International Business Machines Corporation (IBM)
| Market Cap | 152.74B |
| Revenue (ttm) | 62.07B |
| Net Income (ttm) | 8.18B |
| Shares Out | 918.60M |
| EPS (ttm) | 8.84 |
| PE Ratio | 18.81 |
| Forward PE | 16.26 |
| Dividend | $6.68 (4.02%) |
| Ex-Dividend Date | May 9, 2024 |
| Volume | 4,259,652 |
| Open | 167.50 |
| Previous Close | 168.23 |
| Day's Range | 165.88 - 167.55 |
| 52-Week Range | 120.55 - 199.18 |
| Beta | 0.75 |
| Analysts | Hold |
| Price Target | 177.14 (+6.54%) |
| 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 6.54% from the latest price.
News
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.
IBM CEO talks AI and reinventing the company
IBM (IBM) like many other tech giants, have put considerable investments into AI. IBM Chairman and CEO Arvind Krishna spoke with Yahoo Finance's Brian Sozzi and Akiko Fujita at the Milken Global Insti...
ITW, XOM, IBM: Technical Trends & What to Watch
Industrials will perform well this year, notes Kenny Polcari. He and Rick Ducat discuss Illinois Tool Works (ITW), Exxon Mobil (XOM), and IBM (IBM) as today's big three stocks.
IBM CEO Arvind Krishna on revenue miss, consulting business and HashiCorp acquisition
IBM CEO Arvind Krishna joins 'Money Movers' to discuss the company's revenue miss, company outlook, and consulting business.
IBM CEO on Future of AI, Regulation
IBM Chairman and CEO Arvind Krishna says its artificial intelligence business is growing quickly. He says the book of business is already over $1 billion.
Exclusive: IBM brings its AI, data and automation software to AWS Marketplace in 92 countries
IBM expands software offerings on AWS Marketplace to 92 countries, joining forces with AWS to accelerate hybrid cloud and AI adoption among enterprises worldwide.
IBM wins reversal of $1.6 billion judgment to BMC over software contract
A federal appeals court on Tuesday overturned a judgment requiring IBM to pay rival BMC Software $1.6 billion, after a judge found IBM improperly replaced BMC's mainframe software at AT&T with its own...
IBM BOARD APPROVES INCREASE IN QUARTERLY CASH DIVIDEND FOR THE 29th CONSECUTIVE YEAR
ARMONK, N.Y. , April 30, 2024 /PRNewswire/ -- The IBM (NYSE: IBM) board of directors today declared an increase in the regular quarterly cash dividend to $1.67 per common share, payable June 10, 2024 ...
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. (...
The IBM-HashiCorp coupling could be more complicated than it seems
At a quick glance the IBM-HashiCorp deal seems like a good one for both sides, but upon closer inspection, perhaps not.
IBM, Government of Canada, Government of Quebec Sign Agreements to Strengthen Canada's Semiconductor Industry
Up to $187M CAD to be invested to progress expansion of chip packaging capacity and capabilities and to strengthen R&D at IBM Canada's Bromont plant BROMONT, QC , April 26, 2024 /PRNewswire/ -- IBM (N...
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...