|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||161.30 - 165.40|
|52-week range||139.13 - 182.79|
|PE ratio (TTM)||13.54|
|Forward dividend & yield||6.00 (3.66%)|
|1y target est||N/A|
Few have been a more harsh critic of International Business Machines (IBM) than Toni Sacconaghi of Bernstein, and today he continues that critique, following IBM’s results, declaring “the shell game continues." IBM yesterday afternoon beat Q4 revenue and profit expectations, and declared it has returned to growth in revenue after nearly six years of declines. Bulls today were re-affirmed in their view IBM is turning a corner, but Sacconaghi appears to have been unsatisfied by Kavanaugh’s response last night. “The tax rate shell game persists,” declares Sacconaghi in a note to clients today.
A former software engineer for IBM in China was sentenced to five years in prison after he pleaded guilty to stealing proprietary source code from the company, prosecutors announced on Friday. Jiaqiang Xu, 32, was sentenced on Thursday by U.S. District Judge Kenneth Karas in White Plains, New York, according to a statement from the office of U.S. Attorney Geoffrey Berman. Xu pleaded guilty in May 2017 to economic espionage and theft of a trade secret.
Stocks that moved substantially or traded heavily Friday: Amazon.com Inc., up $1.26 to $1,294.58 The online retailer said it will raise the price of a monthly Prime membership to $12.99 from $10.99. IBM ...
International Business Machines (IBM) was the worst performer in the S&P 500 today, following its fourth-quarter earnings report. IBM lost $6.74, or 4%, to $162.38 while the S&P 500 rose 12.27 points, or 0.44%, to 2810.30. IBM's quarter was better than expected, but that didn't stop the stock from slumping and analysts are debating the bull and bear cases for the shares.
Researchers at International Business Machine Corp.’s Thomas J. Watson Research Center say they’re working out the bugs in their next-generation quantum computing chip, which could help derive competitive ...