|Bid||124.61 x 800|
|Ask||124.67 x 1400|
|Day's range||124.07 - 125.19|
|52-week range||90.56 - 158.75|
|Beta (5Y monthly)||1.24|
|PE ratio (TTM)||12.31|
|Earnings date||20 Jul 2020|
|Forward dividend & yield||6.52 (5.24%)|
|Ex-dividend date||07 May 2020|
|1y target est||127.29|
IBM (IBM) closed the most recent trading day at $124.53, moving -0.8% from the previous trading session.
Two iconic brands go head-to-head. Learn which is positioned for success after the COVID-19 pandemic.
IBM told the Wall Street Journal it is laying off an undisclosed number of workers across the U.S. IBM representatives didn't return numerous calls and emails Friday to confirm the job cuts, which were also reported by Bloomberg. The already-struggling tech giant's new CEO Arvind Krishna warned investors last month of uncertainty caused by the COVID-19 pandemic, saying the company made a “tough decision” to withdraw revenue projections for the rest of 2020.
International Business Machines (NYSE: IBM) is gearing up to lay off workers amid the COVID-19 pandemic, the first such action by CEO Arvind Krishna, who took on the role in April. IBM hasn't said how many employees it's letting go, but a source told The Wall Street Journal the move could eliminate several thousand jobs.
IBM is laying off employees amid the pandemic, and Apple wants to use podcasts to promote its Apple TV+ streaming service.
Facebook takes more steps to support and expand a remote workforce, IBM announces layoffs and TechCrunch's big annual conference is going virtual. Facebook CEO Mark Zuckerberg estimated that over the course of the next decade, half of the company could be working fully remotely. As the next step toward that goal, Facebook will be setting up new company hubs in Denver, Dallas and Atlanta.
IBM confirmed reports from overnight that it is conducting layoffs, but wouldn't provide details related to location, departments or number of employees involved. The company framed it in terms of replacing people with more needed skills as it tries to regroup under new CEO Arvind Krishna. Patrick Moorhead, principal analyst at Moor Insights & Strategy, says he's hearing the layoffs are hitting across the business.
Companies that have pulled back on dividends to preserve cash include automakers, retailers, real estate investment trusts, energy companies, and a mishmash of others. While dividend investing has become more difficult as companies reel from the pandemic, there are still some solid dividend stocks out there. Two of the best, thanks to a combination of dividend safety and exceptionally high yields, are International Business Machines (NYSE: IBM) and AT&T (NYSE: T).
Let's look at three high-yield stocks that are part of the broader technology space that investors might want to buy now amid continued coronavirus uncertainty...
Cisco Systems (NASDAQ: CSCO) and International Business Machines (NYSE: IBM) have one big thing in common. Twenty years ago, Cisco briefly had the largest market cap of any company in the world. This happened as Cisco products built the infrastructure of a then-burgeoning internet.
Halving of bitcoin is expected to happen on May 12, and the reward per miner will be trimmed to 6.25 new bitcoin or approximately $55,000 at the current bitcoin price.
ARMONK, N.Y. and NEW DELHI , May 11, 2020 /CNW/ -- IBM (NYSE: IBM) announced that Vodafone Idea Limited (VIL) has delivered the first major production milestone for core network functions on its Open Universal Hybrid Cloud, powered by IBM and Red Hat. The Open Universal Hybrid Cloud is a hybrid cloud platform that is based on open technology and open standards from IBM and Red Hat. It enables Vodafone Idea to better serve nearly 300 million subscribers by simplifying and transforming its IT and telecom network operations.
CALGARY , May 11, 2020 /CNW/ - A new Prairie Payments Joint Venture (PPJV) and IBM (IBM) have signed an 8-year, multi-million dollar agreement to digitally transform and modernize credit union payment services in Canada . This marks the largest agreement of its kind in Canada for the credit union system. The new joint venture between the Credit Union Centrals of Alberta , Saskatchewan and Manitoba collectively represent more than 75 credit unions across the three prairie provinces.
Let's check out three stocks that fit the bill: IBM (NYSE: IBM), Cisco (NASDAQ: CSCO), and Verizon (NYSE: VZ). It currently pays a forward yield of 5.3% and spent just 50% of its free cash flow (FCF) on dividend payments over the past 12 months -- which gives it plenty of room for future hikes.