IBM revenue falls for the 13th straight quarter

“Separately, our updated analysis of IBM’s global financing business suggests to us that IBM may be trading off the need to preserve cash for buybacks and the potential benefit from driving sales with GF”.

Worldwide Business Machines released its latest earnings report after closing bell tonight, posting non-GAAP earnings of $3.84 per share, a 15% year over year decline, and revenue of $20.8 billion, a 1% year over year decline after adjusting for currencies and the divesture of the System x business. The stock has an estimated 5 year annual growth of 10.08% and a PEG multiple of 1.69.

Worldwide Business Machines (IBM), like other Dow Jones Industrials’ components, is in deep transition mode and investors well know its results could lag the year-ago result.

It is, perhaps, ironic that IBM had to pay Globalfoundries $1.5 billion to take ownership of Big Blue’s chip-making facilities in upstate New York. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating and set a $177.00 price target on shares of worldwide Business Machines Corp.in a research note on Tuesday, May 19th. The total value of the transaction was worth $931,824.

Global Business Machines Corporation (NYSE:IBM): On Friday heightened volatility was witnessed in global Business Machines Corporation (NYSE:IBM) which led to swings in the share price. In the current trading session the stock reached as high as 173.76 and dipped down to 172.14. The daily volume was measured at 4,356,404 shares. The company has a market cap of $169,876 million.

Global Business Machines Corporation (IBM) is an information technology (IT) company. As far as the individual lines of business, scrutiny is greatest with respect to services and software. Systems and Technology provides clients with business solutions requiring advanced computing power and storage capabilities. In July 2014, the Company acquired CrossIdeas, privately held provider of security software that governs user access to applications and data across on-premise and cloud environments.