This cloud-computing leader may have more room to run.Shares of International Business Machines (IBM -0.29%) are trading at a record high amid a spectacular 68% rally over the past year. Some investors, seeing that performance, may assume the stock is now too expensive or overvalued.That thinking risks overlooking an ongoing transformation for this storied technology giant as it shifts its business away from legacy infrastructure hardware toward a software and hybrid cloud focus. This year, IBM is benefitin ...

Wall Street analysts expect IBM (IBM) to post quarterly earnings of $2.26 per share in its upcoming report, which indicates a year-over-year increase of 2.7%. Revenues are expected to be $15.15 billion, up 2.7% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company' ...

International Business Machines Corporation (IBM) is scheduled to report third-quarter 2024 earnings on Oct. 23. The Zacks Consensus Estimate for sales and earnings is pegged at $15.15 billion and $2.25 per share, respectively. Earnings estimates for IBM have improved from $10.10 per share to $10.11 for 2024 and from $10.51 per share to $10.59 for 2025 over the past 30 days.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.IBM Estimate TrendImage Source: Zacks Investment ResearchEarning ...

International Business Machines Corporation (IBM) recently announced the acquisition of Prescinto, a prominent provider of asset performance management software-as-a-service tailored for the renewable energy industry. Headquartered in Bangalore, India, Prescinto commenced its operation in 2016. Since then, the company’s operation has expanded across 14 countries with 16 Gigawatts of energy assets under its management.What Does the Acquisition Bring to the Table?With AI at the core, Prescinto’s cutting-edge ...

C-suite executives see generative AI as both a risk and an opportunityARMONK, N.Y., Oct. 16, 2024 /PRNewswire/ -- New research by IBM's (NYSE: IBM) Institute for Business Value identifies a disconnect between how insurers and their customers prioritize the use of generative AI, with industry executives focusing on experience while their clients are seeking personalized risk products and insights.Findings from a survey of 1,000 insurance c-suite executives in 23 countries and 4,700 insurance customers in nin ...

ARMONK, N.Y., Oct. 9, 2024 /PRNewswire/ -- IBM (NYSE: IBM) will hold its quarterly conference call to discuss its third-quarter 2024 financial results on Wednesday, October 23, 2024 at 5:00 p.m. ET. The live webcast of the earnings call can be accessed at www.ibm.com/investor.Please also visit the investor website for the earnings press release prior to the webcast. A replay, associated charts and prepared remarks will be available after the event.Media contact: Tim DavidsonIBM Corporate Communications[emai ...

Long-established in the Software industry, International Business Machines Corp (IBM, Financial) has enjoyed a stellar reputation. Recently, it has seen a daily gain of 0.12%, juxtaposed with a significant three-month change of 29.18%. However, fresh insights from the GF Score suggest potential headwinds. Notably, its diminished rankings in financial strength, growth, and valuation indicate that the company might not live up to its historical performance. Join us as we delve into these pivotal metrics to un ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

Expansion of IBM's utility-scale fleet of quantum computers in Ehningen, Germany is marked with ribbon-cutting by German Chancellor Olaf Scholz and industry leaders.New IBM quantum data center in Europe will soon include IBM Quantum Heron-based system with reduced error rates, 16 times better performance and a 25-fold increase in speed over 2022 IBM Quantum systems.European-based enterprises and research institutions including Crédit Mutuel, Bosch, E.ON, Volkswagen Group, and Ikerbasque are accessing IBM gl ...

IBM (IBM) closed at $221.08 in the latest trading session, marking a +0.11% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.42%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.38%.The technology and consulting company's stock has climbed by 9.26% in the past month, exceeding the Computer and Technology sector's gain of 1.78% and the S&P 500's gain of 2.06%.Investors will be eagerly watching for the performance o ...