International Business Machines Corporation (NYSE:IBM), with 0.13% gains in previous 5 sessions, is under coverage of 0 analysts who collectively assign a hold rating on stock. 0 of the brokerages firms have a buy or better rating; the 0 sells versus 0 underperforms. The 21 stock analysts who cover the stock have an average PT at $156.62, with individual targets in the range of $110 to $186. The shares ended last trade at $166.73, implying that Wall Street analysts see shares losing about -6.06 per cent in 12 months’ time.
Insider Trading News: Insiders at the company look pessimistic about the outlook as they seem to offload shares while they have 25.77 jumped so far this year. A Senior Vice President at International Business Machines Corporation (IBM) sold shares in a trading activity completed on Tuesday November 22, 2016. Van Kralingen Bridget A offloaded 2,107 shares in the company at a per-share price of $162.44 and ended up generating $342,260 in proceeds. Van Kralingen Bridget A retains 2,522 shares in the stock after this transaction. A Senior Vice President in the company, Iwata Jon C, on Tuesday November 15, 2016 collected $3,151,340 from the sale of 19,866 shares at a per-share price of $162.44. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.
International Business Machines Corporation (NYSE:IBM) Earnings on Tap
Investors interested in trading IBM stock at the current market price of $166.73/share should know the company will next release quarterly results for the December 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver $4.9 in earnings per share (EPS). That would represent a 1.24 per cent year-over-year increase. Revenue for the same quarter is predicted to arrive at $21.74B.
Historical Quarterly Earnings: Last quarter, International Business Machines Corporation generated nearly $19.23B in sales and net income of $3.29/share. That compares with the mean forecast $19B and $3.23/share, respectively. For the prior quarter revenue for the stock hit $20.24B, with EPS at $2.95.
International Business Machines Corporation (IBM) Analyst Rating News
BofA/Merrill is following shares of International Business Machines Corporation (IBM), so its rating change is noteworthy. The company stock was upgraded to Buy from Neutral, wrote analysts at BofA/Merrill, in a research note issued to clients on Thursday November 10, 2016. There was another key research note provided by Societe Generale on Monday September 26, 2016. The firm lifted its rating on IBM from Sell to Hold.
Price Potential: Even though the stock has posted -0.77% fall in value, its new closing price reflects a -1.89% fall in value from company’s one year high of $169.95. The stock is currently holding above its 50-day SMA of $160.4 and above its 200-day SMA of $157.32. Over the last 3 months and over the last 6 months, the shares of International Business Machines Corporation (IBM), have changed 8.63% and 10.47%, respectively.
International Business Machines Corporation (NYSE:IBM) today announced that Fincantieri, one of the world’s largest shipbuilding groups and number one by diversification and innovation is adopting a hybrid cloud solution from IBM to improve the efficiency of designing, building and deploying new vessels in response to the growing global demand for shipbuilding.
According to Cruise Lines International Association (CLIA), demand for cruising has increased 68 percent over the last 10 years, helping the global cruise industry generate revenues of 37.1 billion U.S. dollars in 2014 – a figure that is expected to grow to approximately $39.6 billion by the end of 2016.
Faced with rapidly growing international demand for cruise as well as naval vessels, Fincantieri needed a modern and global IT infrastructure to manage its new Integrated Ship Design and Manufacturing system, which manages the process of designing, fabricating and deploying ships. This capital-intensive and time-sensitive process also required rapid provisioning capabilities, high elasticity and security.
With more than 50 cloud data centers worldwide – including one in Milan – and expertise in managing enterprise cloud services, IBM will provide Fincantieri with a modern IT infrastructure to advance Fincantieri’s global growth goals.
Fincantieri selected IBM Cloud out of a crowded field of competitors to create a global hybrid cloud infrastructure. The hybrid infrastructure connects 13 Fincantieri private distributed data centers with the IBM Cloud data center in Milan. The result is a hybrid cloud for high-availability, fault tolerance and secure enterprise service levels.
In addition to providing a new flexible and scalable global IT footprint for the shipbuilding world of today, Fincantieri is looking to IBM for a cloud solution built for the future. The company is mission-driven to stay competitive in ship evolution, yard efficiency and the ability to provide advanced services to ship owners as the industry evolves. Industry researchers, such as Roland Berger and Confindustria, consider cloud computing an essential building block of the Internet of Things, as well as the “smart factory” of Industry 4.0 transformations. By adopting the IBM Cloud, Fincantieri is well positioned for the 4.0 transformation at a global scale.