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IBM Stock Slides on Disappointing Software Sales
Today's bear gap has IBM dropping to its lowest levels since mid-May, moving sharply away from its June 25 record high of $296.16. The 150-day moving average looks like it will move in as support for today's pullback, however. Year-to-date, the equity is up 16.5%.
IBM beat Wall Street estimates for second-quarter revenue and profit on Wednesday, but lower-than-expected sales in its ...
IBM shares sank Thursday, as slightly weaker-than-expected software revenue growth is weighing on a second-quarter earnings ...
The tech company’s investments in artificial intelligence are helping it stay agile as customers continue to shift their ...
Technology and consulting giant IBM (NYSE:IBM) reported revenue ahead of Wall Street’s expectations in Q2 CY2025, with sales ...
IBM partners say the company's new channel chief faces challenges, ... IBM's software sales, meanwhile, were up 1 percent to $5.8 billion in the most recent quarter.
IBM Corp. beat expectations on second-quarter earnings and revenue today, aided by strong sales of new mainframe hardware ...
Global Businesses Services sales fell 13 percent (5 percent adjusted for currency) to $4.2 billion. Signings in the quarter were $9.3 billion, their lowest level since 2003.
IBM’s Q2 financials reflected the immediate challenges of the coronavirus crisis, as well as the long-term opportunities created by the pandemic’s acceleration of enterprise digital ...
IBM now looks more promising as it has achieved some sales growth over the last two years. Yet, the competitive environment is still a concern. Therefore, I believe the shares are a Hold.
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