IBM Earnings: Mixed Q1 Results Send Shares Lower
TipRanks (Wed, 24-Apr 4:48 PM ET)
IBM in charts: Software, infrastructure segments fall Q/Q while consulting ticks higher in Q1
Seeking Alpha News (Wed, 24-Apr 4:43 PM ET)
Earnings Summary: IBM beats on earnings, but reports soft revenue
Seeking Alpha News (Wed, 24-Apr 4:34 PM ET)
IBM stumbles as Q1 results miss expectations; confirms HashiCorp deal
Seeking Alpha News (Wed, 24-Apr 4:16 PM ET)
IBM Non-GAAP EPS of $1.68 beats by $0.09, revenue of $14.46B misses by $80M
Seeking Alpha News (Wed, 24-Apr 4:11 PM ET)
IBM RELEASES FIRST-QUARTER RESULTS
PRNewswire (Wed, 24-Apr 4:08 PM ET)
IBM to Acquire HashiCorp, Inc. Creating a Comprehensive End-to-End Hybrid Cloud Platform
PRNewswire (Wed, 24-Apr 4:07 PM ET)
HashiCorp gains after report IBM nearing $35 a share takeover
Seeking Alpha News (Wed, 24-Apr 12:53 PM ET)
HashiCorp gains after report IBM offering $35 a share in takeover
Seeking Alpha News (Wed, 24-Apr 12:53 PM ET)
Dividend Investing: Only 14 S&P stocks have a 3% yield and have climbed over 10% YTD
Seeking Alpha News (Wed, 24-Apr 11:51 AM ET)
IBM looks to be a part of every aspect of an enterprise's IT needs. The company primarily sells software, IT services, consulting, and hardware. IBM operates in 175 countries and employs approximately 350,000 people. The company has a robust roster of 80,000 business partners to service 5,200 clients—which includes 95% of all Fortune 500. While IBM is a B2B company, IBM's outward impact is substantial. For example, IBM manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world.
International Business Machines trades on the NYSE stock market under the symbol IBM.
As of April 24, 2024, IBM stock price climbed to $184.10 with 6,202,579 million shares trading.
IBM has a beta of 0.68, meaning it tends to be less sensitive to market movements. IBM has a correlation of 0.19 to the broad based SPY ETF.
IBM has a market cap of $168.77 billion. This is considered a Large Cap stock.
Last quarter International Business Machines reported $17 billion in Revenue and $3.87 earnings per share. This beat revenue expectation by $81 million and exceeded earnings estimates by $.09.
In the last 3 years, IBM stock traded as high as $199.18 and as low as $114.56.
The top ETF exchange traded funds that IBM belongs to (by Net Assets): RAYD, VTI, VOO, SPY, IVV.
IBM has outperformed the market in the last year with a return of +51.7%, while the SPY ETF gained +24.2%. In the last 3 month period, IBM beat the market returning +6.8%, while SPY returned +4.6%. However, in the most recent 2 weeks IBM has underperformed the stock market by returning -2.8%, while SPY returned -2.7%.
IBM support price is $179.91 and resistance is $184.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IBM stock will trade within this expected range on the day.