|Bid||116.00 x 1000|
|Ask||116.10 x 800|
|Day's Range||115.53 - 116.62|
|52 Week Range||90.56 - 158.75|
|Beta (5Y Monthly)||1.16|
|PE Ratio (TTM)||13.15|
|Earnings Date||Jan. 21, 2021|
|Forward Dividend & Yield||6.52 (5.62%)|
|Ex-Dividend Date||Aug. 07, 2020|
|1y Target Est||136.87|
IBM's (NYSE: IBM) stock recently dipped after the tech giant posted its third-quarter numbers. Should investors assume IBM's stock is dead money for now, or is it still an undervalued turnaround play with a generous dividend? IBM's core growth engine during the quarter was its Cloud and Cognitive Software unit, which houses Red Hat, its cloud services, and its AI tools.
International Business Machines (NYSE: IBM) reported its third consecutive quarter of declining revenue when it announced earnings on Monday. This took investor optimism out of the clouds, and IBM stock sold off by about 6%. With a little patience, the post-earnings sell-off in this tech stock could offer investors the chance to buy this cloud growth at an even deeper discount.
The third-quarter earnings call brought some important clarification about the company's short-term results and long-term goals.