more AI models open source and lands Saudi Arabia deal
International Business Machines on Tuesday said that it will release a family of artificial intelligence models as open-source software, and that it will help Saudi Arabia train an AI system in Arabic...
IBM Unveils Next Chapter of watsonx with Open Source, Product & Ecosystem Innovations to Drive Enterprise AI at Scale
Releases a family of IBM Granite models into open source, including its most capable and efficient Code LLMs that can out-perform larger code models on many industry benchmarks Jointly with Red Hat, l...
IBM CEO praises real open source for enterprise gen AI, new efforts emerge at Think 2024
IBM CEO explains why open source gen AI matters as Granite models get an Apache license and new AI assistants are announced at Think 2024.
GOOGL, AMZN, IBM: Important Recent A.I. Developments
What does the ChatGPT update mean for A.I. development?
Committee Stocks on the Move: Cisco, Deere, Target, Palo Alto and IBM
The Investment Committee discusses some of their stocks that are on the move.
IBM Study: As CEOs Race Towards Gen AI Adoption, Questions Around Workforce and Culture Persist
More than half of CEO respondents say they are pushing their organization to adopt gen AI more quickly than some employees are comfortable with Half of CEOs surveyed say they are hiring for gen AI-rel...
IBM to add 800 AI-related jobs in Ireland
IBM plans to hire up to 800 more people in Ireland to help build advanced software underpinned by AI technology, the biggest job announcement in the country's multinational sector this year, state inv...
Palo Alto Networks' CEO Nikesh Arora: Agreement with IBM 'far-reaching'
IBM CEO Arvind Krishna and Palo Alto Networks' CEO Nikesh Arora join 'Closing Bell Overtime' to discuss their recently announced partnership, how the two will collaborate on cybersecurity, how the par...
IBM and Palo Alto Networks are joining forces on AI, as cybersecurity threats get tougher
International Business Machines Corp. and cybersecurity firm Palo Alto Networks on Wednesday announced an expansive partnership under which both companies will work together to offer security services...
Palo Alto Networks and IBM partnering to monitor and manage cybersecurity threats
'Closing Bell Overtime' brings you breaking news on a partnership in the cybersecurity world.
Palo Alto Networks is buying security assets from IBM to expand customer base
Palo Alto Networks is buying IBM's QRadar as part of a bigger partnership between the two companies.
Palo Alto Networks and IBM to Jointly Provide AI-powered Security Offerings; IBM to Deliver Security Consulting Services Across Palo Alto Networks Security Platforms
News Summary: IBM to platformize internal security solutions with Palo Alto Networks; Palo Alto Networks will be its preferred cybersecurity partner across network, cloud and SOC Palo Alto Networks ...
IBM Expands Qiskit, World's Most Performant Quantum Software
Qiskit now refined as a comprehensive quantum software stack, focused on performance and stability to fully harness the power of utility-scale quantum hardware, and enable users to run increasingly mo...
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. (...
IBM, PLTR: Is Quantum Computing the Next Big Thing?
We're quietly going into the summer doldrums of trading, notes Steven E. Orr. He discusses trends to watch as summer trading approaches.
IBM Introduces New Microsoft Copilot Capabilities to Fuel AI-Powered Business Transformation
ARMONK, N.Y. , May 9, 2024 /PRNewswire/ -- IBM (NYSE: IBM) today announced the availability of IBM Copilot Runway, a new offering from IBM Consulting designed to help enterprises create, customize, de...
ServiceNow and IBM Collaborate to Accelerate the Impact of Generative AI Across the Enterprise
LAS VEGAS--(BUSINESS WIRE)--Knowledge 2024 – Today, at ServiceNow's annual customer and partner event, Knowledge 2024, ServiceNow (NYSE: NOW), the AI platform for business transformation, announced a ...
IBM and SAP Plan to Expand Collaboration to Help Clients Become Next-Generation Enterprises with Generative AI
New Value Generation partnership initiative focused on delivering greater client productivity and innovation with new generative AI capabilities and industry-specific cloud solutions ARMONK, N.Y. and ...
IBM A Top Socially Responsible Dividend Stock With 4.0% Yield
International Business Machines has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ''DividendRank'' statistics including a strong 4.0% ...
Cyemptive Technologies Names Former IBM and Hitachi Partner Executive and European Entrepreneurial Leader Wessel Graatsma as Vice President Cybersecurity Solutions Europe
SEATTLE--(BUSINESS WIRE)-- #antimalware--Cyemptive Names Former IBM/Hitachi Partner Executive, European Entrepreneurial Leader Wessel Graatsma Vice President Cybersecurity Solutions Europe.
Is Apple at Risk of Becoming the Next IBM?
Sixty-three years ago this month, the world's first supercomputer was born. In May of 1961, IBM introduced its Model 7030, also known as “Stretch.