Shares of International Business Machines Corporation (NYSE:IBM) are experiencing unusual volume during today’s trading. The company has a market capitalization of $159.19 Billion. Ms. Rometty said that the results of the past year established IBM as “the industry’s leading cognitive solutions and cloud platform company”. International Business Machines Corp. makes up approx 0.14% of Creative Planning’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in IBM by selling 220 shares or 1.85% in the most recent quarter. The projected growth estimate for the next quarter is 9.8 percent. Analysts rating the company a 4 or 5 indicate a Sell recommendation. Following the completion of the transaction, the insider now directly owns 26,464 shares of the company’s stock, valued at approximately $4,029,937.92. Its Price to Cash Flow ratio shows the value of 9.86, whereas, the industry and sector ratio of Price to Cash Flow ticked at 13.87 and 15.48 respectively. The median estimate represents a -4.08% decrease from the last price of 166.81. Below are the key takeaways from the earnings announcement. It has met expectations 1 times and missed earnings 1 times. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company. The rating score is on a scale of 1-5 where 1 stands for strong buy and 5 stands for sell.
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Company shares have received an average consensus rating of Hold for the current week International Business Machines Corporation (NYSE:IBM): On Thursday heightened volatility was witnessed in International Business Machines Corporation (NYSE:IBM) which led to swings in the share price. The Global Technology Services segment provides IT infrastructure services and business process services.
The Global Business Services division (GBS) contributes over 16.7% to IBM’s stock value according to our estimates. The primary reason for this was the decline in shipments for POWER system, which is suffering due to the ongoing shift to a growing Linux market. The Company’s Global Financing segment includes client financing, commercial financing, and remanufacturing and remarketing. IBM is headquartered in Armonk, New York.
3,533,668 shares traded hands yesterday, 54 percent above the norm, out of a total float 868,757,000. higher than normal. The stock had a trading capacity of 2.09M shares. (NYSE:IBM) marked 52-week highest price level of $169.95 on 12/13/16 and 52-week lowest price level of $113.67 on 02/11/16. That is higher than consensus for $13.74. Stock performance in last five sessions is recorded as -53.88% while year to date (YTD) performance is -72.63%. The High end of the forecast is $3.02/share, while the Low end is $1.58/share. Operating (non-GAAP) diluted earnings per share exclude $1.85 per share of charges for amortisation of purchased intangible assets, other acquisition-related charges and retirement-related charges. During that same period 3 analysts have increased their earnings expectations for the firm. 2 given Buy rating to the stock whereas 3 analysts given UNDERPERFORM rating to stock and 23 analysts given HOLD rating. Over a year ago, the Un-carrier began aggressively preparing to serve the more than one million anticipated attendees at the Presidential Inauguration in Washington, DC with the country’s fastest LTE network.
Earnings per share have been diluted on account of the diminished revenue: $12.38, down from $13.42.
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Revenue is expected to range from 39 Million to 58.7 Million with an average of 45.59 Million.
