Market Update: International Business Machines Corporation (NYSE:IBM) – Instart Logic Helps Online Retailers Accelerate Performance of E-commerce Platforms with IBM Commerce

[Business Wire] – Instart Logic, the leading provider of application delivery solutions, today announced it has become a certified IBM Ready for Commerce partner in order to help retail clients accelerate the performance of their e-commerce platforms. Read more on this. International Business Machines Corporation (IBM) , currently valued at $144.03B, opened this morning at $149.35. Shares have traded today between $148.97 and $149.98 per share with the price of the stock fluctuating between $116.90 to $176.30 over the last 52 weeks. IBM shares are currently priced at 11.02x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.18x earnings multiple for the same period. The company pays shareholders $5.20 per share in dividend income per year, for a current yield of 3.50%. According to a consensus of 19 analysts, the earnings estimate of $2.88 per share would be $0.96 worse than the year-ago quarter and a $0.55 sequential decrease. Investors should also note that the full-year EPS estimate of $13.53 is a $1.39 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.04 Billion. If reported, that would be a 3.70% decrease over the year-ago quarter. 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 $142.50, which is 4.59% below than it opened this morning. See more in (NYSE:IBM) Similar Articles: Market Update: International Business Machines Corporation (NYSE:IBM) – Online retailer Yoox Net-a-Porter adopts IBM software Company Update: International Business Machines Corporation (NYSE:IBM) – Chumbak Selects IBM Cloud to Accelerate Business Growth Market Update: International Business Machines Corporation (NYSE:IBM) – The Trouble With Online Customer Reviews
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