International Business Machine (NYSE:IBM) topped the patent list for 24th successive year

Computing hardware giant International Business Machines (NYSE:IBM) efforts to compete and beat the human brain with computing technology had pushed the firm to the top of the 2016 list of patent awards.

The IBM and IFI Claims revealed on Monday that the US Patent and Trademark Office settled IBM 8,088 patents for the year, more than 2,700 of them stemming from artificial intelligence and intellectual computing work.

Next down on the list was Samsung with 5,518 patents, Canon with 3,665, Qualcomm with 2,897 and Google with 2,835.

According to reports, the USPTO approved 304,126 patents in 2016 in total, 10% more than the year before.

Meanwhile patents are an imperfect measure of competence in research, development, novelty and eventually business success.

It is not something very simple and ordinary, it surely takes a massive staff and a lot of intellectual-property lawyers to stay high on the list, so companies won’t make it up the list no matter how successful. In the meantime, many patent ideas never get materialized, or worse, emerge in a patent troll’s sketchy legal action trying to snatch licensing fees from big companies.

However, patents remain an important replication of how much a firm is spending at the moment into the upcoming technology. Another notable factor is that IBM beat the list for the 24th year in a row.

Moreover the company was granted 10% more patents in 2016 than 2015, but some others firms grew faster. No. 6 Intel augmented 34% to 2,784, while No. 14 Amazon surged 46% to 1,662, sufficient to drive it up 12 places in contrast to the 2015 list.

IPhone-maker giant Apple remained at its No. 11 rank but raised its patent haul 8% to 2,102.

International Business Machines Corporation (NYSE:IBM) Stock Declines, Analysts: Hold Rating

International Business Machines Corporation (NYSE:IBM), with -0.57% losses in previous 5 sessions, is under coverage of 24 analysts who collectively assign a hold rating on stock. 7 of the brokerages firms have a buy or better rating; the 1 sells versus 2 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 $167.06, implying that Wall Street analysts see shares losing about -6.25 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 26.02 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 $167.06/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 -0.16% fall in value, its new closing price reflects a -1.7% fall in value from company’s one year high of $169.95. The stock is currently holding above its 50-day SMA of $162.05 and above its 200-day SMA of $157.72. Over the last 3 months and over the last 6 months, the shares of International Business Machines Corporation (IBM), have changed 8.77% and 15.99%, respectively.

On December 22, 2016, Cleveland Clinic and International Business Machines Corporation (NYSE:IBM) announced a five-year agreement to expand the Clinic’s health information technology capabilities.  The Clinic and IBM aim to establish a model for a health system transition to value-based care and population health, and to uncover potential standards that could be replicated by providers nationwide. The agreement builds on a decades-long relationship between the two organizations, and reflects the parties’ intention to expand the use of IBMs secured cloud, social, mobile and Watson cognitive computing technologies across clinical and administrative operations.  The collaboration is also being designed to better capture the value of data and to enhance patient care across the systems’ nine regional hospitals and 18 full-service family health centers.

As the healthcare industry grows increasingly dependent on technology to deliver efficient, high-quality, and affordable care, the new technology implementation is designed to enable efficient analysis of data from electronic health records (EHR), information from administrative claims, and social determinants of health, allowing for both personalized clinical care and broader population-focused management. For example, data analysis could help predict which diabetes patients are resistant to certain treatments and whether similarities exist within a group of diabetes patients that could help medical providers better tailor patient engagement to address specific needs, such as notifying of recommended treatments or actions to take.

The widespread adoption of EHRs across the U.S. has created an imperative for hospitals and health systems to apply advanced technologies, like Watson cognitive computing, to improve the quality and personalization of care while managing cost effectiveness.  The collaborative relationship will allow Cleveland Clinic physicians to present clinical and administrative challenges to Watson such as mining mass amounts of data, combined with knowledge of medical literature and to train and focus Watson’s capabilities to support clinical care and administrative tasks.

International Business Machines Corporation (NYSE:IBM) at $166.73: How much higher it can go

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.

International Business Machines Corporation (NYSE:IBM) Earns Consensus Hold Rating

International Business Machines Corporation (NYSE:IBM), with 3.54% gains in previous 5 sessions, is under coverage of 24 analysts who collectively assign a hold rating on stock. 7 of the brokerages firms have a buy or better rating; the 1 sells versus 2 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 $165.5, implying that Wall Street analysts see shares losing about -5.37 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 24.84 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 $165.5/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 -0.61% fall in value, its new closing price reflects a -0.73% fall in value from company’s one year high of $166.79. The stock is currently holding above its 50-day SMA of $158.54 and above its 200-day SMA of $156.98. Over the last 3 months and over the last 6 months, the shares of International Business Machines Corporation (IBM), have changed 7.18% and 11.51%, respectively.

Which way International Business Machines Corporation (NYSE:IBM) insiders are heading

International Business Machines Corporation (NYSE:IBM), with 3.47% gains in previous 5 sessions, is under coverage of 24 analysts who collectively assign a hold rating on stock. 7 of the brokerages firms have a buy or better rating; the 1 sells versus 2 underperforms. The 21 stock analysts who cover the stock have an average PT at $157.1, with individual targets in the range of $110 to $186. The shares ended last trade at $165.36, implying that Wall Street analysts see shares losing about -5 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 24.74 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 $165.36/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 $21.76B.

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 0.35% rise in value, its new closing price reflects a 0.11% rise in value from company’s one year high of $166. The stock is currently holding above its 50-day SMA of $157.66 and above its 200-day SMA of $156.65. Over the last 3 months and over the last 6 months, the shares of International Business Machines Corporation (IBM), have changed 7.17% and 10.46%, respectively.

Current International Business Machines Corporation (NYSE:IBM) PT Means Stock Is Worth Almost $186

International Business Machines Corporation (NYSE:IBM), with 2.57% gains in previous 5 sessions, is under coverage of 25 analysts who collectively assign a hold rating on stock. 7 of the brokerages firms have a buy or better rating; the 1 sells versus 2 underperforms. The 21 stock analysts who cover the stock have an average PT at $157.1, with individual targets in the range of $110 to $186. The shares ended last trade at $164.52, implying that Wall Street analysts see shares losing about -4.51 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 24.1 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.

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 0.85% rise in value, its new closing price reflects a 0.61% rise in value from company’s one year high of $165. The stock is currently holding above its 50-day SMA of $155.81 and above its 200-day SMA of $155.94. Over the last 3 months and over the last 6 months, the shares of International Business Machines Corporation (IBM), have changed 3.94% and 8.92%, respectively.

International Business Machines Corporation (NYSE:IBM) Insiders Look Pessimistic About Prospects

International Business Machines Corporation (NYSE:IBM), with 2.52% gains in previous 5 sessions, is under coverage of 25 analysts who collectively assign a hold rating on stock. 6 of the brokerages firms have a buy or better rating; the 1 sells versus 2 underperforms. The 21 stock analysts who cover the stock have an average PT at $157.1, with individual targets in the range of $110 to $186. The shares ended last trade at $158.21, implying that Wall Street analysts see shares losing about -0.7 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 19.34 jumped so far this year. A Senior Vice President at International Business Machines Corporation (IBM) sold shares in a trading activity completed on Thursday November 10, 2016. Van Kralingen Bridget A offloaded 855 shares in the company at a per-share price of $158.31 and ended up generating $135,360 in proceeds. Van Kralingen Bridget A retains 4,629 shares in the stock after this transaction. A Senior Vice President in the company, Van Kralingen Bridget A, on Tuesday November 08, 2016 collected $132,200 from the sale of 850 shares at a per-share price of $158.31. 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 $158.21/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 $21.77B.

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 -1.9% fall in value, its new closing price reflects a -3.25% fall in value from company’s one year high of $165. The stock is currently holding above its 50-day SMA of $154.71 and above its 200-day SMA of $154.92. Over the last 3 months and over the last 6 months, the shares of International Business Machines Corporation (IBM), have changed -0.66% and 8.8%, respectively.

International Business Machines Corporation (NYSE:IBM) Stock Rises, Analysts: Hold Rating

International Business Machines Corporation (NYSE:IBM), with 6.11% gains in previous 5 sessions, is under coverage of 25 analysts who collectively assign a hold rating on stock. 6 of the brokerages firms have a buy or better rating; the 1 sells versus 2 underperforms. The 21 stock analysts who cover the stock have an average PT at $156.38, with individual targets in the range of $110 to $186. The shares ended last trade at $160.22, implying that Wall Street analysts see shares losing about -2.4 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 20.86 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 08, 2016. Van Kralingen Bridget A offloaded 850 shares in the company at a per-share price of $155.53 and ended up generating $132,200 in proceeds. Van Kralingen Bridget A retains 5,484 shares in the stock after this transaction. A Senior Vice President in the company, Rhodin Michael D., on Thursday November 03, 2016 collected $152,310 from the sale of 1,000 shares at a per-share price of $155.53. 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 $160.22/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 $21.77B.

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 3.49% rise in value, its new closing price reflects a -2.02% fall in value from company’s one year high of $165. The stock is currently holding above its 50-day SMA of $154.48 and above its 200-day SMA of $154.68. Over the last 3 months and over the last 6 months, the shares of International Business Machines Corporation (IBM), have changed -0.17% and 10.39%, respectively.

Why International Business Machines Corp. (NYSE:IBM) got Upgraded?

International Business Machines Corp. (NYSE:IBM) shares were up 3.49% on Thursday when approximately 7.72M shares were traded, against the average daily trading volume of 3.67M. Analysts at Credit Agricole recently upgraded the stock to Underperform from Buy. International Business Machines Corp. (NYSE:IBM) has a consensus buy rating, according to Zacks Investment Research. 2 analyst has rated the stock with a sell rating, 9 have assigned a hold rating, 2 says it’s a buy, and 4 have assigned a strong buy rating to the company.

The 52-week price range is $113.67-$163.52 and the company has a market capitalization of $152.85 billion.

International Business Machines Corp. (IBM) on November 10, 2016 announced that Tencent Cloud has been named the Winner of the Sort Benchmark annual global computing competition for 2016. Tencent Cloud and the Big Data Collaboration team spent less than 99 seconds (98.8 seconds) finishing sorting 100 terabytes of data in the Indy GraySort category, improving on 2015’s best result, 329 seconds, by a factor of 3.3.

Each year, top global companies and academic institutions participate in the contest to evaluate the capability of their software and hardware system architectures, as well as their research results. Tencent Cloud participated in two of the four competition categories, GraySort and MinuteSort, to benchmark the architecture capabilities and computing efficiencies of large distributed computing systems and real time data analytics. The GraySort and MinuteSort benchmarks are each measured in two sub categories:

  • Indy (special purpose sort)
  • Daytona (general purpose sort)

Tencent Cloud Data Intelligence (the distributed computing platform of Tencent Cloud) won each category in both the GraySort and MinuteSort benchmarks, establishing four new world records with its performance, outperforming 2015’s best speeds by two to five times.

“In the future, the ability to manage big data will be the foundation of successful Internet businesses,” said Zeus Jiang, Vice President of Tencent Cloud and General manager of Tencent’s Data Platform Department. “Tencent Cloud can provide precise high performance computing to enterprises using minimal time and resources. We will continue to improve the back end technology for our cloud service by optimizing architecture, software and hardware to help global enterprises solve complex business challenges by leveraging hyper-scale computing platforms.”

“Industry leaders like Tencent are helping IBM and our OpenPOWER partners push performance boundaries for a cognitive era defined by big data and advanced analytics,” said Tom Rosamilia, Senior Vice President, IBM Systems. “The computing record achieved by Tencent Cloud on OpenPOWER is an important milestone for the industry.”

The Insider Activity Don’t Lie: International Business Machines Corporation (NYSE:IBM)

International Business Machines Corporation (NYSE:IBM), with 2.07% gains in previous 5 sessions, is under coverage of 25 analysts who collectively assign a hold rating on stock. 6 of the brokerages firms have a buy or better rating; the 1 sells versus 2 underperforms. The 21 stock analysts who cover the stock have an average PT at $156.38, with individual targets in the range of $110 to $186. The shares ended last trade at $153.69, implying that Wall Street analysts see shares climbing about 1.75 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 14.89 jumped so far this year. A Senior Vice President at International Business Machines Corporation (IBM) sold shares in a trading activity completed on Thursday October 27, 2016. Kelly John E Iii offloaded 2,809 shares in the company at a per-share price of $152.28 and ended up generating $427,750 in proceeds. Kelly John E Iii retains 61,105 shares in the stock after this transaction. A Senior Vice President in the company, Van Kralingen Bridget A, on Tuesday October 25, 2016 collected $100,280 from the sale of 665 shares at a per-share price of $152.28. 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 $153.69/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 $21.77B.

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

Societe Generale is following shares of International Business Machines Corporation (IBM), so its rating change is noteworthy. The company stock was upgraded to Hold from Sell, wrote analysts at Societe Generale, in a research note issued to clients on Monday September 26, 2016. There was another key research note provided by Standpoint Research on Monday July 25, 2016. The firm lowered its rating on IBM from Buy to Hold.

Price Potential: Even though the stock has posted 0.71% rise in value, its new closing price reflects a -6.85% fall in value from company’s one year high of $165. The stock is currently holding below its 50-day SMA of $154.68 and above its 200-day SMA of $154.44. Over the last 3 months and over the last 6 months, the shares of International Business Machines Corporation (IBM), have changed -3.46% and 8.59%, respectively.