Tag IBM

In the closing of the recent trading day, IBM (IBM) stood at $246.21, denoting a -1.65% change from the preceding trading day...

Kyndryl Holdings (NYSE: KD) is the target of a report from a short-seller that accuses the IT infrastructure company of manipulating financial metrics. Investors are heading for the exits, sending shares of Kyndryl down as much as 15% on Thursday morning and 11% as of 12:00 p.m. ET. Kyndryl is a data center business that was spun out of IBM in 2021...

International Business Machines (NYSE:IBM) recently introduced its IBM Storage Ceph as a Service, enhancing its cloud solutions integrated with on-premises infrastructure. This, along with other business innovations like new AI partnerships with NVIDIA and collaboration updates with companies like Finastra, might have related to IBM's share price increase of 11% over the last quarter. Despite market turbulence, including tariff uncertainties impacting broader indices, IBM's consistent focus.....

The IT infrastructure specialist trades at 61 times GAAP earnings, and its free cash flows have been negative across the past four quarters. Kyndryl's separation from former parent company IBM (NYSE: IBM) left the company with lots of low-margin client contracts, resulting in poor profit margin. By then, the sliding top-line revenue should stabilize at mid-single-digit annual growth, setting Kyndryl up to be a shareholder-friendly cash machine with generous buybacks and perhaps a decent dividend, too...

Gotham City said Kyndryl manipulated its reported adjusted EBITDA and adjusted free cash flow to give the appearance of profits and cash flow while in reality it generated losses and burned cash. "An economically realistic calculation of FCF shows that the company has never generated free cash flow, which should be particularly concerning that revenue has declined every single year," the report said. Kyndryl is a former infrastructure services business of IBM and operates in the consulting and IT industry where it has been benefiting from higher demand for its offerings due to a push into artificial intelligence...

Dow's 100-point fall led by losses in Goldman Sachs, 3M shares...

We recently published a list of 15 Dividend Zombies to Invest in. In this article, we are going to take a look at where International Business Machines Corporation (NYSE:IBM) stands against other dividend zombies to invest in. The broader market has posted consecutive annual gains of 25%, largely fueled by growth stocks and companies capitalizing […]...

Dow's 216-point fall led by losses for shares of Goldman Sachs, 3M...

IBM (NYSE: IBM) has announced the addition of IBM Storage Ceph as a Service to its emerging portfolio of flexible as a service solutions for on-premises infrastructure. The portfolio includes IBM Power delivered as a service, which already offers the distributed compute platform in new form factors and flexible consumption options...

Goldman Sachs, 3M share losses contribute to Dow's 100-point fall...