Market Update (NYSE:IBM): Avid Integrates Aspera FASP to Enable High-speed Transfers for Global Media Asset Management

[GlobeNewswire] – LAS VEGAS, April 14, 2016– NAB 2016, booth# SL4910: IBM today announced that Avid ®, a media technology leader and creator of the Avid Everywhere™ platform, has integrated Aspera FASP ® high-speed transfer … Read more on this. International Business Machines Corporation (IBM) , currently valued at $144.81B, opened this morning at $151.50. During today’s session, IBM traded between $150.68 to $152.76 and has traded between $116.90 and $176.30 over the past year. IBM shares are currently priced at 11.19x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 9.45x earnings multiple. And for income investors, the company pays shareholders $5.20 per share annually in dividends, yielding 3.48%. According to a consensus of 20 analysts, the earnings estimate of $2.08 per share would be $0.83 worse than the year-ago quarter and a $0.82 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $13.51 would be a $1.41 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $18.25 Billion. If realized, 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. Given all the information above, we should disclose to readers that the average price target is $136.32, which is 10.02% below than it opened this morning. See more in (NYSE:IBM) Similar Articles: Stock Update: International Business Machines Corporation (NYSE:IBM) – MEDIA ALERT: New IBM Cloud Service Enables IT Operations to Receive and Respond to Critical App and Network Performance Alerts Faster Market Update (NYSE:IBM): MEDIA ALERT: New IBM Cloud Services Enable Developers to Run Zero-Downtime Updates, Easily Connect to Streaming Twitter Data Company Update (NYSE:IBM): BeBop Technology Creates Media Industry’s First Virtualized Editing Platform on IBM Cloud