International Business Machines Corporation provides integrated solutions and services worldwide. Its Cloud & Cognitive Software segment offers software for vertical and domain-specific solutions in various application areas; and customer information control system and storage, and analytics and integration software solutions to support client mission on-premise workloads in banking, airline, and retail industries. It also offers middleware and data platform software, including Red Hat that enables the operation of clients' hybrid multi-cloud environments; and Cloud Paks, WebSphere distributed, and analytics platform software, such as DB2 distributed, information integration, and enterprise content management, as well as IoT, Blockchain and AI/Watson platforms. The company's Global Business Services segment offers business consulting services; system integration, application management, maintenance, and support services for packaged software; and finance, procurement, talent and engagement, and industry-specific business process outsourcing services. Its Global Technology Services segment provides IT infrastructure and platform services; and project, managed, outsourcing, and cloud-delivered services for enterprise IT infrastructure environments; and IT infrastructure support services. The company's Systems segment offers servers for businesses, cloud service providers, and scientific computing organizations; data storage products and solutions; and z/OS, an enterprise operating system, as well as Linux. Its Global Financing segment provides lease, installment payment, loan financing, short-term working capital financing, and remanufacturing and remarketing services. The company has a collaboration alliance with GK Software SE to enhance retail innovation and customer omnichannel experience with hybrid cloud technology. The company was formerly known as Computing-Tabulating-Recording Co. The company was incorporated in 1911 and is headquartered in Armonk, New York.
IPO Year:
Exchange: NYSE
Website: ibm.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/2/2024 | $215.00 | Buy → Hold | DZ Bank |
6/24/2024 | $200.00 | Buy | Goldman |
5/2/2024 | $145.00 | Underperform | Exane BNP Paribas |
1/19/2024 | $165.00 → $200.00 | In-line → Outperform | Evercore ISI |
1/5/2024 | $180.00 | Hold | Jefferies |
1/5/2024 | $143.00 | Hold → Sell | Societe Generale |
12/5/2023 | $155.00 → $170.00 | Buy | BofA Securities |
9/20/2023 | $188.00 | Outperform | RBC Capital Mkts |
7/17/2023 | $145.00 → $150.00 | Market Perform | BMO Capital Markets |
7/7/2023 | $145.00 | Neutral | JP Morgan |
Latest IBM Quantum system, powered by an IBM Quantum Heron processor, achieves reduced error rates at 16 times better performance, and 25-fold increase in speed over 2022 IBM Quantum systems.(1) IBM completes installation of second IBM Heron, its most performant quantum processor to date, now available to clients globally. Company announces all quantum systems in Poughkeepsie and globally can operate at utility-scale, beyond brute-force simulation capabilities of classical computers. POUGHKEEPSIE, N.Y., Sept. 26, 2024 /PRNewswire/ -- IBM (NYSE:IBM) announced today the completion of its latest expansion of the IBM Quantum Data Center in Poughkeepsie, New York, which operates the highest numb
New AI foundation model offers insights beyond forecasting for scientists, developers, and businesses to better understand and analyze weather and climate data YORKTOWN HEIGHTS, N.Y., Sept. 23, 2024 /PRNewswire/ -- IBM (NYSE:IBM) today announced a new AI foundation model for a variety of weather and climate use cases, available in open-source to the scientific, developer, and business communities. Developed by IBM and NASA, with contributions from Oak Ridge National Laboratory, the model offers a flexible, scalable way to address a variety of challenges related to short-term weather as well as long-term climate projection.
New locations in Bucharest, Romania, Buffalo, New York, and Leicester, UK, aim to help clients explore opportunities in generative AI, hybrid cloud and other Microsoft technologies to transform their business ARMONK, N.Y., Sept. 19, 2024 /PRNewswire/ -- Today, IBM (NYSE:IBM) and Microsoft announced the official opening of three new IBM-Microsoft Experience Zones within IBM's Client Innovation Centers. These Experience Zones are designed to help global clients across industries, such as financial services, government, healthcare, industrial, manufacturing and consumer packed goods (CPG), find new ways to derive value from generative AI, hybrid cloud and other Microsoft products and technologi
ARMONK, N.Y., Sept. 18, 2024 /PRNewswire/ -- New findings from IBM's (NYSE:IBM) Institute for Business Value and the Banking Industry Architecture Network (BIAN), with contributions from the SME Finance Forum managed by the International Finance Corporation (IFC), revealed that despite the significant role small to medium-sized enterprise (SME) plays in the global economy, banks may be missing an opportunity to foster growth in this market due to their focus on reducing risks, meeting regulatory requirements, and the substantial costs of serving this highly diverse client segment.
UNDP and IBM developed two new interactive models for UNDP's Data Futures Exchange's GeoHub: the AI model Electricity Access Forecasting and the statistical geospatial model Clean Energy Equity Index.The organizations collaborated through the IBM Sustainability Accelerator program using technologies such as IBM watsonx, IBM Cloud and IBM Environmental Intelligence.The new models will be made available for free to the general public through UNDP's GeoHub dashboards, helping users access data and insights to interpret complex clean energy challenges and opportunities.ARMONK, N.Y., Sept. 17, 2024 /PRNewswire/ -- IBM (NYSE:IBM) and United Nations Development Programme (UNDP) today launched new i
Century Park Capital Partners ("Century Park") is pleased to announce that International Business Machines Corporation ("IBM") (NYSE:IBM) has entered into a definitive agreement to acquire its portfolio company, Accelalpha, Inc. ("Accelalpha"). The transaction is expected to close in Q4 2024, subject to customary closing conditions and regulatory approvals. Financial details of the transaction were not disclosed. Accelalpha is a leading global provider of Oracle Fusion Cloud Applications consulting, implementation and managed services. Its highly skilled team serves clients across North America, Europe, Asia, the Middle East and South America, with a focus on distribution, industrial and f
Expanded network of consulting experts will help clients maximize generative AI investments, optimize compute and implementation costs ARMONK, N.Y., Sept. 10, 2024 /PRNewswire/ -- Today, IBM (NYSE:IBM) announced it has expanded its consulting services and solutions to help clients derive greater value from Oracle's cloud applications and technology and extend generative AI with an open, orchestrated approach. The average cost of compute spend is expected to increase by 89% between 2023 and 2025, according to new research from the IBM Institute for Business Value. In addition,
-IBM Granite puts generative AI to work for fantasy football users, offering more detailed reasoning around players' assigned waiver grades and trade grades -New IBM and Morning Consult survey finds that fantasy football users are turning to AI to enhance digital performance and experience in fantasy leagues ARMONK, N.Y., Sept. 10, 2024 /PRNewswire/ -- IBM (NYSE:IBM) and ESPN are unveiling enhancements to the ESPN Fantasy app – powered by generative AI technologies from IBM's AI and data platform, watsonx – designed to deliver a more customized and engaging digital experience for more than 12 million fantasy football users. The announcement comes as new research commissioned by IBM and condu
Accelalpha's supply chain, logistics, finance, EPM and CX-CPQ skills to accelerate clients' Oracle Cloud Application adoption ARMONK, N.Y., Sept. 9, 2024 /PRNewswire/ -- IBM (NYSE:IBM) today announced its intent to acquire Accelalpha, a global Oracle services provider with deep expertise helping clients digitize core business operations and accelerate adoption of Oracle Cloud Applications. This acquisition expands IBM's Oracle consulting expertise in supply chain and logistics, finance, enterprise performance management (EPM) and customer transformation. As Oracle applications
New location reaffirms IBM's commitment to the growing technology industry ecosystem of New York City and State NEW YORK, Sept. 6, 2024 /PRNewswire/ -- IBM (NYSE:IBM) today celebrated the opening of its new flagship office at One Madison Avenue, marking a significant milestone for the New York-based global technology company. The ribbon cutting ceremony featured remarks from IBM Chief Executive Officer Arvind Krishna, Senate Majority Leader Chuck Schumer, New York Governor Kathy Hochul, President and CEO of the Partnership for New York City Kathryn Wylde and others, as they welcomed IBM employees, partners and community members.
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ARMONK, N.Y., July 29, 2024 /PRNewswire/ -- The IBM (NYSE:IBM) board of directors today declared a regular quarterly cash dividend of $1.67 per common share, payable September 10, 2024 to stockholders of record August 9, 2024. With the payment of the September 10 dividend, IBM will have paid consecutive quarterly dividends every year since 1916. Contact: Tim Davidson (914) [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/ibm-board-approves-regular-quarterly-cash-dividend-302209052.html SOURCE IBM
Accelerated revenue growth led by Software; Raises full-year free cash flow expectation ARMONK, N.Y., July 24, 2024 /PRNewswire/ -- IBM (NYSE:IBM) today announced second-quarter 2024 earnings results. "We had a strong second quarter, exceeding our expectations, driven by growth in both revenue and free cash flow. We continue to see that clients turn to IBM for our technology and our expertise in enterprise AI, and our book of business for generative AI has grown to more than two billion dollars since the launch of watsonx one year ago," said Arvind Krishna, IBM chairman and ch
ARMONK, N.Y., July 10, 2024 /PRNewswire/ -- IBM (NYSE:IBM) will hold its quarterly conference call to discuss its second-quarter 2024 financial results on Wednesday, July 24, 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 [email protected] View original content to download multimedia:https
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 to stockholders of record as of May 10, 2024. This is the 29th year in a row that IBM has increased its quarterly cash dividend. IBM has paid consecutive quarterly dividends since 1916. Arvind Krishna, IBM chairman and chief executive officer, said: "IBM remains focused on two of the most transformational technologies of our time - hybrid cloud and AI – both of which continue to dr
Accelerated Software revenue growth; Strong gross margin expansion and cash generationAnnounces strategic acquisition of HashiCorp, Inc. ARMONK, N.Y., April 24, 2024 /PRNewswire/ -- IBM (NYSE:IBM) today announced first-quarter 2024 earnings results. "We began the year with solid revenue and free cash flow growth, reflecting the strength of our hybrid cloud and AI strategy. We continue to capitalize on the excitement and demand for enterprise AI from our clients. Our book of business for watsonx and generative AI again showed strong momentum, growing quarter over quarter, and h
$6.4 billion acquisition adds suite of leading hybrid and multi-cloud lifecycle management products to help clients grappling with today's AI-driven application growth and complexity HashiCorp's capabilities to drive significant synergies across multiple strategic growth areas for IBM, including Red Hat, watsonx, data security, IT automation and Consulting As a part of IBM, HashiCorp is expected to accelerate innovation and enhance its go-to-market, growth and monetization initiatives Transaction expected to be accretive to Adjusted EBITDA within the first full year, post close, and free cash flow in year two ARMONK, N.Y. and SAN FRANCISCO, April 24, 2024 /PRNewswire/ -- IBM (NYSE:IBM) and
ARMONK, N.Y., April 10, 2024 /PRNewswire/ -- IBM (NYSE:IBM) will hold its quarterly conference call to discuss its first-quarter 2024 financial results on Wednesday, April 24, 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 [email protected]: (914) 844 - 7847 View original content
ARMONK, N.Y., Jan. 30, 2024 /PRNewswire/ -- The IBM (NYSE:IBM) board of directors today declared a regular quarterly cash dividend of $1.66 per common share, payable March 9, 2024 to stockholders of record February 9, 2024. With the payment of the March 9, 2024 dividend, IBM has paid consecutive quarterly dividends every year since 1916. Contact: Tim Davidson [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/ibm-board-approves-regular-quarterly-cash-dividend-302048121.html SOURCE IBM
Revenue growth in all segments; Strong margin expansion and cash generation ARMONK, N.Y., Jan. 24, 2024 /PRNewswire/ -- IBM (NYSE:IBM) today announced fourth-quarter 2023 earnings results. "In the fourth quarter, we grew revenue in all of our segments, driven by continued adoption of our hybrid cloud and AI offerings. Client demand for AI is accelerating and our book of business for watsonx and generative AI roughly doubled from the third to the fourth quarter," said Arvind Krishna, IBM chairman and chief executive officer. "For the year, revenue growth was in line with our ex
ARMONK, N.Y., Jan. 10, 2024 /PRNewswire/ -- IBM (NYSE:IBM) will hold its quarterly conference call to discuss its fourth-quarter 2023 financial results on Wednesday, January 24, 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. Contact:Timothy [email protected] View original content to download multimedia:https://www.prnews
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DZ Bank downgraded IBM from Buy to Hold and set a new price target of $215.00
Goldman initiated coverage of IBM with a rating of Buy and set a new price target of $200.00
Exane BNP Paribas initiated coverage of IBM with a rating of Underperform and set a new price target of $145.00
Evercore ISI upgraded IBM from In-line to Outperform and set a new price target of $200.00 from $165.00 previously
Jefferies initiated coverage of IBM with a rating of Hold and set a new price target of $180.00
Societe Generale downgraded IBM from Hold to Sell and set a new price target of $143.00
BofA Securities reiterated coverage of IBM with a rating of Buy and set a new price target of $170.00 from $155.00 previously
RBC Capital Mkts initiated coverage of IBM with a rating of Outperform and set a new price target of $188.00
BMO Capital Markets reiterated coverage of IBM with a rating of Market Perform and set a new price target of $150.00 from $145.00 previously
JP Morgan initiated coverage of IBM with a rating of Neutral and set a new price target of $145.00
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – Several big winners have been made already in the ongoing artificial intelligence (AI) revolution. However, there's clearly none bigger than chipmaking giant NVIDIA Corporation (NASDAQ:NVDA), which just surpassed two of its big tech peers to become the most valued publicly-traded company on the planet. To put it into perspective, NVIDIA's market cap is currently larger than each of Europe's largest stock markets, while lucky investors who bet $1000 on NVIDIA stock just ten years ago would be sitting on an extra $297,600 today. Now as analysts are predicting that
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- With integration of AI-powered computing steadily on the rise, analysts at Goldman Sachs Research are projecting that the global data center power behind this tech boom is poised to more than double by 2030. However, the catch is that Goldman's teach believes that the supporting data center load growth will require at least $50 billion in new power generation capacity investment to achieve this. Experts are now declaring that 'futuristic AI needs futuristic data centers' in order to achieve the dreams of developers and end-users. According to WhaTech, the growth for data centers ma
INSTANT®, a leading data automation and generative technology company specializing in real-time business intelligence for global enterprises and financial institutions, is delighted to announce the appointment of Rob Melnyk as Executive Vice President, Financial Services. With his extensive experience in leadership at high-growth investment management and capital markets firms, Rob brings a wealth of knowledge and expertise to the INSTANT leadership team. As Executive Vice President, Financial Services, Rob will spearhead efforts to refine the INSTANT Platform for Financial Services, assist with the product delivery sales process, drive strategic planning, and lead cross-organizational initi
Collaboration through IBM SkillsBuild will create access to technology training for thousands of young people from communities historically underrepresented in technology AUSTIN, Texas, March 7, 2024 /PRNewswire/ -- SXSW EDU -- Usher's New Look (UNL) and IBM (NYSE:IBM) today announced a collaboration to provide free career readiness training through IBM SkillsBuild. With a focus on artificial intelligence (AI) and professional workplace skills, IBM will provide UNL with training and customized learning plans for student learners. This effort aims to benefit thousands of UNL's young learners nationwide, including high school and college-age youth from communities traditionally underrepresente
Keio University, The University of Tokyo, Yonsei University, Seoul National University, and The University of Chicago and IBM to collaborate on preparing the future quantum workforce TOKYO, Dec. 13, 2023 /CNW/ -- Today, IBM (NYSE:IBM) announced the company intends to engage with Keio University, The University of Tokyo, Yonsei University, Seoul National University, and The University of Chicago to work together to support quantum education activities in Japan, Korea, and the United States. IBM intends to deliver educational offerings, in combination with contributions from each of the participating universities, to advance the training of up to 40,000 students over the next 10 years to prepa
– Company Welcomes World-Class Go-To-Market Executive to Scale its Customer Facing Operations – Evolv Technology (NASDAQ:EVLV), the leader in AI-based weapons detection security screening, today announced the appointment of Jay Muelhoefer to serve as Chief Commercial Officer, effective October 12, 2023. Mr. Muelhoefer will assume global responsibility for the Company's Sales, Marketing, Alliances, Channels, and Customer Success teams to help expand brand awareness, drive revenue growth globally, and ensure exceptional customer experiences. Mr. Muelhoefer joins the Company from Kinaxis (TSX:KXS), a leading SaaS-based supply chain management applications provider focused on planning and e
SEATTLE and ARMONK, N.Y., Sept. 18, 2023 /PRNewswire/ -- Today, iFoodDS and IBM (NYSE:IBM) announced a tech-enabled traceability solution to help companies across the food supply chain address the FDA's Food Traceability Rule, FSMA 204(d). Building on decades of experience in food traceability software, the new solution, iFoodDS Trace Exchange™ (with IBM Food Trust™), will cater to enterprise scalability demands and address supplier needs. iFoodDS and IBM are now offering a robust FSMA 204 traceability and compliance management solution capable of supporting the needs of the i
Co-Founder and CEO Kiwi Camara has stepped down from the company Experienced business executive Scott Hill has been named interim CEO while the board conducts a search for a permanent successor CS Disco, Inc. ("DISCO") (NYSE:LAW) today announced that Kiwi Camara, Co-Founder and Chief Executive Officer, has decided to step down from his roles as Chief Executive Officer and a member of the board of directors. Scott Hill has been named as Chief Executive Officer, to serve on an interim basis while the board of directors searches for a permanent successor. Mr. Hill has served as a member of DISCO's board of directors since June 2021 and was previously Chief Financial Officer of Interconti
DENVER -- Wednesday, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Hotel Engine, the leading trip management platform, today announced the appointment of Patrick Morley, former chief executive officer of Carbon Black, to its board of directors. Morley joins the board at a pivotal time in Hotel Engine's rapid growth trajectory, with its revenue growth approaching 100% year-over-year. The company currently serves more than 40,000 businesses and 700,000 business travelers across the globe. "As Hotel Engine executes on its aggressive growth plans, it's critical we have the right team of strategic advisors in place to scale our business," said Elia Wallen, founder and CEO of Hotel Engine. "We are incredi
Littelfuse, Inc. (NASDAQ:LFUS), a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world, announced today the appointment of Dr. Greg Henderson, Senior Vice President of the Automotive & Energy, Communications, and Aerospace Group for Analog Devices, Inc. (NASDAQ:ADI), to the company's board of directors, effective May 15, 2023. "Greg is a seasoned global public company leader with extensive semiconductor experience across the broad range of end markets we serve," said Dave Heinzmann, Littelfuse Chief Executive Officer. "His comprehensive technical skills, and management experience, will complement the Littelfuse board as we continue
International Business Machines Corporation (NYSE:IBM) shares are moving higher on Thursday after the company reported strong second quarter earnings. What To Know: IBM reported 2024 fiscal year second quarter results after the market closed on Wednesday. The company reported adjusted EPS at $2.43 beating analysts estimate of $2.19. In addition, IBM reported sales of $15.80 billion beating analyst estimates of $15.61 billion. The reported revenue represents a 2% increase from the same period last year. IBM further broke down its revenue for the second quarter. The company reported revenue from software at $6.7 billion, revenue from consulting at $5.2 billion, revenue from infrastru
Stifel analyst David Grossman maintains IBM (NYSE:IBM) with a Buy and raises the price target from $190 to $205.
Sentiment continues to be jittery, with the major index futures priming for a lower opening on Thursday as traders look ahead to the first read of second-quarter GDP data and more earnings. The tech space could once again drag the broader market after a few disappointing earnings reports from the likes of Franco-Italian chipmaker STMicroelectronics N.V. (NYSE:STM), which predominantly supplies to the automotive end market, and semiconductor test-equipment company Teradyne, Inc. (NASDAQ:TER). Traders may also stay glued to second-quarter GDP data to confirm the slowdown suggested by some recent data does not point to a hard landing. That said, bond yields are dipping as the market, factori
International Business Machines Corp. (NYSE:IBM) reported its second-quarter financial results Wednesday. Here's a look at the key figures from the report. The Details: IBM reported quarterly earnings of $2.43 per share, which beat the analyst consensus estimate of $2.19 by 10.96%. Quarterly sales clocked in at $15.8 billion, which beat the analyst consensus estimate of $15.616 billion by 1.18% and represents a 2.10% increase over sales of $15.475 billion from the same period last year. Software revenue up 7%, 8% at constant currency, and consulting revenue was down 1% or up 2% at constant currency. Infrastructure revenue was up 1%, 3% at constant currency, for the quarter. Read A
IBM (NYSE:IBM) reported quarterly earnings of $2.43 per share which beat the analyst consensus estimate of $2.19 by 10.96 percent. The company reported quarterly sales of $15.800 billion which beat the analyst consensus estimate of $15.616 billion by 1.18 percent. This is a 2.10 percent increase over sales of $15.475 billion the same period last year.
Wall Street experienced a turbulent session on Wednesday, with the S&P 500 index heading toward its worst performance in over a year and the tech-focused Nasdaq 100 eyeing its fifth decline in the last six sessions. The Magnificent Seven group — Microsoft Corp. (NYSE:MSFT), Apple Inc. (NASDAQ:AAPL), NVIDIA Corp., Alphabet Inc., Amazon Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META) and Tesla, Inc. — wiped out over $570 billion in their combined market valuation by midday trading in New York. The Roundhill Magnificent Seven ETF (NYSE:MAGS) fell 4.9%, marking the worst daily performance since the fund’s inception last year. Tesla shares plummeted over 11% after missing earnings exp
International Business Machines Corporation (NYSE:IBM) will release its fiscal third quarter 2024 financial results, after the closing bell on Wednesday, July 24. Analysts expect the Armonk, New York-based company to report quarterly earnings at $2.19 per share, up from $2.18 per share in the year-ago period. IBM is expected to post revenue of $15.62 billion, compared to $15.57 billion a year ago, according to data from Benzinga Pro. On July 17, IBM disclosed securing a five-year contract with $26 million in initial funding from the U.S. Agency for International Development (USAID). IBM shares slipped 0.03% to close at $184.10 on Tuesday. Benzinga readers can access the latest an
Wall Street is gearing up for a negative start on Thursday, as traders mull over earnings from Tesla, Inc. (NASDAQ:TSLA) and Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), which incidentally haven’t been received well by the Street. While Tesla’s earnings were dismissed as of low quality, investors worried about Alphabet’s massive capex boost as it eyes supremacy in the AI market. The market may also focus on private sector activity readings due shortly after the market opens. “Mega tech has an unprecedented influence on market moves and overall earnings,” fund manager Louis Navellier said in a note. Traders may choose to remain on the sidelines until they get more clarity on the earnings f