Company Update (NYSE:IBM): Box to Deliver Breakthrough International Data Storage With Box Zones

[Business Wire] – LONDON–(BUSINESSWIRE)– Today at Box World Tour Europe, Box (NYSE:BOX – News) announced Box Zones to provide enterprises with the choice to store data regionally across Europe and Asia. Box Zones will help businesses centralize critical content and enhance productivity, while addressing local data storage requirements. By leveraging Amazon Web Services (AWS) and IBM Cloud, Box Zones will allow content in Box to be stored in Germany, Ireland, Singapore and Japan based on customer needs. Read more on this. International Business Machines Corporation (IBM) , valued at $143.92B, started trading this morning at $149.61. Looking at today’s market, IBM one day range is $148.58 to $150.05 with its 52-week range being $116.90 to $176.30. IBM shares are currently priced at 11.06x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.37x earnings multiple for the same period. And for passive income investors, the company pays shareholders $5.20 per share annually in dividends, yielding 3.48%. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $2.08 per share, which would be $0.83 worse than the year-ago quarter and a $0.85 sequential decrease. The full-year EPS estimate is $13.50, which would be a $1.42 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $18.25 Billion. If reported, that would be a 6.84% decrease over the year-ago quarter. More recently, Morgan Stanley upgraded IBM from Equal-Weight to Overweight (Feb 18, 2016). Previously, JMP Securities Initiated IBM at to Mkt Outperform. Investors should keep in mind is that the average price target is $136.32, which is 8.88% below where the stock opened this morning. See more in (NYSE:IBM) Similar Articles: Stock Update: International Business Machines Corporation (NYSE:IBM) – IBM Opens First Cloud Data Center in South Africa Company Update: International Business Machines Corporation (NYSE:IBM) – IBM Brings Object-Based Storage Services to the Cloud Company Update: International Business Machines Corporation (NYSE:IBM) – Will IBM’s Watson Group Turn Data Into Revenue?