IBM revenue misses estimates for first time in five quarters

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They presently have a $150.00 price target on the technology company's stock. These analysts and investment firms use various valuation methods to decide a price target for a stock.

A number of other brokerages have also recently issued reports on IBM. While looking the figure depicted by the Price to Earning we can suggest that the shares of International Business Machines Corporation (IBM) are overvalued.

04/04/2017 - Berenberg Bank began new coverage on International Business Machines Corporation giving the company a " rating. About shares traded. International Business Machines Corp.

In the prior 12 months International Business Machines's stock price has increased by 16.43% from 139.03 to 161.87.

Shares of International Business Machines Corp. closed the previous trading session at 170.05 down -1.05 -0.61% with 6,345,465 shares trading hands. Seven equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company's stock. The company has an average rating of Hold and an average price target of $167.30. Willis Investment Counsel has invested 1.4% in International Business Machines Corp. Waters Parkerson And Ltd Limited Liability Company accumulated 0.78% or 46,892 shares. The 52 week high shares of International Business Machines have reached is 182.79 whilst the 52 week low for the company's shares is 142.5. Traders purchased 3,300 call options on the company.

Dividend History for International Business Machines Corp. (NYSE:IBM) last announced its earnings results on Tuesday, April 18th.

Beat earnings estimates. The company posted earnings of $2.38 per share (excluding $0.53 from non-recurring items), topping the Zacks Consensus Estimate of $2.34 per share. The business earned $18.16 billion during the quarter, compared to the consensus estimate of $18.37 billion.

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The company said revenue fell 2.8 percent, to US$18.16 billion in the quarter ended March 31 from US$18.68 billion a year earlier. Aside from that, the company maintained its adjusted EPS outlook of a minimum of $13.80, which is better than the Street analysts' predictions of $13.78 a share.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Markets Daily and is owned by of Markets Daily. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of United States and worldwide trademark and copyright laws. The current share price indicate that stock is -59.63% away from its one year high and is moving 153.85% ahead of its 52-week low.

On 11/15/2016 Jon C Iwata, Insider, sold 19,866 with an average share price of $158.63 per share and the total transaction amounting to $3,151,343.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. KAVANAUGH JAMES J sold $99,674 worth of stock.

On 11/22/2016 Kralingen Bridget A Van, Insider, sold 2,107 with an average share price of $162.44 per share and the total transaction amounting to $342,261.08. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company's stock. LLC purchased a new stake in International Business Machines Corp. during the fourth quarter valued at about $108,000. Allianz Asset Management Ag holds 0.29% of its portfolio in International Business Machines Corp.

International Business Machines Corporation (IBM) is a technology company. Parametrica Management Ltd now owns 2,742 shares of the technology company's stock worth $477,000 after buying an additional 937 shares during the last quarter. Hedge funds and other institutional investors own 58.65% of the company's stock.

International Business Machines Corp's (IBM.N) revenue declined for the 20th quarter in a row, hurt in the latest first quarter by weak demand in its technology services business.

Their strategy of moving their business model towards cognitive solutions and cloud Platform Company seems to be working. The Systems and Technology segment provides computing power and storage solutions; and semiconductor technology products and packaging solutions.

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